Darden Restaurants (DRI) : The money flow is calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades, which was negative (7.56 million) in Darden Restaurants (DRI). On Friday, The value of composite uptick trades was $14.21 million, whereas, the value of composite downtick trades was $21.77 million and the ratio between the two was 0.65, indicating selling on strength. Traders involved in block trades booked profits in their holdings as seen in the transactions on downticks valued at $6.57 million. $0.72 million was the block trade value on upticks. The ratio between the two was clearly in favor of the bears at 0.11. The negative money flow of ($5.85 million) shows selling on strength. Darden Restaurants (DRI) gained $0.57 intraday at $62.56 and registrered 0.92% for the week.
Darden Restaurants (DRI) : 13 investment research analysts covering Darden Restaurants (DRI) have an average price target of $70.69 for the near short term. The highest target price given by the Brokerage Firm to the stock is $80 and the lowest target is $57 for the short term. Analysts expect the variance to be within $5.98 of the average price.
Darden Restaurants (NYSE:DRI): stock turned positive on Friday. Though the stock opened at $62.11, the bulls momentum made the stock top out at $62.85 level for the day. The stock recorded a low of $62 and closed the trading day at $62.56, in the green by 0.92%. The total traded volume for the day was 1,794,544. The stock had closed at $61.99 in the previous days trading.
In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Darden Restaurants Inc, Fogarty James P, had purchased 3,000 shares in a transaction dated on July 7, 2016. The transaction was executed at $61.7 per share with total amount equaling $185,100.
Darden Restaurants, Inc. is a full service restaurant company. The Company owns and operates more than 1,500 restaurants. The Companys restaurant brands include Olive Garden, LongHorn Steakhouse, Bahama Breeze, Seasons 52, The Capital Grille, Eddie Vs Prime Seafood, Wildfish Seafood Grill and Yard House. Through subsidiaries, the Company owns and operates all of its restaurants in the United States and Canada, except for three restaurants located in Florida and three restaurants in California, which are owned jointly by the Company and third parties, and managed by the Company, seven franchised restaurants in Puerto Rico and one Atlanta, Georgia airport location.