|Bid||110.50 x 800|
|Ask||110.53 x 800|
|Day's range||110.32 - 111.94|
|52-week range||76.27 - 112.32|
|PE ratio (TTM)||23.34|
|Earnings date||24 Sep 2018 - 28 Sep 2018|
|Forward dividend & yield||3.00 (2.72%)|
|1y target est||113.35|
Darden's (DRI) shares gain on the company's efforts to improve the basic operating factors of the business - food, service and atmosphere. However, competition and elevated costs hurt.
Shares popped 15% on Thursday after the parent of LongHorn Steakhouse, The Capital Grille, Olive Garden, and other chains turned in a relatively solid quarter.
On June 21, Darden Restaurants (DRI) was trading at $107.06. On the same day, analysts were expecting Darden’s stock price to reach $105.86 in the next 12 months, which represents a fall of 1.1% from its current stock price. Darden’s strong fiscal fourth-quarter earnings and optimistic outlook for fiscal 2019 appear to have compelled analysts to raise their target prices on the stock.
NEW YORK, June 26, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of ...
Due to the high visibility in Darden Restaurants’ (DRI) earnings, we have opted for the forward PE multiple. Darden’s strong fiscal fourth-quarter earnings and optimistic fiscal 2019 outlook have led to a rise in its stock price and its valuation multiple. As of June 21, Darden was trading at a forward PE multiple of 19.6x compared to 17.2x before the announcement of its fiscal fourth-quarter earnings.
During the fiscal fourth quarter, Darden Restaurants (DRI) posted adjusted EPS of $1.39, a rise of $17.8% from $1.18 in the corresponding quarter of the previous year. The company outperformed analysts’ consensus EPS estimate of $1.35 during the quarter.
During the fiscal fourth quarter, Darden Restaurants (DRI) posted an EBIT margin of 10.9% compared to 10.6% in the corresponding quarter of the previous year.
By the end of the fiscal fourth quarter, Darden Restaurants (DRI) operated 1,746 restaurants, including 856 Olive Garden restaurants, 504 LongHorn Steakhouse restaurants, 156 Cheddar’s, 72 Yard House, 58 the Capital Grille, 39 Bahama Breeze, 42 Seasons 52, and 19 Eddie V’s restaurants.
Darden Restaurants (DRI) has posted systemwide SSSG (same-store sales growth) of 2.2%, with seven out of its eight brands posting positive SSSG.
Darden Restaurants (DRI) posted adjusted revenue of $2.13 billion in the fiscal fourth quarter, a rise of 10.3% from $1.9 billion in the corresponding quarter of the previous year. The company outperformed analysts’ consensus estimate of $2.12 billion.
Darden Restaurants (DRI) posted its fiscal fourth-quarter earnings results before the market opened on June 21. The company has reported adjusted EPS of $1.39 on revenue of $2.1 billion.
The S&P 500’s top gainers on June 21 were: Darden Restaurants (DRI) gained 14.8%. Kroger (KR) gained 9.7%. Kimco Realty (KIM) gained 2.9%. Hanesbrands (HBI) gained 2.9%. Federal Realty Investment Trust (FRT) gained 2.7%. Darden Restaurants
Stocks slid across the board on Thursday, putting the Dow Jones Industrial Average on track to notch its longest losing streak since 1978. If the Dow closes down again tomorrow, that would mark its longest losing streak since it's nine-day loss in February 1978. Certainly, for some industrial companies, the worry seems real. CFRA Research's Elizabeth Vermillion warns that industrial companies' first-quarter commentary didn't include tariff worries as a significant factor, but with the trade war expanding "in scope and geography, while moving from rhetoric to action," updates from machinery and distributor companies are likely to include more potential negative impacts.
The restaurant operator reported fourth-quarter 2018 results that came in ahead of Wall Street's targets, finishing the year with double-digit growth. Management says to expect more double-digit profit growth next year, too.
Stocks that moved substantially or traded heavily Thursday: General Motors Co., down 83 cents to $41.12 Automakers fell after Daimler lowered its profit forecast, partly because of the effect of tariffs ...
Over the past 10 years Darden Restaurants Inc (NYSE:DRI) has returned an average of 3.00% per year from dividend payouts. The company is currently worth US$11.71b, and now yields roughlyRead More...
As far as our corporate earnings calendars are concerned, this is the week each quarter that stands as an outlier ??? in between two big earnings seasons.
On the back of higher sales across all brands, Darden's (DRI) fourth-quarter fiscal 2018 earnings surpass estimates and grow year over year.
Today, Darden Restaurants (DRI) posted its fiscal Q4 2018 earnings. The company reported adjusted EPS of $1.39 on revenues of $2.13 billion. Analysts were expecting the company to post EPS of $1.35 on revenues of $2.13 billion.