Do Traders Think Darden Restaurants, Inc. (DRI) Can Turn Around Wednesday?

The market has been down on Darden Restaurants, Inc. (DRI) stock recently. DRI gets a Bearish score 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!

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What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With DRI Stock Today?

Darden Restaurants, Inc. (DRI) stock is trading at $118.84 as of 1:20 PM on Wednesday, May 25, a rise of $4.07, or 3.55% from the previous closing price of $114.77. The stock has traded between $114.01 and $120.04 so far today. Volume today is low. So far 689,224 shares have traded compared to average volume of 1,077,913 shares.

More About Darden Restaurants, Inc.

Darden Restaurants is the largest restaurant operator in the U.S. casual and fine dining markets, with consolidated revenue of $7.2 billion in fiscal 2021 resulting in 3.8% market share (per Euromonitor 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 network of 64 franchised restaurants and consumer-packaged goods sales through the traditional grocery channel contribute modestly. Click Here to get the full Stock Report for Darden Restaurants, Inc. stock.