The Latest Breaking News from Darden

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.

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).

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…

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.

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…

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.

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…

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.

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.

The restaurant industry is well-positioned for a solid rebound. Therefore, amid heightened market volatility on concerns about looming interest rate hikes, we think it could be wise to bet on dividend-paying restaurant stocks Darden Restaurants (DRI), Dine Brands (DIN), and Ruth’s Hospitality (RUTH) to ensure a steady portfolio income stream.…