Piper Jaffray Raises Price Target on Darden Restaurants (DRI) Following 4Q15 Results
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June 24, 2015 7:12 AM EDT
RBC Capital reiterates a Sector Perform rating on Darden Restaurants (NYSE: DRI), and raised the price target to $74.00 (from $70.00), to reflect improved fundamentals and likely value from the separation of the company's real estate portfolio into a REIT. Analyst David Palmer believes that McDonalds and... More
June 23, 2015 5:25 PM EDT
Market wrap for June 23nd
End of the Day: S&P 500 up 1.4 to 2,124.20; Dow Jones up 24.3 to 18,144.07; Nasdaq up 6.1 to 5,160.10
Market Brief: U.S. markets were rather flat on Tuesday as exuberance over a potential Greek deal subsided. European commissioner for economic and financial affairs, Pierre Moscovici, told French radio on Tuesday that a deal is in sight, the first time creditors have mentioned that a resolution might be made.
Durable goods orders also tempered some enthusiasm with... More
June 23, 2015 9:24 AM EDT
CTPartners Executive Search (NYSE: CTP) 83.8% LOWER; announced that the exclusivity period for its negotiations with DHR International Inc. regarding an acquisition of the Company expired late last week with no definitive agreement for the sale of the Company as a whole having been reached.
Vical (NASDAQ: VICL) 47.2% LOWER; announced top-line results from an ongoing randomized, double-blind, placebo controlled Phase 1/2 clinical study of its... More
June 23, 2015 7:05 AM EDT
Darden Restaurants (NYSE: DRI) announced that its Board of Directors approved a strategic real estate plan to pursue a separation of a portion of the Company's real estate assets. The separation would be achieved through a combination of selected sale leaseback transactions and the transfer of a portion of its remaining real estate assets to a new real estate investment trust ("REIT") that will be separated by a spin-off, split-off or similar transaction, resulting in the REIT becoming an independent, publicly-traded company (the "REIT Transaction").
The Company's Board reached this decision after considering various... More
June 23, 2015 7:04 AM EDT
Darden Restaurants (NYSE: DRI) reported Q4 EPS of $1.08, $0.15 better than the analyst estimate of $0.93. Revenue for the quarter came in at $1.88 billion versus the consensus estimate of $1.87 billion.
Same-restaurant sales** increased 3.8% for the quarter
+3.4% for Olive Garden
+3.2% for Yard House
+5.2% for LongHorn... More
June 22, 2015 2:19 PM EDT
The Trading Radar highlights key earnings and economic announcements for the next trading session:
Before Markets Open:
Economics:
8:30am EDT
Durable Orders - Street sees (0.5%)
9:00am EDT
FHFA Housing Price Index - no Street consensus
Earnings:
BlackBerry... More
