Darden Restaurants downgraded by Bernstein with a new price target
$DRI
Restaurants
Consumer Discretionary
Bernstein downgraded Darden Restaurants from Outperform to Mkt Perform and set a new price target of $180.00 from $190.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/20/2024 | $165.00 → $205.00 | In-line → Outperform | Evercore ISI |
| 9/20/2024 | $190.00 → $180.00 | Outperform → Mkt Perform | Bernstein |
| 7/23/2024 | $170.00 → $150.00 | Buy → Hold | TD Cowen |
| 7/11/2024 | $154.00 → $124.00 | Hold → Underperform | Jefferies |
| 5/17/2024 | $175.00 | Neutral → Buy | BTIG Research |
| 4/12/2024 | $170.00 | Equal-Weight | Stephens |
| 10/19/2023 | $159.00 | Buy | Deutsche Bank |
| 7/18/2023 | $167.00 | Neutral | Piper Sandler |
ORLANDO, Fla., Nov. 19, 2024 /PRNewswire/ -- Darden Restaurants, Inc., (NYSE:DRI) plans to release its fiscal 2025 second quarter financial results before the market opens on Thursday, December 19, 2024, with a conference call to follow at 8:30 am ET. Rick Cardenas, CEO, and other senior management will discuss second quarter results and conduct a question and answer session. For those who cannot listen to the live broadcast, a replay will be available shortly after the call. What: Darden Restaurants, Inc. Fiscal 2025 Second Quarter Earnings Conference Call When: 8:30 am ET,
ORLANDO, Fla., Oct. 11, 2024 /PRNewswire/ -- Darden Restaurants, Inc. ("Darden") (NYSE:DRI) today announced that it has completed the acquisition of Chuy's Holdings, Inc. ("Chuy's Holdings") in an all-cash transaction with an enterprise value of approximately $605 million. The transaction was approved by a majority of Chuy's Holdings stockholders on October 10, 2024. This follows the merger agreement that was announced on July 17, 2024. Darden financed the acquisition with a portion of the proceeds of a $400 million offering of 4.350% senior notes due 2027 and a $350 million offering of 4.550% senior notes due 2029, which were issued on October 3, 2024. With the acquisition now complete, Ch
ORLANDO, Fla., Sept. 19, 2024 /PRNewswire/ -- Darden Restaurants, Inc. (NYSE:DRI) today reported its financial results for the first quarter ended August 25, 2024. First Quarter 2025 Financial Highlights, Comparisons Versus Same Fiscal Quarter Last Year Total sales increased 1.0% to $2.8 billion, driven by sales from 42 net new restaurants, partially offset by a blended same-restaurant sales* decrease of (1.1)%Same-restaurant sales:Consolidated Darden* (1.1) % Olive Garden (2.9) % LongHorn Steakhouse 3.7 % Fine Dining* (6.0) % Other Business (1.8) % Reported diluted net earnings per share from continuing operations were $1.74Excluding $0.01 of Chuy's transaction and integration related cost
NEW YORK, Oct. 7, 2024 /PRNewswire/ -- DocuSign Inc. (NASD:DOCU) will replace MDU Resources Group Inc. (NYSE:MDU) in the S&P MidCap 400, and MDU Resources Group will replace Chuy's Holdings Inc. (NASD:CHUY) in the S&P SmallCap 600 effective prior to the opening of trading on Friday, October 11. S&P 500 constituent Darden Restaurants Inc. (NYSE:DRI) is acquiring Chuy's Holdings in a deal expected to be completed soon, pending final closing conditions. MDU Resources announced its intention to spin-off a company later this month. Following is a summary of the changes that will take place prior to the open of trading on the effective date: Effective Date Index Name Action Company Name Ti
Chair Mary J. Guilfoile, Who Has Served With Distinction, to Step Down Following the 2024 Annual Meeting William S. Simon and Jill Sutton, Who Collectively Possess Experience in Capital Allocation, Corporate Governance and Transformations, Have Been Added to the Board Pitney Bowes Inc. (NYSE:PBI) ("Pitney Bowes" or the "Company"), a global shipping and mailing company that provides technology, logistics and financial services, today announced that Mary J. Guilfoile will step down as Chair and retire from the Board of Directors (the "Board") following the 2024 Annual Meeting of Stockholders (the "Annual Meeting"). The Board will elect a new Chair following Ms. Guilfoile's retirement. Add
ORLANDO, Fla., June 22, 2023 /PRNewswire/ -- Darden Restaurants, Inc. (NYSE:DRI) ("Darden" and "the Company") and Eugene I. Lee, Jr., Chairman of the Board of Directors of the Company, today announced that Mr. Lee has decided not to stand for reelection at the Company's 2023 Annual Meeting. Following the annual meeting, the Board will be comprised of nine members. "Serving as Darden's CEO and as a member and Chairman of the Board of Directors has been an honor," said Mr. Lee. "I am proud of what we have accomplished and believe that Darden is well-positioned to continue to grow and prosper for years to come." Darden Chief Executive Officer, Rick Cardenas, stated, "Gene is an extraordinary le
ORLANDO, Fla., Nov. 19, 2024 /PRNewswire/ -- Darden Restaurants, Inc., (NYSE:DRI) plans to release its fiscal 2025 second quarter financial results before the market opens on Thursday, December 19, 2024, with a conference call to follow at 8:30 am ET. Rick Cardenas, CEO, and other senior management will discuss second quarter results and conduct a question and answer session. For those who cannot listen to the live broadcast, a replay will be available shortly after the call. What: Darden Restaurants, Inc. Fiscal 2025 Second Quarter Earnings Conference Call When: 8:30 am ET,
ORLANDO, Fla., Oct. 11, 2024 /PRNewswire/ -- Darden Restaurants, Inc. ("Darden") (NYSE:DRI) today announced that it has completed the acquisition of Chuy's Holdings, Inc. ("Chuy's Holdings") in an all-cash transaction with an enterprise value of approximately $605 million. The transaction was approved by a majority of Chuy's Holdings stockholders on October 10, 2024. This follows the merger agreement that was announced on July 17, 2024. Darden financed the acquisition with a portion of the proceeds of a $400 million offering of 4.350% senior notes due 2027 and a $350 million offering of 4.550% senior notes due 2029, which were issued on October 3, 2024. With the acquisition now complete, Ch
NEW YORK, Oct. 7, 2024 /PRNewswire/ -- DocuSign Inc. (NASD:DOCU) will replace MDU Resources Group Inc. (NYSE:MDU) in the S&P MidCap 400, and MDU Resources Group will replace Chuy's Holdings Inc. (NASD:CHUY) in the S&P SmallCap 600 effective prior to the opening of trading on Friday, October 11. S&P 500 constituent Darden Restaurants Inc. (NYSE:DRI) is acquiring Chuy's Holdings in a deal expected to be completed soon, pending final closing conditions. MDU Resources announced its intention to spin-off a company later this month. Following is a summary of the changes that will take place prior to the open of trading on the effective date: Effective Date Index Name Action Company Name Ti
SC 13G/A - DARDEN RESTAURANTS INC (0000940944) (Subject)
SC 13G/A - DARDEN RESTAURANTS INC (0000940944) (Subject)
SC 13G/A - DARDEN RESTAURANTS INC (0000940944) (Subject)
Evercore ISI upgraded Darden Restaurants from In-line to Outperform and set a new price target of $205.00 from $165.00 previously
Bernstein downgraded Darden Restaurants from Outperform to Mkt Perform and set a new price target of $180.00 from $190.00 previously
TD Cowen downgraded Darden Restaurants from Buy to Hold and set a new price target of $150.00 from $170.00 previously
11-K - DARDEN RESTAURANTS INC (0000940944) (Filer)
8-K - DARDEN RESTAURANTS INC (0000940944) (Filer)
8-K - DARDEN RESTAURANTS INC (0000940944) (Filer)
TD Cowen analyst Andrew Charles downgrades Darden Restaurants (NYSE:DRI) from Buy to Hold and lowers the price target from $170 to $150.
Piper Sandler analyst Brian Mullan maintains Darden Restaurants (NYSE:DRI) with a Neutral and lowers the price target from $163 to $159.
Stephens & Co. analyst Jim Salera reiterates Darden Restaurants (NYSE:DRI) with a Equal-Weight and maintains $165 price target.
4 - DARDEN RESTAURANTS INC (0000940944) (Issuer)
4 - DARDEN RESTAURANTS INC (0000940944) (Issuer)
4 - DARDEN RESTAURANTS INC (0000940944) (Issuer)