Here's Why Darden Restaurants (DRI) is a Strong Momentum Stock
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors.
While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.
Is This 1 Momentum Stock a Screaming Buy Right Now?
For momentum investors, upward or downward trends in a stock's price or earnings outlook take precedent, so they'll want to zero in on the Momentum Style Score. This Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.
Darden Restaurants (DRI)
Founded in 1968 and based in Orlando, FL, Darden Restaurants is one of the largest casual dining restaurant operators worldwide. The company has operations in the United States and Canada with more than 1,914 restaurants.
DRI boasts a Momentum Style Score of B and VGM Score of A, and holds a Zacks Rank #3 (Hold) rating. Shares of Darden Restaurants has seen some interesting price action recently; the stock is up 0.1% over the past one week and up 6.6% over the past four weeks. And in the last one-year period, DRI has gained 11.6%. As for the stock's trading volume, 742,549.31 shares on average were traded over the last 20 days.
Momentum investors also pay close attention to a company's earnings. For DRI, one analyst revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.01 to $8.77 per share for 2024. DRI boasts an average earnings surprise of 4.3%.
Investors should take the time to consider DRI for their portfolios due to its solid Zacks Ranks, notable earnings metrics, and impressive Momentum and VGM Style Scores.
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Darden Restaurants, Inc. (DRI) : Free Stock Analysis Report
