Darden Restaurants (DRI) Lowers Quarterly Dividend 9.1% to $0.50; $500M Buyback
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RBC Capital Markets Raised Price Target on Darden Restaurants (DRI) to Reflect Share Repurchases
December 21, 2015 8:19 AM ESTRBC Capital Markets reiterated a Sector Perform rating on Darden Restaurants (NYSE: DRI), and raised the price target to $68.00 (from $62.00), on share repurchases. RBC raised FY16 and FY17 EPS estimates from $3.13 and $3.59 to $3.33 and $3.80 to reflect the share repurchases (up to $500M, RBCe in... More
Darden Restaurants (DRI) Tops Q2 EPS by 12c, Sales Roughly In-Line
December 18, 2015 7:02 AM ESTDarden Restaurants (NYSE: DRI) reported Q2 EPS of $0.54, $0.12 better than the analyst estimate of $0.42. Revenue for the quarter came in at $1.61 billion versus the consensus estimate of $1.62 billion.
Same-restaurant sales increased 1.6% for the fiscal quarter.
"We saw continued momentum this quarter, with all our brands once again... More
