UPDATE: Darden Restaurants (DRI) PT Lowered to $180 at MKM Partners

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) PT Lowered to $154 at Deutsche Bank

December 20, 2021 6:59 AM EST

Deutsche Bank analyst Brian Mullen lowered the price target on Darden Restaurants (NYSE: DRI) to $154.00 (from $156.00) while maintaining a Hold rating.... More

Darden Restaurants (DRI) PT Lowered to $173 at Barclays

December 20, 2021 4:35 AM EST

Barclays analyst Jeffrey Bernstein lowered the price target on Darden Restaurants (NYSE: DRI) to $173.00 (from $179.00) while maintaining a Overweight rating.... More

Darden Restaurants (DRI) PT Lowered to $170 at KeyBanc

December 20, 2021 4:34 AM EST

KeyBanc analyst Eric Gonzalez lowered the price target on Darden Restaurants (NYSE: DRI) to $170.00 (from $172.00) while maintaining a Overweight rating.... More

Darden Restaurants (DRI) PT Lowered to $150 at Wedbush, Following Earnings

December 17, 2021 3:44 PM EST

Wedbush analyst Nick Setyan lowered the price target on Darden Restaurants (NYSE: DRI) to $150.00 (from $162.00) while maintaining a Neutral rating.

Analyst comments: "We believe DRI's current valuation appropriately reflects the company's attractive medium- to longer-term outlook on the one hand and heightened near-term... More

Darden Restaurants (DRI) Tops Q2 EPS by 4c

December 17, 2021 8:35 AM EST

Darden Restaurants (NYSE: DRI) reported Q2 EPS of $1.48, $0.04 better than the analyst estimate of $1.44. Revenue for the quarter came in at $2.27 billion versus the consensus estimate of $2.23 billion.

For earnings history and earnings-related data on Darden Restaurants (DRI) click here.

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Darden Restaurants (DRI) Announces Upcoming CEO Transition

December 17, 2021 7:05 AM EST

Darden Restaurants, Inc. (NYSE: DRI) announced today that Eugene (Gene) I. Lee, Jr., Chairman and Chief Executive Officer, will retire as CEO effective May 29, 2022. Lee, 60, will continue to serve on Darden's Board of Directors as Executive Chairman until the 2022 Annual Meeting of Shareholders. At that time, Lee is expected to stand for re-election to the Board and continue to serve as Chairman in a non-executive capacity.

The Board has unanimously elected Ricardo (Rick) Cardenas, 53, Darden's current President and Chief Operating Officer, as Chief Executive Officer, as well as a member of... 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

Darden Restaurants (DRI) longer duration IV flat into quarter results

December 16, 2021 5:25 AM EST

Darden Restaurants (NYSE: DRI) December 150 straddle priced for a move of +/- 5% into the expected release of quarter results today.

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