Is Darden Restaurants, Inc. (DRI) a Stock to Watch After Gaining 0.83% This Week?

Darden Restaurants, Inc. (DRI) stock has risen 0.83% over the past week and gets a Neutral rating from InvestorsObserver Sentiment Indicator.

Darden Restaurants, Inc. has a Neutral 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?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. 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 has gained 0.74% while the S&P 500 is lower by -0.17% as of 3:06 PM on Monday, Nov 27. DRI is up $1.15 from the previous closing price of $156.01 on volume of 320,402 shares. Over the past year the S&P 500 has risen 14.83% while DRI is up 7.04%. DRI earned $8.04 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 19.55. To screen for more stocks like Darden Restaurants, Inc. click here.

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. Click Here to get the full Stock Report for Darden Restaurants, Inc. stock.