Darden Restaurants (DRI) Announces Upcoming CEO Transition

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Stifel Upgrades Darden Restaurants (DRI) to Buy

December 21, 2021 7:40 PM EST

Stifel analyst Chris O\'Cull upgraded Darden Restaurants (NYSE: DRI) from Hold to Buy with a price target of $165.00.

The analyst comments "We are upgrading DRI to Buy from Hold. Shares declined following a strong earnings report last Friday, which we believe... More

Darden Restaurants (DRI) Reports Q2 Results, Offers Guidance; Declares $1.10 Dividend

December 17, 2021 7:05 AM EST

Darden Restaurants, Inc., (NYSE: DRI) today reported its financial results for the second quarter ended November 28, 2021.

Second Quarter 2022 Financial Highlights

Total sales increased 37% from last year to $2.27 billion driven by a blended same-restaurant sales increase of 34.4% and the addition of 34 net new restaurantsSame-restaurant sales by segment:

Consolidated Darden

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Darden Restaurants (DRI) Declares $1.10 Quarterly Dividend; 3% Yield

December 17, 2021 7:05 AM EST

Darden Restaurants (NYSE: DRI) declared a quarterly dividend of $1.10 per share, or $4.4 annualized.

The dividend will be payable on February 1, 2022, to stockholders of record on January 10, 2022, with an ex-dividend date of January 7, 2022.

The annual yield on the dividend is 3 percent.

For... More