Susan M. Connelly and
Rajesh Vennam sold a combined 16,492 shares of
Darden Restaurants, Inc. stock. Nonetheless, the stock price is
soaring with an
all-time high of $188.91. Darden Restaurants' strong earnings and positive outlook, fuelled by
Olive Garden and
LongHorn Steakhouse's sales growth, boosted investor sentiment. The company's future looks
sizzling as it provides robust
2025 guidance, forecasting an 18% gain and a bullish surge setting a $200 price target. Despite missing some forecasts, the company's
Q2 results beat estimates, elevating Darden's market position. Reportedly, the stock could become a multi-bagger. Additionally, Darden's partnership with
Uber for deliveries also excited investors, pushing them to buy shares. However, Jim Cramer of Mad Money advised investors to look elsewhere despite Darden's promising numbers.
Nordea Investment Management AB and
Virtu Financial LLC increased their shareholdings in Darden, confirming their confidence in the company. Darden also completed the acquisition of Chuy's Holdings, Inc., indicating expansion plans. However, challenges persist in the form of a tougher operating environment marked by disappointing Olive Garden sales.
Darden Restaurants Stocks DRI News Analytics from Thu, 21 Mar 2024 07:00:00 GMT to Thu, 09 Jan 2025 08:47:09 GMT -
Rating 8
- Innovation 0
- Rumor -5
