Advertisement
U.S. markets closed
  • S&P Futures

    5,080.25
    -0.75 (-0.01%)
     
  • Dow Futures

    38,969.00
    -24.00 (-0.06%)
     
  • Nasdaq Futures

    17,908.00
    -7.25 (-0.04%)
     
  • Russell 2000 Futures

    2,047.90
    +4.50 (+0.22%)
     
  • Crude Oil

    78.42
    -0.12 (-0.15%)
     
  • Gold

    2,044.70
    +2.00 (+0.10%)
     
  • Silver

    22.73
    +0.09 (+0.39%)
     
  • EUR/USD

    1.0839
    -0.0004 (-0.03%)
     
  • 10-Yr Bond

    4.2740
    -0.0410 (-0.95%)
     
  • Vix

    13.84
    +0.41 (+3.05%)
     
  • GBP/USD

    1.2668
    +0.0008 (+0.06%)
     
  • USD/JPY

    149.7840
    -0.8490 (-0.56%)
     
  • Bitcoin USD

    61,648.04
    +4,723.55 (+8.30%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • FTSE 100

    7,624.98
    -58.04 (-0.76%)
     
  • Nikkei 225

    38,953.49
    -254.54 (-0.65%)
     

Here's Why Darden Restaurants (DRI) is a Strong Growth Stock

For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.

Achieving those goals is made easier with the Zacks Style Scores, a unique set of guidelines that rates stocks based on popular investing methodologies, namely value, growth, and momentum. The Style Scores can help you narrow down which stocks are better for your portfolio and which ones can beat the market over the long-term.

Why This 1 Growth Stock Should Be On Your Watchlist

For growth investors, a company's financial strength, overall health, and future outlook take precedence, so they'll want to zero in on the Growth Style Score. This Score examines things like projected and historical earnings, sales, and cash flow to find stocks that will generate sustainable growth over time.

Darden Restaurants (DRI)

Founded in 1968 and based in Orlando, FL, Darden Restaurants is one of the largest casual dining restaurant operators worldwide. The company has operations in the United States and Canada with more than 1,914 restaurants.

DRI sits at a Zacks Rank #3 (Hold), holds a Growth Style Score of A, and has a VGM Score of A. Earnings and sales are forecasted to increase 9.6% and 10.4% year-over-year, respectively.

Three analysts revised their earnings estimate higher in the last 60 days for fiscal 2024, while the Zacks Consensus Estimate has increased $0.02 to $8.77 per share. DRI also boasts an average earnings surprise of 4.3%.

Darden Restaurants is also cash rich. The company has generated cash flow growth of 8.3%, and is expected to report cash flow expansion of 3.6% in 2024.

Investors should take the time to consider DRI for their portfolios due to its solid Zacks Rank rating, notable growth metrics, and impressive Growth and VGM Style Scores.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Darden Restaurants, Inc. (DRI) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

Advertisement