Economy

Should You Sell Darden Restaurants, Inc. Based On Current Broker Views?

06/22/2017 - Darden Restaurants, Inc. had its "equal-weight" rating reiterated by analysts at Morgan Stanley. (NYSE:DRI) on Wednesday, March 29 to "Neutral" rating. They now have a market perform rating on the restaurant operator's stock. Oppenheimer downgraded the shares of BJRI in report on Monday, January 4 to "Perform" rating. Zacks Investment Research lowered Darden Restaurants from a "buy" rating to a "hold" rating in a research report on Wednesday. As per Thursday, June 22, the company rating was maintained by BMO Capital Markets. J P Morgan Chase & Co restated a neutral rating and set a $93.00 price objective (up from $82.00) on shares of Darden Restaurants in a research report on Wednesday, June 28th. Wedbush reiterated a "hold" rating and set a $45.00 price target on shares of BJ's Restaurants in a research report on Thursday, May 25th. Wells Fargo & Company reiterated a "market perform" recommendation on stocks of Darden Restaurants in a note on Tue, Mar 28th. They now have a United States dollars 45 price target on the stock. Darden Restaurants, Inc. (NYSE:DRI) has risen 31.96% since July 11, 2016 and is uptrending. The company has a 50 day moving average price of $89.37 and a 200 day moving average price of $80.52. Darden Restaurants, has a 52 week low of $59.50 and a 52 week high of $95.22. the share has a valuation of $11.26 B, a PE book ratio of 23.68 along with a stock beta of 0.28. BJ's Restaurants, Inc. now has a P/E ratio of 19.435 and market capitalization is 768.00M.

BJ's Restaurants (NASDAQ:BJRI) last issued its quarterly earnings results on Thursday, April 27th. Revenue for the quarter also killed consensus, coming in at $1.93B, compared to the consensus of 1.87B. BJ's Restaurants had a return on equity of 14.86% and a net margin of 4.29%.

Shares of the company have shown an EPS growth of 12.80% in the last 5 years. They expect $-0.07 EPS, up 12.50% or $0.01 from last year's $-0.08 per share.

BJ's Restaurants, Inc owns and operates restaurants. (NASDAQ:BJRI) on Wednesday, September 16 to "Equal Weight" rating. If you are reading this piece on another domain, it was illegally stolen and reposted in violation of United States and worldwide copyright legislation. The original version of this article can be viewed at https://www.thestockobserver.com/2017/07/11/atria-investments-llc-acquires-3192-shares-of-darden-restaurants-inc-dri.html. The ex-dividend date of this dividend is Thurs, Jul 6th. This represents a $2.52 dividend on an annualized basis and a yield of 2.81%. This is a gain from Darden Restaurants's prior periodic dividend of $0.56. Darden Restaurants's dividend payout ratio is 66.14%.

In related news, insider Eugene I. Lee, Jr. sold 93,125 shares of the business's stock in a transaction on Thursday, June 29th.

Allergan plc (NYSE:AGN) closed at $245.59 a share in the latest session and the stock value rose nearly 16.94% since the beginning of this year. Following the completion of the sale, the insider now owns 165,062 shares in the company, valued at $15,116,377.96. (NYSE:DRI) by 1.8% during the first quarter, according to its most recent disclosure with the SEC. The stock increased 2.41% or $0.85 during the last trading session, reaching $36.15.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BJRI. Thrivent Financial for Lutherans has an ownership of 4,457 stocks of the restaurant operator's shares valued $324,000 after scooping up an extra 130 shares through out the previous quarter, Putnam Investments bought a fresh stake in stocks of Darden Restaurants throughout the Q4 valued $1,791,000. Neuberger Berman Group LLC now owns 653,012 shares of the restaurant operator's stock valued at $26,382,000 after buying an additional 18,263 shares in the last quarter. Ledyard National Bank raised its position in shares of Darden Restaurants by 399.4% in the first quarter. UBS Asset Management Americas has an ownership of 806,456 stocks of the restaurant operator's shares valued $58,644,000 after scooping up an extra 200,243 shares through out the previous quarter, large institution funds own 96.58% of the firms stock. As of quarter end Goldman Sachs Group Inc had sold a total of 45,403 shares trimming its position 88.9%. Finally, UBS Asset Management Americas Inc. boosted its stake in Darden Restaurants by 33.0% in the fourth quarter. First Interstate Financial Bank has invested 0% of its portfolio in BJ's Restaurants, Inc. (DRI) stock; watched recent volatility movements, they can see that shares have been recorded at 1.59% for the week, and 1.58% for the last month.

08/23/2016 - Canaccord Genuity began new coverage on BJ's Restaurants, Inc. giving the company a "hold" rating. As of February 27, 2017, the Company owned and operated 189 restaurants located in 24 states of Alabama, Arizona, Arkansas, California, Colorado, Florida, Indiana, Kansas, Kentucky, Louisiana, Maryland, Nevada, New Jersey, New Mexico, New York, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, Tennessee, Texas, Virginia and Washington.



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