Media headlines about Darden Restaurants (NYSE:DRI) have been trending somewhat positive this week, AlphaOne Sentiment Analysis reports. The research firm, a unit of Accern, identifies negative and positive news coverage by analyzing more than 20 million news and blog sources. AlphaOne ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Darden Restaurants earned a media sentiment score of 0.15 on AlphaOne’s scale. AlphaOne also gave media stories about the restaurant operator an impact score of 79 out of 100, meaning that recent news coverage is likely to have an impact on the stock’s share price in the near term.
Here are some of the media stories that may have impacted AlphaOne Sentiment’s rankings:
- Darden Restaurants Takes Over #386 Spot From Perrigo Company (marketnewsvideo.com)
- The Assenagon Asset Management SA Sells 7263 Shares of Darden Restaurants, Inc. (DRI) – BangaloreWeekly (bangaloreweekly.com)
- FCPT Announces Disposition of Darden-Leased Restaurant Property for $5.2 Million (businesswire.com)
- Zacks.com featured highlights: Darden Restaurants, Alphabet, Anthem, Humana and Nucor (finance.yahoo.com)
Shares of Darden Restaurants (NYSE:DRI) opened at 86.96 on Friday. The stock has a 50 day moving average of $85.17 and a 200-day moving average of $76.88. Darden Restaurants has a 52 week low of $59.50 and a 52 week high of $89.14. The stock has a market cap of $10.81 billion, a PE ratio of 22.21 and a beta of 0.28.
Darden Restaurants (NYSE:DRI) last announced its earnings results on Monday, March 27th. The restaurant operator reported $1.32 EPS for the quarter, beating analysts’ consensus estimates of $1.27 by $0.05. The company had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.87 billion. Darden Restaurants had a return on equity of 25.92% and a net margin of 6.22%. Darden Restaurants’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same period last year, the business posted $1.21 EPS. Equities research analysts predict that Darden Restaurants will post $3.99 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, May 1st. Shareholders of record on Monday, April 10th were given a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date was Thursday, April 6th. Darden Restaurants’s dividend payout ratio is currently 65.50%.
Several analysts have commented on DRI shares. Canaccord Genuity lifted their price objective on shares of Darden Restaurants from $84.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, March 29th. Zacks Investment Research raised shares of Darden Restaurants from a “hold” rating to a “buy” rating and set a $86.00 price target on the stock in a research report on Tuesday, February 21st. KeyCorp reissued a “buy” rating and issued a $80.00 price target on shares of Darden Restaurants in a research report on Monday, February 6th. Credit Suisse Group AG reissued a “hold” rating and issued a $74.00 price target on shares of Darden Restaurants in a research report on Wednesday, March 29th. Finally, Royal Bank of Canada reissued a “hold” rating on shares of Darden Restaurants in a research report on Thursday, March 23rd. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and eight have assigned a buy rating to the stock. Darden Restaurants has an average rating of “Hold” and a consensus price target of $78.00.
In other Darden Restaurants news, insider Eugene I. Lee, Jr. sold 98,124 shares of the stock in a transaction dated Friday, March 31st. The stock was sold at an average price of $83.19, for a total value of $8,162,935.56. Following the sale, the insider now owns 177,737 shares of the company’s stock, valued at approximately $14,785,941.03. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David C. George sold 84,283 shares of the stock in a transaction dated Monday, April 3rd. The shares were sold at an average price of $83.13, for a total value of $7,006,445.79. Following the completion of the sale, the insider now directly owns 78,010 shares in the company, valued at approximately $6,484,971.30. The disclosure for this sale can be found here. 0.69% of the stock is owned by company insiders.
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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