22 stories mentioning DRIUpdated 3d ago
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Ricardo Cardenas, Director, President and CEO, on July 28, 2026, sold 39,134 shares in Darden Restaurants (DRI) for $8,181,504. Following the Form 4 filing with the SEC, Cardenas has control over a total of 86,146 common shares of the company, with 86,146 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/940944/000122520826006842/xslF345X05/doc4.xml
Sarah H. King, Senior Vice President, Chief People Officer, on July 29, 2026, sold 4,373 shares in Darden Restaurants (DRI) for $920,165. Following the Form 4 filing with the SEC, King has control over a total of 743 common shares of the company, with 743 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/940944/000122520826006843/xslF345X05/doc4.xml
Susan M. Connelly, Senior Vice President, Chief Communications and Public Affairs Officer, on July 29, 2026, sold 2,226 shares in Darden Restaurants (DRI) for $463,389. Following the Form 4 filing with the SEC, Connelly has control over a total of 4,165 common shares of the company, with 4,165 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/940944/000122520826006844/xslF345X05/doc4.xml
Darden Restaurants (DRI) has an average rating of overweight and mean price target of $231.46, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $195.28, Change: $-3.26, Percent Change: -1.64%
Darden Restaurants (DRI) has an average rating of overweight and mean price target of $231.28, according to analysts polled by FactSet.Price: $205.60, Change: $-8.12, Percent Change: -3.80%
Darden Restaurants' (DRI) fiscal Q4 results and conference call highlighted a combination of persistent trends and inflection points, BofA Securities said in a research note.Persistence was seen in the form of continued robust performance of the steakhouse category and protein more generally, as elevated grocery store beef prices also raise the relative value provided by steakhouse restaurants, according to the Saturday note.BofA further said that elevated beef prices are unlikely to fall in the near term due to an already tight beef supply that could shrink further with the return of the New World screwworm.The investment firm said Darden CEO Rick Cardenas noted that the company's casual dining brands saw year-over-year increases in visits from all income groups, including the bottom quintile. The brokerage added that the apparent turning point in demand among low-income households may be due to a similar inflection in that cohort's wage growth, as measured by Bank of America Institute data.BofA lowered its price target on Darden Restaurants to $274 from $276 and reiterated its buy rating.Price: $206.44, Change: $-7.29, Percent Change: -3.41%
Darden Restaurants (DRI) is entering fiscal 2027 with stable underlying same-store-sales trends supported by solid traffic, strong value perceptions and brand initiatives across its major chains, UBS Securities said Thursday in a report.Olive Garden's momentum should carry into fiscal 2027, helped by menu innovation, returning brand programs, continued gains from the Uber Direct partnership and increased guest frequency tied to the lighter-portions menu, the report said. LongHorn is also expected to sustain healthy traffic, supported by operational consistency and strong value delivery, UBS said.Fuel-cost pressure should ease as the year progresses with projected adjusted operating margins of 10.1% in fiscal Q1 and 12.2% for the full year, the report said.UBS raised its price target on Darden stock to $240 from $230 and maintained its buy rating.Price: $210.74, Change: $-2.02, Percent Change: -0.95%
Darden Restaurants (DRI) has an average rating of overweight and mean price target of $231.28, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $209.89, Change: $-2.87, Percent Change: -1.35%
Darden Restaurants (DRI) has an average rating of overweight and mean price target of $231.08, according to analysts polled by FactSet.Price: $210.31, Change: $-2.45, Percent Change: -1.15%
(Updates with market moves at the end of the day.)The Nasdaq Composite extended its losing streak to a fourth session on Thursday as a sell-off in Apple (AAPL) shares soured sentiment on Wall Street.The Nasdaq fell 0.5% to 25,358.6, while the S&P 500 ended just below the flatline at 7,357.5. The Dow Jones Industrial Average rose 0.1% to 51,920.9.Among sectors, consumer discretionary saw the steepest decline, while industrials paced the gainers.Apple shares slumped 6.1%, the biggest drop on the S&P 500 and the Dow. The tech giant increased iPad and MacBook prices amid surging memory and storage chip costs.Wedbush Securities said Apple is unlikely to lose customers as a result of the price hikes.Microsoft (MSFT) followed Apple on the Dow, shedding 3.5%. Microsoft announced price increases for the Xbox 512 gigabyte console and the Xbox 1 terabyte model, effective Aug. 1.Micron shares jumped nearly 16%, the third-biggest gainer on the S&P 500. Late Wednesday, the semiconductor manufacturer provided a fiscal fourth-quarter outlook above Wall Street's estimates and reported stronger-than-expected results for the prior three-month period.Darden Restaurants (DRI) issued a full-year earnings outlook below market estimates Thursday, while the restaurant operator's fiscal fourth-quarter sales fell short of expectations. Shares of the Olive Garden and LongHorn Steakhouse parent fell 0.3%.US Treasury yields were mixed, with the two-year rate down 2.5 basis points at 4.13%, while the 10-year rate was little changed at 4.40%.In economic news, US consumer spending rose more than projected in May, while the Federal Reserve's preferred inflation metric accelerated to the fastest reading in more than two years, government data showed.Demand for US durable goods decreased less than estimated in May despite a plunge in civilian aircraft orders, government data showed.US real gross domestic product increased at a 2.1% annualized rate in the first quarter, up from 1.6% growth reported in the second estimate, according to latest official data released Thursday."For the Fed, still nominally elevated inflation remains unfavorable to say the least and clearly justifies a higher policy target," Stifel said in report e-mailed to. "However, with a still solid pace of activity thanks to a resilient consumer and stable labor market conditions, any expectation of a temporary, or 'transitory', impact can quickly derail a hawkish conviction at the Fed to reverse course and simply reinforces the (Federal Open Market) Committee's position on the sidelines."West Texas Intermediate crude oil was up 2.4% at $72.03 a barrel in Thursday late-afternoon trade, while Brent rose 2.2% to $75.39.Gold was last up 0.8% at $4,041.40 per troy ounce, while silver fell 0.3% to $57.90 per ounce.
Consumer stocks were lower late Thursday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) decreasing 0.5% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) falling 1.4%.In corporate news, Darden Restaurants (DRI) issued a full-year earnings outlook below market estimates on Thursday, and the restaurant operator's fiscal Q4 sales fell short of expectations. Its shares fell 1.1%.Stellantis (STLA) and Nissan are in talks to buy some assets from Marelli, the bankrupt auto-parts supplier currently undergoing a complex Chapter 11 restructuring, Bloomberg reported. Stellantis shares were down 1.3%.McCormick (MKC) reported fiscal Q2 results above Wall Street's estimates on Thursday, while reiterating its full-year outlook. McCormick shares gained 2.1%.Bumble (BMBL) is exploring a sale amid a slowdown in growth of the online dating sector, Reuters reported. The dating app company has selected Morgan Stanley to assist it on a potential sale process, the report said. Bumble shares jumped past 5%.
(Updates with latest market prices and developments.)US benchmark equity indexes were mixed intraday amid a sell-off in Apple (AAPL) shares and a post-earnings surge in Micron Technology (MU) stock, while investors parsed a slew of economic data.The Nasdaq Composite was down 0.5% at 25,359.4 after midday Thursday, while the Dow Jones Industrial Average rose 0.4% to 52,036.4. The S&P 500 was little changed at 7,360.5. Among sectors, consumer discretionary and communication services saw the steepest declines, while industrials paced the gainers.Apple shares were down 5.3%, the biggest drop on the Dow and among the worst on the S&P 500. The tech giant increased iPad and MacBook prices amid surging memory and storage chip costs, news outlets reported.Micron shares jumped 16%, the third-biggest gainer on the S&P 500. Late Wednesday, the semiconductor manufacturer provided a fiscal fourth-quarter outlook above Wall Street's estimates and reported stronger-than-expected results for the prior three-month period.The results show "the memory and chip trade is well-intact and still in the early stages of playing out with the (artificial intelligence) revolution still in the (third) inning," Wedbush Securities said in a client note. "We are seeing no cracks in AI demand on the chips/hardware or software front which gives us a bright green light to own the core tech winners into year-end."Darden Restaurants (DRI) issued a full-year earnings outlook below market estimates Thursday, while the restaurant operator's fiscal fourth-quarter sales fell short of expectations. Shares of the Olive Garden and LongHorn Steakhouse parent were down 1.7% intraday.US Treasury yields were lower, with the two-year rate down 2.8 basis points at 4.11% and the 10-year rate falling 1.6 basis points to 4.38%.In economic news, US consumer spending rose more than projected in May, while the Federal Reserve's preferred inflation metric accelerated to the fastest reading in more than two years, government data showed."(Personal consumption expenditure) price inflation remains too high and will keep the Fed on hold and mulling a potential rate hike at upcoming meetings," BMO said in a note. "On the bright side, a lot of the goods price inflation seemed to be driven by the energy complex, so as energy prices drop this source of inflation pressure should fade."US real gross domestic product increased at a 2.1% annualized rate in the first quarter, up from 1.6% growth reported in the second estimate, according to latest official data released Thursday.Demand for US durable goods decreased less than estimated in May despite a plunge in civilian aircraft orders, government data showed.West Texas Intermediate crude oil was up 1.6% at $71.46 a barrel intraday, while Brent rose 1.3% to $74.72.Gold was up 0.9% at $4,045.50 per troy ounce, while silver rose 0.6% to $58.40 per ounce.
Consumer stocks were lower Thursday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) decreasing 0.7% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) falling 1.1%.In corporate news, Darden Restaurants (DRI) issued a full-year earnings outlook below market estimates on Thursday, and the restaurant operator's fiscal Q4 sales fell short of expectations. Its shares fell 1.3%.McCormick (MKC) reported fiscal Q2 results above Wall Street's estimates on Thursday, while reiterating its full-year outlook. McCormick shares gained 3.8%.Cal-Maine Foods (CALM) and other egg producers may soon resolve Justice Department and state investigations into alleged illegal price coordination, Bloomberg reported. Cal-Maine Foods shares were down 2.8%.
Consumer stocks were lower Thursday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) decreasing 0.7% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) falling 1.2%.In corporate news, Darden Restaurants (DRI) issued a full-year earnings outlook below market estimates on Thursday, and the restaurant operator's fiscal Q4 sales fell short of expectations. Its shares fell 1%.
Darden Restaurants (DRI) issued a full-year earnings outlook below market estimates on Thursday, while the restaurant operator's fiscal fourth-quarter sales fell short of expectations.The Olive Garden and LongHorn Steakhouse parent anticipates per-share earnings from continuing operations to come in between $11.10 and $11.35 for fiscal 2027. The current consensus on FactSet is for EPS of $11.39. In the previous fiscal year, profit increased to $10.44 from $8.88 on an annual basis.Shares of the company were down 3.4% in the most recent premarket activity.Sales are pegged to be in a range of $13.6 billion to $13.75 billion for the ongoing fiscal year, while same-restaurant sales are projected to grow by 2.5% to 3.5%. The Street is looking for sales of $13.71 billion and same-store sales to increase by 2.9%.In fiscal 2026, sales improved 9.4% to $13.21 billion and same-restaurant sales inclined 4.5%.For the three months through May, Darden's sales rose to $3.72 billion from $3.27 billion the year before, but were just shy of the average analyst estimate of $3.73 billion. Same-restaurant sales advanced 4.6%, ahead of the market's forecast for growth of 4.2%.Same-restaurant sales increased 2.4% for Olive Garden and 9.5% at LongHorn Steakhouse. The fine dining segment moved 1.9% higher."The fourth quarter was a strong finish to an excellent year, one in which we significantly outperformed the industry," Chief Executive Rick Cardenas said in a statement. "Our restaurant teams continued to execute at a high level and that consistent execution helped each of our brands deliver positive same-restaurant sales for the quarter."Adjusted EPS from continuing operations jumped 23% year over year to $3.66 in the fourth quarter, exceeding the Street's view for $3.63. The result excluded a $0.12 headwind mainly related to restaurant closures and the integration of Tex-Mex restaurant chain Chuy's, according to the company."I am confident we are well positioned to continue growing the business and creating long-term shareholder value," Cardenas said.
Consumer stocks were declining premarket Thursday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) decreasing 1% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) retreating 0.3%.Trip.com (TCOM) shares were down more than 12% pre-bell after the company reported lower Q1 non-GAAP earnings.Darden Restaurants (DRI) stock lost more than 3% after the restaurant operator reported lower-than-expected fiscal Q4 sales.Dollar Tree (DLTR) shares declined by 4.4% after the company said that several investment funds tied to Mantle Ridge are executing a secondary block trade to sell 12.8 million common shares.
US equity markets were pointing higher before the opening bell Thursday as traders parse Micron Technology's (MU) latest financial results and await key inflation and economic data.The S&P 500 rose 0.8%, the Dow Jones Industrial Average edged up 0.1% and the Nasdaq increased 2.2% in premarket activity. The S&P 500 and Nasdaq closed Wednesday trading down for the third consecutive session, while the Dow finished in the green.Shares of Micron jumped 16% pre-bell as the semiconductor manufacturer issued an upbeat fiscal fourth-quarter outlook and reported stronger-than-expected results for the prior three-month period.Micron's "stellar" earnings report eased tech investors' concerns about the artificial intelligence and memory trade, Wedbush Securities said in a Wednesday client note."The tech sector and chip trade still has a lot of room to go higher over the coming months as the stellar demand trends from our recent Asia checks gives us further confidence to own tech stocks into the second half of 2026 with a stronger growth trajectory ahead," according to the brokerage.Qualcomm's (QCOM) stock rose 12% after the company agreed to acquire software infrastructure firm Modular in a roughly $3.92 billion deal. Nvidia (NVDA) gained 1.4%, while Intel (INTC) advanced 5.4%.Bio-Techne (TECH) spiked 22% as the firm agreed to be acquired by Germany's Merck KGaA in a deal worth $11.3 billion.The personal income and outlays report for May is scheduled to be released at 8:30 am ET. The report includes the personal consumption expenditure core price index, the Federal Reserve's preferred inflation metric.Treasury yields rose in premarket action, with the two-year rate advancing 1.3 basis points to 4.15% and the 10-year rate adding 0.8 basis points to 4.41%.Thursday's economic calendar also has the third and final estimate report of the first-quarter gross domestic product at 8:30 am, along with the weekly jobless claims bulletin, the durable goods orders report and the Chicago Fed national activity index, both for last month. The Kansas City Fed manufacturing index for June posts at 11 am.New York Fed President John Williams is slated to speak at 3:40 pm, while Chicago Fed President Austan Goolsbee speaks at 6:30 pm.West Texas Intermediate crude oil declined 1.1% to $69.54 a barrel before the open, while Brent decreased 1.4% to $72.72.Iran's Islamic Revolutionary Guard Corps reportedly said Wednesday it would be "unacceptable and dangerous" for ships to transit new routes through the Strait of Hormuz without coordination with Tehran, CNBC reported, citing local state media.In an emailed report on Wednesday, Stifel said 39 ships moved through the crucial waterway on Monday, still well below the usual average of over 100, but a strong improvement after more than three months of a complete halt in traffic.Darden Restaurants (DRI), TD Synnex (SNX), McCormick (MKC), Acuity (AYI), Commercial Metals (CMC) and BlackBerry (BB) report their latest financial results before the bell, among others.Gold slipped 0.2% to $4,002 per troy ounce, while bitcoin gained 3% to $61,489.
Darden Restaurants (DRI) has an average rating of overweight and mean price target of $229, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)
Darden Restaurants (DRI) is expected to post solid same-store sales growth for the fiscal fourth quarter at key brands despite macroeconomic pressures, including upside at LongHorn Steakhouse and modest downside at Olive Garden relative to consensus expectations, UBS Securities said Sunday in a report.The firm projects same-store sales growth of 2.9% at Olive Garden and 7.2% at LongHorn Steakhouse. Investor sentiment is "skewed negative" for Olive Garden due to an anticipated sales miss, tougher comparisons ahead and potential beef cost pressures, the report said.UBS forecasts blended fourth-quarter same-store sales growth of 4%, compared with Wall Street's 4.1% estimate. Investors generally expect Olive Garden's quarterly sales growth to come in the high-2% range, with LongHorn expected between 7% and 8%.Earnings are expected to remain broadly in line with Wall Street estimates, UBS said. Results are due Thursday.LongHorn Steakhouse is expected to maintain strong momentum, supported by consistent execution and menu innovation, UBS said. Olive Garden's performance is expected to be supported by value-focused promotions, affordability-driven menu initiatives, continued benefits from the Uber Direct partnership and incremental marketing investments.UBS maintained its buy rating on Darden stock with a $230 price target. Investors are likely to focus on management's outlook for beef costs, and insights into consumer restaurant demand in fiscal 2027, the report said.Darden entered the quarter with about 85% of its beef costs covered and expects operating margins to benefit from sales leverage, pricing in the mid-3% range, lower labor costs due to reduced turnover and favorable restaurant expenses, the report said.UBS forecasts fourth-quarter operating margins of 14.3%, in line with consensus estimates and up 70 basis points from a year earlier.The focus is on 2027 total inflation expectations "with beef cost projections likely still elevated, while the rest of the food basket and labor costs should remain relatively stable," the report said.Investor expectations for Darden's 2027 guidance are broadly in line with the company's long-term growth algorithm, UBS said.Price: $214.25, Change: $+0.80, Percent Change: +0.37%
US equity investors will focus this week on quarterly earnings from Micron Technology (MU) and inflation, while keeping a close eye on progress in talks between Iran and the US.* Earnings due this week include Micron Technology (MU), FedEx (FDX), Cerebras Systems (CBRS), Carnival (CCL), Trip.com (TCOM), Darden Restaurants (DRI), and Paychex (PAYX).* Looking ahead to Q2, consensus estimates call for earnings growth of more than 22%, according to a note from DA Davidson late Thursday. All of the S&P 500 constituents have reported Q1 results. Earnings surged almost 29% year-over-year, versus nearly 13% expected as of March 31, the strongest growth since Q4 2021. Information technology and communication services led the growth. Health Care was the only sector to see earnings fall in Q1.* Macroeconomic data due this week includes personal consumption expenditures, or PCE, price index, final read on Q1 gross domestic product, ADP employment change, S&P global composite PMI, durable goods orders, and Michigan consumer sentiment final, as well as inflation expectations.* "We used to think [PCE] was the Federal Reserve's favourite inflation gauge but now we're less sure given the arrival of a new Chair [Kevin Warsh] who launched five taskforces this past week including one to look at different measures of inflation," a Scotiabank note said late Thursday.* The US and Iran agreed to create a "de-confliction cell," facilitated by Qatar and Pakistan to ensure the end of military operations in Lebanon, CNN cited mediators in a news report early Monday. Fighting between Israel and Iran-backed Hezbollah has been a key obstacle to a deal, with Tehran insisting that deadly Israeli strikes must stop.* Iran's foreign minister, Abbas Araghchi, said sanctions on Tehran's oil were waived and some of its frozen assets released, CNN reported. Araghchi was also cited as saying a "reconstruction and development plan" was launched.
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