News headlines about Darden Restaurants (NYSE:DRI) have trended somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Darden Restaurants earned a daily sentiment score of 0.23 on Accern’s scale. Accern also gave news headlines about the restaurant operator an impact score of 46.0139340068313 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the news headlines that may have effected Accern’s scoring:
- Sells 64 Shares of Darden Restaurants, Inc. (DRI) (lazeresportes.com)
- Analysts Anticipate Darden Restaurants, Inc (overnewsmagazine.com)
- Spot Trading Has Increased Darden Restaurants (Call) (DRI) Holding; Generac Holdings Inc. (GNRC) Had 0 Bullish Analysts (whatsonthorold.com)
- Darden Restaurants, Inc. (DRI) Downgraded by BidaskClub to Hold (campdesrecrues.com)
- Brinker (EAT) Stock Gains on Q4 Earnings & Revenue Beat (finance.yahoo.com)
Darden Restaurants (DRI) traded up 0.98% during trading on Friday, reaching $83.34. 1,116,200 shares of the company’s stock traded hands. Darden Restaurants has a 12 month low of $60.16 and a 12 month high of $95.22. The company has a 50-day moving average of $87.37 and a 200 day moving average of $83.18. The stock has a market capitalization of $10.45 billion, a P/E ratio of 21.91 and a beta of 0.27.
Darden Restaurants (NYSE:DRI) last posted its quarterly earnings data on Tuesday, June 27th. The restaurant operator reported $1.18 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.15 by $0.03. The firm had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.86 billion. Darden Restaurants had a return on equity of 26.18% and a net margin of 6.68%. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.10 EPS. On average, equities research analysts expect that Darden Restaurants will post $4.47 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 1st. Shareholders of record on Monday, July 10th were issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 3.02%. The ex-dividend date was Thursday, July 6th. This is an increase from Darden Restaurants’s previous quarterly dividend of $0.56. Darden Restaurants’s payout ratio is presently 66.14%.
DRI has been the topic of a number of recent research reports. Robert W. Baird restated a “neutral” rating and set a $94.00 price target (up from $90.00) on shares of Darden Restaurants in a research report on Wednesday, June 28th. Raymond James Financial, Inc. reiterated a “market perform” rating on shares of Darden Restaurants in a report on Monday, July 24th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $96.00 target price (up from $86.00) on shares of Darden Restaurants in a report on Tuesday, June 27th. Deutsche Bank AG boosted their target price on shares of Darden Restaurants from $84.00 to $94.00 and gave the company a “hold” rating in a report on Wednesday, June 28th. Finally, BidaskClub lowered shares of Darden Restaurants from a “strong-buy” rating to a “buy” rating in a report on Sunday, July 16th. Two research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $84.78.
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In other Darden Restaurants news, insider Eugene I. Lee, Jr. sold 93,125 shares of the business’s stock in a transaction dated Thursday, June 29th. The stock was sold at an average price of $91.58, for a total transaction of $8,528,387.50. Following the sale, the insider now owns 165,062 shares in the company, valued at approximately $15,116,377.96. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.68% of the stock is currently owned by insiders.
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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