Darden Restaurants (DRI) Shares Slide -1.6%

Darden Restaurants (DRI) : During the past 4 weeks, traders have been relatively bearish on Darden Restaurants (DRI), hence the stock is down -5.46% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -1.53% relative to the S&P 500. The 4-week change in the price of the stock is -2.29% and the stock has fallen -1.6% in the past 1 week.

The stock has recorded a 20-day Moving Average of 0.89% and the 50-Day Moving Average is 4.75%. Darden Restaurants, Inc. has dropped 0.21% during the last 3-month period . Year-to-Date the stock performance stands at -0.86%.


Darden Restaurants (NYSE:DRI): stock turned positive on Friday. Though the stock opened at $61.08, the bulls momentum made the stock top out at $61.72 level for the day. The stock recorded a low of $60.82 and closed the trading day at $61.56, in the green by 0.70%. The total traded volume for the day was 2,156,927. The stock had closed at $61.13 in the previous days trading.

Also, Major Brokerage house, Stifel Nicolaus downgrades its ratings on Darden Restaurants (NYSE:DRI). According to the latest information available, the shares are now rated Sell by the analysts at the agency. Previously, the analysts had a Hold rating on the shares. 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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