Darden Restaurants (DRI) PT Raised to $192 at Citi

UBS Reiterates Buy Rating on Darden Restaurants (DRI)

UBS 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 Lowered to $180 at Stifel

(Updated - June 21, 2024 5:38 AM EDT)

Stifel analyst Chris O'Cull lowered the price target on Darden Restaurants (NYSE: DRI) to $180.00 (from $190.00) while maintaining a Buy rating.

The analyst commented: "Darden reported better than expected F4Q earnings of $2.65 (Stifel $2.62, Street $2.61), with the upside... More

Darden Restaurants (DRI) PT Raised to $185 at BofA Securities

BofA 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)

Evercore 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)

BTIG 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)

Truist 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)

Morgan 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)

Citi 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

Darden Restaurants (DRI) Tops Q4 EPS by 4c, Beats on Revenue; Offers FY25 Revenue Guidance

Darden Restaurants (NYSE: DRI) reported Q4 EPS of $2.65, $0.04 better than the analyst estimate of $2.61. Revenue for the quarter came in at $3 billion versus the consensus estimate of $2.98 billion.

GUIDANCE:

Darden Restaurants sees FY2025 revenue of $11.8-11.9 billion, versus the consensus of... More

Darden Restaurants (DRI) June 150 straddle into quarter results

Darden Restaurants (NYSE: DRI) June 150 straddle priced for a move of 5% into the expected release of quarter results today before the bell.