|Bid||126.00 x 1000|
|Ask||133.60 x 1000|
|Day's Range||126.03 - 128.64|
|52 Week Range||110.96 - 158.39|
|Beta (5Y Monthly)||1.29|
|PE Ratio (TTM)||17.54|
|Earnings Date||Dec 15, 2022 - Dec 19, 2022|
|Forward Dividend & Yield||4.84 (3.83%)|
|Ex-Dividend Date||Oct 06, 2022|
|1y Target Est||140.77|
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The restaurant industry might be one of the last areas an investor will consider when looking for steady growth. Many of these businesses struggle to post strong earnings during the best of times, and a potential recession on the way might mean even weaker growth. Darden Restaurants (NYSE: DRI), owner of the Olive Garden and LongHorn Steakhouse brands, recently announced solid operating results through late August.
Darden (DRI) focuses on the Back-to-Basics initiative to drive growth. However, inflationary pressures are a concern.
DEEP DIVE Now that the S&P 500 has hit a new closing low for 2022, it is a good time to rerun a screen of low-volatility dividend stocks that may perform relatively better. An initial screen of the S&P 500 (SPX) from June 29, resulted in a list of 19 stocks that met quality criteria set by Lewis Altfest, CEO of Altfest Personal Wealth Management, which is based in New York and manages about $1.