Darden Restaurants upgraded by Bernstein with a new price target
$DRI
Restaurants
Consumer Discretionary
Bernstein upgraded Darden Restaurants from Mkt Perform to Outperform and set a new price target of $215.00 from $180.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/22/2025 | $180.00 → $215.00 | Mkt Perform → Outperform | Bernstein |
| 12/5/2024 | $183.00 | Neutral | Goldman |
| 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 |
Cheddar's is the next Darden brand to test first-party delivery following the successful rollout at Olive Garden ORLANDO, Fla. and SAN FRANCISCO, March 20, 2025 /PRNewswire/ -- Darden Restaurants, Inc., (NYSE:DRI) and Uber Technologies, Inc. (NYSE:UBER) announced today that Cheddar's Scratch Kitchen is the next Darden brand to pilot on-demand delivery. Cheddar's is currently conducting the pilot in 10 restaurants, enabling guests to order delivery directly through the Cheddar's website and app, while Uber Direct will handle deliveries through Uber's national delivery network. Following the completion of a successful pilot, Cheddar's plans to deploy it more broadly across their system. "We h
ORLANDO, Fla., March 20, 2025 /PRNewswire/ -- Darden Restaurants, Inc. (NYSE:DRI) today reported its financial results for the third quarter ended February 23, 2025. Third Quarter 2025 Financial Highlights, Comparisons Versus Same Fiscal Quarter Last Year Total sales increased 6.2% to $3.2 billion, driven by a blended same-restaurant sales* increase of 0.7% and sales from the acquisition of 103 Chuy's restaurants and 40 net new restaurantsSame-restaurant sales:Consolidated Darden* 0.7 % Olive Garden 0.6 % LongHorn Steakhouse 2.6 % Fine Dining (0.8) % Other Business* (0.4) % Reported diluted net earnings per share from continuing operations were $2.74Excluding $0.06 of Chuy's transaction and
ARB's Portfolio of Regional Restaurant Brands Reaches $1 Billion in Annual Revenue Alex Macedo named Chief Executive Officer; Jon Howie named Chief Financial Officer Authentic Restaurant Brands ("ARB"), a platform of leading regional restaurant brands and portfolio company of Garnett Station Partners, LLC ("Garnett Station" or "GSP"), today announced that Tavern in the Square ("Tavern"), the iconic New England polished-casual dining brand, has joined ARB through the recapitalization of its parent company, Broadway Hospitality Group ("BHG"). The transaction, ARB's fifth in five years, grows the ARB platform to approximately $1 billion in annual revenue and over $150 million in EBITDA.
ARB's Portfolio of Regional Restaurant Brands Reaches $1 Billion in Annual Revenue Alex Macedo named Chief Executive Officer; Jon Howie named Chief Financial Officer Authentic Restaurant Brands ("ARB"), a platform of leading regional restaurant brands and portfolio company of Garnett Station Partners, LLC ("Garnett Station" or "GSP"), today announced that Tavern in the Square ("Tavern"), the iconic New England polished-casual dining brand, has joined ARB through the recapitalization of its parent company, Broadway Hospitality Group ("BHG"). The transaction, ARB's fifth in five years, grows the ARB platform to approximately $1 billion in annual revenue and over $150 million in EBITDA.
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
Bernstein upgraded Darden Restaurants from Mkt Perform to Outperform and set a new price target of $215.00 from $180.00 previously
Goldman initiated coverage of Darden Restaurants with a rating of Neutral and set a new price target of $183.00
Evercore ISI upgraded Darden Restaurants from In-line to Outperform and set a new price target of $205.00 from $165.00 previously
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ORLANDO, Fla., March 20, 2025 /PRNewswire/ -- Darden Restaurants, Inc. (NYSE:DRI) today reported its financial results for the third quarter ended February 23, 2025. Third Quarter 2025 Financial Highlights, Comparisons Versus Same Fiscal Quarter Last Year Total sales increased 6.2% to $3.2 billion, driven by a blended same-restaurant sales* increase of 0.7% and sales from the acquisition of 103 Chuy's restaurants and 40 net new restaurantsSame-restaurant sales:Consolidated Darden* 0.7 % Olive Garden 0.6 % LongHorn Steakhouse 2.6 % Fine Dining (0.8) % Other Business* (0.4) % Reported diluted net earnings per share from continuing operations were $2.74Excluding $0.06 of Chuy's transaction and
ORLANDO, Fla., Feb. 20, 2025 /PRNewswire/ -- Darden Restaurants, Inc., (NYSE:DRI) plans to release its fiscal 2025 third quarter financial results before the market opens on Thursday, March 20, 2025, with a conference call to follow at 8:30 am ET. Rick Cardenas, CEO, and other senior management will discuss third 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 Third Quarter Earnings Conference Call When: 8:30 am ET, Thursday, March 20, 2025 Where: https://event.choruscall.com/mediaframe/webcast.html?webcastid=guS5xmCU How: Live over the
ORLANDO, Fla., Dec. 19, 2024 /PRNewswire/ -- Darden Restaurants, Inc. (NYSE:DRI) today reported its financial results for the second quarter ended November 24, 2024. Second Quarter 2025 Financial Highlights, Comparisons Versus Same Fiscal Quarter Last Year Total sales increased 6.0% to $2.9 billion, driven by a blended same-restaurant sales* increase of 2.4% and sales from the addition of 103 Chuy's restaurants and 39 net new restaurantsSame-restaurant sales:Consolidated Darden* 2.4 % Olive Garden 2.0 % LongHorn Steakhouse 7.5 % Fine Dining** (5.8) % Other Business* 0.7 % Reported diluted net earnings per share from continuing operations were $1.82Excluding $0.21 of Chuy's transaction and i