Darden Restaurants (DRI) Shares are Up 0.53%

Darden Restaurants (DRI) has been under a strong bear grip, hence the stock is down -0.59% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.47% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.53% in the last 1 week, and is up 0.43% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 1.58% and the 50-Day Moving Average is 1.7%. Darden Restaurants (NYSE:DRI): stock turned positive on Friday. Though the stock opened at $62.52, the bulls momentum made the stock top out at $63.17 level for the day. The stock recorded a low of $62.46 and closed the trading day at $62.75, in the green by 0.13%. The total traded volume for the day was 1,029,184. The stock had closed at $62.67 in the previous days trading.


The company Insiders own 10.05% of Darden Restaurants shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 61.35% . Institutional Investors own 94.68% of Darden Restaurants shares. During last six month period, the net percent change held by insiders has seen a change of 10.01%. Also, Equity Analysts at the Stifel Nicolaus downgrades the rating on Darden Restaurants (NYSE:DRI). The brokerage firm has issued a Sell rating on the shares. The shares were previously rated Hold. The rating by the firm was issued on July 26, 2016.

Darden Restaurants, Inc. is a full service restaurant company. The Company owns and operates more than 1,500 restaurants. The Companys restaurant brands include Olive Garden, LongHorn Steakhouse, Bahama Breeze, Seasons 52, The Capital Grille, Eddie Vs Prime Seafood, Wildfish Seafood Grill and Yard House. Through subsidiaries, the Company owns and operates all of its restaurants in the United States and Canada, except for three restaurants located in Florida and three restaurants in California, which are owned jointly by the Company and third parties, and managed by the Company, seven franchised restaurants in Puerto Rico and one Atlanta, Georgia airport location.

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