Assenagon Asset Management S.A. Sells 63,359 Shares of Darden Restaurants, Inc. $DRI

Assenagon Asset Management S.A. significantly reduced its stake in Darden Restaurants, Inc. (NYSE:DRI) by selling 63,359 shares in Q4, retaining 26,319 shares valued at $4.843 million. Despite this, institutional ownership remains high, and analysts maintain a “Moderate Buy” rating with a consensus target price of $226.24. Darden recently exceeded quarterly earnings expectations, increased revenue, and declared a quarterly dividend of $1.50 per share.

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