Prominent Investor Pitcairn Co. Boosts Holdings in Darden Restaurants, Showing Confidence in Future Prospects

August 8, 2023

Categories: RestaurantsTags: , , Views: 30

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Darden Restaurants ($NYSE:DRI), Inc. is one of the leading full-service dining companies in the United States, owning and operating its own portfolio of restaurant brands, including Olive Garden, LongHorn Steakhouse, Cheddar’s Scratch Kitchen, and Yard House. With a long history of success and a dedication to exceptional customer service, Darden Restaurants is a well-known and respected restaurant brand. Recently, the prominent institutional investor Pitcairn Co. has demonstrated its confidence in Darden Restaurants by increasing its stake in the company’s shares. This significant move signals that Pitcairn Co. believes that the future prospects of Darden Restaurants are strong and that the company has great potential for growth.

It is encouraging to see such a well-respected investor expressing confidence in Darden Restaurants. This could be a sign that the company will continue to experience success in the future, despite current challenges. This increased stake is also indicative of the overall positive outlook for the restaurant industry and its potential for growth in the coming years.

Share Price

On Monday, Darden Restaurants saw a noticeable change in their stock, with the opening price set at $163.0 and closing at $164.8, an increase of 1.4% from prior closing price of 162.4. The additional support from an investor of this caliber is sure to give its shareholders more confidence as they look to the future. Furthermore, the gain in stock prices reflects the trust that Pitcairn Co. and other shareholders have in Darden Restaurants’ potential. Live Quote…

About the Company

  • Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for Darden Restaurants. More…

    Total Revenues Net Income Net Margin
    10.49k 981.9 9.3%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for Darden Restaurants. More…

    Operations Investing Financing
    1.55k -568.4 -1.03k
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

    Below shows the total assets, liabilities and book value per share for Darden Restaurants. More…

    Total Assets Total Liabilities Book Value Per Share
    10.24k 8.04k 18.2
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for Darden Restaurants are shown below. More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    10.3% 39.6% 11.4%
    FCF Margin ROE ROA
    9.1% 35.1% 7.3%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items
  • Analysis

    At GoodWhale, we recently conducted an analysis of DARDEN RESTAURANTS‘ wellbeing. Based on our Risk Rating system, DARDEN RESTAURANTS is a low risk investment in terms of financial and business aspects. That being said, there are two risk warnings that our system have detected in the income and balance sheet of DARDEN RESTAURANTS. If you would like to see for yourself, simply register with us and we’ll give you access to our report. We understand that managing risk is an important part of making an investment decision, and we are here to help you make the best decision possible. Our team is here to provide you with the information and data you need to make the best decisions on your investments. Thank you for considering GoodWhale for your investment needs. More…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis

  • Peers

    Darden Restaurants Inc. is an American multi-brand restaurant operator. Headquartered in Orlando, Florida, Darden owns several casual dining restaurant chains including Olive Garden, LongHorn Steakhouse, Cheddar’s Scratch Kitchen, Yard House, The Capital Grille, and Bahama Breeze. Darden has more than 1,700 restaurants across the United States and Canada. Max’s Group Inc., Del Taco Restaurants Inc., Skylark Holdings Co Ltd are all competitors of Darden Restaurants Inc.

    – Max’s Group Inc ($PSE:MAXS)

    Max’s Group Inc is a holding company that operates in the Philippines through its subsidiaries. The company’s businesses include restaurants, food manufacturing, and property development. As of 2022, Max’s Group Inc has a market cap of 3.4B and a ROE of 10.63%. The company’s restaurant business is the largest contributor to its revenue, followed by food manufacturing and property development.

    – Del Taco Restaurants Inc ($TSE:3197)

    Skylark Holdings Co Ltd is a Japanese conglomerate with a market cap of 360.59B as of 2022. The company has a Return on Equity of 7.47%. Skylark Holdings is engaged in the restaurant business, the retail business, and the real estate business. The company operates through its subsidiaries, which include Skylark Dining Co., Ltd., Skylark Retail Co., Ltd., and Skylark Real Estate Co., Ltd.


    Pitcairn Co., an institutional investor, has taken a confident stance in investing in Darden Restaurants, Inc. by increasing their holdings. This move reflects the investor’s positive outlook on the restaurant chain’s future prospects. The increased investment signals strong confidence in Darden’s long-term growth and financial health, as well as its ability to capitalize on the current economic climate. With Pitcairn’s recent activity, Darden appears to be well-positioned for further success in the future.

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