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The Latest Breaking News from DRI

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…

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

$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.

Darden Restaurants' Q3 Earnings Miss Estimates Bitten By Omicron

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…

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2,200kg red sanders seized in Kochi

KOCHI: In a major haul, nearly 2,200kg of red sanders, which were to be smuggled to the Middle East via sea route, was seized by the directorate of revenue Intelligence (DRI) during a special operation in Kochi.

The Times of India

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

Srinagar businessman arrested in Rs 190 crore carpet export scam

LUDHIANA: In a major operation, the Directorate of Revenue Intelligence (DRI) Ludhiana arrested a prominent carpet businessman of Srinagar.

The Times of India

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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CTI BioPharma's Bone Marrow Cancer Drug Scores FDA Approval

CTI BioPharma's Bone Marrow Cancer Drug Scores FDA Approval

The FDA approved CTI BioPharma Corp's (NASDAQ:CTIC) Vonjo (pacritinib) for treating adult patients with myelofibrosis, a type of bone marrow cancer with low blood platelets count. Pacritinib is a JAK inhibitor and will compete with Incyte Corporation's (NASDAQ:INCY) Jakafi and Bristol Myers Squibb's Co (NYSE:BMY) Inrebic, which were approved in 2011 and 2019, respectively for myelofibrosis. CTI…

Mumbai: Nigerian held with cocaine concealed in his body

Mumbai: Nigerian held with cocaine concealed in his body

MUMBAI: A 43-year-old Nigerian national, who smuggled 216 grams of cocaine inside his body, was arrested by the directorate revenue of intelligence (DRI) on Sunday in Mumbai.

The Times of India

Will Chart Analysts Notice Bad Omen on Darden Restaurants's Chart

Will Chart Analysts Notice Bad Omen on Darden Restaurants's Chart

If history is any guide, there may be trouble ahead for shares of Darden Restaurants (NYSE:DRI). A so-called "death cross" has formed on its chart and, not surprisingly, this could be bearish for the stock.

3 Buy the Dip Restaurant Stocks That Pay Dividends

3 Buy the Dip Restaurant Stocks That Pay Dividends

The restaurant industry is well-positioned for a solid rebound. Therefore, amid heightened market volatility on concerns about looming interest rate hikes, we think it could be wise to bet on dividend-paying restaurant stocks Darden Restaurants (DRI), Dine Brands (DIN), and Ruth’s Hospitality (RUTH) to ensure a steady portfolio income stream.…

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