News headlines about Darden Restaurants (NYSE:DRI) have been trending somewhat positive recently, according to Accern Sentiment. The research group rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Darden Restaurants earned a news sentiment score of 0.22 on Accern’s scale. Accern also assigned news stories about the restaurant operator an impact score of 46.2410328096315 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the news stories that may have impacted Accern Sentiment Analysis’s scoring:
- Darden Restaurants : To Host Fiscal 2018 Second Quarter Conference Call On December 19 (4-traders.com)
- Darden Restaurants To Host Fiscal 2018 Second Quarter Conference Call On December 19 (finance.yahoo.com)
- Darden Restaurants, Inc. (DRI) presents Dividend Yield at the rate of 3.08% – Voice Of Analysts (analystsbuzz.com)
- Reviewing Darden Restaurants (DRI) & Its Competitors (americanbankingnews.com)
- Stop Chasing High Dividends: Darden Restaurants, Inc. (DRI) generates Yield of 3.04% – Voice Of Analysts (analystsbuzz.com)
Darden Restaurants (NYSE:DRI) traded up $0.38 during trading hours on Friday, reaching $82.33. 1,062,000 shares of the company’s stock traded hands, compared to its average volume of 1,604,100. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.38 and a quick ratio of 0.24. Darden Restaurants has a 52-week low of $70.97 and a 52-week high of $95.22. The stock has a market cap of $10,250.00, a P/E ratio of 19.84, a P/E/G ratio of 1.80 and a beta of 0.22.
Darden Restaurants (NYSE:DRI) last posted its earnings results on Tuesday, September 26th. The restaurant operator reported $0.99 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.99. Darden Restaurants had a net margin of 6.60% and a return on equity of 26.06%. The firm had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.93 billion. During the same period last year, the firm posted $0.88 EPS. The firm’s revenue for the quarter was up 12.9% on a year-over-year basis. sell-side analysts predict that Darden Restaurants will post 4.43 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 1st. Shareholders of record on Tuesday, October 10th were issued a dividend of $0.63 per share. The ex-dividend date was Friday, October 6th. This represents a $2.52 annualized dividend and a yield of 3.06%. Darden Restaurants’s dividend payout ratio (DPR) is currently 64.62%.
Several brokerages have recently commented on DRI. Raymond James Financial, Inc. restated a “market perform” rating on shares of Darden Restaurants in a report on Monday, July 24th. Robert W. Baird restated a “hold” rating and issued a $94.00 price objective on shares of Darden Restaurants in a report on Tuesday, September 19th. BidaskClub raised shares of Darden Restaurants from a “sell” rating to a “hold” rating in a research note on Friday, August 18th. Zacks Investment Research raised shares of Darden Restaurants from a “sell” rating to a “hold” rating in a research note on Monday, October 30th. Finally, Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and set a $100.00 target price on shares of Darden Restaurants in a research note on Wednesday, September 20th. One equities research analyst has rated the stock with a sell rating, seventeen have given a hold rating and nine have given a buy rating to the stock. Darden Restaurants currently has an average rating of “Hold” and an average target price of $87.59.
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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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