James Fogarty Insider Buy Transaction
The well informed man James Fogarty who is director of Darden Restaurants, Inc. (NYSE:DRI)
Darden Restaurants Inc Stock Rating, Sentiment and Fundamentals
Twenty eight big league security analysts predict that the Company will post $3.24 EPS for the fiscal year. So the company’s YOY EPS growth is forecasted to be 14.25%. This means a price to earnings ratio of 21.02.
|Rating & Sentiment|
|Hedge Funds Sentiment:||BUY|
|Earnings + FCF Trend:||BUY|
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Darden Restaurants Inc’s stock chart indicates it has soared 19.58% in the last 200 days and the strong up trend is expected to continue. Thanks to James Fogarty’s hard to miss stock trade and our trend following model as shown on the chart below, we at OctaFinance rate this stock as a “BUY”.
Price Chart of Darden Restaurants NYSE:DRI Stock
Source: RightEdgeSystems, Yahoo Split & Dividend Adjusted Data and OctaFinance Interpretations
Scott Bessent, a well-known stock market trader, said that money is best made through a mix of fundamental and technical analysis. The purchase, dated 28/09/2015, is recorded on a document filed with the D.C. based-SEC and is also freely accessible here.
Hedge Funds Ownership
SEC filings showed that, 518 hedge funds and other institutions own Darden Restaurants Inc. In Q2 2015, the company in focus had 81.40% institutional ownership. That is an extremely high interest. Its down 1.27% from Q1 2015. These owners decreased the total shares they own by 1.33 million to 103.13 million this quarter. A total of 69 funds opened new positions in Darden Restaurants Inc and 186 increased their holdings. There were 31 funds that closed their positions and 182 that reduced them.
Amongst these, nine have Darden Restaurants Inc in their Top 10. Some of them are: Breton Hill Capital Ltd., Gilman Hill Asset Management Llc, Starboard Value Lp, 13D Management Llc, C M Bidwell & Associates Ltd, Roosevelt Investment Group Inc, Wedge Capital Management L L P Nc, Visionary Asset Management Inc., Argent Capital Management Llc.
Ray Carroll’s Breton Hill Capital Ltd. had the greatest investment with ownership of 106,051 shares as of Q2 2015 for 2.03% of the fund’s portfolio. Gilman Hill Asset Management Llc is another bullish player having 78,524 shares of the company or 2.64% of their stocks portfolio. The stock is also 2.23% of the fund’s AUM. In addition Jeffrey Smith’s Starboard Value Lp have 18.65% of their stock portfolio invested in the company’s market cap for 11.64 million shares. 13D Management Llc revealed it had acquired a stake worth 4.65% of the fund’s stock portfolio in Darden Restaurants Inc. C M Bidwell & Associates Ltd is also very optimistic about the public company, with ownership of 124,830 shares or 1.98% of their stock portfolio.
Darden Restaurants NYSE:DRI Company Profile
Darden Restaurants, Inc. is a full service restaurant company. The Company owns and operates more than 1,500 restaurants. The Company’s restaurant brands include Olive Garden, LongHorn Steakhouse, Bahama Breeze, Seasons 52, The Capital Grille, Eddie V’s Prime Seafood, Wildfish Seafood Grill and Yard House. Through subsidiaries, the Company owns and operates all of its restaurants in the United States and Canada, except for three restaurants located in Florida and three restaurants in California, which are owned jointly by the Company and third parties, and managed by the Company, seven franchised restaurants in Puerto Rico and one Atlanta, Georgia airport location.
Company Website: Darden Restaurants
Darden Restaurants Inc was created in Florida on 1995-03-30. The company has 148892 employees. Now its market cap is: $8.70 billion and it has 127.73 million shares outstanding. Today it has 83.74% shareholders and the institutional ownership stands at 83.74%. The stock closed at $68.110001 yesterday and it had average 2 days volume of 609374 shares. It is up from the 30 days average shares volume of 462731. Darden Restaurants Inc has a 52weeks low of $46.70 and a 52w high of $75.58. The current price is above the 200 days SMA. Darden Restaurants Inc last issued its quarterly earnings stats on 09/22/2015. The company reported 0.68 EPS for the quarter, above the consensus estimate of 0.58 by 0.10. The company had a revenue of 1.88 billion for 5/31/2015 and 1.73 billion for 2/22/2015. Therefore, the revenue was 147.40 million up.
James Fogarty is also Chief Executive Officer of Charming Shoppes Inc, American Italian Pasta Co, director of Regis Corp, 10 percent owner of Office Depot Inc.
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