Darden Restaurants, Inc. (DRI) Reaches $96.63 After 9.00% Up Move; Newbrook Capital Advisors LP Increased Its Electronic Arts (EA) Stake

February 15, 2018 - By Adrian Mccoy

Newbrook Capital Advisors Lp increased Electronic Arts Inc (EA) stake by 65.07% reported in 2017Q3 SEC filing. Newbrook Capital Advisors Lp acquired 247,304 shares as Electronic Arts Inc (EA)’s stock rose 23.30%. The Newbrook Capital Advisors Lp holds 627,344 shares with $74.06M value, up from 380,040 last quarter. Electronic Arts Inc now has $38.07B valuation. The stock increased 0.28% or $0.35 during the last trading session, reaching $124.12. About 759,379 shares traded. Electronic Arts Inc. (NASDAQ:EA) has risen 46.45% since February 15, 2017 and is uptrending. It has outperformed by 29.75% the S&P500.

The stock of Darden Restaurants, Inc. (NYSE:DRI) is a huge mover today! The stock increased 1.06% or $1.015 during the last trading session, reaching $96.625. About 709,373 shares traded. Darden Restaurants, Inc. (NYSE:DRI) has risen 31.96% since February 15, 2017 and is uptrending. It has outperformed by 15.26% the S&P500.The move comes after 6 months positive chart setup for the $11.94B company. It was reported on Feb, 15 by Barchart.com. We have $105.32 PT which if reached, will make NYSE:DRI worth $1.07 billion more.

Among 27 analysts covering Electronic Arts (NASDAQ:EA), 24 have Buy rating, 0 Sell and 3 Hold. Therefore 89% are positive. Electronic Arts had 92 analyst reports since July 28, 2015 according to SRatingsIntel. On Thursday, September 7 the stock rating was maintained by BMO Capital Markets with “Hold”. The company was maintained on Wednesday, January 31 by Barclays Capital. The stock has “Hold” rating by Morgan Stanley on Friday, January 12. As per Friday, August 25, the company rating was maintained by KeyBanc Capital Markets. The rating was maintained by Benchmark with “Buy” on Thursday, December 8. The company was maintained on Thursday, November 2 by BMO Capital Markets. The stock of Electronic Arts Inc. (NASDAQ:EA) has “Buy” rating given on Wednesday, January 31 by Credit Suisse. The company was maintained on Monday, July 27 by M Partners. As per Wednesday, January 31, the company rating was maintained by Bernstein. On Monday, July 31 the stock rating was maintained by BMO Capital Markets with “Hold”.

Since August 16, 2017, it had 0 insider purchases, and 28 insider sales for $21.13 million activity. The insider Jorgensen Blake J sold $1.17M. Shares for $120,770 were sold by Schatz Jacob J. on Wednesday, September 20. Soderlund Patrick sold 5,000 shares worth $641,514. 1,500 shares were sold by Bruzzo Chris, worth $179,303. Singh Vijayanthimala sold $21,040 worth of Electronic Arts Inc. (NASDAQ:EA) on Thursday, December 14. Another trade for 750 shares valued at $95,987 was sold by Miele Laura. 55,850 shares were sold by PROBST LAWRENCE F III, worth $6.77 million on Wednesday, August 30.

Investors sentiment increased to 1.15 in 2017 Q3. Its up 0.12, from 1.03 in 2017Q2. It improved, as 35 investors sold EA shares while 217 reduced holdings. 72 funds opened positions while 218 raised stakes. 281.04 million shares or 1.59% less from 285.59 million shares in 2017Q2 were reported. Fiera Capital, Quebec – Canada-based fund reported 16,439 shares. Arrow, a New York-based fund reported 70 shares. Waddell And Reed Financial stated it has 1.12% of its portfolio in Electronic Arts Inc. (NASDAQ:EA). Manning Napier Lc owns 1.47 million shares or 1.48% of their US portfolio. Baring Asset Mngmt accumulated 0.09% or 13,694 shares. Security Trust owns 200 shares or 0.01% of their US portfolio. Credit Agricole S A reported 156,798 shares. 10 are owned by Valley Advisers. Palisade Cap Mgmt Ltd Nj accumulated 0.05% or 10,800 shares. Twin Cap Mngmt Inc reported 87,560 shares. Gotham Asset Mngmt Ltd Liability owns 407,382 shares. Moreover, Jasper Ridge Prtn Lp has 0.08% invested in Electronic Arts Inc. (NASDAQ:EA) for 13,896 shares. Coastline Trust Co has 23,230 shares for 0.48% of their portfolio. Savings Bank Of Hawaii accumulated 0.09% or 8,640 shares. Arrowstreet Limited Partnership holds 821,849 shares.

Since January 10, 2018, it had 0 insider purchases, and 3 sales for $7.25 million activity. LEE EUGENE I JR sold $5.79 million worth of Darden Restaurants, Inc. (NYSE:DRI) on Wednesday, January 10. Another trade for 4,300 shares valued at $417,315 was made by Milanes Douglas J. on Wednesday, January 10. Cardenas Ricardo had sold 10,783 shares worth $1.05 million.

Investors sentiment increased to 0.96 in 2017 Q3. Its up 0.01, from 0.95 in 2017Q2. It improved, as 55 investors sold Darden Restaurants, Inc. shares while 169 reduced holdings. 56 funds opened positions while 160 raised stakes. 108.03 million shares or 1.09% more from 106.87 million shares in 2017Q2 were reported. Bowling Port Mgmt Limited Liability Com has invested 0.44% in Darden Restaurants, Inc. (NYSE:DRI). Palouse Capital Management Inc has invested 1.18% in Darden Restaurants, Inc. (NYSE:DRI). Chevy Chase holds 0.04% of its portfolio in Darden Restaurants, Inc. (NYSE:DRI) for 113,427 shares. 68,416 were reported by Piedmont Inv Advisors. Sun Life Financial, a Ontario – Canada-based fund reported 920 shares. Alpha Windward Ltd Liability Com owns 5,520 shares. D E Shaw Company Inc reported 5,434 shares or 0% of all its holdings. Royal Bancorporation Of Canada holds 78,222 shares. Dixon Hubard Feinour Brown Va owns 0.07% invested in Darden Restaurants, Inc. (NYSE:DRI) for 3,018 shares. Columbus Circle Invsts has invested 0.18% in Darden Restaurants, Inc. (NYSE:DRI). Cetera Lc invested 0.01% in Darden Restaurants, Inc. (NYSE:DRI). Hightower Advisors Lc reported 0.01% in Darden Restaurants, Inc. (NYSE:DRI). 12,338 were accumulated by Janney Montgomery Scott Limited Liability Corporation. 1.06 million are owned by Schwab Charles Mngmt Incorporated. Boys Arnold & reported 10,300 shares.

Darden Restaurants, Inc., through its subsidiaries, owns and operates full-service restaurants in the United States and Canada. The company has market cap of $11.94 billion. As of June 27, 2017, it owned and operated approximately 1,700 restaurants under the Olive Garden, LongHorn Steakhouse, Cheddar's Scratch Kitchen, Yard House, The Capital Grille, Seasons 52, Bahama Breeze, and Eddie V's brands. It has a 24.77 P/E ratio.

Among 26 analysts covering Darden Restaurants (NYSE:DRI), 12 have Buy rating, 0 Sell and 14 Hold. Therefore 46% are positive. Darden Restaurants had 97 analyst reports since August 25, 2015 according to SRatingsIntel. BMO Capital Markets maintained the stock with “Hold” rating in Thursday, June 22 report. Bernstein initiated the stock with “Market Perform” rating in Thursday, May 26 report. The stock has “Buy” rating by Oppenheimer on Thursday, July 20. SunTrust maintained Darden Restaurants, Inc. (NYSE:DRI) rating on Tuesday, January 2. SunTrust has “Hold” rating and $109.0 target. Maxim Group maintained Darden Restaurants, Inc. (NYSE:DRI) on Tuesday, June 27 with “Hold” rating. On Monday, September 11 the stock rating was maintained by Jefferies with “Hold”. The rating was maintained by Barclays Capital on Tuesday, January 16 with “Buy”. On Friday, January 29 the stock rating was downgraded by Raymond James to “Underperform”. Oppenheimer maintained it with “Buy” rating and $10000 target in Monday, June 26 report. Stifel Nicolaus maintained the stock with “Sell” rating in Monday, October 3 report.

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