Darden Analysts Breakdown Q4 Results: Olive Garden Lags, LongHorn Steakhouse Outperforms
Portfolio Pulse from Priya Nigam
Darden Restaurants, Inc. (NYSE:DRI) reported better-than-expected Q4 results, with LongHorn Steakhouse outperforming and Olive Garden lagging. Analysts from BofA Securities, BMO Capital Markets, Morgan Stanley, and KeyBanc Capital Markets provided mixed ratings and price targets, highlighting strong restaurant margins but noting challenges for Olive Garden.
June 21, 2024 | 4:02 pm
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Darden Restaurants reported better-than-expected Q4 results, driven by strong performance at LongHorn Steakhouse. Analysts provided mixed ratings and price targets, highlighting strong restaurant margins but noting challenges for Olive Garden.
Darden's better-than-expected Q4 results and strong performance at LongHorn Steakhouse are positive indicators. However, challenges at Olive Garden and mixed analyst ratings suggest a cautious outlook. The overall impact on DRI's stock is likely positive in the short term due to the earnings beat and strong margins.
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