Caliber Wealth Management LLC KS Has $3.39 Million Stake in Darden Restaurants, Inc. $DRI

Key Points

• Caliber Wealth Management LLC KS has decreased its stake in Darden Restaurants by 11.5%, now holding 15,532 shares valued at approximately $3.39 million.
• Darden Restaurants reported a 10.4% year-over-year revenue increase, earning $1.97 per share, which was below analysts' expectations of $2.01.
• The firm announced a quarterly dividend of $1.50 per share, with a dividend yield of 3.2%, payable on November 3rd to shareholders on record as of October 10th.

Caliber Wealth Management LLC KS trimmed its stake in Darden Restaurants, Inc. (NYSE:DRI - Free Report) by 11.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,532 shares of the restaurant operator's stock after selling 2,016 shares during the quarter. Caliber Wealth Management LLC KS's holdings in Darden Restaurants were worth $3,385,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in the stock. Bowman & Co S.C. raised its stake in shares of Darden Restaurants by 0.5% in the second quarter. Bowman & Co S.C. now owns 9,631 shares of the restaurant operator's stock valued at $2,099,000 after purchasing an additional 48 shares in the last quarter. Rise Advisors LLC raised its stake in shares of Darden Restaurants by 32.2% in the 1st quarter. Rise Advisors LLC now owns 201 shares of the restaurant operator's stock valued at $42,000 after buying an additional 49 shares in the last quarter. Ballentine Partners LLC raised its stake in shares of Darden Restaurants by 2.5% in the 2nd quarter. Ballentine Partners LLC now owns 1,975 shares of the restaurant operator's stock valued at $430,000 after buying an additional 49 shares in the last quarter. SBI Securities Co. Ltd. lifted its holdings in shares of Darden Restaurants by 15.8% during the 1st quarter. SBI Securities Co. Ltd. now owns 381 shares of the restaurant operator's stock worth $79,000 after acquiring an additional 52 shares during the period. Finally, Fiduciary Financial Group LLC boosted its position in shares of Darden Restaurants by 3.2% during the 2nd quarter. Fiduciary Financial Group LLC now owns 1,663 shares of the restaurant operator's stock valued at $365,000 after acquiring an additional 52 shares in the last quarter. Institutional investors and hedge funds own 93.64% of the company's stock.

Darden Restaurants Stock Performance

DRI stock opened at $187.67 on Wednesday. Darden Restaurants, Inc. has a fifty-two week low of $157.89 and a fifty-two week high of $228.27. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.40 and a quick ratio of 0.27. The stock has a market capitalization of $21.83 billion, a PE ratio of 20.11, a price-to-earnings-growth ratio of 1.72 and a beta of 0.77. The company has a 50 day moving average price of $198.98 and a 200 day moving average price of $204.75.

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

Darden Restaurants Announces Dividend

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

Insider Activity

In related news, SVP Matthew R. Broad sold 5,661 shares of the stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $193.40, for a total transaction of $1,094,837.40. Following the completion of the transaction, the senior vice president directly owned 13,916 shares of the company's stock, valued at approximately $2,691,354.40. This represents a 28.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Laura B. Williamson sold 523 shares of the company's stock in a transaction that occurred on Wednesday, July 30th. The stock was sold at an average price of $204.65, for a total value of $107,031.95. Following the sale, the insider owned 5,423 shares in the company, valued at approximately $1,109,816.95. This represents a 8.80% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,341 shares of company stock worth $1,438,707 in the last quarter. 0.49% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on DRI shares. Wells Fargo & Company dropped their price target on shares of Darden Restaurants from $225.00 to $200.00 and set an "equal weight" rating for the company in a research report on Friday, September 19th. Guggenheim increased their target price on Darden Restaurants from $220.00 to $235.00 and gave the stock a "buy" rating in a report on Wednesday, September 17th. Truist Financial cut their target price on Darden Restaurants from $252.00 to $240.00 and set a "buy" rating for the company in a research report on Friday, September 19th. Bank of America boosted their price target on Darden Restaurants from $253.00 to $254.00 and gave the company a "buy" rating in a research note on Tuesday, September 16th. Finally, Raymond James Financial dropped their price objective on Darden Restaurants from $230.00 to $210.00 and set an "outperform" rating for the company in a research note on Friday, September 19th. Twenty investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, Darden Restaurants has an average rating of "Moderate Buy" and a consensus price target of $227.15.

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.

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