Darden Restaurants Inc (DRI): Today's Featured Leisure Laggard
(
) pushed the Leisure industry lower today making it today's featured Leisure laggard. The industry as a whole closed the day down 0.1%. By the end of trading, Darden Restaurants fell $0.81 (-1.6%) to $50.34 on light volume. Throughout the day, 1,048,036 shares of Darden Restaurants exchanged hands as compared to its average daily volume of 1,397,700 shares. The stock ranged in price between $50.08-$51.08 after having opened the day at $50.74 as compared to the previous trading day's close of $51.15. Other companies within the Leisure industry that declined today were:
(
), down 5.8%,
(
), down 5.3%,
(
), down 4.3% and
Diversified Restaurant Holdings
(
), down 3.2%.
Darden Restaurants, Inc. owns and operates full service restaurants in the United States and Canada. It operates restaurants under the Red Lobster, Olive Garden, LongHorn Steakhouse, The Capital Grille, Bahama Breeze, Seasons 52, Eddie V's Prime Seafood, and Wildfish Seafood Grille brand names. Darden Restaurants has a market cap of $6.5 billion and is part of the services sector. Shares are up 11.9% year to date as of the close of trading on Monday. Currently there are 8 analysts that rate Darden Restaurants a buy, 1 analyst rates it a sell, and 14 rate it a hold.
TheStreet Ratings rates
Darden Restaurants
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share.
- You can view the full Darden Restaurants Ratings Report.
On the positive front,
(
), up 7.0%,
(
), up 4.2%,
(
), up 3.1% and
Einstein Noah Restaurant Group
(
), up 2.8% , were all gainers within the leisure industry with
(
) being today's featured leisure industry leader.
- Use our leisure section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the leisure industry could consider
PowerShares Dynamic Leisure&Entert
(
) while those bearish on the leisure industry could consider
ProShares Ultra Sht Consumer Services
(
).
- Find other investment ideas from our top rated ETFs lists.
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