Amalgamated Bank and
National Pension Service have reportedly sold shares of
Darden Restaurants, Inc.(NYSE:DRI), while
QV Investors Inc. has acquired 50,690 shares.
Delivery partnership with Uber has led to a surge in Darden’s shares, they've also announced the
acquisition of Chuy's Holdings, Inc., indicating strategic growth. Some suggest that the stock is worth buying on dips, while others question the health of the restaurant’s financial performance.
Earnings estimates indicate growth, making the stock seem desirable, with mentions of successful sales driven by Olive Garden. However, there are concerns regarding the mixed SSS results in Q1, with Olive Garden performing weakly. An Uber partnership potentially bringing incremental sales and an equal weight rating from
Stephens increase optimism. Despite a
CEO compensation deemed reasonable, there's a significant amount of insider selling activity.
Darden fiscal 2025 first quarter conference call is scheduled for September 19. The stock has risen despite their Q1 EPS miss, while the recent deal with Uber has resulted in a jump in stock. However, a downgrade to underperform by Jefferies reflects caution.
Earnings beat the estimates but muted outlook overshadows this achievement.
Darden Restaurants Stocks DRI News Analytics from Thu, 21 Mar 2024 07:00:00 GMT to Sat, 09 Nov 2024 09:18:44 GMT -
Rating 5
- Innovation -2
- Information 7
- Rumor -1
