Darden Restaurants' stocks (DRI) have shown growth, propelled by sales at
Olive Garden and LongHorn Steakhouse. Stock prices are predicted to rise, with bullish forecasts setting a potential target of $200 by 2025 due to a positive Q2 results, upbeat guidance, and their popularity among diners. Different analysts from
Stephens to Barclays have lifted their target price for DRI while others like
BMO and KeyCorp issued new price targets. The share prices soared due to their strong earnings, but the company also missed a Q2 earnings estimate. Their stocks were deemed a good investment for growth and value, however, in contrast Jim Cramer recommended investors to look elsewhere for restaurant stocks. Banks and investment firms, from Toronto Dominion Bank to World Investment Advisors LLC, are holding significant DRI holdings, while high-performance companies like
Geode Capital Management are increasing stakes. Despite this, BMO lowered its target price due to an earnings lag in Q1. There’s speculation of a
breakout soon and DRI has also recently partnered with
Uber for food deliveries. Investment in DRI by companies like Weiss Asset Management is ongoing, and there were insider sales recorded from senior executives.
Darden Restaurants Stocks DRI News Analytics from Wed, 26 Jun 2024 07:00:00 GMT to Sat, 21 Dec 2024 17:37:29 GMT -
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- Information 7
- Rumor -7
