Multiple reports indicate both bearish and bullish sentiment on Darden Restaurants Inc. (DRI). DRI's stocks have performed, at times, below competitors but also had strong trading days where they outperformed. Additionally, reports highlighted a compelling valuation with upgrade by BTIG Research, earning the attraction of Principal Securities Inc. and Private Advisor Group, LLC that have significant stakes. Although sales were reportedly hurt by a tougher operating environment, which led to share sinking Director William Simon sold his shares of DRI, BTIG analyst Peter Saleh touts DRI as a promising stock on account of its debt management and dividend growth.
Other investors see long-term value, and analysts anticipate earnings growth. However, DRI lowered outlook due to lower-income consumer pullback. It's reported that new stakes have been acquired by firms like Apexium Financial LP and Russell Investments Group while existing ones were enlarged by Kestra Private Wealth Services LLC, abrdn plc and Patton Albertson Miller Group LLC, indicating positive investor confidence. Despite this, a warning against holding certain restaurant stocks in a potential crash is worth noting.
Darden Restaurants Stocks DRI News Analytics from Wed, 15 Apr 2020 07:00:00 GMT to Sat, 18 May 2024 20:13:04 GMT - Rating 0 - Innovation -5 - Information 7 - Rumor -4