Somewhat Favorable News Coverage Somewhat Unlikely to Affect Darden Restaurants (NYSE:DRI) Stock Price
Media coverage about Darden Restaurants (NYSE:DRI) has been trending somewhat 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 0.18 on Accern’s scale. Accern also assigned media stories about the restaurant operator an impact score of 45.6790556158671 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:
- 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)
- Q3 2018 Earnings Estimate for Darden Restaurants, Inc. Issued By Oppenheimer (DRI) (americanbankingnews.com)
- Darden Restaurants (DRI) Stock Rating Upgraded by Zacks Investment Research (americanbankingnews.com)
Shares of Darden Restaurants (NYSE DRI) opened at $94.48 on Wednesday. The company has a market cap of $11,704.83, a P/E ratio of 24.23, a P/E/G ratio of 1.83 and a beta of 0.22. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.34 and a quick ratio of 0.20. Darden Restaurants has a 12 month low of $74.01 and a 12 month high of $100.11.
A number of research analysts have commented on the stock. Maxim Group reissued a “buy” rating and set a $112.00 target price on shares of Darden Restaurants in a research report on Wednesday. Zacks Investment Research raised shares of Darden Restaurants from a “hold” rating to a “buy” rating and set a $106.00 target price on the stock in a research report on Monday. Barclays reissued an “overweight” rating and set a $116.00 target price (up previously from $108.00) on shares of Darden Restaurants in a research report on Tuesday, January 16th. BMO Capital Markets set a $99.00 price target on shares of Darden Restaurants and gave the company a “hold” rating in a report on Friday, January 12th. Finally, Credit Suisse Group restated a “hold” rating and issued a $95.00 price target on shares of Darden Restaurants in a report on Friday, January 12th. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $96.73.
In other Darden Restaurants news, SVP Douglas J. Milanes sold 4,300 shares of Darden Restaurants stock in a transaction that occurred on Wednesday, January 10th. The shares were sold at an average price of $97.05, for a total transaction of $417,315.00. Following the completion of the sale, the senior vice president now directly owns 7,513 shares in the company, valued at approximately $729,136.65. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 sale, the insider now owns 164,396 shares of the company’s stock, valued at $15,913,532.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 74,866 shares of company stock valued at $7,252,094. Company insiders own 0.63% of the company’s stock.
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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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