NEW YORK, March 2, 2017 /PRNewswire/ --
For today, Stock-Callers.com highlights four Restaurants stocks, namely: Darden Restaurants Inc. (NYSE: DRI), Brinker International Inc. (NYSE: EAT), Bloomin' Brands Inc. (NASDAQ: BLMN), and Dave & Buster's Entertainment Inc. (NASDAQ: PLAY). According to an article on Benzinga, Jefferies' analyst, Andy Barish, predicts continued headwinds for the Restaurants industry in 2017, with the Casual Dining category likely to be more at risk of seeing margin contraction. While Restaurants could get a boost from the stimulative policies of the Trump administration, tax cuts, and deregulation may not be enough for Restaurant stocks to thrive in the current competitive environment. Learn more about these stocks by accessing their free research reports at:
On Wednesday, shares in Orlando, Florida headquartered Darden Restaurants Inc. recorded a trading volume of 930,116 shares. The stock ended the day at $74.89, climbing 0.28% from the last trading session. The Company's shares have advanced 1.45% in the last one month, 2.09% in the previous three months, and 3.79% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 1.48% and 12.43%, respectively. Furthermore, shares of Darden Restaurants, which through its subsidiaries, owns and operates full-service restaurants in the US and Canada, have a Relative Strength Index (RSI) of 52.17.
On January 23rd, 2017, Olive Garden, a division of Darden Restaurants, announced that it is introducing the next phase in 'never ending' with its new Never Ending Classics promotion. The Company stated that the new limited-time offer gives guests unlimited servings of their most loved Olive Garden menu items, starting at $11.99. Free research report on DRI is available at:
Dallas, Texas-based Brinker International Inc.'s stock finished yesterday's session flat at $42.24 with a total trading volume of 1.18 million shares. The Company's shares are trading below their 50-day moving average by 9.18%. Shares of the Company, which together with its subsidiaries, owns, develops, operates, and franchises casual dining restaurants worldwide, have an RSI of 30.09.
On February 09th, 2017, Brinker International's Board of Directors declared a quarterly dividend of $0.34 per share on the Company's common stock, representing a 6% increase over the prior year. The dividend will be payable March 30th, 2017, to shareholders of record as of March 10th, 2017. The complimentary research report on EAT can be downloaded at:
Shares in Tampa, Florida headquartered Bloomin' Brands Inc. ended the session 0.41% higher at $17.16. The stock recorded a trading volume of 1.48 million shares, which was above its three months average volume of 1.40 million shares. The Company's shares have gained 1.16% in the last one month. The stock is trading 2.81% below its 50-day moving average. Moreover, shares of Bloomin' Brands, which through its subsidiaries, owns and operates casual, upscale casual, and fine dining restaurants primarily in the US and internationally, have an RSI of 43.53.
On February 17th, 2017, Bloomin' Brands reported revenue of $1.00 billion for Q4 2016 compared to revenue of $1.05 billion in Q4 2015. The Company recorded operating margin of 15.2% in Q4 2016 compared to $16.1% in Q4 2015. Bloomin' Brands posted adjusted diluted earnings per share of $0.31 for Q4 2016 compared to $0.30 in Q4 2015.
On February 23rd, 2017, research firm Credit Suisse downgraded the Company's stock rating from 'Outperform' to 'Neutral' while revising its previous target price from $21 a share to $19 a share. Visit us today and access our complete research report on BLMN at:
Dave & Buster's Entertainment
At the closing bell on Wednesday, Dallas, Texas-based Dave & Buster's Entertainment Inc.'s stock rose 0.96%, finishing at $57.74. A total volume of 630,232 shares was traded. The Company's shares have gained 4.87% in the last month, 21.76% over the previous three months, and 2.56% on an YTD basis. The stock is trading 3.56% above its 50-day moving average and 22.97% above its 200-day moving average. Additionally, shares of Dave & Buster's Entertainment, which owns and operates venues that combine dining and entertainment in North America for adults and families, have an RSI of 58.32. Get free access to your research report on PLAY at:
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