Darden Restaurants, Inc. (DRI) Raises Quarterly Dividend 10% to $0.55; 4.3% Yield
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Go back to Darden Restaurants, Inc. (DRI) Raises Quarterly Dividend 10% to $0.55; 4.3% Yield
June 24, 2013 1:44 PM EDT
Jefferies reiterated its Hold rating on Darden Restaurants (NYSE: DRI) Monday but raised its price target from $43 to $50 following Q4 results Friday. Estimates were also adjusted and fall below the consensus.
Analyst Andy Barish comments, "F4Q SSS of +2.2% beat the Street's 0% as... More
June 21, 2013 12:54 PM EDT
Goldman Sachs maintained a Neutral rating on Darden Restaurants (NYSE: DRI) and lowered its price target to $49 (from $52). On Friday morning Darden Restaurants reported Q4 results that missed estimates. This prompted analysts to lower EPS estimates for FY2014-2016 to $2.99/$3.09/$3.19 from $3.09/$3.26/$3.40.
"Traffic growth... More
June 21, 2013 7:01 AM EDT
(Updated - June 21, 2013 7:18 AM EDT)
Darden Restaurants, Inc. (NYSE: DRI) reported Q4 EPS of $1.02, versus the analyst estimate of $1.04. Revenue for the quarter came in at $2.3 billion versus the consensus estimate of $2.27 billion.
The increase reflects blended same-restaurant sales growth of 2.2 percent for Olive Garden, Red Lobster and LongHorn Steakhouse, same restaurant-sales growth of 2.3 percent for the Company's Specialty Restaurant Group, the addition of 44 Yard House restaurants (including the 40 restaurants that were acquired and four that were opened following acquisition) and the operation of another 100 net new restaurants compared to the... More
