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The Latest Breaking News from DRI

2 Consumer Stocks to Consider Buying This Week

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….

StockNews.com

Heroin worth more than ₹100 crore seized at Mumbai airport; woman from Ghana among two held

The Directorate of Revenue Intelligence had laid a trap at the Chhatrapati Shivaji Maharaj International Airport on a tip-off that a passenger travelling from Malawi, an African country, was trying to smuggle narcotic drugs into India

The Hindu

Pakistani fishing boat with drugs worth ₹200 crore seized off Gujarat

According to officials, the fishing boat carrying drugs was intercepted mid-sea by a joint team of the Indian Coast Guard and Gujarat ATS near Jakhau harbour in Kutch district.

The Hindu

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Woman traveller held at Gannavaram airport, 980 g gold seized

Accused smuggled ornaments from UAE, say DRI officials

The Hindu

Gujarat ATS and DRI in a joint operation seized heroin worth ₹200 crore from Kolkata

The drug consignment had apparently arrived from Dubai in February this year

The Hindu

DRI arrests man in Bengaluru carrying 16 kg of heroin worth ₹112 crore

The biggest seizure for the Bengaluru unit of DRI, this is the second such arrest this week — on Aug 3, an African national was arrested for smuggling ₹11 crore worth of cocaine

The Hindu

DRI arrests two African nationals; seizes ₹34 crore worth heroin, meth

Bengaluru

The Hindu

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DRI detects Customs duty ‘evasion’ of ₹4,389 crore by Oppo India

The DRI’s earlier searches yielded ‘incriminating’ evidence indicating alleged wilful mis-declaration in the description of certain items imported by Oppo India for use in the manufacture of mobile phones.

The Hindu

Police seize 75 kg heroin near Mundra port in Gujarat

Officials say Gujarat’s ports and porous sea coast are being increasingly used as transit centres to smuggle drugs

The Hindu

Read How Analysts Reacted To Darden Restaurants' Q4 Results

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…

Benzinga

Earnings Beat, Dividend Hike, New Buyback: Darden Restaurants' Q4 Highlights

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…

Benzinga

Think Inflation Has Peaked? Then Consider Buying These 5 Consumer Discretionary Stocks

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…

StockNews.com

Cocaine worth over ₹500 crore seized near Mundra Port in Gujarat

A team of DRI officials searched and scanned a container, which had arrived a few days back from Dubai and housed at a Container Freight Station near the port in Mundra.

The Hindu

₹1,526 cr. worth of heroin seized off Lakshadweep

Joint operation conducted by DRI and Indian Coast Guard

The Hindu

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The Hindu

‘Over 10 crore drug users in India’

70% increase in narcotics consumption in past 8 years: Hyderabad CP

The Hindu

Cocaine worth ₹ 80 cr. seized at RGIA

Two foreign nationals were carrying 8 kg of contraband

The Hindu

Tanzanian who swallowed cocaine capsules to smuggle in India caught at Hyderabad airport

1,157 grams of cocaine worth ₹11.57 crore seized by DRI

The Hindu

Heroin worth ₹1,500 crore seized at Kandla port in Gujarat

On a tip-off, Gujarat’s Anti Terrorist Squad launched a joint operation with Directorate of Revenue Intelligence

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Benzinga

Wednesday Is Your Last Chance To Buy Darden Restaurants Before The Dividend Payout

Wednesday marks the last chance for investors to receive the next dividend payout from Darden Restaurants (NYSE:DRI).

The Hindu

Drug trafficking via freight containers a major challenge

Enforcement agencies trying to curb the emerging trend of criminal syndicates using this mode for contraband smuggling

Benzinga

Analysts Slash Price Target On This Restaurant Company Post Q3 Results

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…

Benzinga

$100 Invested In Darden Restaurants 20 Years Ago Would Be Worth This Much

Darden Restaurants (NYSE:DRI) has outperformed the market over the past 20 years by 1.53% on an annualized basis producing an average annual return of 8.62%. Currently, Darden Restaurants has a market capitalization of $17.00 billion.

Benzinga

Darden Restaurants' Q3 Earnings Miss Estimates Bitten By Omicron

Darden Restaurants Inc (NYSE:DRI) reported third-quarter FY22 sales growth of 41.3% year-on-year, to $2.45 billion, missing the consensus of $2.51 billion. Same-restaurant sales increased 38.1%. Darden clocked an operating margin of 12.3%, and the operating income jumped 103.4% Y/Y to $301 million. EBITDA was $395 million. EPS of $1.93 missed the consensus of…

The Hindu

Amphetamine worth ₹40 lakh found hidden in clock at KIA’s cargo section

The package was slated to be shipped to Saudi Arabia and was booked by a person from Tamil Nadu with a fake name and address of the sender

StockNews.com

Forget Starbucks, Buy These 3 Restaurant Stocks Instead

Despite strong demand for its products, rising input costs, supply chain bottlenecks, and labor shortages have caused prominent coffee chain Starbucks (SBUX) to miss analysts’ estimates in its last reported quarter. And bcause SBUX could continue raising prices to offset its rising input costs, many analysts are worried about the…

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