The Latest Breaking News from Darden Restaurants Inc

Shares of Darden Restaurants Inc (NYSE:DR) tanked in early trading on Friday, after the company reported downbeat first quarter results.

Shares of Darden Restaurants Inc (NYSE:DRI) tanked in early trading on Monday, after the company Monday reported its fiscal fourth-quarter results.

Consumer spending remains resilient despite the macroeconomic uncertainties. Moreover, easing inflation pressures should boost consumer spending. Therefore, fundamentally strong consumer stocks McDonald's (MCD) and Darden Restaurants (DRI) could be ideal purchases amid the holiday season. Read on….

Analysts at BofA Securities initiate coverage of Texas Roadhouse Inc. (NASDAQ: TXRH) and Darden Restaurants Inc.

Wedbush analyst Nick Setyan lowered the price target on Darden Restaurants Inc (NYSE:DRI) to $122 (3% upside) from $140 and kept a Neutral rating on the shares. The analyst noted that FY23 guidance is predicated on normalization in inflation trends in the second half and has lowered his FY23 EPS estimate to $7.60 from $8.41…

Darden Restaurants Inc (NYSE:DRI) reported fourth-quarter FY22 sales growth of 14.2% year-on-year to $2.60 billion, beating the consensus of $2.54 billion. Same-restaurant sales increased 11.7% versus last year. Olive Garden sales increased 8.2%, LongHorn Steakhouse climbed 13.2%, and Fine Dining jumped 40.7%. Darden clocked an operating margin of 13%, and the operating income…

The Consumer Price Index is expected to remain flat in May. Furthermore, the leading indicators of inflation are showing signs of easing. So, we think investors who believe inflation has peaked could now look to add the stocks of consumer discretionary companies O’Reilly Automotive (ORLY), InterContinental Hotels (IHG), Darden Restaurants…

Darden Restaurants Inc's (NYSE:DRI) short percent of float has risen 17.98% since its last report. The company recently reported that it has 4.01 million shares sold short, which is 3.15% of all regular shares that are available for trading.

Credit Suisse analyst Lauren Silberman lowered the price target on Darden Restaurants Inc (NYSE:DRI) from $180 to $175 and maintained Outperform rating on the shares. The revised price target implies a 34% upside. While the analyst acknowledged the concerns about the discretionary nature of casual dining, she believes Darden is well-positioned to wade through near-term…