Darden Restaurants, Inc. DRI was a big mover last session, as the company saw its shares rise nearly 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company—as the stock is down 66.1% in the past one-month time frame.
The company has seen nine negative estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the same time period, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.
Darden Restaurants currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is negative.
Darden Restaurants, Inc. Price
Darden Restaurants, Inc. price | Darden Restaurants, Inc. Quote
Investors interested in the Retail - Restaurants industry may consider a better-ranked stock like Cracker Barrel Old Country Store, Inc. CBRL, which carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Biggest Tech Breakthrough in a Generation
Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.
A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 8 stocks to watch. The report is only available for a limited time.
See 8 breakthrough stocks now>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Darden Restaurants, Inc. (DRI) : Free Stock Analysis Report
Cracker Barrel Old Country Store, Inc. (CBRL) : Free Stock Analysis Report
To read this article on Zacks.com click here.