Media coverage about Darden Restaurants (NYSE:DRI) has been trending positive recently, according to Accern Sentiment. Accern identifies negative and positive press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Darden Restaurants earned a coverage optimism score of 0.26 on Accern’s scale. Accern also assigned media stories about the restaurant operator an impact score of 46.8773002291231 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the news articles that may have effected Accern’s rankings:
A number of research analysts have commented on DRI shares. Zacks Investment Research raised 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. Maxim Group reissued a “buy” rating and set a $103.00 target price (up previously from $93.00) on shares of Darden Restaurants in a research report on Wednesday, December 20th. Argus raised shares of Darden Restaurants from a “hold” rating to a “buy” rating and raised their target price for the company from $95.67 to $108.00 in a research report on Thursday, December 21st. ValuEngine downgraded shares of Darden Restaurants from a “buy” rating to a “hold” rating in a research report on Thursday, October 5th. Finally, SunTrust Banks set a $94.00 target price on shares of Darden Restaurants and gave the company a “hold” rating in a research report on Monday, December 11th. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and eleven have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $96.22.
Shares of Darden Restaurants (DRI) opened at $95.85 on Thursday. The firm has a market cap of $11,925.95, a P/E ratio of 24.58, a price-to-earnings-growth ratio of 1.87 and a beta of 0.20. Darden Restaurants has a 12-month low of $71.43 and a 12-month high of $100.11. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.20 and a current ratio of 0.34.
Darden Restaurants (NYSE:DRI) last released its 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 for the quarter, compared to the consensus estimate of $1.85 billion. Darden Restaurants had a net margin of 6.46% and a return on equity of 26.24%. equities analysts expect that Darden Restaurants will post 4.76 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Wednesday, January 10th will be given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 2.63%. The ex-dividend date is Tuesday, January 9th. Darden Restaurants’s dividend payout ratio is presently 64.62%.
In other Darden Restaurants news, insider Eugene I. Lee, Jr. sold 59,783 shares of Darden Restaurants stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 164,396 shares in the company, valued at approximately $15,913,532.80. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Ricardo Cardenas sold 10,783 shares of Darden Restaurants stock in a transaction that occurred on 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 sale, the chief financial officer now owns 20,046 shares of the company’s stock, valued at $1,947,869.82. The disclosure for this sale can be found here. In the last three months, insiders have sold 74,866 shares of company stock worth $7,252,094. 0.63% of the stock is owned by insiders.
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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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