Darden Restaurants, Inc. (DRI) witnessed a selling pressure and the shares last traded with a loss of -1.09 points or -1.49% at $72.19. Investors jumped in to buy the shares on weakness. The net money flow till latest update was calculated at $1.97 million with an inflow of $6.79 million in upticks and an outflow of $4.81 million in downticks. Using the data, the up/down ratio is found to be 1.41. The share price has recorded -1.86% on a weekly basis.A block trade of $1.39 million in uptick and $0.97 million in downtick was also observed, resulting in an up/down ratio of 1.43. The net money flow of the block trade stood at a $0.41, signaling heavy buying.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.
Darden Restaurants, Inc. has dropped 1.89% in the last five trading days, however, the shares have posted positive gains of 0.03% in the last 4 weeks. Darden Restaurants, Inc. is up 12.28% in the last 3-month period. Year-to-Date the stock performance stands at 0.03%. Darden Restaurants, Inc. (NYSE:DRI) witnessed a decline in the market cap on Wednesday as its shares dropped 1.5% or 1.1 points. After the session commenced at $73.26, the stock reached the higher end at $73.69 while it hit a low of $71.73. With the volume soaring to 1,898,914 shares, the last trade was called at $72.18. The company has a 52-week high of $79.43. The company has a market cap of $8,962 million and there are 124,165,070 shares in outstanding. The 52-week low of the share price is $55.77.
Company has reported several Insider transactions to the SEC, on Oct 12, 2016, Danielle L. Kirgan (SVP, CHRO) sold 36,907 shares at 62.47 per share price.On Jul 11, 2016, James P Fogarty (director) purchased 3,000 shares at 61.70 per share price.On Apr 20, 2016, Alan N Stillman (director) sold 2,000 shares at 65.30 per share price.
Darden Restaurants Last issued its quarterly earnings results on Dec 20, 2016. The company reported $0.64 EPS for the quarter. Analyst had a consensus estimate of $0.64. The company had revenue of $1642.50 million for the quarter, compared to analysts expectations of $1648.60 million. The companys revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.54 EPS.
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Darden Restaurants was Upgraded by Argus to Buy on Jan 5, 2017. Darden Restaurants was Upgraded by Guggenheim to Buy on Dec 1, 2016. Darden Restaurants was Downgraded by Credit Suisse to Neutral on Nov 29, 2016.
Darden Restaurants, Inc. is the worlds largest casual dining restaurant company based on market share, sales and number of company-owned and operated restaurants. Darden through its subsidiaries, engages in the ownership and operation of casual dining restaurants in the United States and Canada.