Darden Restaurants (DRI) Receiving Somewhat Positive News Coverage, Study Shows
News headlines about Darden Restaurants (NYSE:DRI) have trended somewhat positive on Saturday, according to Accern Sentiment Analysis. The research firm ranks the sentiment of media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Darden Restaurants earned a media sentiment score of 0.19 on Accern’s scale. Accern also assigned news coverage about the restaurant operator an impact score of 47.4233468286364 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the news articles that may have effected Accern’s scoring:
- Darden Restaurants, Inc. (DRI) Expected to Post Earnings of $0.70 Per Share (americanbankingnews.com)
- What Are Analysts Recommending for Darden? (finance.yahoo.com)
- How Does Darden’s Valuation Multiple Compare with Peers? (finance.yahoo.com)
- Why Analysts Are Expecting Darden’s Revenue to Rise (finance.yahoo.com)
- Will Darden’s Earnings per Share Rise in Fiscal 2Q18? (finance.yahoo.com)
Shares of Darden Restaurants (NYSE:DRI) traded up $1.45 during mid-day trading on Friday, hitting $88.41. The company had a trading volume of 2,894,970 shares, compared to its average volume of 1,493,301. The company has a current ratio of 0.38, a quick ratio of 0.24 and a debt-to-equity ratio of 0.45. Darden Restaurants has a twelve month low of $71.01 and a twelve month high of $95.22. The company has a market cap of $10,754.63, a P/E ratio of 21.06, a P/E/G ratio of 1.90 and a beta of 0.22.
Darden Restaurants (NYSE:DRI) last announced its quarterly earnings data on Tuesday, September 26th. The restaurant operator reported $0.99 earnings per share for the quarter, hitting the consensus estimate of $0.99. Darden Restaurants had a return on equity of 26.06% and a net margin of 6.60%. The business had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.93 billion. During the same period in the prior year, the company earned $0.88 EPS. Darden Restaurants’s revenue for the quarter was up 12.9% on a year-over-year basis. analysts anticipate that Darden Restaurants will post 4.44 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Wednesday, January 10th will be given a $0.63 dividend. The ex-dividend date of this dividend is Tuesday, January 9th. This represents a $2.52 annualized dividend and a yield of 2.85%. Darden Restaurants’s dividend payout ratio is presently 65.12%.
A number of research firms have recently weighed in on DRI. BidaskClub upgraded Darden Restaurants from a “sell” rating to a “hold” rating in a research report on Friday, August 18th. Stephens reiterated an “equal weight” rating and set a $95.00 target price on shares of Darden Restaurants in a research report on Tuesday, September 26th. Oppenheimer reiterated a “buy” rating and set a $100.00 target price on shares of Darden Restaurants in a research report on Wednesday, September 20th. Jefferies Group reiterated a “hold” rating and set a $82.00 target price (down from $90.00) on shares of Darden Restaurants in a research report on Wednesday, September 27th. Finally, Zacks Investment Research upgraded Darden Restaurants from a “hold” rating to a “buy” rating and set a $94.00 target price for the company in a research report on Friday, September 22nd. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and nine have issued a buy rating to the company’s stock. Darden Restaurants has a consensus rating of “Hold” and an average target price of $88.91.
Darden Restaurants Company Profile
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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