Darden Restaurants Reports Fiscal 2022 First Quarter Results; Declares Quarterly Dividend; Announces Additional $750 Million Share Repurchase Authorization; And Increases Fiscal 2022 Outlook

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Go back to Darden Restaurants Reports Fiscal 2022 First Quarter Results; Declares Quarterly Dividend; Announces Additional $750 Million Share Repurchase Authorization; And Increases Fiscal 2022 Outlook

Darden Restaurants (DRI) PT Raised to $168 at Piper Sandler

September 24, 2021 9:15 AM EDT

Piper Sandler analyst Nicole Miller Regan raised the price target on Darden Restaurants (NYSE: DRI) to $168.00 (from $157.00) while maintaining an Overweight rating.

The analyst commented, "Darden reported stronger-than-expected results for the fiscal 1Q22 period that were driven in part by the company's... More

Darden Restaurants (DRI) Tops Q1 EPS by 11c

September 23, 2021 7:04 AM EDT

Darden Restaurants (NYSE: DRI) reported Q1 EPS of $1.76, $0.11 better than the analyst estimate of $1.65. Revenue for the quarter came in at $2.31 billion versus the consensus estimate of $2.24 billion.

GUIDANCE:

Darden Restaurants sees FY2022 EPS of $7.25-$7.60, versus the consensus of $7.43.... More