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Meridian Wealth Management LLC Makes New $2.40 Million Investment in Darden Restaurants, Inc. $DRI
Meridian Wealth Management LLC has initiated a new position in Darden Restaurants, acquiring 13,062 shares valued at approximately $2.4 million in the fourth quarter. This comes as Darden reported solid quarterly results, with earnings of $2.95 per share and revenue up 5.9% year-over-year to $3.35 billion, slightly exceeding analyst expectations. The company also declared a quarterly dividend of $1.50 per share, contributing to a 3.0% annualized yield, and analysts currently maintain a “Moderate Buy” rating with a consensus price target of $226.24.