Revenue Update on Darden Restaurants(NYSE:DRI)

Darden Restaurants(NYSE:DRI) announced the earnings results for Fiscal Year 2017 and Q3. The results came in during After-Market on Mar 27, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Earnings per share were $1.32.

Darden Restaurants (DRI) made into the market gainers list on Fridays trading session with the shares advancing 0.09% or 0.07 points. Due to strong positive momentum, the stock ended at $76.71, which is also near the day’s high of $77.16. The stock began the session at $76.66 and the volume stood at 12,42,647 shares. The 52-week high of the shares is $79.43 and the 52 week low is $59.501. The company has a current market capitalization of $9,525 M and it has 12,41,65,070 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Oct 12, 2016, Danielle L. Kirgan (SVP, CHRO) sold 36,907 shares at $62.47 per share price.Also, On Jul 11, 2016, James P Fogarty (director) purchased 3,000 shares at $61.70 per share price.On Apr 20, 2016, Alan N Stillman (director) sold 2,000 shares at $65.30 per share price, according to the Form-4 filing with the securities and exchange commission.

Darden Restaurants Inc. is a full service restaurant company. The Company owns and operates more than 1500 restaurants. The Company’s restaurant brands include Olive Garden LongHorn Steakhouse Bahama Breeze Seasons 52 The Capital Grille Eddie V’s 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.

Add Comment