MAY 22·MarketBeat▲
Newport Trust Company LLC Reduces Holdings in Darden Restaurants, Inc. $DRI
Newport Trust Company LLC reduced its stake in Darden Restaurants (NYSE: DRI) by 1.5% in the fourth quarter, selling 27,218 shares and retaining 1,833,677 shares valued at approximately $337.4 million. Despite this reduction, Wall Street analysts maintain a "Moderate Buy" consensus for DRI with an average price target of $226.24. Darden Restaurants recently reported strong quarterly results, with EPS of $2.95 and revenue of $3.35 billion, both exceeding expectations, and declared a quarterly dividend of $1.50 per share.
MAY 22·MarketBeat▲
Fideuram Intesa Sanpaolo Private Banking S.P.A. Buys Shares of 9,005 Darden Restaurants, Inc. $DRI
Fideuram Intesa Sanpaolo Private Banking S.P.A. recently acquired 9,005 shares of Darden Restaurants, Inc. valued at approximately $1.66 million. This purchase highlights continued institutional interest in Darden, which has 93.64% of its stock held by hedge funds and other institutional investors. Analysts maintain a "Moderate Buy" rating for DRI, with a consensus target price of $226.24, following an earnings beat with quarterly EPS of $2.95 on $3.35 billion in revenue.
