Darden Restaurants Reports Strong Third Quarter Results; Increases Earnings Outlook For The Full Fiscal Year; And Declares Regular Quarterly Dividend
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Darden Restaurants (DRI) PT, Estimates Raised at Jefferies
March 24, 2015 7:38 AM EDTJefferies analyst Andy Barish raised estimates and his price target on Darden Restaurants (NYSE: DRI) to $63.00 (from $50.00) but maintained a Hold rating.
Barish commented, "We are raising our estimates after DRIs better 3Q results end of last week based upon improvements in... More
Darden Restaurants (DRI) PT, Estimates Raised at Credit Suisse
March 23, 2015 8:04 AM EDTCredit Suisse analyst J. West reiterated a Neutral rating but bumped his price target on Darden Restaurants (NYSE: DRI) to $69.00 (from $62.00) following Q3 results.
West noted the beat was driven by lower expenses, with all the major line items coming in below their... More
Darden Restaurants (DRI) PT Raised to $70 at RBC Capital
March 23, 2015 7:44 AM EDTRBC Capital analyst David Palmer raised estimates and his price target on Darden Restaurants (NYSE: DRI) to $70.00 (from $57.00) while maintaining a Sector Perform rating on the stock.
Palmer commented, "We are raising our price target to $70 (23x our new calendar 2016E) and our FY15E EPS from $2.31 to $2.51... More
Darden Restaurants (DRI) Declares $0.55 Quarterly Dividend; 3.4% Yield
March 20, 2015 7:03 AM EDTDarden Restaurants (NYSE: DRI) declared a quarterly dividend of $0.55 per share, or $2.2 annualized.
The dividend will be payable on May 1, 2015, to stockholders of record on April 10, 2015, with an ex-dividend date of April 8, 2015.
The annual yield on the dividend is 3.4 percent.
For... More
Darden Restaurants (DRI) Tops Q3 EPS by 15c; Guides Q4 EPS Ahead of Views
March 20, 2015 7:03 AM EDTDarden Restaurants (NYSE: DRI) reported Q3 EPS of $0.99, $0.15 better than the analyst estimate of $0.84. Revenue for the quarter came in at $1.73 billion versus the consensus estimate of $1.72 billion.
Combined Darden comparable same-restaurant sales for the quarter were +3.6%:
+2.2% for Olive... More