Darden Restaurants (DRI) and Uber (UBER) Partner to Introduce On-Demand Delivery, Olive Garden the First to Pilot

Evercore ISI Upgrades Darden Restaurants (DRI) to Outperform

Evercore ISI analyst David Palmer upgraded Darden Restaurants (NYSE: DRI) from In Line to Outperform with a price target of $205.00 (from $165.00).

The analyst comments "Our view: We are upgrading DRI to Outperform (from In Line) with a price target of $205 (from $165)... More

Darden Restaurants (DRI) PT Raised to $165 at Wells Fargo

Wells Fargo analyst Jon Tower raised the price target on Darden Restaurants (NYSE: DRI) to $165.00 (from $160.00) while maintaining a Equal Weight rating.

The analyst comments "While FQ1 was expectedly weak, DRI is taking action and shares are understandably higher. Trends accelerated post-July,... More

Darden Restaurants (DRI) PT Raised to $195 at BTIG

BTIG analyst Peter Saleh raised the price target on Darden Restaurants (NYSE: DRI) to $195.00 (from $175.00) while maintaining a Buy rating.

The analyst comments "We reiterate our Buy rating on Darden shares following an eventful earnings print this morning, and raise our price... More

Darden Restaurants (DRI) PT Raised to $209 at Citi

Citi analyst Lynne Collier raised the price target on Darden Restaurants (NYSE: DRI) to $209.00 (from $191.00) while maintaining a Buy rating.

The analyst comments "Investors bemoaned DRIs lack of responsiveness to an increasingly promotional competitive backdrop, but the NEPB pull... More

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

Barclays analyst Jeffrey Bernstein raised the price target on Darden Restaurants (NYSE: DRI) to $192.00 (from $180.00) while maintaining a Overweight rating.

The analyst comments "Darden's portfolio has brands across the consumer spectrum and therefore their industry color carries significant weight. Darden made it clear their portfolio and the broader industry were pressured by... 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 "Fiscal 1Q SSS below expectations. F1Q25 adjusted EPS was $1.75 (-2% YoY; EVRe $1.85; cons. $1.83) and helped by a lower tax rate. Consolidated SSS... More

Barclays on Darden Restaurants (DRI): 'We expect shares to outperform the market this AM'

Barclays analyst Jeffrey Bernstein reiterated an Overweight rating and $180.00 price target on Darden Restaurants (NYSE: DRI).

The analyst comments "We expect shares to outperform the market this AM, though influenced by color on the 8:30amET call. Performance will be driven by... 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 "It was a quarter to forget at DRI, but one that may have spurred greater internal urgency to address slipping sales by pulling... More

Darden Restaurants stock jumps following Q1 earnings

(Updated - September 19, 2024 9:45 AM EDT)

Darden Restaurants, Inc. (NYSE: DRI) reported first-quarter fiscal 2025 results that missed analyst expectations but saw its stock jump as the company maintained its full-year outlook and noted improving sales trends. In a separate release, DRI also said it has entered into an exclusive multi-year delivery partnership with Uber, set to begin with Olive Garden in late 2024.

At the time of writing, DRI shares are up over 6% on Thursday, shortly after the open.

The parent company of Olive Garden and LongHorn Steakhouse posted adjusted earnings per... More