Overall market sentiment has been down on Darden Restaurants, Inc. (DRI) stock lately. DRI receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.
Darden Restaurants, Inc. has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on DRI!
What is Stock Sentiment?
Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.
Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.
InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.
Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .
What's Happening With DRI Stock Today?
Darden Restaurants, Inc. (DRI) stock is lower by -0.78% while the S&P 500 has risen 0.22% as of 3:22 PM on Friday, Sep 22. DRI has fallen -$1.14 from the previous closing price of $145.49 on volume of 956,319 shares. Over the past year the S&P 500 is higher by 14.50% while DRI has risen 9.96%. DRI earned $8.04 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 17.95.
More About Darden Restaurants, Inc.
Darden Restaurants is the largest restaurant operator in the U.S. full-service space, with consolidated revenue of $9.6 billion in fiscal 2022 resulting in 3%-4% full-service market share (per NRA data and our calculations). The company maintains a portfolio of eight restaurant chains: Olive Garden, LongHorn Steakhouse, Cheddar's Scratch Kitchen, Yard House, The Capital Grille, Seasons 52, Eddie V's, and Bahama Breeze. Darden generates revenue almost exclusively from company-owned restaurants, though a small network of franchised restaurants and consumer-packaged goods sales through the traditional grocery channel contribute modestly.
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