Darden Restaurants (DRI) Receives Daily News Sentiment Score of 0.23
News coverage about Darden Restaurants (NYSE:DRI) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies positive and negative press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Darden Restaurants earned a coverage optimism score of 0.23 on Accern’s scale. Accern also assigned news stories about the restaurant operator an impact score of 46.4279714409677 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the media headlines that may have impacted Accern Sentiment’s analysis:
- Darden Restaurants, Inc. breached its 50 day moving average in a Bearish Manner : DRI-US : November 22, 2017 (finance.yahoo.com)
- Darden Restaurants, Inc. (DRI) Smart Institutional Ownership of 94.60% – also Regency Centers Corporation (REG … – Wallstreet Investorplace (wallstreetinvestorplace.com)
- QEP Resources, Inc., (NYSE: QEP), Darden Restaurants, Inc., (NYSE: DRI), Fortuna Silver Mines Inc., (NYSE: FSM … – Stocks In The News (press release) (tradingnewsnow.com)
- Darden Restaurants: Delicious Dividends – Seeking Alpha (seekingalpha.com)
- Darden Restaurants, Inc. (DRI) Given Consensus Recommendation of “Hold” by Analysts (americanbankingnews.com)
A number of analysts have recently commented on DRI shares. Canaccord Genuity restated a “buy” rating and set a $97.00 target price on shares of Darden Restaurants in a report on Wednesday, September 27th. ValuEngine upgraded shares of Darden Restaurants from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Zacks Investment Research upgraded shares of Darden Restaurants from a “hold” rating to a “buy” rating and set a $94.00 target price on the stock in a report on Friday, September 22nd. Oppenheimer Holdings, Inc. restated a “buy” rating and set a $100.00 target price on shares of Darden Restaurants in a report on Wednesday, September 20th. Finally, Maxim Group upgraded shares of Darden Restaurants from a “hold” rating to a “buy” rating and boosted their target price for the company from $90.00 to $93.00 in a report on Wednesday, September 27th. One equities research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and nine have issued a buy rating to the company. Darden Restaurants currently has a consensus rating of “Hold” and a consensus price target of $87.59.
Darden Restaurants (DRI) traded down $0.57 during midday trading on Wednesday, hitting $79.76. 1,554,027 shares of the stock traded hands, compared to its average volume of 1,605,276. Darden Restaurants has a 12-month low of $71.01 and a 12-month high of $95.22. The stock has a market cap of $9,860.00, a price-to-earnings ratio of 19.92, a P/E/G ratio of 1.80 and a beta of 0.22. The company has a quick ratio of 0.24, a current ratio of 0.38 and a debt-to-equity ratio of 0.45.
Darden Restaurants (NYSE:DRI) last announced its quarterly earnings data on Tuesday, September 26th. The restaurant operator reported $0.99 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.99. The company had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.93 billion. Darden Restaurants had a return on equity of 26.06% and a net margin of 6.60%. The firm’s revenue was up 12.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.88 EPS. analysts forecast that Darden Restaurants will post 4.43 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 1st. Investors of record on Tuesday, October 10th were paid a dividend of $0.63 per share. The ex-dividend date of this dividend was Friday, October 6th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 3.16%. Darden Restaurants’s dividend payout ratio (DPR) is presently 64.62%.
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About Darden Restaurants
Darden Restaurants, Inc is a full-service restaurant company. The Company owned and operated 1,536 restaurants through its subsidiaries in the United States and Canada, as of May 29, 2016. The Company’s segments include Olive Garden, LongHorn Steakhouse, Fine Dining (which includes The Capital Grille, and Eddie V’s Prime Seafood and Wildfish Seafood Grille (Eddie V’s)) and Other Business (which includes Yard House, Seasons 52, Bahama Breeze, consumer-packaged goods and franchise revenues).
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