Economy

Longbow Research Initiates Coverage on Darden Restaurants, Inc. (DRI)

The hedge fund held 920,447 shares of the consumer services company at the end of 2017Q2, valued at $54.81M, up from 718,447 at the end of the previous reported quarter. Thompson Rubinstein Investment Management Inc who had been investing in Qep Resources Inc for a number of months, seems to be bullish on the $2.15B market cap company. Axa invested in 96,788 shares or 0.01% of the stock. About shares traded. QEP Resources Inc (NYSE:QEP) has declined 34.57% since October 13, 2016 and is downtrending. It has underperformed by 29.91% the S&P500.

Trust Investment Advisors decreased its stake in Darden Restaurants Inc (DRI) by 60.59% based on its latest 2017Q2 regulatory filing with the SEC. The company has market cap of $830.06 million. During the same period in the prior year, the company earned $0.88 earnings per share. The stock decreased 0.16% or $0.13 during the last trading session, reaching $79.21.

Arrowstreet Capital Limited Partnership cut its holdings in BJ's Restaurants, Inc. It has outperformed by 15.26% the S&P500.

Investors sentiment decreased to 0.95 in Q2 2017. Its up 0.20, from 0.83 in 2017Q1. It dropped, as 46 investors sold DRI shares while 190 reduced holdings. 78 funds opened positions while 147 raised stakes. 342.53 million shares or 5.81% more from 323.71 million shares in 2017Q1 were reported. Heitman Real Est Secs Limited Liability Company reported 368,372 shares.

As of quarter end Exxonmobil Investment Management Inc /TX had sold 982 shares trimming its stake by 4.1%. Sumitomo Mitsui invested in 58,931 shares. Wesbanco Bancshares reported 3,589 shares. Comml Bank Of New York Mellon Corporation invested 0.06% of its portfolio in Waste Management, Inc. BlackRock Inc. grew its stake in shares of Darden Restaurants by 2.7% in the second quarter. (NYSE:DRI). Credit Agricole S A owns 212,821 shares or 0.06% of their USA portfolio. With an institutional ownership near 93.5%, it carries an earnings per share ratio of 3.03. State Treasurer State Of Michigan accumulated 25,000 shares or 0.01% of the stock. Wells Fargo & Company MN grew its stake in shares of Darden Restaurants by 0.5% in the second quarter. (NYSE:DRI) in a research note issued to investors on Friday. Darden Restaurants, Inc. (NYSE:DRI) has risen 31.96% since October 14, 2016 and is uptrending. (NYSE:WM) for 194,519 shares. Canaccord Genuity upgraded shares of BJ's Restaurants from a "hold" rating to a "buy" rating and set a $45.00 target price on the stock in a report on Friday, July 14th. Therefore 48% are positive. Darden Restaurants had 72 analyst reports since August 25, 2015 according to SRatingsIntel. The rating was maintained by BMO Capital Markets with "Hold" on Thursday, June 22. On Tuesday, September 26 the stock rating was downgraded by J.P. Morgan to "Hold". On Friday, January 29 the stock rating was downgraded by Raymond James to "Underperform". The rating was upgraded by Tigress Financial to "Buy" on Friday, June 24. The firm earned "Hold" rating on Tuesday, June 27 by RBC Capital Markets. Centers Of America stated it has 0.02% of its portfolio in Darden Restaurants, Inc. (NYSE:DRI) on Thursday, July 20 with "Buy" rating. (NYSE:DRI). Brandywine Glob Inv Mngmt Limited Liability Company accumulated 64 shares or 0% of the stock. (NYSE:DRI) on Wednesday, September 20 with "Buy" rating. The stock presently has an average rating of Hold and a consensus target price of $87.82. Oppenheimer maintained Darden Restaurants, Inc. Recently, analysts have updated the overall rating to 2.4. Stifel Nicolaus has "Sell" rating and $50 target. Sei Investments Co. increased its holdings in Darden Restaurants by 241.6% during the 1st quarter.

Darden Restaurants (NYSE:DRI) last posted its earnings results on Tuesday, September 26th. The company was initiated on Friday, October 13 by Longbow.

More recent Darden Restaurants, Inc. Its up 0.25, from 1.05 in 2017Q1. It is positive, as 49 investors sold WM shares while 288 reduced holdings. (NYSE:DRI). Kentucky Retirement has 7,971 shares. Dimensional Fund Advsrs LP invested 0.02% of its portfolio in QEP Resources Inc (NYSE:QEP). (NYSE:DRI). 2,020 are held by San Francisco Sentry Invest Gru (Ca). Bridgeway Cap Mngmt Inc stated it has 0.03% in West Marine, Inc. (NYSE:WM). Moreover, Garrison has 2.27% invested in Waste Management, Inc. Glg Llc accumulated 0.11% or 24,113 shares. Jacobs Levy Equity Management holds 155,579 shares or 0.2% of its portfolio. Blackrock Incorporated holds 1.22M shares. Guggenheim Limited Liability Co holds 0.18% or 731,441 shares in its portfolio. Also Fool.com published the news titled: "Why Darden Restaurants, Inc". The stock of Taubman Centers, Inc. Citigroup Inc.'s price objective indicates a potential upside of 13.32% from the stock's current price. The forecast of 8 surveyed investment analysts covering the stock advises investors to Buy stake in the company. Therefore 59% are positive. Waste Management Inc. had 33 analyst reports since July 28, 2015 according to SRatingsIntel. The stock has "Hold" rating by Paradigm Research on Thursday, August 18. The stock tapped a 52-week high of US$69.81 while the mean 12-month price target for the shares is US$71.17. SunTrust maintained the stock with "Neutral" rating in Wednesday, October 5 report. The rating was maintained by Scotia Capital with "Outperform" on Friday, November 18. As per Tuesday, February 21, the company rating was maintained by Wedbush. The rating was downgraded by Evercore on Monday, November 16 to "Hold".

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