Darden Restaurants Stock (DRI) continues to show strong performance. Despite
Jim Cramer's lukewarm opinion, multiple institutions including New Age Alpha and Mizuho Securities have acquired shares. Critically, there have been notable insider sell-offs, including a DRI executive selling thousands of shares and a sell-off worth $474,418.14. While
sales were slightly disappointing,
Q3 earnings exceeded expectations, rousing a 10% surge in value within a week. The robust earnings have spurred optimistic
forecasts for stock appreciation from firms like Citigroup, UBS Group, Morgan Stanley, and Robert W. Baird. Partnerships, such as with Uber, have further invigorated the stock. Bullish outlooks have led to raised price targets by Barclays, Guggenheim, Bank of America, and KeyBanc. Yet, there are concerns of overvaluation due to sustained growth. Notwithstanding, Wall Street is sanguine about the stock's prospects due to Darden's sound earnings
guidance for 2025 and the strength of entities like Olive Garden in its portfolio.
Darden Restaurants Stocks DRI News Analytics from Sat, 19 Oct 2024 07:00:00 GMT to Sat, 29 Mar 2025 20:27:32 GMT -
Rating 8
- Innovation 3
- Information 7
- Rumor -6
