Darden Restaurants (NYSE:DRI) Earns Coverage Optimism Score of 0.06

Media coverage about Darden Restaurants (NYSE:DRI) has been trending somewhat positive recently, Accern reports. Accern rates the sentiment of news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Darden Restaurants earned a daily sentiment score of 0.06 on Accern’s scale. Accern also gave news 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 company’s share price in the near future.

Here are some of the news articles that may have impacted Accern’s analysis:

Shares of DRI stock opened at $85.25 on Friday. The firm has a market cap of $10,423.78, a price-to-earnings ratio of 19.78, a price-to-earnings-growth ratio of 1.62 and a beta of 0.22. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.39 and a quick ratio of 0.25. Darden Restaurants has a 12 month low of $76.27 and a 12 month high of $100.11.

Darden Restaurants (NYSE:DRI) last announced its quarterly earnings results on Thursday, March 22nd. The restaurant operator reported $1.71 EPS for the quarter, beating the Zacks’ consensus estimate of $1.64 by $0.07. The business had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.15 billion. Darden Restaurants had a net margin of 6.92% and a return on equity of 28.12%. Darden Restaurants’s quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.32 EPS. analysts forecast that Darden Restaurants will post 4.77 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 1st. Shareholders of record on Tuesday, April 10th will be issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 2.96%. The ex-dividend date of this dividend is Monday, April 9th. Darden Restaurants’s dividend payout ratio is 58.47%.

DRI has been the topic of several recent research reports. Zacks Investment Research upgraded shares of Darden Restaurants from a “hold” rating to a “buy” rating and set a $98.00 target price on the stock in a research report on Thursday, December 14th. Credit Suisse Group reiterated a “hold” rating and set a $95.00 target price on shares of Darden Restaurants in a research report on Friday, January 12th. SunTrust Banks set a $94.00 target price on shares of Darden Restaurants and gave the stock a “hold” rating in a research report on Monday, December 11th. BMO Capital Markets set a $101.00 price target on shares of Darden Restaurants and gave the stock a “hold” rating in a research report on Tuesday, December 19th. Finally, Stephens upgraded shares of Darden Restaurants from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $95.00 to $105.00 in a research report on Monday. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eleven have issued a buy rating to the company. Darden Restaurants presently has a consensus rating of “Hold” and a consensus price target of $98.13.

In other Darden Restaurants news, insider Eugene I. Lee, Jr. sold 59,783 shares of Darden Restaurants stock in a transaction on Wednesday, January 10th. The shares were sold at an average price of $96.80, for a total transaction of $5,786,994.40. Following the transaction, the insider now directly owns 164,396 shares of the company’s stock, valued at approximately $15,913,532.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Douglas J. Milanes sold 4,300 shares of Darden Restaurants stock in a transaction on Wednesday, January 10th. The stock was sold at an average price of $97.05, for a total transaction of $417,315.00. Following the transaction, the senior vice president now directly owns 7,513 shares in the company, valued at $729,136.65. The disclosure for this sale can be found here. Insiders have sold a total of 74,866 shares of company stock worth $7,252,094 over the last ninety days. Insiders own 0.63% of the company’s stock.

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Darden Restaurants Company Profile

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.

Insider Buying and Selling by Quarter for Darden Restaurants (NYSE:DRI)

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