Darden Restaurants Inc. (NASDAQ: DRI) Stocks Generating Improved Relative Strength

Darden Restaurants, Inc. day trading at USD 76.24 per share, then rallying to 76.66 and closing at USD 75.94 per share. A net loss of -0.39% for the day. Long term pricing analysis shows the stock trading at 40.31% lower than it’s 52week high and -175.29% higher than the 52week low. The share volume traded for the day was 2,985K which was 0 times the 50 Day Average Volume.

Darden Restaurants, Inc. had a market cap of 9,858,793K as of 12th June 2020. The Earnings Per Share (EPS) for Q4 2019 is $5.13

Darden Restaurants, Inc. is an American multi-brand restaurant operator headquartered in Orlando.[4] As of April 2017, the firm owns two fine dining restaurant chains: Eddie V’s Prime Seafood and The Capital Grille; and six casual dining restaurant chains: Olive Garden, LongHorn Steakhouse, Bahama Breeze, Seasons 52, Yard House and Cheddar’s Scratch Kitchen.

Financial Results

Darden Restaurants, Inc. Reports Second Quarter Of Fiscal 2020.

  • Total sales increased 4.2% to $2.06 billion driven by the addition of 37 net new restaurants and a blended same-restaurant sales increase of 2.0%
  • Reported diluted net earnings per share from continuing operations decreased by 77.2% to $0.21 compared to last year’s reported diluted net earnings per share
  • Adjusted diluted net earnings per share from continuing operations increased 21.7% to $1.12 compared to last year’s reported diluted net earnings per share, after excluding $0.91 of adjustments primarily related to the termination of our defined benefit pension plan*
  • The Company repurchased approximately $136 million of its outstanding common stock

Darden Restaurants, Inc. (12th June 2020): The Institutional Ownership as of today stood at 83.49% and the Total Value of Holdings (millions) is $ 8,235.

New Institutional Holders and other activity – As of today, the total number of shares held is 108,436,465 by 827 institutional holders.

LATEST NEWS:

10-June-2020:- Darden Restaurants, Inc. (NYSE: DRI) Expected to Post Quarterly Sales of $1.25 Billion

Brokerages forecast that Darden Restaurants, Inc. (NYSE: DRI) will report sales of $1.25 billion for the current fiscal quarter, Zacks Investment Research reports. Eleven analysts have issued estimates for Darden Restaurants’ earnings. The lowest sales estimate is $713.90 million and the highest is $1.55 billion.

9-June-2020:- HS Management Partners LLC Sells 118,393 Shares of Darden Restaurants, Inc. (NYSE: DRI)

HS Management Partners LLC lessened its position in shares of Darden Restaurants, Inc. (NYSE: DRI) by 9.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,143,915 shares of the restaurant operator’s stock after selling 118,393 shares during the quarter.

7-June-2020:- Darden Restaurants, Inc. (NYSE: DRI) Shares Bought by Victory Capital Management Inc. – Modern Readers

Victory Capital Management Inc. raised its position in Darden Restaurants, Inc. (NYSE: DRI) by 39.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,346,998 shares of the restaurant operator’s stock after acquiring an additional 942,118 shares during the quarter.

 

Leave a Reply

Your email address will not be published. Required fields are marked *