Darden Restaurants (DRI) Tops Q4 EPS by 4c, Beats on Revenue; Offers FY25 Revenue Guidance
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UBS Reiterates Buy Rating on Darden Restaurants (DRI)
June 21, 2024 6:02 AM EDTUBS analyst Dennis Geiger reiterated a Buy rating and $188.00 price target on Darden Restaurants (NYSE: DRI).
The analyst comments "F4Q earnings commentary highlighted mixed sss across brands, margin upside on solid cost mgmt, and support for better than feared FY25 guidance. Ongoing... More
Darden Restaurants (DRI) PT Raised to $192 at Citi
June 21, 2024 5:50 AM EDTCiti analyst Jon Tower raised the price target on Darden Restaurants (NYSE: DRI) to $192.00 (from $191.00) while maintaining a Buy rating.
The analyst comments "Results may vary, but strategy remains broadly the same: focus on everyday value and high service levels to win... More
Darden Restaurants (DRI) PT Raised to $185 at BofA Securities
June 21, 2024 5:36 AM EDTBofA Securities analyst Sara Senatore raised the price target on Darden Restaurants (NYSE: DRI) to $185.00 (from $180.00) while maintaining a Buy rating.
The analyst comments "LongHorn (LH) continues to outpace the casual dining industry on sales (480 bps) and transaction growth (430 bps) as consumers... More
Evercore ISI Reiterates In Line Rating on Darden Restaurants (DRI)
June 21, 2024 5:12 AM EDTEvercore ISI analyst David Palmer reiterated an In Line rating and $165.00 price target on Darden Restaurants (NYSE: DRI)
The analyst comments "While traffic trends remain negative at Olive Garden (45% of sales; F2H24 traffic decline of 3.3%), the company remains focused on profitable... More
BTIG Reiterates Buy Rating on Darden Restaurants (DRI)
June 21, 2024 4:56 AM EDTBTIG analyst Peter Saleh reiterated a Buy rating and $175.00 price target on Darden Restaurants (NYSE: DRI).
The analyst comments "Darden posted a mixed quarter this morning, with slightly better earnings despite modestly weaker same-store sales amid heightened competitive activity. The heavily promotional... More
Truist Securities Reiterates Buy Rating on Darden Restaurants (DRI)
June 20, 2024 8:28 AM EDTTruist Securities analyst Jake Bartlett reiterated a Buy rating and $185.00 price target on Darden Restaurants (NYSE: DRI)
The analyst comments "DRI reported a F4Q24 slight EPS beat and SSS miss and issued slightly below consensus initial FY25 guidance. However, with... More
Morgan Stanley Reiterates Overweight Rating on Darden Restaurants (DRI)
June 20, 2024 8:17 AM EDTMorgan Stanley analyst John Glass reiterated an Overweight rating and $175.00 price target on Darden Restaurants (NYSE: DRI).
The analyst comments "To cut to the chase, FY25 guidance of $9.40-9.60 we think is better than many expected, and encompasses our own estimate ($9.43) and consensus ($9.53), while a number of investors had assumed lower than this, which could support the stock today given that view. Of course, how the company gets to this... More
Citi Reiterates Buy Rating on Darden Restaurants (DRI)
June 20, 2024 7:51 AM EDTCiti analyst Jon Tower reiterated a Buy rating and $191.00 price target on Darden Restaurants (NYSE: DRI).
The analyst comments "Investors got a print that was pretty much down the middle of the expectations fairway, with a soft OG and better LH comp, EPS... More
