Resources Connection, Inc. (RECN) Forms $16.55 Double Top; Shorts at Darden Restaurants (DRI) Lowered By 1.24%

January 26, 2018 - By John Hoffman

Darden Restaurants Incorporated (NYSE:DRI) had a decrease of 1.24% in short interest. DRI’s SI was 8.31 million shares in January as released by FINRA. Its down 1.24% from 8.41 million shares previously. With 1.39M avg volume, 6 days are for Darden Restaurants Incorporated (NYSE:DRI)’s short sellers to cover DRI’s short positions. The stock increased 0.32% or $0.31 during the last trading session, reaching $97.86. About 985,528 shares traded. Darden Restaurants, Inc. (NYSE:DRI) has risen 31.96% since January 26, 2017 and is uptrending. It has outperformed by 15.26% the S&P500.

Resources Connection, Inc. (RECN) formed double top with $17.38 target or 5.00% above today’s $16.55 share price. Resources Connection, Inc. (RECN) has $498.62M valuation. The stock increased 1.22% or $0.2 during the last trading session, reaching $16.55. About 127,176 shares traded or 17.09% up from the average. Resources Connection, Inc. (NASDAQ:RECN) has declined 11.17% since January 26, 2017 and is downtrending. It has underperformed by 27.87% the S&P500.

Among 4 analysts covering Resources Connection Inc. (NASDAQ:RECN), 0 have Buy rating, 3 Sell and 1 Hold. Therefore 0 are positive. Resources Connection Inc. had 9 analyst reports since August 18, 2016 according to SRatingsIntel. On Thursday, October 6 the stock rating was maintained by Deutsche Bank with “Sell”. Deutsche Bank initiated the stock with “Sell” rating in Thursday, August 18 report. Robert W. Baird maintained the shares of RECN in report on Wednesday, January 3 with “Hold” rating. JP Morgan downgraded the shares of RECN in report on Thursday, January 4 to “Underweight” rating. Deutsche Bank maintained the stock with “Sell” rating in Friday, July 21 report. The stock of Resources Connection, Inc. (NASDAQ:RECN) has “Sell” rating given on Thursday, January 4 by J.P. Morgan. Robert W. Baird maintained it with “Neutral” rating and $14 target in Thursday, October 6 report. Robert W. Baird maintained it with “Hold” rating and $15.0 target in Friday, November 10 report. The firm has “Hold” rating by Robert W. Baird given on Friday, August 25.

Investors sentiment is 1.29 in 2017 Q3. Its the same as in 2017Q2. It has no change, as 3 investors sold Resources Connection, Inc. shares while 39 reduced holdings. only 21 funds opened positions while 33 raised stakes. 23.67 million shares or 1.20% less from 23.96 million shares in 2017Q2 were reported. Envestnet Asset Mngmt, a Illinois-based fund reported 79 shares. 46,296 were reported by California State Teachers Retirement Systems. 67,183 were reported by Deutsche Fincl Bank Ag. 33,381 are owned by Aviance Capital Ptnrs Ltd Liability. Ny State Common Retirement Fund stated it has 0% of its portfolio in Resources Connection, Inc. (NASDAQ:RECN). Bancshares Of America Corporation De holds 108,489 shares or 0% of its portfolio. D E Shaw & Co Inc holds 0% or 95,050 shares in its portfolio. Fisher Asset Mgmt Ltd Liability has invested 0% of its portfolio in Resources Connection, Inc. (NASDAQ:RECN). Pub Sector Pension Board holds 0% or 18,861 shares in its portfolio. New York State Teachers Retirement System has 0% invested in Resources Connection, Inc. (NASDAQ:RECN). First Quadrant Ltd Partnership Ca, a California-based fund reported 23,700 shares. Mason Street Advsr Limited Liability Com holds 7,111 shares or 0% of its portfolio. Thrivent Financial For Lutherans holds 0% or 17,110 shares in its portfolio. Prudential Fincl Inc holds 0% or 57,548 shares. Goldman Sachs Grp holds 0% or 96,745 shares in its portfolio.

Since January 10, 2018, it had 0 insider buys, and 3 insider sales for $7.25 million activity. $417,315 worth of stock was sold by Milanes Douglas J. on Wednesday, January 10. Another trade for 10,783 shares valued at $1.05 million was sold by Cardenas Ricardo. On Wednesday, January 10 the insider LEE EUGENE I JR sold $5.79 million.

Investors sentiment increased to 0.96 in Q3 2017. Its up 0.01, from 0.95 in 2017Q2. It is positive, 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. Exane Derivatives reported 30,177 shares. Numeric Llc holds 0.05% or 83,400 shares. Lyons Wealth Limited Liability Corp reported 8,550 shares. Middleton & Ma reported 3,110 shares. Regentatlantic Ltd Llc has 0.07% invested in Darden Restaurants, Inc. (NYSE:DRI) for 10,385 shares. Quantitative Inv Mgmt Lc has invested 0.07% in Darden Restaurants, Inc. (NYSE:DRI). Acropolis Investment Mngmt Limited Company holds 0.04% or 13,778 shares in its portfolio. Ar Asset Management Inc accumulated 3,000 shares. Gulf Fincl Bank (Uk) Ltd holds 38,624 shares. Pub Employees Retirement Association Of Colorado stated it has 0.01% in Darden Restaurants, Inc. (NYSE:DRI). 41,631 are owned by Livforsakringsbolaget Skandia Omsesidigt. Martingale Asset L P, Massachusetts-based fund reported 517,715 shares. Haverford Trust Company accumulated 4,811 shares. Ww Asset Management stated it has 12,299 shares or 0.03% of all its holdings. Huntington Bankshares stated it has 1,623 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 $12.10 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 25.09 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. The stock of Darden Restaurants, Inc. (NYSE:DRI) has “Hold” rating given on Friday, October 13 by Longbow. The rating was upgraded by Piper Jaffray on Tuesday, May 17 to “Overweight”. As per Wednesday, December 20, the company rating was maintained by Robert W. Baird. RBC Capital Markets maintained it with “Sector Perform” rating and $90 target in Wednesday, September 27 report. The firm earned “Hold” rating on Tuesday, December 19 by Wells Fargo. The rating was maintained by Bank of America with “Buy” on Monday, June 26. The firm earned “Hold” rating on Wednesday, December 20 by Bernstein. Argus Research upgraded the stock to “Buy” rating in Thursday, January 5 report. As per Friday, June 24, the company rating was upgraded by Tigress Financial. The rating was maintained by BMO Capital Markets with “Hold” on Wednesday, September 27.