|Bid||0.00 x 800|
|Ask||120.00 x 1100|
|Day's Range||117.25 - 119.37|
|52 Week Range||93.18 - 125.33|
|Beta (3Y Monthly)||0.66|
|PE Ratio (TTM)||21.81|
|Earnings Date||Jun 20, 2019|
|Forward Dividend & Yield||3.00 (2.54%)|
|1y Target Est||128.14|
Darden Restaurants' (DRI) impressive third-quarter earnings and its management's raising of its sales and EPS guidances appear to have prompted analysts to raise their price targets on its stock. Let's see what analysts are saying.
For the fourth quarter of 2019, analysts expect Darden Restaurants (DRI) to post adjusted EPS of $1.73, a rise of 24.2% from $1.39 in the corresponding quarter of fiscal 2018.
Analysts expect Darden Restaurants (DRI) to report revenue of $2.24 billion in the fourth quarter of fiscal 2019, which implies a rise of 5.2% from $2.13 billion in the corresponding quarter of fiscal 2018.
Darden Restaurants (DRI) will report its fiscal 2019 fourth-quarter earnings before the market opens on June 20. On June 14, the company was trading at $119.68, indicating a rise of 10.2% since the announcement of its third-quarter earnings results on March 21.
Analysts believe that the restaurant conglomerate's cost-containment programs will improve margins and hence the bottom line.
Red Robin Turned Down Meeting with Large Shareholder and Launched Expensive Defense Campaign By John Jannarone Anyone who looks at a long-term stock chart can conclude that positive change is needed at Red Robin Gourmet Burgers. But rather than make meaningful improvements, the casual dining chain’s latest move was to serve shareholders a costly surprise. […]
It feels a little like December. No, I'm not talking about the weather. I'm talking about investor sentiment. Indeed, the on-again, off-again, and now on-again trade war has cast a chill over the market, notes Chuck Carlson, dividend reinvestment expert and editor of DRIP Investor.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Darden Restaurants, Inc. New York, June 17, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Darden Restaurants, Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
Kroger (KR) is making investments to expand grocery offerings and e-commerce presence. However, incremental investments may keep margins under pressure.
Various sales-boosting initiatives, coupled with aggressive cost-cutting measures, position Darden (DRI) for impressive earnings in fourth-quarter fiscal 2019.
Investors will be keeping an eye on earnings reports from Adobe and others, Slack Technologies IPO on Thursday, and the Fed interest-rate decision on Wednesday.
There's a reason why Canopy Growth Corporation (NYSE:CGC) could be one of the first marijuana stocks to be a real winner in the race to profitability. The reason is simply that Canopy is forward thinking with its various moves. Initiatives like its mega-sized deal with beverage giant Constellation Brands (NYSE:STZ), partnerships into the burgeoning pet care market for CBD and its recent buyout of U.S.-focused Acreage Holdings have made CGC stock the king of the marijuana hill.Source: Shutterstock All have been designed to take CGC-grown products and get them into as many users as possible. They're also great for providing Canopy with plenty of extra funding. Which is why its latest move may be absolutely perfect for investors.Canopy is seriously considering placing its greenhouse assets into a real estate investment trust (REIT).InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe benefits to doing that could be a huge win for both CGC, its shareholders and potentially the shareholders of the REIT itself. In the end, it's just another example of how Canopy Growth could be the only marijuana stock you need to own. CGC Stock Looks to Monetize Its AssetsThanks to their vice-like nature, cannabis companies have had to get creative to when it comes to raising capital. Most banks won't lend to them and it's only recently that a few of them have been able to tap the debt markets with any success. And here, none have issued a straight corporate bond, they've all been convertible or hybrid debt deals. For Canopy, this has meant running a pretty conservative ship with low leverage and high assets on its balance sheet. * 10 Stocks That Every 30-Year-Old Should Buy and Hold Forever In order to fund its expansion efforts, it has turned to deals like its partnership with STZ. That gave CGC a cool $4 billion to play with, while Constellation gets access to Canopy's products for sale. But there are other ways to get needed funding, especially if you are asset rich.To that end, CGC may be looking into a vehicle to hold its vast portfolio of greenhouses, processing facilities and other real estate assets. We're talking about a REIT.In essence, REITs are a specialized tax structure designed to hold real estate assets. As long as they pay out 90% of their cash flows as dividends to investors, they are allowed to avoid the double taxation on dividends. Investors love them as this tax structure allows REITs to yield in the 4% to 7% range. Their cash flows are secured by the rents paid by their tenants. It turns out a greenhouse to grow marijuana is really no different than an office building or apartment. Someone rents the building and then cuts the landlord a check every month.For CGC, this could be a great way to monetize its more than 5 million square feet of growing space. Canopy would mostly do a sale-leaseback transaction. This transaction would provide Canopy a huge initial cash infusion as it places these warehouses into a REIT and sells off the shares to the public. It would then rent its warehouses back from the REIT.This sort of deal to monetize a firm's vast real estate assets is actually pretty commonplace. Troubled retailer Sears spun-out its holdings as Seritage Growth Properties (NYSE:SRG) to raise cash. Darden Restaurants (NYSE:DRI) placed roughly 240 of its restaurant sites Four Corners Properties Trust (NASDAQ:FCPT).And while tax-free REIT spin-offs are now verboten by the IRS, they can happen in Canada and sale-leasebacks are still cool here in the U.S. In fact, CGC buyout target Acreage Holdings recently agreed to sell cannabis REIT GreenAcerage Real Estate. Incidentally, Acreage -- and now Canopy -- owns a 20% stake in GreenAcerage. CGC Stock Investors Would Win As WellBut it's not just Canopy Growth that benefits in this sort of transaction. Investors will benefit as well.For one thing, a REIT spin-off/sale brings in plenty of cash to CGC for expansion efforts. The firm estimates that the assets could be worth a "couple billion dollars." Canopy is looking to expand into the U.S. and Europe as the legalization of cannabis comes to fruition. That includes building out at least seven hemp processing facilities within the next 12 months. This will allow it to build scale, expand geographically and actually make the most out of its deals with Constellation and others. After all, it needs to the pot to sell. * 7 U.S. Stocks to Buy With Limited Trade War Exposure Secondly, the spinout itself could be very beneficial to investors. Last summer, CGC completed the spin-off of its venture capital investment arm: Canopy Rivers Corporation. That spin-off has and did very well after being cut free and CGC was able to raise some much-needed capital. However, a Canopy REIT could do much better. Just look at the returns for cannabis-REIT Innovative Industrial Properties Inc (NYSE:IIPR). It has doubled since the start of the year and pays a good 1.83% yield. There's no reason to believe that a REIT by the marijuana stock wouldn't have those kinds of returns behind it. CGC Continues to Be At the ForefrontNow, Canopy hasn't officially announced that it's doing this, but it has mentioned it now twice this year alone. And considering that Acreage Holdings has already undergone a similar transaction and Canopy has done spin-outs before, there's a good chance that CGC will do this sooner than later. When it does, it'll be another prime example of why the firm is one of the best in the marijuana sector.It keeps making forward-looking moves that will benefit investors for years to come. Its REIT plans are just another example of this and CGC stock remains a great long-term buy.At the time of writing, Aaron Levitt did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 High-Quality Cheap Stocks to Buy With $10 * 7 U.S. Stocks to Buy With Limited Trade War Exposure * 6 Growth Stocks That Could Be the Next Big Thing Compare Brokers The post This Is Why a REIT Could Be Great for Canopy Growth Stock appeared first on InvestorPlace.
Darden Restaurants (DRI) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Today we'll look at Darden Restaurants, Inc. (NYSE:DRI) and reflect on its potential as an investment. In particular...
El Pollo Loco CEO joins Yahoo Finance to discuss President Trump's latest threat of tariffs against Mexico.
Darden Restaurants Inc NYSE:DRIView full report here! Summary * Perception of the company's creditworthiness is positive * ETFs holding this stock have seen outflows over the last one-month * Bearish sentiment is low * Economic output in this company's sector is contracting Bearish sentimentShort interest | PositiveShort interest is low for DRI with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | NegativeETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding DRI totaled $3.51 billion. Additionally, the rate of outflows appears to be accelerating. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managersâ€™ Index (PMI) data, output in the Consumer Servicesis falling. The rate of decline is significant relative to the trend shown over the past year, and is accelerating. Credit worthinessCredit default swap | PositiveThe current level displays a positive indicator. DRI credit default swap spreads are near the lowest level of the last three years and indicate the market's continued positive perception of the company's credit worthiness.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Eddie V’s Prime Seafood from Darden Restaurants Inc. (NYSE: DRI) is close to a deal to open in downtown D.C., years after it begun looking for space in the District proper. Eddie V’s is in late-stage negotiations to take over the Tadich Grill restaurant space on Pennsylvania Avenue NW, according to two sources familiar with the talks. The restaurant, which serves a menu of steaks and seafood, may also be taking the neighboring Au Bon Pain space. The retail brokers representing the landlord, an entity affiliated with TIAA-CREF, declined to comment. The restaurant closed in 2018 amid lawsuits. The Tadich space is 7,385 square feet, and Au Bon Pain locations average around 2,700 square feet.
Hedge funds are not perfect. They have their bad picks just like everyone else. Facebook, a stock hedge funds have loved dearly, lost nearly 40% of its value at one point in 2018. Although hedge funds are not perfect, their consensus picks do deliver solid returns, however. Our data show the top 20 S&P 500 […]
ORLANDO, Fla. , May 29, 2019 /PRNewswire/ -- Darden Restaurants, Inc., (NYSE: DRI) plans to release its fiscal 2019 fourth quarter financial results before the market opens on Thursday, June 20, 2019 ...
Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is...
April 2, 2019, started like any other spring day for members of the fledgling Orlando Apollos football team, as they took the field to practice for their next game, throwing and catching passes, running plays and performing drills. In a prepared joint statement with the general manager and team president, Spurrier later said he was "shocked and incredibly disappointed" by the league's decision and felt grateful to the team's players, coaches, staff, corporate partners and especially the fans, who "fervently supported" the Apollos as Orlando's professional football team. The Orlando Apollos football team, which played its home games at the University of Central Florida's Spectrum Stadium, lasted only eight weeks.
Leo Fasciocco is a technical expert that specializes in stocks that have broken out of recent trading ranges. Here, the editor of Ticker Tape Digest looks at two recent breakout buys -- Darden Restaurants (DRI) and Costco Wholesale (COST).
Mcdonald's (NYSE:MCD) brings predictability in a volatile world and the past few weeks has demonstrated McDonald's stock has the same stability.Source: Mike Mozart via FlickrInvestors have been feeling the whiplash of the last couple of weeks. Major indices swinging a full percentage points intraday or a couple of points in one direction, then reversing the next have become the new normal. Volatility reared its head but seems to have died down just as quickly as it rose.Over the last two weeks, the S&P 500 has lost 0.8 percent. Meanwhile companies like McDonald's and Darden Restaurants, Inc. (NYSE:DRI) looked really strong amidst the volatility. Both stocks posted gInvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Stocks to Buy for Over 20% Upside Potential ains with McDonald's stock up almost a percent over the time period and DRI making a big 4.5 percent up.Even Chipotle Mexican Grill, Inc. (NYSE:CMG) has been making new highs, indicative of the demand for names in the restaurant sectors though still looking expensive from a valuation standpoint. A Closer Look at McDonald's StockIt may be surprising for some investors to hear that Mcdonald's bought a machine learning startup called Dynamic Yield for $300 million in March. Yes, it is at its core a fast casual chain, but that's just the past and the present. In the future Mcdonald's will still be selling Happy Meals but how they sell in undergoing a shift.The future is about understanding customers and how to improve sales based on its dynamic menu. Taking into account factors like weather, the technology will redesign the display on the menu. On a hot day, for example, McFlurry's are likely to be front and center.MCD will be rolling this AI technology out across 1,000 locations in the next couple months and will eventually reach all 14,000 US restaurants as well as their international stores.It's hard to assess just how much this will add to the Company's top line as it isn't exactly an event-based catalyst. What it does ensure is consistent revenue growth over the next few quarters as the technology extends throughout their entire ecosystem of restaurants.While it's true that MCD stock doesn't look particularly cheap at 26x earnings, with the addition of AI technology, they have here another lever for growth. So maybe 26x isn't all that rich a multiple after all. An Upscale AlternativeDRI had a big third quarter, showing that momentum is on their side. Total sales increased 5.5 percent and same-restaurant sales increased as well to the tune of 2.8 percent. Standout performers for comp sales included Olive Garden (up 4.3 percent), LongHorn Steakhouse (up 3.8 percent) and The Capital Grille (up 4.3 percent).After a tepid second quarter with just 2.1 percent growth in same-restaurant sales, DRI has bounced back. Expectations for the fourth quarter are in line with the most recent quarter.Darden exceeded top line expectations due to market share gains. This reaffirms that management's strategy is working. Across the portfolio of 1,700 restaurants, Darden continues to invest in brands that create exceptional dining experiences. Management has also continued to support its shareholders with a continuation of its share repurchase program.Given the strong quarterly figures, Darden increased its financial outlook for fiscal 2019 and for the fourth quarter. Sales growth notched up to match the third quarter number of 5.5 percent as did expectations for comparable sales growth. All in all, it paints a rosy picture for DRI stock in the second half of the year.As of this writing, Luce Emerson did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Stocks to Buy for Over 20% Upside Potential * 5 Large-Cap Stocks Holding Steady Amid Trade War Concerns * 7 ETFs for Healthy Healthcare REITs Compare Brokers The post McDonald's Stock Is One of Two Restaurant Stocks for Stability appeared first on InvestorPlace.