Media stories about Darden Restaurants (NYSE:DRI) have trended somewhat positive recently, according to Accern. Accern rates the sentiment of news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Darden Restaurants earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave press coverage about the restaurant operator an impact score of 46.7946796595658 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the media headlines that may have impacted Accern Sentiment’s scoring:
- Darden’s (DRI) Q3 Earnings to Ride on Sales Building Efforts (finance.yahoo.com)
- Darden's (DRI) Q3 Earnings to Ride on Sales Building Efforts (finance.yahoo.com)
- Could Darden Restaurants’s Fiscal 3Q18 Earnings Boost Its Stock? (finance.yahoo.com)
- What Analysts Expect from Darden Restaurants’ Fiscal 3Q18 Revenue (finance.yahoo.com)
- Could Darden Restaurants’ Earnings Rise in Fiscal 3Q18? (finance.yahoo.com)
Several analysts have recently commented on DRI shares. SunTrust Banks set a $94.00 price target on Darden Restaurants and gave the company a “hold” rating in a report on Monday, December 11th. Zacks Investment Research raised Darden Restaurants from a “hold” rating to a “buy” rating and set a $98.00 price objective for the company in a research note on Thursday, December 14th. Robert W. Baird reaffirmed an “outperform” rating and issued a $104.00 price objective (up from $94.00) on shares of Darden Restaurants in a research note on Wednesday, December 20th. Maxim Group reaffirmed a “buy” rating and issued a $103.00 price objective (up from $93.00) on shares of Darden Restaurants in a research note on Wednesday, December 20th. Finally, Credit Suisse Group reaffirmed a “market perform” rating and issued a $90.00 price objective (up from $82.00) on shares of Darden Restaurants in a research note on Wednesday, December 20th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and eleven have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $97.09.
Darden Restaurants stock traded down $0.18 during trading on Monday, reaching $94.37. The company’s stock had a trading volume of 1,628,097 shares, compared to its average volume of 1,506,884. The company has a quick ratio of 0.20, a current ratio of 0.34 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $11,680.12, a P/E ratio of 24.20, a price-to-earnings-growth ratio of 1.83 and a beta of 0.22. Darden Restaurants has a one year low of $75.20 and a one year high of $100.11.
Darden Restaurants (NYSE:DRI) last released its quarterly earnings results on Tuesday, December 19th. The restaurant operator reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.03. The company had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.85 billion. Darden Restaurants had a return on equity of 26.24% and a net margin of 6.46%. research analysts anticipate that Darden Restaurants will post 4.76 earnings per share for the current fiscal year.
In other news, insider Eugene I. Lee, Jr. sold 59,783 shares of the firm’s stock in a transaction on Wednesday, January 10th. The stock was sold at an average price of $96.80, for a total transaction of $5,786,994.40. Following the sale, the insider now owns 164,396 shares in the company, valued at $15,913,532.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Douglas J. Milanes sold 4,300 shares of the firm’s stock in a transaction on Wednesday, January 10th. The stock was sold at an average price of $97.05, for a total value of $417,315.00. Following the sale, the senior vice president now owns 7,513 shares in the company, valued at approximately $729,136.65. The disclosure for this sale can be found here. Insiders have sold 74,866 shares of company stock worth $7,252,094 in the last 90 days. Insiders own 0.63% of the company’s stock.
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About Darden Restaurants
Darden Restaurants, Inc, through its subsidiaries, owns and operates full-service restaurants in the United States and Canada. As of June 27, 2017, it owned and operated approximately 1,700 restaurants under the Olive Garden, LongHorn Steakhouse, Cheddar's Scratch Kitchen, Yard House, The Capital Grille, Seasons 52, Bahama Breeze, and Eddie V's brands.
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