Darden Restaurants, Inc. (DRI)
Darden (DRI) to Diversify Its Portfolio by Acquiring Chuy's
Darden (DRI) is set to diversify its product offerings and reach out to new customers by acquiring Chuy's Holdings. The transaction is expected to close by Darden's second-quarter fiscal 2025.
Darden Restaurants to acquire Chuy's for approximately $605 million
Darden agreed to acquire all outstanding shares of Chuy's at $37.50 per share, according to a press release. The Tex-Mex restaurant chain joins Darden's portfolio that includes restaurants such as Olive Garden, LongHorn Steakhouse and Ruth's Chris Steak House.
Darden Restaurants buys Tex-Mex chain Chuy's for $605 million
Darden Restaurants said Wednesday it is buying the Tex-Mex chain Chuy's as it seeks to expand its dining options.
Analyst Sours on Underperforming Restaurant Stock
Darden Restaurants, Inc. (NYSE:DRI) stock is muted after Jefferies downgraded the Olive Garden parent to "underperform" from "hold" and slashed its price target by $30 to $124.
This Darden Analyst Turns Bearish; Here Are Top 5 Downgrades For Thursday
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our analyst ratings page.
3 Underappreciated Stocks Ready to Break Out: July Edition
When it comes to companies representing the most upside potential, indicating they are underappreciated, small-cap companies come to mind. These businesses are often valued between $250 million to $2 billion.
Darden Restaurants and Chuy's downgraded at Jefferies, amid customer traffic concerns
Shares of Darden Restaurants and Chuy's Holdings were under pressure ahead of Thursday's open after Jefferies analysts downgraded both companies on worries over footfall concerns.
The 3 Smartest Restaurant Stocks to Buy With $1K Right Now
Smart investors will watch restaurant stocks since the business is estimated to generate over $1 trillion in 2024. The industry is expected to gain 200,000 jobs this year, reaching 15.7 million.
Here's Why You Should Retain Darden Restaurants (DRI) Stock Now
Darden (DRI) intends to enhance its internal digital media capabilities to drive traffic and growth. However, inflationary pressures are a concern.
Is Olive Garden the Next Red Lobster?
Darden Restaurants‘ (NYSE: DRI) recent earnings report revealed mixed results, with Olive Garden struggling to grow same-store sales.
Olive Garden parent CEO says fast food inflation driving customers to sit-down franchises
Darden Restaurants CEO Rick Cardenas said high prices at fast food restaurants are benefitting casual sit-down restaurants, like his competitors Chili's Grill & Bar and Applebee's.
Olive Garden raising menu prices again
Popular Italian restaurant chain Olive Garden expects to raise prices "more in line with inflation" moving forward, parent company Darden said in its earnings call this week.
