For its third fiscal quarter (ending February 28), Darden Restaurants Inc (NYSE: DRI) has reported E.P.S. of $2.62 compared to $2.36 a year ago. For the latest four quarters through February 28, E.P.S. were $8.61 versus $7.73 for the same period a year ago.
Recent Price Action
Darden Restaurants Inc (NYSE: DRI) stock suffered a large decline of -6.5% on 3/21/24. The stock closed at $163.24. Moreover, this decline was accompanied by exceptionally high trading volume at 352% of normal. The stock has performed in line with the market over the last nine months and has declined -6.5% during the last week.
Current PriceTarget Research Rating
DRI is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Darden Restaurants has a current Value Trend Rating of C (Low Neutral). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Darden Restaurants has a slightly negative Appreciation Score of 35 and a neutral Power Rating of 57, with the Low Neutral Value Trend Rating the result.
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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