Darden Restaurants Q4 Review: Strong Performance Despite Lower Same-Store Sales - Analyst's Perspective
Portfolio Pulse from Shivani Kumaresan
Darden Restaurants Inc (DRI) reported Q4 revenue of $2.7 billion, in line with estimates, and EPS of $2.58, beating the consensus estimate of $2.54. Stephens analyst Joshua Long reiterated an Overweight rating with a price target of $170, while TD Cowen analyst Andrew M. Charles reiterated an Outperform rating with a price target of $160. Darden's value steakhouse category performance is viewed as favorable for Texas Roadhouse Inc (TXRH).
June 22, 2023 | 5:48 pm
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NEUTRAL IMPACT
Darden Restaurants Q4 revenue meets estimates, EPS beats consensus. Analysts maintain positive ratings.
Darden Restaurants reported Q4 results in line with estimates and a better-than-expected EPS. Analysts maintain positive ratings, which could provide support to the stock price. However, the stock is trading lower by 1.95% at $163.11, indicating a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Darden's value steakhouse category performance is viewed as favorable for Texas Roadhouse Inc.
Darden's value steakhouse category performance is viewed as favorable for Texas Roadhouse Inc, which could have a positive short-term impact on TXRH stock price. However, the relevance is moderate as the news is not directly about Texas Roadhouse.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50