Darden Restaurants 'Continues To Be Resilient': 5 Analysts Dive Deeper Into FQ1 Print, Outlook
Portfolio Pulse from Priya Nigam
Darden Restaurants, Inc. (NYSE:DRI) reported an earnings beat for its fiscal first-quarter, driven by better-than-expected same-store sales growth and margin upside. Analysts from Wedbush, Truist Securities, Morgan Stanley, Stifel, and KeyBanc Capital Markets maintained positive ratings on DRI, with price targets ranging from $77 to $190. Despite underwhelming fine dining sales, analysts believe DRI is well-positioned to outperform the industry due to its operational sophistication, latent pricing power, and scale advantages.
September 22, 2023 | 4:03 pm
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Darden Restaurants reported better-than-expected Q1 earnings, leading to positive ratings from several analysts. Despite some concerns about fine dining sales, the company is seen as well-positioned to outperform the industry.
Darden Restaurants reported strong Q1 earnings, exceeding expectations. This positive financial performance, along with the company's operational strengths, has led analysts to maintain positive ratings on the stock. Despite some concerns about fine dining sales, the overall outlook for DRI is positive, which could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100