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published in Blogs
Jun 20, 2019

Darden's (DRI, $$116.96) Q4 sales fall short of estimates

Darden Restaurants missed fiscal fourth-quarter revenue estimates, sending its share down -4% Thursday morning,

The restaurant company’s quarterly revenue increased +4.5% year-over-year to $2.23 billion, but lagged  analysts’ estimates of $2.24 billion (based on Refinitiv poll of analysts).

Total same-store sales growth across all of Darden’s restaurants came in at +1.6% for the quarter, falling short of analysts’ estimates of +2.3%.Darden mentioned a decline of -0.4% in  foot traffic to its Olive Garden locations open at least a year.  The restaurant reported same-store sales growth of 2.4%.

However, Darden did beat earnings expectations for the quarter. It reported adjusted earnings per share of $1.76, compared to Wall Street’s estimates of $1.73.

Looking ahead, the company expects same-store sales growth of 1% to 2%, and net earnings per share of $6.30 to $6.45.

Related Ticker: DRI

Momentum Indicator for DRI turns positive, indicating new upward trend

DRI saw its Momentum Indicator move above the 0 level on February 20, 2024. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 90 similar instances where the indicator turned positive. In of the 90 cases, the stock moved higher in the following days. The odds of a move higher are at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Moving Average Convergence Divergence (MACD) for DRI just turned positive on February 22, 2024. Looking at past instances where DRI's MACD turned positive, the stock continued to rise in of 53 cases over the following month. The odds of a continued upward trend are .

DRI moved above its 50-day moving average on February 15, 2024 date and that indicates a change from a downward trend to an upward trend.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where DRI advanced for three days, in of 316 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 275 cases where DRI Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The RSI Indicator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 7 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where DRI declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

DRI broke above its upper Bollinger Band on February 01, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (10.194) is normal, around the industry mean (7.391). P/E Ratio (21.071) is within average values for comparable stocks, (180.274). Projected Growth (PEG Ratio) (2.083) is also within normal values, averaging (1.957). Dividend Yield (0.030) settles around the average of (0.032) among similar stocks. P/S Ratio (1.926) is also within normal values, averaging (2.440).

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating outstanding price growth. DRI’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 82, placing this stock better than average.

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

Notable companies

The most notable companies in this group are McDonald's Corp (NYSE:MCD), Starbucks Corp (NASDAQ:SBUX), Chipotle Mexican Grill (NYSE:CMG), Yum! Brands (NYSE:YUM), Darden Restaurants (NYSE:DRI), Yum China Holdings (NYSE:YUMC), Domino's Pizza (NYSE:DPZ), Shake Shack (NYSE:SHAK), Noodles & Company (NASDAQ:NDLS).

Industry description

The industry includes companies that operate full-service restaurants, fast food restaurants, cafeterias and snack bars. McDonald's Corporation, Starbucks Corporation, YUM! Brands, Inc. and Restaurant Brands International Inc. are some of the largest U.S. restaurant-owning companies in terms of market capitalization. While restaurant spending could be viewed as discretionary for consumers, some companies in the business have been able to weather economic cycles by establishing strong loyalty among customers over the years. Many of them also have a strong global presence as well.

Market Cap

The average market capitalization across the Restaurants Industry is 7.45B. The market cap for tickers in the group ranges from 6.73K to 209.92B. MCD holds the highest valuation in this group at 209.92B. The lowest valued company is AMHG at 6.73K.

High and low price notable news

The average weekly price growth across all stocks in the Restaurants Industry was 0%. For the same Industry, the average monthly price growth was 0%, and the average quarterly price growth was 0%. SG experienced the highest price growth at 63%, while RRGB experienced the biggest fall at -17%.

Volume

The average weekly volume growth across all stocks in the Restaurants Industry was 8%. For the same stocks of the Industry, the average monthly volume growth was 17% and the average quarterly volume growth was 31%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 47
P/E Growth Rating: 63
Price Growth Rating: 51
SMR Rating: 67
Profit Risk Rating: 81
Seasonality Score: 2 (-100 ... +100)
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A.I.Advisor
published price charts
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published General Information

General Information

an operator of casual-dining restaurants

Industry Restaurants

Profile
Fundamentals
Details
Industry
Restaurants
Address
1000 Darden Center Drive
Phone
+1 407 245-4000
Employees
177000
Web
https://www.darden.com
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DRI and

Correlation & Price change

A.I.dvisor indicates that over the last year, DRI has been loosely correlated with BLMN. These tickers have moved in lockstep 63% of the time. This A.I.-generated data suggests there is some statistical probability that if DRI jumps, then BLMN could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To DRI
1D Price
Change %
DRI100%
+1.61%
BLMN - DRI
63%
Loosely correlated
+1.68%
CAKE - DRI
62%
Loosely correlated
-0.54%
EAT - DRI
61%
Loosely correlated
+1.17%
TXRH - DRI
60%
Loosely correlated
+0.01%
DIN - DRI
59%
Loosely correlated
-2.24%
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