Darden Restaurants Reports Fiscal 2022 Third Quarter Results; Declares Quarterly Dividend; And Updates Fiscal 2022 Outlook

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Darden Restaurants (DRI) PT Lowered to $160 at Stifel

March 24, 2022 3:26 PM EDT

Stifel analyst Chris O\'Cull lowered the price target on Darden Restaurants (NYSE: DRI) to $160.00 (from $165.00) while maintaining a Buy rating.

The analyst commented, "Darden reported earnings below consensus estimates ($1.93, Stifel $2.05, Street $2.10), but as we previewed, we believe most investors were already... More

Darden Restaurants (DRI) PT Lowered to $155 at Cowen

March 24, 2022 3:25 PM EDT

Cowen analyst Andrew Charles lowered the price target on Darden Restaurants (NYSE: DRI) to $155.00 (from $175.00) while maintaining an Outperform rating.

The analyst commented, "We view DRI's scale as a competitive advantage in a difficult industry inflationary backdrop. DRI is running more floating on... More

Darden Restaurants (DRI) Misses Q3 EPS by 20c, Offers Guidance

March 24, 2022 7:02 AM EDT

Darden Restaurants (NYSE: DRI) reported Q3 EPS of $1.93, $0.20 worse than the analyst estimate of $2.13. Revenue for the quarter came in at $2.45 billion versus the consensus estimate of $2.54 billion.

GUIDANCE:

Darden Restaurants sees FY2022 EPS of $7.30-$7.45, versus the consensus of $7.50.... More