American International Group Trimmed By $26.81 Million Its Darden Restaurants (DRI) Holding; Shorts at FREENET AG ORDINARY SHARES NAMEN-AKT FE (FRTAF) Raised By 12.25%

May 19, 2018 - By Peter Erickson

Darden Restaurants, Inc. (NYSE:DRI) Logo

American International Group Inc decreased Darden Restaurants Inc (DRI) stake by 4.52% reported in 2017Q4 SEC filing. American International Group Inc sold 279,258 shares as Darden Restaurants Inc (DRI)’s stock declined 12.63%. The American International Group Inc holds 5.91 million shares with $567.01M value, down from 6.18 million last quarter. Darden Restaurants Inc now has $10.53 billion valuation. The stock decreased 1.02% or $0.88 during the last trading session, reaching $85.06. About 1.75 million shares traded or 6.99% up from the average. Darden Restaurants, Inc. (NYSE:DRI) has risen 11.43% since May 19, 2017 and is uptrending. It has underperformed by 0.12% the S&P500.

FREENET AG ORDINARY SHARES NAMEN-AKT FE (OTCMKTS:FRTAF) had an increase of 12.25% in short interest. FRTAF’s SI was 285,800 shares in May as released by FINRA. Its up 12.25% from 254,600 shares previously. It closed at $30.4 lastly. It is down 0.00% since May 19, 2017 and is . It has underperformed by 11.55% the S&P500.

Analysts await Darden Restaurants, Inc. (NYSE:DRI) to report earnings on June, 26. They expect $1.35 earnings per share, up 14.41% or $0.17 from last year’s $1.18 per share. DRI’s profit will be $167.12 million for 15.75 P/E if the $1.35 EPS becomes a reality. After $1.71 actual earnings per share reported by Darden Restaurants, Inc. for the previous quarter, Wall Street now forecasts -21.05% negative EPS growth.

American International Group Inc increased Unum Group (NYSE:UNM) stake by 9,625 shares to 76,913 valued at $4.22M in 2017Q4. It also upped Palo Alto Networks Inc (NYSE:PANW) stake by 2,110 shares and now owns 3,558 shares. Mastercard Inc A (NYSE:MA) was raised too.

Since January 10, 2018, it had 0 buys, and 3 sales for $7.25 million activity. Cardenas Ricardo sold $1.05M worth of stock or 10,783 shares. $417,315 worth of Darden Restaurants, Inc. (NYSE:DRI) was sold by Milanes Douglas J. on Wednesday, January 10. LEE EUGENE I JR sold $5.79M worth of stock or 59,783 shares.

Among 27 analysts covering Darden Restaurants (NYSE:DRI), 17 have Buy rating, 0 Sell and 10 Hold. Therefore 63% are positive. Darden Restaurants had 111 analyst reports since August 25, 2015 according to SRatingsIntel. On Tuesday, August 25 the stock rating was downgraded by Zacks to “Strong-Buy”. The firm earned “Hold” rating on Friday, January 12 by BMO Capital Markets. As per Friday, December 16, the company rating was downgraded by Deutsche Bank. Jefferies maintained it with “Hold” rating and $82.0 target in Tuesday, September 26 report. As per Wednesday, March 29, the company rating was downgraded by BTIG Research. The firm earned “Hold” rating on Wednesday, September 27 by BMO Capital Markets. The rating was upgraded by Maxim Group to “Buy” on Monday, October 19. Robert W. Baird maintained the shares of DRI in report on Wednesday, December 20 with “Buy” rating. The rating was upgraded by Guggenheim to “Buy” on Thursday, December 1. As per Thursday, March 22, the company rating was maintained by Oppenheimer.

Investors sentiment decreased to 0.88 in 2017 Q4. Its down 0.08, from 0.96 in 2017Q3. It worsened, 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. Peddock Advsrs Ltd Limited Liability Company holds 9,685 shares or 0.47% of its portfolio. Mitsubishi Ufj Trust Bk reported 0.06% of its portfolio in Darden Restaurants, Inc. (NYSE:DRI). First National Bank & Trust invested 0.2% of its portfolio in Darden Restaurants, Inc. (NYSE:DRI). Amica Retiree Tru has invested 0.05% in Darden Restaurants, Inc. (NYSE:DRI). Ubs Oconnor Ltd Liability Com owns 0.08% invested in Darden Restaurants, Inc. (NYSE:DRI) for 27,387 shares. Dekabank Deutsche Girozentrale reported 0.14% of its portfolio in Darden Restaurants, Inc. (NYSE:DRI). First City Management has invested 0.49% in Darden Restaurants, Inc. (NYSE:DRI). Great West Life Assurance Co Can reported 119,851 shares stake. Checchi Cap Advisers Limited Com has 0.03% invested in Darden Restaurants, Inc. (NYSE:DRI) for 2,413 shares. Cipher Capital LP has 0.54% invested in Darden Restaurants, Inc. (NYSE:DRI) for 71,186 shares. Commonwealth Bancshares Of Australia reported 16,149 shares. Lyons Wealth Mngmt Ltd Liability Corporation owns 8,357 shares for 1.31% of their portfolio. Choate Inv Advisors owns 13,745 shares. Westport Asset Mgmt Inc holds 40,000 shares or 2.38% of its portfolio. Ruggie Cap Gru reported 0.01% in Darden Restaurants, Inc. (NYSE:DRI).

Darden Restaurants, Inc. (NYSE:DRI) Institutional Positions Chart

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