Stephens Ups Darden (DRI); Endurant Capital Management LP Has Cut By $1.02 Million Its Amerisourcebergen (ABC) Position

Among 27 analysts covering Darden Restaurants (NYSE:DRI), 13 have Buy rating, 0 Sell and 14 Hold. Therefore 48% are positive. Darden Restaurants has $116.0 highest and $50 lowest target. $94.88’s average target is 12.62% above currents $84.25 stock price. Darden Restaurants had 106 analyst reports since August 25, 2015 according to SRatingsIntel. The rating was maintained by Oppenheimer on Thursday, December 14 with “Buy”. On Thursday, October 8 the stock rating was initiated by Suntrust Robinson with “Neutral”. The stock has “Buy” rating by Canaccord Genuity on Tuesday, June 27. As per Friday, January 12, the company rating was maintained by BMO Capital Markets. As per Wednesday, November 11, the company rating was maintained by Maxim Group. The stock of Darden Restaurants, Inc. (NYSE:DRI) has “Buy” rating given on Wednesday, April 6 by BTIG Research. The firm has “Hold” rating by Wells Fargo given on Tuesday, December 19. The firm earned “Buy” rating on Thursday, December 21 by Argus Research. On Monday, December 11 the stock rating was maintained by SunTrust with “Hold”. The rating was initiated by Maxim Group on Wednesday, September 30 with “Hold”.

Endurant Capital Management Lp decreased Amerisourcebergen Corp (ABC) stake by 26.87% reported in 2017Q3 SEC filing. Endurant Capital Management Lp sold 12,400 shares as Amerisourcebergen Corp (ABC)’s stock declined 1.76%. The Endurant Capital Management Lp holds 33,740 shares with $2.79 million value, down from 46,140 last quarter. Amerisourcebergen Corp now has $18.46 billion valuation. The stock decreased 1.14% or $0.97 during the last trading session, reaching $84.03. About 1.63 million shares traded. AmerisourceBergen Corporation (NYSE:ABC) has risen 18.80% since March 26, 2017 and is uptrending. It has outperformed by 2.10% the S&P500.

Investors sentiment decreased to 0.88 in Q3 2017. Its down 0.08, from 0.96 in 2017Q2. It dropped, 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. Canada Pension Plan Invest Board stated it has 10 shares. Clinton Inc, New York-based fund reported 43,865 shares. Bessemer Gru has invested 0.18% in Darden Restaurants, Inc. (NYSE:DRI). Principal Fincl accumulated 223,931 shares or 0.02% of the stock. State Of Wisconsin Board reported 0.06% stake. Moreover, Stifel has 0.02% invested in Darden Restaurants, Inc. (NYSE:DRI). Vaughan David Investments Inc Il holds 6,450 shares or 0.02% of its portfolio. Us Bank De holds 178,018 shares. 192,166 were reported by Riverhead Capital Mgmt Limited Liability. 538 were reported by Hanseatic Incorporated. Ruggie Cap Gp holds 0% of its portfolio in Darden Restaurants, Inc. (NYSE:DRI) for 95 shares. 2,586 were reported by Bb&T Corporation. Fmr Ltd Company reported 2.50M shares. Royal Bancshares Of Canada owns 78,222 shares. Next Grp Incorporated holds 0.01% or 265 shares in its portfolio.

Darden Restaurants, Inc., through its subsidiaries, owns and operates full-service restaurants in the United States and Canada. The company has market cap of $10.41 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 21.6 P/E ratio.

The stock decreased 1.97% or $1.69 during the last trading session, reaching $84.25. About 2.72M shares traded or 73.49% up from the average. Darden Restaurants, Inc. (NYSE:DRI) has risen 31.96% since March 26, 2017 and is uptrending. It has outperformed by 15.26% the S&P500.

Since January 10, 2018, it had 0 insider buys, and 3 selling transactions for $7.25 million activity. $1.05M worth of Darden Restaurants, Inc. (NYSE:DRI) shares were sold by Cardenas Ricardo. Another trade for 59,783 shares valued at $5.79M was sold by LEE EUGENE I JR. 4,300 shares were sold by Milanes Douglas J., worth $417,315 on Wednesday, January 10.

Endurant Capital Management Lp increased Cigna Corporation (NYSE:CI) stake by 9,300 shares to 16,700 valued at $3.12M in 2017Q3. It also upped Shire Plc (NASDAQ:SHPG) stake by 2,300 shares and now owns 55,296 shares. Portola Pharmaceuticals Inc (NASDAQ:PTLA) was raised too.

Analysts await AmerisourceBergen Corporation (NYSE:ABC) to report earnings on May, 3. They expect $1.81 EPS, up 2.26% or $0.04 from last year’s $1.77 per share. ABC’s profit will be $397.61 million for 11.61 P/E if the $1.81 EPS becomes a reality. After $1.55 actual EPS reported by AmerisourceBergen Corporation for the previous quarter, Wall Street now forecasts 16.77% EPS growth.