Darden Restaurants, Inc. (DRI) has seen a number of significant movements recently. Virginia Wealth Management Group, Royal Fund Management LLC, and Magnolia Capital Advisors LLC have increased their holdings, indicating confidence in DRI. Insider activities reveal that company officials like Milanes Douglas J and the President of SRG, Melvin Martin have sold significant shares, possibly reflecting uncertainty. Stirring optimism, the company has announced a partnership with
Uber for home deliveries. This news resulted in a surge in stock prices, even though DRI's Q1 earnings were below expected revenues. Hand in hand with the Uber deal, Olive Garden, DRI's flagship restaurant brand, has brought back a popular pasta deal, improving consumer sentiment. Analysts maintain a mixed outlook: Stifel stands by a $190 target on DRI stock, whereas others forecast potential downsides due to challenges with Olive Garden. However,
Evercore ISI upgraded DRI to 'Outperform' indicating faith in the company's future prospects.
Darden Restaurants Stocks DRI News Analytics from Thu, 21 Mar 2024 07:00:00 GMT to Fri, 11 Oct 2024 14:45:25 GMT -
Rating 3
- Innovation -2
- Information 7
- Rumor 3
