Various financial entities like Benjamin F. Edwards & Company, Patton Albertson Miller Group, Spire Wealth Management, and GAMMA Investing, have boosted their positions in Darden Restaurants (DRI) stock. Despite the company's recent underperformance on certain trading days compared to competitors, its stock has often outperformed the market. Investors in Darden Restaurants have seen returns of 66% in the past five years. They have also been rewarding shareholders with dividends; the company is about to go ex-dividend and offers a yield of 3.2%. The stock met EPS, but missed revenue estimates in Q3 2024. On the downside, Darden's first same-store sales decline since the pandemic was reported, offset by its acquisition of Ruth's Chris. The stock also plunged due to a scaled-back outlook. Sales have been affected by a 'tougher' operating environment and as lower-income customers pull back on dining. Insiders, including executive Melvin Martin, have been selling off their DRI shares. However, analysts maintain a 'Moderate Buy' recommendation and believe Darden's Q3 performance show signs of strength for the company.
Darden Restaurants Stocks DRI News Analytics from Thu, 22 Jun 2023 07:00:00 GMT to Sun, 12 May 2024 12:12:28 GMT - Rating -2 - Innovation 4 - Information 7 - Rumor -1
