The market experiences a flurry of actions involving Darden Restaurants, Inc. (NYSE:DRI). Many investment management firms are actively adjusting their holdings in DRI. Organizations like Boothbay Fund Management, Oxford Asset Management, Candlestick Capital Management, and Fuller & Thaler Asset Management all demonstrate increased interest in Darden stocks. While others like Oxford Asset Management, Voya Investment Management, and Stifel Financial Corp, reduce their stakes.
In both the short-term and five-year span, Darden's total shareholder returns exceed its underlying earnings growth. Despite hitting a new 52-week low, DRI experiences increased consumer spending and outperforms the Dow. Furthermore, Darden announces a US$1.40 dividend, alongside delivery expansion through a partnership with Uber, creating a positive sales outlook. Added to this is Wall Street's bullish expectation following its earnings report.
However, it is important to note that some insiders have sold substantial shares of Darden stock. Despite this, Darden's sales growth is credited to Olive Garden and LongHorn Steakhouse, emboldening its market status and lifting the stock price target on Stifel.
Darden Restaurants Stocks DRI News Analytics from Sat, 19 Oct 2024 07:00:00 GMT to Sat, 03 May 2025 18:42:45 GMT - Rating 4 - Innovation -5 - Information 7 - Rumor -3
