Sei Investments Co. Has $96.03 Million Holdings in Darden Restaurants, Inc. (NYSE:DRI)

Sei Investments Co. increased its position in Darden Restaurants, Inc. (NYSE:DRI - Free Report) by 1.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 514,392 shares of the restaurant operator's stock after purchasing an additional 8,786 shares during the quarter. Sei Investments Co. owned approximately 0.44% of Darden Restaurants worth $96,031,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Kestra Investment Management LLC bought a new position in Darden Restaurants during the fourth quarter worth about $25,000. Compass Wealth Management LLC bought a new position in shares of Darden Restaurants during the 4th quarter valued at about $28,000. TCTC Holdings LLC acquired a new position in shares of Darden Restaurants in the 4th quarter valued at approximately $28,000. MCF Advisors LLC increased its stake in Darden Restaurants by 50.9% during the 4th quarter. MCF Advisors LLC now owns 175 shares of the restaurant operator's stock worth $33,000 after purchasing an additional 59 shares in the last quarter. Finally, HHM Wealth Advisors LLC raised its holdings in Darden Restaurants by 103.2% during the 4th quarter. HHM Wealth Advisors LLC now owns 254 shares of the restaurant operator's stock worth $47,000 after buying an additional 129 shares during the period. 93.64% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

DRI has been the subject of several research reports. Barclays increased their price objective on shares of Darden Restaurants from $230.00 to $235.00 and gave the stock an "overweight" rating in a research report on Friday. Wells Fargo & Company lifted their price target on Darden Restaurants from $180.00 to $200.00 and gave the company an "equal weight" rating in a research note on Friday. Robert W. Baird upped their price objective on Darden Restaurants from $192.00 to $210.00 and gave the stock a "neutral" rating in a research report on Friday. Oppenheimer boosted their target price on Darden Restaurants from $218.00 to $230.00 and gave the company an "outperform" rating in a research note on Friday. Finally, KeyCorp raised their price target on shares of Darden Restaurants from $200.00 to $220.00 and gave the stock an "overweight" rating in a research note on Friday. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $202.08.

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Darden Restaurants Stock Performance

NYSE:DRI traded down $1.13 during mid-day trading on Tuesday, hitting $207.43. 940,041 shares of the stock were exchanged, compared to its average volume of 1,246,882. The firm's 50-day simple moving average is $192.60 and its 200 day simple moving average is $177.21. The stock has a market capitalization of $24.30 billion, a price-to-earnings ratio of 23.76, a price-to-earnings-growth ratio of 2.15 and a beta of 1.27. Darden Restaurants, Inc. has a fifty-two week low of $135.87 and a fifty-two week high of $210.47. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.23 and a current ratio of 0.37.

Darden Restaurants (NYSE:DRI - Get Free Report) last released its quarterly earnings results on Thursday, March 20th. The restaurant operator reported $2.80 EPS for the quarter, hitting analysts' consensus estimates of $2.80. The business had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.22 billion. Darden Restaurants had a net margin of 9.01% and a return on equity of 50.12%. Darden Restaurants's revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period last year, the firm earned $2.60 earnings per share. As a group, equities analysts anticipate that Darden Restaurants, Inc. will post 9.52 EPS for the current fiscal year.

Darden Restaurants Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be paid a $1.40 dividend. This represents a $5.60 annualized dividend and a dividend yield of 2.70%. The ex-dividend date is Thursday, April 10th. Darden Restaurants's dividend payout ratio (DPR) is currently 63.13%.

Insider Buying and Selling

In other Darden Restaurants news, SVP Matthew R. Broad sold 12,759 shares of the firm's stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $187.37, for a total value of $2,390,653.83. Following the sale, the senior vice president now owns 14,328 shares of the company's stock, valued at approximately $2,684,637.36. This trade represents a 47.10 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Douglas J. Milanes sold 7,892 shares of the business's stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $195.95, for a total value of $1,546,437.40. Following the transaction, the senior vice president now directly owns 3,914 shares of the company's stock, valued at $766,948.30. This trade represents a 66.85 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 45,698 shares of company stock valued at $8,536,729 over the last 90 days. 0.58% of the stock is owned by corporate insiders.

About Darden Restaurants

Darden Restaurants, Inc, together with its subsidiaries, owns and operates full-service restaurants in the United States and Canada. It operates under Olive Garden, LongHorn Steakhouse, Cheddar's Scratch Kitchen, Yard House, The Capital Grille, Seasons 52, Bahama Breeze, Eddie V's Prime Seafood, and Capital Burger brand names.