|Bid||115.17 x 800|
|Ask||0.00 x 900|
|Day's Range||117.39 - 119.12|
|52 Week Range||82.38 - 124.00|
|Beta (3Y Monthly)||0.72|
|PE Ratio (TTM)||21.95|
|Earnings Date||Jun 19, 2019 - Jun 24, 2019|
|Forward Dividend & Yield||3.00 (2.55%)|
|1y Target Est||121.23|
We want to generalize because it's easier than doing the homework. We want to use the macro figures because they are spoonfed. We want to impute vast aspects of human behavior to politically charged issues like tax cuts.
Darden attributed its earnings beat to a number of factors, including Olive Garden’s enhanced chicken Alfredo dish and the larger checks that went with it.
Darden Restaurants (NYSE:DRI) stock is having a great fiscal 2019, and the reason is Olive Garden.Source: Mike Mozart via Flickr (Modified)Olive Garden, an Italian-restaurant chain found outside many suburban malls, represents about half of Darden's revenue, and is its fastest-growing brand. In the third quarter, its revenues were up 5.3% year-over-year to $1.13 billion, and its profits rose 9% to $247 million. Olive Garden accounted for about half the company's revenues, which came to $2.24 billion, and more than half its profit. * 7 Marijuana Stocks to Play the CBD Trend The great numbers led the stock to a rise of nearly 7% on March 21, to $116, but even that price may be reasonable for a middle-aged investor (who is, by the way, squarely in the Olive Garden market) who wants both capital gains and dividends.InvestorPlace - Stock Market News, Stock Advice & Trading TipsOlive Garden's growth and profitability have helped make DRI stock one of the better investments of the decade. Over the last five years, DRI stock is up 156%. Compare that to Costco Wholesale's (NASDAQ:COST) gain of 114%. The quarterly dividend of Darden Restaurants stock has risen about 35%, from 55 cents per share to 75 cents. Room to GrowOlive Garden is middle-class dining that feels like fine dining, with menus that feature low-cost food items like bread sticks and pasta. But DRI has a second chain that's now doing just as well, the fine- dining restaurant called Capital Grille, where same-store sales for the third quarter were up 4.3%, in-line with Olive Garden's gain.Not everything is working for DRI stock. Same-store sales at DRI's Caribbean-themed Bahama Breeze chain fell 3.7% YoY. The SSS of Cheddar's Scratch Kitchen, a casual-dining chain featuring hamburgers and other comfort foods, were down 2.7%.A bear might say DRI stock has trouble. A bull would say it still has room to advance. The company's net earnings -- $223 million or $1.79 per share fully diluted -- cover its dividend more than twice over.TV analysts have long sung the praise of DRI, and for good reason. That dividend of Darden Restaurants stock represents a respectable yield of 2.76% for current investors, and the stock's performance over the last five years is nearly double that of Starbucks (NASDAQ:SBUX), which gets most of the industry buzz, and is up "just" 96% in that time. Listing to StarboardDarden wasn't always a big winner.Five years ago, activist investor Starboard targeted the company, criticizing the food at the Garden, and eventually gained control of DRI. Starboard brought in a new CEO, Gene Lee, who simplified the menu, stripping it back to its Italian roots, added higher-priced wines and improved its service. Starboard then took its profit in DRI stock in 2016. The success of Olive Garden and Capital Grille is now in the process of being replicated at Longhorn Steakhouse. which DRI acquired in 2007.If Cheddar's and Bahama Breeze can get the same attention that Starboard has lavished on Olive Garden, DRI could be on the path to even faster growth. That's why, even at its current price, 14 of the 26 analysts following Darden Restaurants stock have it on their buy lists. The Bottom Line on DRI StockWhat the success of Darden's indicates is that middle-class American dining tastes are becoming further upscale as the economy continues to grow.A focus on youthful exuberance, boozy drinks and simple fare like hamburgers is being replaced with a focus on white tablecloth experiences, albeit at an affordable price. Darden's success gives management room to hike the dividend of DRI stock after it reports its fourth-quarter results this summer.Dana Blankenhorn is a financial and technology journalist. He is the author of a new mystery thriller, The Reluctant Detective Finds Her Family, available now at the Amazon Kindle store. Write him at firstname.lastname@example.org or follow him on Twitter at @danablankenhorn. As of this writing he owned no shares in companies mentioned in this article. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dual-Class Stocks That Will Outperform * 7 Reasons Why Apple Streaming Won't Move the Needle for Apple Stock * 7 A-Rated Stocks to Buy in the Second Quarter Compare Brokers The post Why Darden Restaurants Stock Can Keep Winning appeared first on InvestorPlace.
Darden Stock Rises Nearly 7% on Impressive Q3 2019 Results(Continued from Prior Part)Management’s guidance After Darden Restaurants’ (DRI) strong results for the third quarter of fiscal 2019, its management has raised its SSSG (same-store sales
is set to show off Monday a new subscription video service, as well as a revamped Apple News, that could serve as anchors for Apple's growing services business. TheStreet will be conducting a live blog breaking down Apple's event, which begins at 1 p.m. ET. Please check TheStreet's home page then for more details.
Darden Stock Rises Nearly 7% on Impressive Q3 2019 Results(Continued from Prior Part)Third-quarter EPSIn the third quarter of fiscal 2019, Darden Restaurants (DRI) posted adjusted EPS of $1.80, outperforming analysts’ EPS expectation of $1.75.
A healthy business with steady sales growth is vital for survival in today's fast changing and highly competitive business environment.
Zacks.com featured expert Kevin Matras highlights: Darden Restaurants, Best Buy, BioSpecifics Technologies and ONEOK
Darden Stock Rises Nearly 7% on Impressive Q3 2019 Results(Continued from Prior Part)Third-quarter marginsDarden Restaurants’ (DRI) EBIT margin improved from 11.3% in the third quarter of fiscal 2018 to 11.8% in the third quarter of fiscal
Olive Garden's parent company Darden Restaurants, Inc. (NYSE: DRI) reported Thursday with a top-and-bottom line beat in its fiscal third quarter results and lifted its full-year 2019 outlook. Morgan Stanley's John Glass maintained an Equal-weight rating on Darden Restaurants with a price target lifted from $112 to $121. Bank of America Merrill Lynch's Gregory Francfort maintained at Buy with a price target lifted from $120 to $130.
Plunging bond yields spooked the stock market Friday, but top stocks included Darden Restaurants and Dow Jones stock Verizon.
Darden Stock Rises Nearly 7% on Impressive Q3 2019 Results(Continued from Prior Part)Third-quarter SSSG In the third quarter of fiscal 2019, Darden Restaurants (DRI) posted SSSG (same-store sales growth) of 2.8%, beating analysts’ expectation of
Darden Stock Rises Nearly 7% on Impressive Q3 2019 Results(Continued from Prior Part)Third-quarter revenue In the third quarter of fiscal 2018, Darden Restaurants (DRI) posted revenue of $2.25 billion, outperforming analysts’ revenue expectation of
Darden Stock Rises Nearly 7% on Impressive Q3 2019 ResultsThird-quarter performanceDarden Restaurants (DRI) posted its results for the third quarter of fiscal 2019 on March 21. For the quarter, which ended on February 24, the company posted adjusted
Olive Garden remains a model of consistency for Darden Restaurants, as the casual dining chain reported positive same-store sales for the 18th consecutive quarter — that’s four and a half years of positive growth — on Thursday. Higher average check size and off-premise growth boosted comparable restaurant sales by 4.3 percent during the brand’s fiscal […]
Stocks that moved substantially or traded heavily on Thursday: Biogen Inc., down $93.71 to $226.88 The biotechnology company is ending development of a potential Alzheimer's disease drug after concluding ...
The Dow Jones Industrial Average closed higher despite Federal Reserve concerns over slowing global growth. tumbled 29.2% after the biotech company dropped a late-stage trial for aducanumab, an Alzheimer's disease drug. Stocks ended the day in positive territory Thursday as investors shrugged off the Federal Reserve's warning of slowing economic growth and President Donald Trump's comments on China tariffs.
Darden Restaurants cleared a buy point Thursday after the Olive Garden parent topped earnings views.
Shares in Darden Restaurants jumped on Thursday after the company raised its outlook and posted earnings and revenue that beat Wall Street estimates. The owner of Olive Garden and other chain restaurants reported fiscal third-quarter profit of $223.6 million, beating expectations and the $217.8 million in profits for the same quarter last year. Another strong showing from its anchor brands has Darden raising its full-year earnings expectations to $5.76 to $5.80 per share, from the previous guidance of between $5.60 and $5.70 per share.