Darden Restaurants, Inc.’s Stock Price Plummets to $140.29, Marking a Sharp 3.11% Decline

Darden Restaurants, Inc. (DRI)

140.29 USD -4.50 (-3.11%) Volume: 1.52M

Darden Restaurants, Inc.’s stock price stands at 140.29 USD, experiencing a trading session drop of -3.11% and a YTD decrease of -14.61%, with a trading volume of 1.52M, indicating a challenging market performance for DRI shares.

Latest developments on Darden Restaurants, Inc.

Despite recent fluctuations in stock price, Darden Restaurants, Inc. (NYSE:DRI) has seen a mix of positive and negative movements. BNP Paribas Financial Markets reduced its stake in the company, while Mirae Asset Global Investments Co. Ltd. increased its stock position. Additionally, State of Alaska Department of Revenue cut its position in Darden Restaurants. The company became oversold, with shares being sold by BNP Paribas Financial Markets. Despite these changes, Darden Restaurants stock outperformed competitors despite losses on the day. Sumitomo Mitsui Trust Holdings Inc. also sold shares of Darden Restaurants. Tokio Marine Asset Management Co. Ltd. holds a significant amount of stock in the company. Overall, the stock movements of Darden Restaurants have been influenced by various factors leading up to today’s market performance.

Darden Restaurants, Inc. on Smartkarma

Analysts at Baptista Research have provided bullish coverage on Darden Restaurants, Inc. Their recent report, titled “Darden Restaurants Inc.: What’s On The Menu For 2024? – Major Drivers,” highlighted the company’s mixed results for the previous quarter, with revenues falling below analyst consensus. Despite this, Darden opened 17 new restaurants during the quarter, bringing the total to 27 restaurants across 16 states year-to-date. The report also noted Darden’s strategic operational changes, including ceasing third-party delivery, reducing lunch operations, and closing most restaurants on Christmas Day.

A look at Darden Restaurants, Inc. Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on the Smartkarma Smart Scores, Darden Restaurants has a mixed long-term outlook. While the company scores high in Dividend and Momentum, indicating strong performance in these areas, it falls short in Value and Resilience. This suggests that while Darden Restaurants may offer good dividend returns and have positive momentum, investors should be cautious of its value and resilience factors.

Darden Restaurants, Inc. owns and operates a variety of seafood and Italian restaurants under different brand names across North America. With a strong focus on dividends and momentum, the company may continue to see growth opportunities in the future. However, its lower scores in value and resilience highlight potential risks that investors should consider when evaluating the company’s long-term prospects.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
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