Darden Restaurants, Inc. (NYSE:DRI), the company known for its popular chains like
Olive Garden and
LongHorn Steakhouse, has seen active investment and trading in recent times. Running Oak Capital LLC, AEGON ASSET MANAGEMENT UK Plc, and Beacon Investment Advisory Services Inc. have bought significant DRI shares. Darden's Q2 results showed promising
sales growth, particularly due to its LongHorn Steakhouse segment, resulting in a surge in its stock. The company's outlook, however, is mixed, given specific challenges at Olive Garden. Investments from Royal Fund Management LLC, Ellsworth Advisors LLC, and Sanibel Captiva Trust Company Inc. show a bullish stance towards the restaurant conglomerate.
Several insiders, including Darden Restaurants' SVP and president, have sold significant amounts of stock. Despite this,
Darden Restaurants' stock price is expected to rise, with a target increase to $230.00 at Barclays, even amidst growing investor optimism. The company's recent
acquisition of Chuy's Holdings, Inc. has diversified its portfolio, solidifying its position in the fine dining segment. Despite the mixed sentiments, Darden Restaurants' performance has shown consistent momentum, and Goldman Sachs urges caution due to potential traffic risks at Olive Garden.
Darden Restaurants Stocks DRI News Analytics from Thu, 21 Mar 2024 07:00:00 GMT to Sat, 25 Jan 2025 14:37:12 GMT -
Rating 5
- Innovation 1
- Information 6
- Rumor -3
