Russell Investments Group Ltd and
M&G Plc have made significant moves, purchasing increasing shares in
Darden Restaurants, Inc. (DRI), despite the company's disappointing guidance. The acquisition of shares further extends to various firms such as state board and financial advisory services, alongside anticipated dividends yielding 3.2%. Yet, some are cautious, reducing their holdings, reflecting a fluctuating and challenging operating environment.
Darden's stock been rated 'Equal Weight' by
Stephens and 'Outperform' by
Wedbush. However, there are concerns about the stock's ability to allocate its capital effectively, despite it being considered a top-ranked growth stock. The stock price has seen
respectable returns of 66% over the last five years;
yet there are bearish outlook sentiments due to market trends. It’s also worth noting that Darden Restaurants has increased its dividend to $1.40 and amidst fluctuating circumstances, Darden beats Q4 earnings estimates. The company expresses confidence about the improvement of its traffic leading to a positive EPS outlook.
Darden Restaurants Stocks DRI News Analytics from Thu, 21 Sep 2023 21:01:08 GMT to Sun, 21 Jul 2024 15:44:00 GMT -
Rating 0
- Innovation 0
- Information 7
- Rumor -5
