Stonebrook Private Inc. increased its stake in Darden Restaurants, while Q2 earnings per share rose 4% and institutional ownership reached 93.64%.
Stonebrook Private Inc. raised its stake in Darden Restaurants, Inc. by 9.6%, holding 13,830 shares valued at $2.09 million. Other institutional investors also increased their stakes, leading to 93.64% institutional ownership. Darden's Q2 earnings per share rose 4% to $2.65, surpassing estimates. The company declared a quarterly dividend of $1.29, yielding 3.28%. Analysts maintain a consensus "Moderate Buy" rating with a price target of $170.50.
September 07, 2024
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