Darden Restaurants (DRI) Tops Q3 EPS by 2c
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Jefferies Remains Sidelined on Darden Restaurants (DRI) Following 3Q Report
April 6, 2016 7:37 AM EDTJefferies reiterated a Hold rating and $66.00 price target on Darden Restaurants (NYSE: DRI) as strong results continue through the company's 3Q. DRI reported adjusted EPS of $1.21, at the high end of DRI's pre-announced range. EPS was driven by +4% combined SSS, sales leverage across all segments... More
BTIG Boosts PT on Dardent (DRI) to $75; Strong Olive Garden Trends Bolster Results
April 6, 2016 7:28 AM EDTBTIG is raising its price target on Buy-rated Darden Restaurants (NYSE: DRI) from $70 to $75 after Darden posted Q3 results early Tuesday.
Analyst Peter Saleh commented, This quarters results reinforce our positive thesis centered on improving fundamentals at Olive Garden and greater margin... More
Darden Restaurants (DRI) Chairman Smith Resigns
April 5, 2016 7:02 AM EDTDarden Restaurants, Inc. (NYSE: DRI) announced that Jeffrey (Jeff) C. Smith has resigned from its Board of Directors effective April 4, 2016. Mr. Smith had served on the Board of Directors and as the Company's Chairman of the Board since October 2014. With the announcement of Mr. Smith's departure, the Board unanimously elected Charles (Chuck) M. Sonsteby, a current independent director, as Chairman. The Company now has ten directors.
"It is with mixed emotion that I leave the Board of Directors," said Smith. "I will thoroughly miss working with the capable and talented people... More
