Darden Restaurants, Inc. (NYSE:DRI) has seen substantial activity from
investment firms and advisors, illustrating a dynamic performance in the stock market. Firms like
Bryn Mawr Capital Management LLC, Blue Trust Inc., and abrdn plc have significantly increased their investments in Darden Restaurants. However, some, including
Congress Asset Management Co. and Sumitomo Mitsui Trust Group Inc., have reduced their positions. Darden has seen an 18% gain, with the stock hitting an all-time high of $176.9. Darden Restaurants' bullish performance is attributed to strong Q2 earnings, driven by excellent sales growth led predominantly by
LongHorn Steakhouse. Though significant
stock sell-offs by executives hint at potential weaknesses, Darden Restaurants continues to serve up a 'premium value' with its strong 2025 guidance. The stock gained further after Darden's partnership with
Uber for meal delivery service. Olive Garden's prospects and the
achievable $200 target for 2025 fuel the company's futures, notwithstanding risks associated with restaurant traffic.
Darden Restaurants Stocks DRI News Analytics from Thu, 12 Sep 2024 07:00:00 GMT to Sat, 22 Feb 2025 09:02:33 GMT -
Rating 7
- Innovation -2
- Information 6
- Rumor -4
