The news surrounding Darden Restaurants, Inc. (NYSE:DRI) are diverse and numerous. The company has seen some shifts in its shares with various institutions such as TCW Group, QRG Capital Management, and William Simon selling 227,350, 4,806, and undisclosed amount of shares respectively. On the other hand, Blue Trust, Envestnet Portfolio Solutions, and SG Americas Securities have increased their holdings. Darden's current financial performance and potential is largely perceived positively by analysts and investors. Darden's dividend plan has grown with the company recently announcing to increase its dividend to $1.40. Moreover, Darden's Q4 earnings outperformed estimates. Although its same-store sales have declined since pandemic, this has been offset by its Ruth's Chris acquisition. Darden has taken another strategic initiative by purchasing the Chuy's Tex-Mex Restaurant Chain, strengthening its position in the industry. However, Darden's stock trends are showing signs of some bearish outlooks and Jefferies has downgraded Darden Restaurants to Underperform. Regardless of this, the company's shares are continually considered a good buy and Darden as a quality investment.
Darden Restaurants Stocks DRI News Analytics from Tue, 05 Dec 2023 08:00:00 GMT to Sun, 18 Aug 2024 18:49:21 GMT - Rating 3 - Innovation 2 - Information 8 - Rumor -3
