Shares of Darden Restaurants (DRI) Rally 0.73%

Darden Restaurants (DRI) : During the past 4 weeks, traders have been relatively bearish on Darden Restaurants (DRI), hence the stock is down -11.27% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -0.76% relative to the S&P 500. The stock has risen by 0.73% in the past week indicating that the buyers are active at lower levels, but the stock is down -7.4% in the past 4 weeks. The stock has recorded a 20-day Moving Average of 2.77% and the 50-Day Moving Average is 3.66%.

Darden Restaurants (NYSE:DRI): The stock opened at $63.19 on Friday but the bulls could not build on the opening and the stock topped out at $63.27 for the day. The stock traded down to $62.45 during the day, due to lack of any buying support eventually closed down at $62.48 with a loss of -1.06% for the day. The stock had closed at $63.15 on the previous day. The total traded volume was 2,218,614 shares.


The company Insiders own 10.05% of Darden Restaurants shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 61.35% . Institutional Investors own 92.84% of Darden Restaurants shares. During last six month period, the net percent change held by insiders has seen a change of 10.01%. In a related news, Fogarty James P, director of Darden Restaurants Inc, had purchased 3,000 shares on July 7, 2016. The total value of the transaction was $185,100. The information was disclosed with the SEC in a Form 4 Filing. The information is based on open market trades at the market prices.Option exercises are not covered.

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.

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