Headlines about Darden Restaurants (NYSE:DRI) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research group rates the sentiment of news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Darden Restaurants earned a news impact score of 0.06 on Accern’s scale. Accern also gave media coverage about the restaurant operator an impact score of 46.7663415068674 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news articles that may have effected Accern Sentiment Analysis’s rankings:
- Darden Restaurants (DRI) Earns Buy Rating from Maxim Group (americanbankingnews.com)
- Hot Stock under Review – Darden Restaurants Inc (NYSE: DRI) – Alpha Beta Stock (alphabetastock.com)
- EPS for Darden Restaurants, Inc. (DRI) Expected At $1.64 – Flаtlаnd Nеws (flatlandnews.com)
- Starbucks (SBUX) Inks Licensing Agreement With SouthRock – Nasdaq (nasdaq.com)
- Zacks: Analysts Anticipate Darden Restaurants, Inc. (DRI) Will Announce Quarterly Sales of $2.15 Billion (americanbankingnews.com)
DRI has been the subject of a number of research analyst reports. Wells Fargo & Co restated a “market perform” rating and set a $99.00 price objective (up from $92.00) on shares of Darden Restaurants in a research report on Tuesday, January 9th. Barclays restated an “overweight” rating and set a $116.00 price objective (up from $108.00) on shares of Darden Restaurants in a research report on Tuesday, January 16th. Argus upgraded shares of Darden Restaurants from a “hold” rating to a “buy” rating and upped their price objective for the stock from $95.67 to $108.00 in a research report on Thursday, December 21st. Maxim Group restated a “buy” rating and set a $112.00 price objective (up from $103.00) on shares of Darden Restaurants in a research report on Tuesday, January 9th. Finally, Credit Suisse Group restated a “hold” rating and set a $95.00 price objective on shares of Darden Restaurants in a research report on Friday, January 12th. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and ten have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $96.73.
Darden Restaurants (NYSE:DRI) last announced its quarterly earnings data on Tuesday, December 19th. The restaurant operator reported $0.73 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.03. Darden Restaurants had a net margin of 6.46% and a return on equity of 26.24%. The firm had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.85 billion. equities analysts anticipate that Darden Restaurants will post 4.76 EPS for the current year.
In other Darden Restaurants news, SVP Douglas J. Milanes sold 4,300 shares of the company’s stock in a transaction dated Wednesday, January 10th. The shares were sold at an average price of $97.05, for a total value of $417,315.00. Following the transaction, the senior vice president now owns 7,513 shares of the company’s stock, valued at $729,136.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Ricardo Cardenas sold 10,783 shares of the company’s stock in a transaction dated Wednesday, January 10th. The shares were sold at an average price of $97.17, for a total transaction of $1,047,784.11. Following the completion of the transaction, the chief financial officer now directly owns 20,046 shares in the company, valued at approximately $1,947,869.82. The disclosure for this sale can be found here. Insiders sold 74,866 shares of company stock worth $7,252,094 in the last ninety days. 0.63% of the stock is currently owned by corporate 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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