Darden Restaurants (DRI) Earns Media Impact Rating of 0.15
Media coverage about Darden Restaurants (NYSE:DRI) has been trending somewhat positive on Monday, according to Accern Sentiment. The research group ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real-time. 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 coverage optimism score of 0.15 on Accern’s scale. Accern also gave media stories about the restaurant operator an impact score of 46.9502758842105 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the media stories that may have effected Accern’s analysis:
- Sneak peek inside Clayton’s newest steakhouse (bizjournals.com)
- Olive Garden launches this year’s Never Ending Pasta Pass with $200 trip to Italy – MarketWatch (marketwatch.com)
- FCPT Announces Disposition of Darden-Leased Restaurant Property for $5.9 Million (finance.yahoo.com)
- Now That’s Italian! (finance.yahoo.com)
Darden Restaurants (DRI) opened at 83.86 on Monday. The stock has a 50 day moving average of $82.69 and a 200 day moving average of $84.57. Darden Restaurants has a 12-month low of $60.16 and a 12-month high of $95.22. The company has a market cap of $10.52 billion, a PE ratio of 22.05 and a beta of 0.27.
Darden Restaurants (NYSE:DRI) last issued its quarterly earnings results on Tuesday, June 27th. The restaurant operator reported $1.18 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.15 by $0.03. The business had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.86 billion. Darden Restaurants had a net margin of 6.68% and a return on equity of 26.18%. The company’s revenue was up 8.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.10 EPS. Equities analysts expect that Darden Restaurants will post $4.47 earnings per share for the current year.
A number of research firms have issued reports on DRI. Bank of America Corporation set a $80.00 price target on Darden Restaurants and gave the company a “buy” rating in a research note on Monday, June 26th. Raymond James Financial, Inc. reiterated a “market perform” rating on shares of Darden Restaurants in a research note on Monday, July 24th. Oppenheimer Holdings, Inc. lifted their price target on Darden Restaurants in a research note on Monday, June 26th. Zacks Investment Research upgraded Darden Restaurants from a “hold” rating to a “buy” rating and set a $100.00 price target for the company in a research note on Tuesday, July 11th. Finally, Canaccord Genuity reiterated a “buy” rating and set a $102.00 price target on shares of Darden Restaurants in a research note on Friday, June 9th. Two research analysts have rated the stock with a sell rating, nineteen have given a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $85.18.
In other news, insider Eugene I. Lee, Jr. sold 93,125 shares of the firm’s stock in a transaction on Thursday, June 29th. The shares were sold at an average price of $91.58, for a total transaction of $8,528,387.50. Following the sale, the insider now directly owns 165,062 shares in the company, valued at approximately $15,116,377.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.63% of the stock is owned by company 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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