Press coverage about Darden Restaurants (NYSE:DRI) has been trending somewhat positive this week, according to Accern. The research firm identifies positive and negative press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Darden Restaurants earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned news articles about the restaurant operator an impact score of 47.0412855525912 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the media stories that may have effected Accern Sentiment Analysis’s analysis:
- What’s Real Worth Of Nucor Corporation (NUE), Darden Restaurants, Inc. (DRI) - AllStockNews (allstocknews.com)
- Can Darden Restaurants Inc (DRI) Thread the Needle? Technical Update - Evergreen Caller (evergreencaller.com)
- The New #95 Most Shorted S&P 500 Component: Darden Restaurants (marketnewsvideo.com)
- A Keen Look at Darden Restaurants, Inc. (NYSE:DRI) and Universal Health Services, Inc. (NYSE:UHS) in The Spotlight - FLBC News (flbcnews.com)
- Top Stock Picks for the Day: Darden Restaurants, Inc. (DRI), Booz Allen Hamilton Holding Corporation (BAH) - AllStockNews (allstocknews.com)
A number of brokerages recently weighed in on DRI. BidaskClub upgraded shares of Darden Restaurants from a “sell” rating to a “hold” rating in a research report on Friday, August 18th. Raymond James Financial, Inc. restated a “market perform” rating on shares of Darden Restaurants in a research report on Monday, July 24th. Zacks Investment Research downgraded shares of Darden Restaurants from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Bank of America Corporation increased their price objective on shares of Darden Restaurants from $80.00 to $85.00 and gave the company an “underperform” rating in a research report on Friday, June 30th. Finally, BMO Capital Markets increased their price objective on shares of Darden Restaurants from $85.00 to $87.00 and gave the company a “market perform” rating in a research report on Friday, June 30th. Two equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $85.18.
Darden Restaurants (DRI) opened at 83.68 on Friday. The stock has a market capitalization of $10.49 billion, a PE ratio of 22.00 and a beta of 0.27. Darden Restaurants has a 1-year low of $60.16 and a 1-year high of $95.22. The company’s 50-day moving average is $85.54 and its 200 day moving average is $83.95.
Darden Restaurants (NYSE:DRI) last posted its quarterly earnings data on Tuesday, June 27th. The restaurant operator reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.15 by $0.03. Darden Restaurants had a net margin of 6.68% and a return on equity of 26.18%. The firm had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same period last year, the firm posted $1.10 EPS. Darden Restaurants’s quarterly revenue was up 8.1% on a year-over-year basis. Equities analysts predict that Darden Restaurants will post $4.47 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 1st. Shareholders of record on Monday, July 10th were issued a $0.63 dividend. The ex-dividend date of this dividend was Thursday, July 6th. This represents a $2.52 dividend on an annualized basis and a yield of 3.01%. This is an increase from Darden Restaurants’s previous quarterly dividend of $0.56. Darden Restaurants’s dividend payout ratio (DPR) is 66.14%.
In other Darden Restaurants news, insider Eugene I. Lee, Jr. sold 93,125 shares of the firm’s stock in a transaction on Thursday, June 29th. The stock was sold at an average price of $91.58, for a total value of $8,528,387.50. Following the completion of the sale, the insider now owns 165,062 shares of the company’s stock, valued at $15,116,377.96. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.63% of the stock is currently owned by company insiders.
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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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