Darden Restaurants Inc. (NYSE:DRI) announced healthy earnings on Friday but reported a gallingly sluggish economic upturn is hammering sales at its Olive Garden, Red Lobster and LongHorn Steakhouse chains.
The restaurant firm’s fiscal-fourth-quarter earnings climbed up 10% as sales at its low-end specialty-dining sector counterbalance weakness at its huge brands.
Like other firms in the casual-dining segment, Darden persists to deal with the hurdles of price-conscious consumers and inflated commodity prices, moving its earnings growth to ebb and flow in the previous year.
Its competitors include DineEquity Inc (NYSE:DIN) that slipped -0.59% to $43.94 with the total traded volume of 14,526.00 shares.
Other services stocks with bullish trend include Sirius XM Radio Inc (NASDAQ:SIRI) up 1.07% to $1.89, Walgreen Company (NYSE:WAG) up 2.23% to $29.78 and Lowe’s Companies, Inc. (NYSE:LOW) up 0.95% to $27.76, whereas with bearish trend include Carnival Corporation (NYSE:CCL) down -2.83% to $33.60, Macy’s, Inc. (NYSE:M) down -2.23% to $34.14 and Royal Caribbean Cruises Ltd. (NYSE:RCL) down -2.71% to $24.39.
Darden Restaurants, Inc. (NYSE:DRI) stock reports on June 22, 2012 decreased -1.39% to the trading price of $49.69 at 10:49AM EDT. Its fifty two week range is $40.69-$55.84. The total market capitalization remained $6.39 billion.
The overall volume in the current trading session is 1.96 million shares. In its share capital DRI has 128.65 million outstanding shares among them 128.15 million shares have been floated in market exchange. DRI stock institutional ownership remained 86.62% while insider ownership included 0.49%.
DRI is ahead its 52 week low with 25.18% and logging behind from its 52 week high price with -11.30%. DRI last month stock price volatility remained 2.37%. The stock price of DRI is moving down from its 20 days moving average with -2.47% and remote negatively from 50 days moving average with -2.50%.
DRI current year earnings per share experienced an addition with 19.38% while its current quarter performance remained -1.95%. Company’s beta coefficient included 0.85. Beta factors measures the amount of market risk associated with market trade.
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