Hs Management Partners Has Trimmed Position in Darden Restaurants (DRI) as Valuation Declined; Qep Resources (QEP) Position Lifted by Wedge Capital Management L L P

April 16, 2018 - By Michael Collier

Darden Restaurants, Inc. (NYSE:DRI) Logo

Hs Management Partners Llc decreased its stake in Darden Restaurants Inc (DRI) by 11.24% based on its latest 2017Q4 regulatory filing with the SEC. Hs Management Partners Llc sold 224,050 shares as the company’s stock declined 12.63% with the market. The institutional investor held 1.77 million shares of the consumer services company at the end of 2017Q4, valued at $169.90 million, down from 1.99M at the end of the previous reported quarter. Hs Management Partners Llc who had been investing in Darden Restaurants Inc for a number of months, seems to be less bullish one the $11.00B market cap company. The stock increased 1.30% or $1.14 during the last trading session, reaching $88.86. About 544,262 shares traded. Darden Restaurants, Inc. (NYSE:DRI) has risen 11.43% since April 16, 2017 and is uptrending. It has underperformed by 0.12% the S&P500.

Wedge Capital Management L LP increased its stake in Qep Resources Inc. (QEP) by 3.69% based on its latest 2017Q4 regulatory filing with the SEC. Wedge Capital Management L LP bought 82,663 shares as the company’s stock declined 2.19% with the market. The institutional investor held 2.32M shares of the energy company at the end of 2017Q4, valued at $22.25 million, up from 2.24 million at the end of the previous reported quarter. Wedge Capital Management L LP who had been investing in Qep Resources Inc. for a number of months, seems to be bullish on the $2.70B market cap company. The stock increased 0.80% or $0.09 during the last trading session, reaching $11.36. About 2.24 million shares traded. QEP Resources, Inc. (NYSE:QEP) has declined 22.78% since April 16, 2017 and is downtrending. It has underperformed by 34.33% the S&P500.

Wedge Capital Management L L P, which manages about $10.84 billion and $11.15B US Long portfolio, decreased its stake in Air Products And Chemicals Inc. (NYSE:APD) by 3,047 shares to 52,083 shares, valued at $8.55M in 2017Q4, according to the filing. It also reduced its holding in Bank Of America Corporation (NYSE:BAC) by 288,002 shares in the quarter, leaving it with 1.66 million shares, and cut its stake in Cigna Corporation (NYSE:CI).

Investors sentiment decreased to 1.03 in Q4 2017. Its down 0.20, from 1.23 in 2017Q3. It dived, as 33 investors sold QEP shares while 83 reduced holdings. 38 funds opened positions while 81 raised stakes. 207.43 million shares or 5.41% less from 219.29 million shares in 2017Q3 were reported. Systematic Mgmt Ltd Partnership stated it has 0.03% of its portfolio in QEP Resources, Inc. (NYSE:QEP). Wells Fargo Mn has 1.83M shares. Oppenheimer Asset Management Incorporated owns 23,728 shares. New York State Common Retirement Fund accumulated 659,075 shares. 371,650 were accumulated by State Board Of Administration Of Florida Retirement Systems. Tarbox Family Office reported 0% in QEP Resources, Inc. (NYSE:QEP). Oakbrook Invs Ltd Liability Company holds 0.01% or 20,300 shares. California State Teachers Retirement Sys holds 0.01% of its portfolio in QEP Resources, Inc. (NYSE:QEP) for 419,864 shares. Los Angeles Capital Management Equity holds 283,525 shares. Teachers Retirement System Of The State Of Kentucky reported 44,520 shares. Wealthtrust owns 1,438 shares or 0.01% of their US portfolio. Earnest Prns Ltd has 0% invested in QEP Resources, Inc. (NYSE:QEP). Bluemountain Mgmt Limited Company has 0.12% invested in QEP Resources, Inc. (NYSE:QEP) for 628,188 shares. Quantitative Systematic Strategies Lc owns 23,161 shares. Sg Americas Secs Ltd Liability Corp invested 0.02% of its portfolio in QEP Resources, Inc. (NYSE:QEP).

Since March 8, 2018, it had 1 buying transaction, and 0 insider sales for $90,000 activity.

Among 26 analysts covering QEP Resources (NYSE:QEP), 14 have Buy rating, 1 Sell and 11 Hold. Therefore 54% are positive. QEP Resources had 64 analyst reports since August 7, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Tuesday, January 16 by Mizuho. The firm has “Overweight” rating by Barclays Capital given on Tuesday, September 26. Credit Suisse initiated it with “Sell” rating and $9.0 target in Monday, December 11 report. On Friday, March 9 the stock rating was maintained by FBR Capital with “Hold”. The rating was maintained by Barclays Capital on Wednesday, October 11 with “Overweight”. On Tuesday, January 9 the stock rating was maintained by Piper Jaffray with “Buy”. The rating was maintained by BMO Capital Markets on Tuesday, November 14 with “Buy”. The firm has “Overweight” rating given on Monday, September 18 by PiperJaffray. The firm earned “Neutral” rating on Tuesday, March 21 by Mizuho. On Tuesday, October 10 the stock rating was maintained by BMO Capital Markets with “Buy”.

Since January 10, 2018, it had 0 insider buys, and 3 insider sales for $7.25 million activity. On Wednesday, January 10 LEE EUGENE I JR sold $5.79M worth of Darden Restaurants, Inc. (NYSE:DRI) or 59,783 shares. $1.05 million worth of Darden Restaurants, Inc. (NYSE:DRI) was sold by Cardenas Ricardo on Wednesday, January 10.

Hs Management Partners Llc, which manages about $2.39 billion and $3.26B US Long portfolio, upped its stake in Dunkin Brands Group Inc (NASDAQ:DNKN) by 259,750 shares to 591,145 shares, valued at $38.11M in 2017Q4, according to the filing. It also increased its holding in Ulta Beauty Inc (NASDAQ:ULTA) by 472,850 shares in the quarter, for a total of 699,365 shares, and has risen its stake in Kellogg Co (NYSE:K).

Investors sentiment decreased to 0.88 in 2017 Q4. Its down 0.08, from 0.96 in 2017Q3. It fall, as 46 investors sold DRI shares while 187 reduced holdings. 83 funds opened positions while 121 raised stakes. 103.03 million shares or 4.63% less from 108.03 million shares in 2017Q3 were reported. Meiji Yasuda Asset Mgmt holds 0.13% or 14,016 shares in its portfolio. First Tru Lp, a Illinois-based fund reported 106,494 shares. State Treasurer State Of Michigan invested in 0.03% or 36,253 shares. Oppenheimer Com reported 0.02% stake. American Century Companies has 1.69M shares. Hanseatic Mgmt Serv has 0.06% invested in Darden Restaurants, Inc. (NYSE:DRI). Guggenheim Cap Ltd Llc holds 492,153 shares or 0.11% of its portfolio. 2,762 were accumulated by Cetera Advsr Limited Liability Company. State Of Tennessee Treasury Department has 0.01% invested in Darden Restaurants, Inc. (NYSE:DRI) for 31,994 shares. Teachers Retirement System Of The State Of Kentucky reported 12,700 shares stake. Northwestern Mutual Wealth Mngmt has 0% invested in Darden Restaurants, Inc. (NYSE:DRI) for 3,718 shares. Wells Fargo & Mn holds 3.48M shares or 0.1% of its portfolio. Melvin Capital Management Limited Partnership accumulated 0.55% or 600,000 shares. 205 were accumulated by Smithfield Tru Co. Great West Life Assurance Can has 0.03% invested in Darden Restaurants, Inc. (NYSE:DRI).

Among 27 analysts covering Darden Restaurants (NYSE:DRI), 16 have Buy rating, 0 Sell and 11 Hold. Therefore 59% are positive. Darden Restaurants had 109 analyst reports since August 25, 2015 according to SRatingsIntel. BTIG Research maintained the shares of DRI in report on Wednesday, April 6 with “Buy” rating. On Tuesday, June 27 the stock rating was maintained by Jefferies with “Hold”. The stock of Darden Restaurants, Inc. (NYSE:DRI) earned “Buy” rating by Mizuho on Thursday, March 15. The rating was maintained by Bank of America with “Buy” on Monday, June 26. RBC Capital Markets maintained Darden Restaurants, Inc. (NYSE:DRI) rating on Thursday, September 21. RBC Capital Markets has “Hold” rating and $96.0 target. The stock has “Buy” rating by Oppenheimer on Thursday, March 22. The rating was maintained by Robert W. Baird with “Buy” on Tuesday, January 2. The rating was maintained by Credit Suisse with “Hold” on Wednesday, December 20. The firm has “Hold” rating by Bernstein given on Wednesday, December 20. The stock of Darden Restaurants, Inc. (NYSE:DRI) earned “Overweight” rating by Stephens on Monday, March 26.

QEP Resources, Inc. (NYSE:QEP) Institutional Positions Chart

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