Commerce Bank Cut Darden Restaurants (DRI) Stake By $366,840; Loeb Partners Increased Its Jpmorgan Chase & Co (JPM) Stake

November 15, 2017 - By Maria Brooks

Commerce Bank decreased Darden Restaurants Inc (DRI) stake by 7.01% reported in 2017Q2 SEC filing. Commerce Bank sold 4,076 shares as Darden Restaurants Inc (DRI)’s stock rose 13.33%. The Commerce Bank holds 54,040 shares with $4.89M value, down from 58,116 last quarter. Darden Restaurants Inc now has $10.25B valuation. The stock decreased 0.01% or $0.01 during the last trading session, reaching $82.85. About shares traded. Darden Restaurants, Inc. (NYSE:DRI) has risen 31.96% since November 15, 2016 and is uptrending. It has outperformed by 15.26% the S&P500.

Loeb Partners Corporation increased Jpmorgan Chase & Co (JPM) stake by 11.7% reported in 2017Q2 SEC filing. Loeb Partners Corporation acquired 10,000 shares as Jpmorgan Chase & Co (JPM)’s stock declined 6.04%. The Loeb Partners Corporation holds 95,500 shares with $8.73 million value, up from 85,500 last quarter. Jpmorgan Chase & Co now has $337.50 billion valuation. The stock decreased 0.58% or $0.57 during the last trading session, reaching $97.27. About shares traded. JPMorgan Chase & Co. (NYSE:JPM) has risen 33.74% since November 15, 2016 and is uptrending. It has outperformed by 17.04% the S&P500.

Commerce Bank increased Wells Fargo Co New (NYSE:WFC) stake by 14,210 shares to 1.28 million valued at $70.71 million in 2017Q2. It also upped Sysco Corp (NYSE:SYY) stake by 15,468 shares and now owns 84,964 shares. Dow Chem Co (NYSE:DOW) was raised too.

Analysts await Darden Restaurants, Inc. (NYSE:DRI) to report earnings on December, 19. They expect $0.69 EPS, up 7.81% or $0.05 from last year’s $0.64 per share. DRI’s profit will be $85.37 million for 30.02 P/E if the $0.69 EPS becomes a reality. After $0.99 actual EPS reported by Darden Restaurants, Inc. for the previous quarter, Wall Street now forecasts -30.30% negative EPS growth.

Among 26 analysts covering Darden Restaurants (NYSE:DRI), 11 have Buy rating, 0 Sell and 15 Hold. Therefore 42% are positive. Darden Restaurants has $10200 highest and $50 lowest target. $84.43’s average target is 1.91% above currents $82.85 stock price. Darden Restaurants had 74 analyst reports since August 25, 2015 according to SRatingsIntel. The stock has “Overweight” rating by Barclays Capital on Wednesday, April 6. The stock has “Buy” rating by Maxim Group on Wednesday, November 11. Oppenheimer maintained Darden Restaurants, Inc. (NYSE:DRI) on Wednesday, September 20 with “Buy” rating. Wells Fargo downgraded Darden Restaurants, Inc. (NYSE:DRI) on Wednesday, July 13 to “Underperform” rating. The firm has “Buy” rating given on Monday, June 26 by Oppenheimer. The firm has “Hold” rating given on Wednesday, September 27 by BMO Capital Markets. Maxim Group upgraded the stock to “Buy” rating in Wednesday, September 27 report. The stock has “Hold” rating by Maxim Group on Tuesday, June 27. On Wednesday, September 27 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. The stock of Darden Restaurants, Inc. (NYSE:DRI) earned “Hold” rating by BMO Capital Markets on Thursday, June 22.

Investors sentiment decreased to 0.95 in 2017 Q2. Its down 0.19, from 1.14 in 2017Q1. It turned negative, as 46 investors sold DRI shares while 190 reduced holdings. 78 funds opened positions while 147 raised stakes. 106.87 million shares or 5.23% less from 112.77 million shares in 2017Q1 were reported. Metropolitan Life Ins New York accumulated 65,137 shares. Tokio Marine Asset Mngmt invested 0.38% of its portfolio in Darden Restaurants, Inc. (NYSE:DRI). Lee Danner And Bass reported 0.07% stake. Citadel holds 64,334 shares or 0% of its portfolio. Ngam Advsr LP reported 13,633 shares or 0.01% of all its holdings. Howland Mgmt Ltd Liability Corp invested in 0.04% or 5,593 shares. Yorktown Mngmt And Rech stated it has 0.1% in Darden Restaurants, Inc. (NYSE:DRI). Wellington Mgmt Group Incorporated Ltd Liability Partnership owns 328,132 shares. Northwestern Mutual Wealth Management Co stated it has 0% in Darden Restaurants, Inc. (NYSE:DRI). Teacher Retirement Sys Of Texas has 69,990 shares. Axa invested in 654,700 shares or 0.27% of the stock. Fred Alger Mngmt has invested 0.01% of its portfolio in Darden Restaurants, Inc. (NYSE:DRI). Wells Fargo And Mn owns 3.24M shares for 0.09% of their portfolio. 3,370 are held by Iab Fincl Bank. Exxonmobil Investment Mngmt Tx owns 23,873 shares.

Among 32 analysts covering JPMorgan Chase & Co (NYSE:JPM), 17 have Buy rating, 2 Sell and 13 Hold. Therefore 53% are positive. JPMorgan Chase & Co had 86 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Outperform” rating by CLSA given on Tuesday, August 25. The company was downgraded on Monday, January 25 by Nomura. Oppenheimer maintained JPMorgan Chase & Co. (NYSE:JPM) on Friday, July 14 with “Hold” rating. The firm earned “Outperform” rating on Monday, August 17 by Bruyette & Woods”. As per Wednesday, November 9, the company rating was downgraded by Robert W. Baird. The firm has “Buy” rating by RBC Capital Markets given on Monday, July 17. Citigroup maintained it with “Neutral” rating and $96 target in Friday, October 6 report. The rating was initiated by Berenberg on Wednesday, July 13 with “Sell”. Jefferies maintained JPMorgan Chase & Co. (NYSE:JPM) on Wednesday, February 24 with “Buy” rating. Nomura maintained the shares of JPM in report on Wednesday, September 7 with “Neutral” rating.

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By1 Maria Brooks




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