|Bid||105.80 x 800|
|Ask||0.00 x 900|
|Day's range||106.14 - 109.40|
|52-week range||79.18 - 124.00|
|Beta (3Y Monthly)||-0.15|
|PE ratio (TTM)||20.78|
|Earnings date||17 Dec 2018 - 21 Dec 2018|
|Forward dividend & yield||3.00 (2.73%)|
|1y target est||123.65|
Domino's (DPZ) bottom-line growth in the third quarter of 2018 can be attributed to higher net income and lower diluted share count as a result of share repurchases.
The Zacks Analyst Blog Highlights: BJ's Restaurants, Good Times Restaurants, Wendy's, Darden Restaurants and Denny's
McDonald's (MCD) reports comparable sales growth for 12 straight quarters. This momentum is likely to continue in third-quarter 2018 courtesy of increasing guest traffic.
Darden (DRI) performs impressively in the past six months backed by strategic sales building initiatives, acquisitions and cost savings efforts.
If you are interested in cashing in on Darden Restaurants Inc’s (NYSE:DRI) upcoming dividend of US$0.75 per share, you only have 4 days left to buy the shares before its Read More...
On September 20, Darden Restaurants (DRI) was trading at $71.12. On the same day, 56.0% of the 25 analysts that follow Darden Restaurants favored a “buy” rating, while 44.0% favored a “hold” rating. Since the announcement of Darden Restaurants’ earnings for the first quarter of fiscal 2019, Canaccord Genuity, Stifel, Jefferies, and Maxim have all raised their price targets.
Despite BMO Capital’s downgrade on September 24, Darden Restaurants’ (DRI) stock price rose 0.4% and closed the day at $113.28.
During the first quarter of fiscal 2019, Darden Restaurants (DRI) posted earnings per share of $1.32. However, removing special or one-time items, the company’s adjusted EPS stood at $1.34, outperforming analysts’ EPS expectations of $1.24. Year-over-year, the company’s EPS grew by 35.4% from $0.99 in the first quarter of fiscal 2018.
The sit-down restaurant space is an increasingly a tough arena to make money in, but the Olive Garden operator has found some formulas for growth even in today's environment.
On September 24, BMO Capital downgraded Darden Restaurants (DRI) from “market perform” to “underperform” due to concerns about food commodity deflation. As reported by MarketWatch, Andrew Strelzik of BMO Capital expects the SSSG (same-store sales growth) to deaccelerate across the casual dining industry from the beginning of fourth quarter due to the widening gap between consumers eating food at home and eating out. The gap is a result of food commodity deflation. Strelzik also lowered his target price for Darden from $105 to $96.
During the first quarter of fiscal 2019, Darden Restaurants (DRI) posted EBIT (earnings before interest and tax) of $189.1 million, which represents an EBIT margin of 9.2%. The company’s EBIT margin stood at 9.3% in the first quarter of fiscal 2018.
By the end of the first quarter of fiscal 2019, Darden Restaurants (DRI) operated 1,753 restaurants: Olive Garden: 858 LongHorn Steakhouse: 506 Cheddar’s Scratch Kitchen: 157 Yard House: 73 The Capital Grille: 58 Bahama Breeze: 40 Seasons 52: 42 Eddie V’s: 19
While major sales-building initiatives and synergies from Cheddar's acquisition are likely to boost Darden's (DRI) top-line growth, high costs may dent margins.
For the first quarter of fiscal 2019, Darden Restaurants (DRI) posted overall SSSG (same-store sales growth) of 3.3%, outperforming analysts’ expectations of 1.1%. Of Darden’s eight brands, six have posted positive SSSG figures. In this article, we’ll examine the performance of Darden Restaurants’ brands.
In the first quarter of fiscal 2019, Darden Restaurants (DRI) posted revenues of $2.06 billion, outperforming analysts’ expectations of $2.03 billion. Year-over-year, the company’s revenues have increased 6.5%. The addition of 52 new restaurants in the last four quarters contributed 3.2% of its revenue growth, while its SSSG (same-store sales growth) has added 3.3%.
Darden Restaurants (DRI) posted its earnings for the first quarter of fiscal 2019 before the market opened on September 20. The company posted adjusted EPS of $1.34 on revenues of $2.06 billion. Year-over-year, the company’s EPS has increased by 35.4%, while its revenues grew by 6.5%.
Darden Restaurants led the S&P 500, and Caterpillar topped the Dow early Thursday as investors digested the latest trade war news out of China.
The Dow Jones industrial average set a record high Thursday. Graphics-chip maker Nvidia declined on analyst comments.
Darden Restaurants Inc., the owner of Olive Garden, won’t be delivering orders anytime soon after executives expressed concerns over low profitability. “Right now, we have no interest in delivering a $10 meal,” Chief Executive Officer Gene Lee said on a conference call Thursday. Olive Garden is touting its takeout and catering business, though, and Lee said so-called off-premise sales may reach 20 percent over time.