Darden Restaurants Inc (NYSE: DRI) has reported earnings for its first fiscal quarter (ending August 31) of $1.75 versus $1.61 for the same period a year ago — an increase of 9%. For the latest four quarters through August 31, E.P.S. were $8.74 compared to $8.12 a year ago — an increase of 8%.
Recent Price Action
On 9/19/24, Darden Restaurants Inc (NYSE: DRI) stock enjoyed a very large increase of 8.3%, closing at $172.27. Moreover, trading volume in this advance was exceptionally high at 284% of normal. The stock has been weak relative to the market over the last nine months but has risen 9.4% during the last week.
Current PriceTarget Research Rating
DRI’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Darden Restaurants has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Darden Restaurants has a neutral Appreciation Score of 46 but a poor Power Rating of 30, with the Negative Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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