Darden Restaurants Inc (NYSE: DRI) has reported E.P.S. of $1.77 for its second fiscal quarter (ending November 30) versus $1.54 for the same period a year ago — an increase of 15%. For the latest four quarters through November 30, E.P.S. were $8.35 versus $7.32 for the same period a year ago — an increase of 14%.
Recent Price Action
Darden Restaurants Inc (NYSE: DRI) stock declined slightly by -0.4% on 12/15/23. The stock closed at $162.49. Moreover, this decline was accompanied by exceptionally high trading volume at 335% of normal. The stock has performed in line with the market over the last nine months and has risen 0.9% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, DRI is expected to continue to be a major Value Builder.
Darden Restaurants has a current Value Trend Rating of C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Darden Restaurants has a slightly negative Appreciation Score of 36 and a neutral Power Rating of 55, and the Low Neutral Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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