2,174 Shares in Darden Restaurants, Inc. $DRI Purchased by Callan Family Office LLC

Key Points

• Callan Family Office LLC acquired 2,174 shares of Darden Restaurants, Inc. (NYSE: DRI) worth approximately $474,000 in the second quarter.
• The company recently reported earnings of $1.97 per share, missing the consensus estimate, with a revenue of $3.04 billion for the quarter.
• Darden declared a quarterly dividend of $1.50 per share, resulting in an annualized dividend yield of 3.2%, and has approved a stock buyback program worth $1 billion.

Callan Family Office LLC purchased a new position in Darden Restaurants, Inc. (NYSE:DRI - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 2,174 shares of the restaurant operator's stock, valued at approximately $474,000.

Other large investors also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC raised its holdings in Darden Restaurants by 31.8% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 15,230 shares of the restaurant operator's stock worth $3,164,000 after purchasing an additional 3,677 shares during the period. Choreo LLC lifted its position in shares of Darden Restaurants by 46.0% in the first quarter. Choreo LLC now owns 16,248 shares of the restaurant operator's stock valued at $3,376,000 after acquiring an additional 5,119 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Darden Restaurants by 5.1% in the first quarter. Principal Financial Group Inc. now owns 162,340 shares of the restaurant operator's stock valued at $33,728,000 after acquiring an additional 7,902 shares in the last quarter. Golden State Wealth Management LLC lifted its position in shares of Darden Restaurants by 12.4% in the first quarter. Golden State Wealth Management LLC now owns 924 shares of the restaurant operator's stock valued at $192,000 after acquiring an additional 102 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Darden Restaurants by 124.2% in the first quarter. GAMMA Investing LLC now owns 4,471 shares of the restaurant operator's stock valued at $929,000 after acquiring an additional 2,477 shares in the last quarter. Institutional investors and hedge funds own 93.64% of the company's stock.

Insider Buying and Selling at Darden Restaurants

In other Darden Restaurants news, insider Laura B. Williamson sold 523 shares of the firm's stock in a transaction on Wednesday, July 30th. The stock was sold at an average price of $204.65, for a total transaction of $107,031.95. Following the completion of the sale, the insider owned 5,423 shares of the company's stock, valued at $1,109,816.95. This trade represents a 8.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Matthew R. Broad sold 5,661 shares of the firm's stock in a transaction on Monday, October 6th. The stock was sold at an average price of $193.40, for a total value of $1,094,837.40. Following the sale, the senior vice president directly owned 13,916 shares of the company's stock, valued at approximately $2,691,354.40. This trade represents a 28.92% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,674 shares of company stock valued at $1,507,575. 0.49% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently weighed in on DRI shares. Raymond James Financial decreased their target price on Darden Restaurants from $230.00 to $210.00 and set an "outperform" rating on the stock in a research report on Friday, September 19th. JPMorgan Chase & Co. decreased their target price on Darden Restaurants from $240.00 to $230.00 and set an "overweight" rating on the stock in a research report on Monday, October 6th. TD Cowen restated a "hold" rating and issued a $235.00 target price on shares of Darden Restaurants in a research report on Thursday, September 18th. Oppenheimer raised their target price on Darden Restaurants from $230.00 to $250.00 and gave the company an "outperform" rating in a research report on Wednesday, June 18th. Finally, Stephens restated an "equal weight" rating and issued a $215.00 target price on shares of Darden Restaurants in a research report on Thursday, September 18th. Nineteen investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $225.59.

Darden Restaurants Price Performance

DRI stock opened at $186.90 on Wednesday. The business has a fifty day moving average of $200.61 and a two-hundred day moving average of $205.32. The company has a quick ratio of 0.27, a current ratio of 0.40 and a debt-to-equity ratio of 0.96. The stock has a market cap of $21.74 billion, a price-to-earnings ratio of 20.03, a price-to-earnings-growth ratio of 1.69 and a beta of 0.77. Darden Restaurants, Inc. has a 52-week low of $157.01 and a 52-week high of $228.27.

Darden Restaurants (NYSE:DRI - Get Free Report) last posted its earnings results on Thursday, September 18th. The restaurant operator reported $1.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.01 by ($0.04). The business had revenue of $3.04 billion for the quarter, compared to analyst estimates of $3.03 billion. Darden Restaurants had a return on equity of 52.35% and a net margin of 8.90%.Darden Restaurants's revenue was up 10.4% compared to the same quarter last year. During the same period last year, the business earned $1.75 EPS. Darden Restaurants has set its FY 2026 guidance at 10.500-10.700 EPS. As a group, research analysts anticipate that Darden Restaurants, Inc. will post 9.52 earnings per share for the current year.

Darden Restaurants declared that its board has approved a stock repurchase program on Friday, June 20th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the restaurant operator to purchase up to 3.8% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's leadership believes its stock is undervalued.

Darden Restaurants Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Friday, October 10th will be paid a dividend of $1.50 per share. The ex-dividend date of this dividend is Friday, October 10th. This represents a $6.00 annualized dividend and a yield of 3.2%. Darden Restaurants's dividend payout ratio (DPR) is 64.31%.

Darden Restaurants Company Profile

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.

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