DRI stock benefits from restaurant expansion initiatives and strategic collaborations amid increased costs and expenses.
Today I'm initiating coverage of Darden Restaurants with a buy rating, driven largely by growth indicators and strong macro consumer forecasts. The +3% dividend yield beats several peers, an attractive play for dividend investors who want portfolio exposure to restaurants. Despite trading near a 10-year high, the stock remains undervalued on forward P/E and EV/EBITDA ratios vs. key peers.
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DRI enhances its restaurant offerings with the acquisition of Chuy's.
Olive Garden parent Darden Restaurants, Inc (NYSE:DRI) was last seen down 0.9% at $157.22.
Olive Garden parent Darden Restaurants, Inc (NYSE:DRI) was last seen down 0.9% at $157.22.
Susan Connelly, the Senior Vice President, Chief Communications and Public Affairs Officer of Darden Restaurants Inc (DRI, Financial), sold 3,320 shares of the company on October 1, 2024. The transaction was reported in a recent SEC Filing.
TipRanks' analyst ranking service pinpoints Wall Street's best-performing stocks, including Darden Restaurants and Target
Darden Restaurant's NYSE: DRI stock has numerous advantages for investors, as seen in the price action. The stock has been volatile in recent years, but each downswing is met by an upswing, and momentum is building in H2 2024.
Clarence Otis, former Darden Restaurants CEO, joins 'The Exchange' to discuss the shift in consumer spending on food, how restaurant stocks can rebound from their current decline, and more.
Darden Restaurants, Inc. DRI reported weaker-than-expected first-quarter financial results on Thursday.