Darden Restaurants announced on Tuesday that it will close its Bahama Breeze chain after nearly 30 years in operation.The Orlando-based company said it will permanently shut down 14 of Bahama Breeze’s 28 restaurants, while converting the remaining locations into other Darden brands.Restaurants designated for permanent closure will continue operating through April 5, Darden said.The conversion of the remaining 14 locations is expected to take 12 to 18 months. Those restaurants will continue operating until a ...

Olive Garden parent company Darden Restaurants has announced that it will shut down its Bahama Breeze restaurant chain for good. But in an unusual move, some current Bahama Breeze locations will live ... ...

JD and Kyle Shoot Stock/iStock Editorial via Getty Images Listen below or on the go via Apple Podcasts and Spotify Darden (DRI) decides to pull the plug on the Bahama Breeze chain. (00:14) AMD slides even as Q4 results, guidance surge past Wall Street estimates. (01:13) Walmart (WMT) reaches $1 trillion market value. (02:33) This is an abridged transcript. Darden Restaurants (DRI) announced that it will permanently close 14 of the company's 28 Bahama Breeze restaurants and convert the remaining 14 lo ...

JD and Kyle Shoot Stock/iStock Editorial via Getty Images Listen below or on the go via Apple Podcasts and Spotify Darden (DRI) decides to pull the plug on the Bahama Breeze chain. (00:14) AMD slides even as Q4 results, guidance surge past Wall Street estimates. (01:13) Walmart (WMT) reaches $1 trillion market value. (02:33) This is an abridged transcript. Darden Restaurants (DRI) announced that it will permanently close 14 of the company's 28 Bahama Breeze restaurants and convert the remaining 14 lo ...

Core Viewpoint - Darden Restaurants is closing 14 of the 28 Bahama Breeze locations in the US as part of a strategic review, with plans to convert the remaining sites to other brands within its portfolio [1][4]. Group 1: Closure Details - The closures will affect locations in several states, including Delaware, Georgia, Michigan, New Jersey, North Carolina, Virginia, and Florida, as well as sites in King of Prussia and Pittsburgh, Pennsylvania [2]. - The restaurants marked for closure are expected to continue operating until April 5, 2026 [2]. Group 2: Conversion Plans - Darden plans to convert the remaining 14 Bahama Breeze locations over the next 12 to 18 months, with temporary closures occurring as needed for the conversion work [3]. - The specific brands that will take over the converted sites have not yet been disclosed, but the company believes these locations will benefit several brands in its portfolio [3]. Group 3: Financial Impact and Support - Darden does not anticipate that the closures and conversions will have a material impact on its financial results [4]. - The company emphasizes its commitment to supporting team members, aiming to place as many as possible in roles within the Darden portfolio [4].

The Bahama Breeze restaurant chain is closing, with half of the restaurants being shuttered and the other half converting to parent company Darden's other brands. ...

Darden Restaurants, Inc. (NYSE:DRI) shares traded higher on Tuesday after the company finalized its review of the Bahama Breeze brand.The casual dining operator said it completed an evaluation of strategic alternatives for the Caribbean-themed chain.Darden previously signaled that the 28 Bahama Breeze restaurants no longer fit its long-term growth priorities.The company explored options, including a potential sale or brand conversion.Darden now plans to permanently shut 14 Bahama Breeze restaurants and will ...

ORLANDO, Fla., Feb. 3, 2026 /PRNewswire/ -- Darden Restaurants, Inc. ("Darden") (NYSE: DRI) today announced that it has completed its exploration of strategic alternatives for Bahama Breeze. Previously, the company announced that the Bahama Breeze brand, and its 28 locations, were no longer a strategic priority and that it would consider strategic alternatives, including a potential sale of the brand or converting restaurants to other Darden brands. The company has now determined that it will permanently cl ...

Core Insights - iREIT+HOYA Capital focuses on income-producing asset classes that provide sustainable portfolio income, diversification, and inflation hedging [1][2] - The investment group emphasizes high-yield, dividend growth ideas, targeting dividend yields up to 10% across various asset classes including REITs, ETFs, closed-end funds, and preferred stocks [2] Investment Strategy - The investment philosophy encourages buying stocks that are easily understandable, which often leads to simpler business models [2] - The group aims to help investors achieve dependable monthly income and portfolio diversification [2] Market Position - iREIT+HOYA Capital positions itself as a premier service for income-focused investing on Seeking Alpha, offering a free two-week trial for potential investors [1]

Core Viewpoint - The article summarizes significant analyst rating changes that are expected to impact the market, highlighting upgrades, downgrades, and new coverage ratings for various companies [1][6]. Upgraded Ratings - Merril Lynch upgraded Darden Restaurants (DRI) from "Hold" to "Buy," raising the target price from $240 to $265, citing a value-driven operational strategy leading to stable customer traffic and market share growth [5]. - Mizuho Securities upgraded Procter & Gamble (PG) from "Neutral" to "Outperform," increasing the target price from $157 to $165, indicating potential for accelerated organic sales growth and improved profit margins [5]. - Royal Bank of Canada’s Cowen upgraded Fortinet (FTNT) from "Hold" to "Buy," maintaining a target price of $100, based on stable operational expectations for FY2026 [5]. - Deutsche Bank upgraded Applied Materials (AMAT) from "Hold" to "Buy," significantly raising the target price from $275 to $390, reflecting a favorable outlook for the wafer fabrication equipment industry in 2026-2027 [5]. - JPMorgan upgraded Acushnet Holdings (GOLF) from "Underweight" to "Neutral," increasing the target price from $74 to $96, due to a diversified product portfolio and pricing power [5]. Downgraded Ratings - Citizens Bank downgraded Trade Desk (TTD) from "Outperform" to "Market Perform," without providing a target price, citing increasing market competition and limited short-term catalysts for stock price appreciation [10]. - Deutsche Bank downgraded Sherwin-Williams (SHW) from "Buy" to "Hold," lowering the target price from $390 to $380, indicating potential downward pressure on valuation multiples until earnings growth can be proven [10]. - Jefferies downgraded Li Auto (LI) from "Buy" to "Hold," significantly reducing the target price from $28.80 to $17.50, due to intensified competition in the home SUV segment [10]. - Harbor Research downgraded Cleveland-Cliffs (CLF) from "Buy" to "Neutral," acknowledging improved fundamentals but noting that the current stock price reflects normalized earnings levels [10]. - JPMorgan downgraded Southern Copper (SCCO) from "Neutral" to "Underweight," slightly adjusting the target price from $119.50 to $117.50, indicating limited upside potential based on current copper spot prices [10]. New Coverage Ratings - Citigroup initiated coverage on Elf Beauty (ELF) with a "Buy" rating and a target price of $110, highlighting market share growth and potential from the acquisition of skincare brand Rhode [12]. - Freedom Capital initiated coverage on Hinge Health (HNGE) with a "Buy" rating and a target price of $59, forecasting a 23% revenue growth and an industry-leading profit margin of 82%-83% [12]. - Susquehanna Group initiated coverage on HEICO Corporation (HEI) with a "Neutral" rating and a target price of $385, projecting an 8% revenue CAGR and a 13% free cash flow CAGR from FY2026 to FY2028, while noting a significant valuation premium [12]. - Cantor Fitzgerald initiated coverage on Quanta Services (PWR) with an "Outperform" rating and a target price of $520, citing a multi-year investment cycle driven by modernization and electrification trends [12]. - Texas Capital initiated coverage on MGM China (MLCO) with a "Buy" rating and a target price of $11.50, emphasizing its unique non-gaming business model and alignment with Macau's tourism recovery [12].