Darden Restaurants stock jumps following Q1 earnings

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

Olive Garden-owner Darden partners with Uber for delivery; shares jump

(Reuters) - Olive Garden-owner Darden Restaurants said on Thursday it has entered into a delivery deal with Uber Technologies, sending its shares up about 7% in premarket trading.

The partnership is set to kick off as a pilot program at some Olive Garden locations in the United States in late 2024 and expand to all 900 outlets across the country by May 2025 after a successful trial, Darden said, without giving other details.

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 (DRI) Misses Q1 EPS by 9c

Darden Restaurants (NYSE: DRI) reported Q1 EPS of $1.75, $0.09 worse than the analyst estimate of $1.84. Revenue for the quarter came in at $2.76 billion versus the consensus estimate of $2.81 billion.

GUIDANCE:

Darden Restaurants sees FY2025 EPS of $9.40-$9.60, versus the consensus of... More

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

Darden Restaurants, Inc., (NYSE: DRI) and Uber Technologies, Inc. (NYSE: UBER) have entered into an exclusive multi-year delivery partnership, set to begin with Olive Garden in late 2024. The agreement will enable restaurant guests to order on-demand delivery via Darden restaurant channels, with delivery handled by Uber Direct, through... More

Darden Restaurants (DRI) puts more active than calls into quarter results

Darden Restaurants (NYSE: DRI) September 160 straddle priced for a move of 5.5%into the expected release of quarter results today before the bell on September 19. Call put ratio 1 call to 2.4 puts.

Darden Restaurants (DRI) option IV elevated into quarter results

Darden Restaurants (NYSE: DRI) September call option implied volatility is at 75, October is at 28; compared to its 52-week range of 15 to 59 into the expected release of quarter results before the bell on September 19.

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 "We reiterate our Buy rating and $175 price target on Darden shares ahead of earnings on Thursday as we think investor sentiment remains overly negative... More