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The Latest Breaking News from Darden

What Are Wall Street Analysts' Target Price for Darden Restaurants Stock?

Although Darden Restaurants has underperformed the broader market over the past 52 weeks, Wall Street analysts remain moderately optimistic about the stock's prospects.

Barchart

Is Darden Restaurants Stock Outperforming the Nasdaq?

While Darden Restaurants has outperformed the broader Nasdaq index over the past three months, analysts remain cautiously optimistic about the stock's prospects.

Barchart

Olive Garden Owner Darden Restaurants Reports 6% Sales Increase: 'Executing At The Highest Level'

The company said results were fueled by same-store sales at Olive Garden and LongHorn Steakhouse.

International Business Times

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Where Darden Restaurants Stands With Analysts

In the latest quarter, 25 analysts provided ratings for Darden Restaurants (NYSE:DRI), showcasing a mix of bullish and bearish perspectives.

Benzinga

Darden Restaurants Stock: Is Wall Street Bullish or Bearish?

Although Darden Restaurants has underperformed the broader market over the past year, analysts maintain a moderately optimistic outlook for the stock's future prospects.

Barchart

Home cookin': Diners skipping restaurants and making more meals at home as inflation trend inverts

Eating in is in and eating out is out

The Independent UK

Olive Garden Owner Announces Uber Delivery Partnership

Customers will be able to order delivery online and through the app at more than 900 locations while delivery will be handled by Uber Direct.

International Business Times

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Earnings Preview: What to Expect From Darden Restaurants' Report

Darden Restaurants is expected to release its fiscal first-quarter earnings in September, and analysts project a single-digit profit increase.

Barchart

Olive Garden's lesson for Red Lobster

It's Endless Shrimp versus the Never Ending Pasta Bowls

Salon

Olive Garden owner's CEO says fast food is so expensive you might as well have a sit-down meal

McDonald’s and Wendy’s have vexed budget-conscious consumers, and chains like Chili’s and Olive Garden are ready to take advantage.

Fortune

Meet Matt Ganyard, Virginia’s 34-year-old kicker and former Marine Corps helicopter pilot

It took 16 years, but the father of two finally made it onto the gridiron.

USA Today Sports Media Group

Darden Restaurants finishes $715 million Ruth’s Chris deal

The Orlando, Florida-based owner of Olive Garden and other chains has finished its $715 million deal to buy Winter Park, Florida-based Ruth’s Hospitality Group.

Orlando Sentinel

Price Hikes Don't Necessarily Translate to Higher Profits

Many big U.S. businesses say they have been able to increase prices this year with limited pushback from customers. Not all the changes are leading to higher corporate profits.

Bangkok Post

This Type Of Restaurant Is Thriving Right Now, Yet Olive Garden Struggles: Here's Why

With food inflation still surging, up 8% for the twelve months ended August, and the Russia-Ukraine war adding to global food constraints, it's easy to see why restaurant brands and operators are experiencing diminishing margins on their bottom line.

Benzinga

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Benzinga

These 2 Restaurant Stocks Are Delicious. Avoid This One, BofA Says

Analysts at BofA Securities initiate coverage of Texas Roadhouse Inc. (NASDAQ: TXRH) and Darden Restaurants Inc.

Benzinga

Read How Analysts Reacted To Darden Restaurants' Q4 Results

Wedbush analyst Nick Setyan lowered the price target on Darden Restaurants Inc (NYSE:DRI) to $122 (3% upside) from $140 and kept a Neutral rating on the shares. The analyst noted that FY23 guidance is predicated on normalization in inflation trends in the second half and has lowered his FY23 EPS estimate to $7.60 from $8.41…

Benzinga

Deutsche Bank Maintains Hold Rating for Darden Restaurants: Here's What You Need To Know

Deutsche Bank has decided to maintain its Hold rating of Darden Restaurants (NYSE:DRI) and lower its price target from $152.00 to $124.00. Shares of Darden Restaurants are trading up 2.6% over the last 24 hours, at $118.60 per share.

Benzinga

PreMarket Prep Stock Of The Day: Will The Darden Restaurants Earnings Pop Last?

Investors who are waiting for rising inflation and interest rates to have a negative impact on a company’s earnings will have to wait a few quarters in Darden Restaurants, Inc. (NYSE: DRI).

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Benzinga

Earnings Beat, Dividend Hike, New Buyback: Darden Restaurants' Q4 Highlights

Darden Restaurants Inc (NYSE:DRI) reported fourth-quarter FY22 sales growth of 14.2% year-on-year to $2.60 billion, beating the consensus of $2.54 billion. Same-restaurant sales increased 11.7% versus last year. Olive Garden sales increased 8.2%, LongHorn Steakhouse climbed 13.2%, and Fine Dining jumped 40.7%. Darden clocked an operating margin of 13%, and the operating income…

Benzinga

Why Darden Restaurants Stock Is On The Move Today

Darden Restaurants Inc (NYSE: DRI) shares are trading higher Thursday morning after the company reported better-than-expected financial results, issued guidance above analyst estimates and announced a buyback.

Benzinga

Analysts Slash Price Target On This Restaurant Company Post Q3 Results

Credit Suisse analyst Lauren Silberman lowered the price target on Darden Restaurants Inc (NYSE:DRI) from $180 to $175 and maintained Outperform rating on the shares. The revised price target implies a 34% upside. While the analyst acknowledged the concerns about the discretionary nature of casual dining, she believes Darden is well-positioned to wade through near-term…

Orlando Sentinel

Omicron leads to 13,000+ Darden employees out sick in January

Darden Restaurants was hit hard by the omicron variant of the coronavirus pandemic in January, with more than 13,000 employees missing work that month, company leaders revealed Thursday.

Benzinga

Darden Restaurants' Q3 Earnings Miss Estimates Bitten By Omicron

Darden Restaurants Inc (NYSE:DRI) reported third-quarter FY22 sales growth of 41.3% year-on-year, to $2.45 billion, missing the consensus of $2.51 billion. Same-restaurant sales increased 38.1%. Darden clocked an operating margin of 12.3%, and the operating income jumped 103.4% Y/Y to $301 million. EBITDA was $395 million. EPS of $1.93 missed the consensus of…

Benzinga

5 Stocks To Watch For March 24, 2022

Some of the stocks that may grab investor focus today are: Wall Street expects Darden Restaurants, Inc. (NYSE: DRI) to report quarterly earnings at $2.12 per share on revenue of $2.51 billion before the opening bell. Darden shares gained 1.7% to $133.10 in after-hours trading.

Benzinga

10 Biggest Price Target Changes For Thursday

Keybanc cut the price target on Darden Restaurants, Inc. (NYSE: DRI) from $170 to $160. Darden shares rose 0.1% to $129.69 in pre-market trading.

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