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Signal Says 'Buy the Dip' on This Restaurant Stock
Schaeffers Investment Research· 2024-10-11 17:44
Olive Garden parent Darden Restaurants, Inc (NYSE:DRI) was last seen down 0.9% at $157.22. The shares have been unable to maintain their September six-month highs, which came after an upbeat earnings and report partnership reveal sent the stock gapping higher by 8.3%. Since then though, the equity has dropped into the red for 2024 and logged eight of its last 10 sessions lower. All is not lost, if past is precedent, as DRI looks to be approaching a historically bullish trendline. According to the latest dat ...
Darden Restaurants Completes Acquisition of Chuy's Holdings, Inc.
Prnewswire· 2024-10-11 13:00
ORLANDO, Fla., Oct. 11, 2024 /PRNewswire/ -- Darden Restaurants, Inc. ("Darden") (NYSE:DRI) today announced that it has completed the acquisition of Chuy's Holdings, Inc. ("Chuy's Holdings") in an all-cash transaction with an enterprise value of approximately $605 million. The transaction was approved by a majority of Chuy's Holdings stockholders on October 10, 2024. This follows the merger agreement that was announced on July 17, 2024. Darden Restaurants, Inc. Logo. (PRNewsfoto/Darden Restaurants, Inc.: Ge ...
Editas Medicine Announces $50+ Million Monetization Financing with DRI Healthcare Trust
GlobeNewswire News Room· 2024-10-03 22:00
CAMBRIDGE, Mass., Oct. 03, 2024 (GLOBE NEWSWIRE) -- Editas Medicine, Inc. (Nasdaq: EDIT), a clinical-stage gene editing company, today announced the sale of certain future license fees and other payments owed to Editas Medicine under its Cas9 license agreement with Vertex Pharmaceuticals to a wholly-owned subsidiary of DRI Healthcare Trust (DRI) for an upfront cash payment of $57 million. The upfront cash payment brings non-dilutive capital to Editas Medicine, helping enable further pipeline development and ...
Insider Sale: SVP Susan Connelly Sells Shares of Darden Restaurants Inc (DRI)
Gurufocus· 2024-10-02 18:03
Susan Connelly, the Senior Vice President, Chief Communications and Public Affairs Officer of Darden Restaurants Inc (DRI, Financial), sold 3,320 shares of the company on October 1, 2024. The transaction was reported in a recent SEC Filing. Following this sale, the insider now owns 6,154.508 shares of Darden Restaurants Inc. Darden Restaurants Inc operates full-service restaurants in the United States and Canada. Its brands include Olive Garden, LongHorn Steakhouse, Cheddar's Scratch Kitchen, Yard House, Th ...
Top Wall Street analysts prefer these dividend stocks to strengthen portfolios
CNBC· 2024-09-29 11:03
The Federal Reserve recently cut interest rates by 50 basis points, setting a favorable backdrop for dividendpaying stocks. Wall Street analysts' recommendations and in-depth analysis can help investors choose dividend stocks that can enhance total returns with passive income and stock price appreciation. Here are three dividend stocks, highlighted by Wall Street's top pros on TipRanks, a platform that ranks analysts based on their past performance. Northern Oil and Gas This week's first dividend stock is N ...
Darden Restaurants(DRI) - 2025 Q1 - Quarterly Report
2024-09-27 20:07
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended August 25, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to | --- | --- | |----------------------------------------------------------------------------|------------------------------------------| | | | | 1-1 ...
Darden Restaurants Is on the Verge of a Significant Breakout
MarketBeat· 2024-09-23 11:15
Darden Restaurant's NYSE: DRI stock has numerous advantages for investors, as seen in the price action. The stock has been volatile in recent years, but each downswing is met by an upswing, and momentum is building in H2 2024. Among the drivers of market sentiment, today is a new partnership with Uber that promises to drive growth across the network over the long term. Darden Restaurants Today DRI Darden Restaurants $170.17 -2.10 (-1.22%) 52-Week Range $133.36 ▼ $176.84 Dividend Yield 3.29% P/E Ratio 19.97 ...
These Analysts Revise Their Forecasts On Darden Restaurants After Q1 Results
Benzinga· 2024-09-20 12:40
Darden Restaurants, Inc. DRI reported weaker-than-expected first-quarter financial results on Thursday. The company reported adjusted earnings per share of $1.75, missing the analyst consensus estimate of $1.83. Quarterly sales of $2.76 billion missed the street view of $2.80 billion. "While we fell short of our expectations for the first quarter, I firmly believe in the strength of our business," said Darden President & CEO Rick Cardenas. Darden's directors have approved a quarterly cash dividend of $1.40 ...
S&P 500 Gains and Losses Today: Index Pops to All-Time High After Jumbo Rate Cut
Investopedia· 2024-09-19 21:28
Key Takeaways The S&P 500 soared 1.7% on Thursday, Sept. 19, notching a record closing high a day after the Fed opted for an aggressive interest-rate cut. Darden Restaurant shares skyrocketed after the Olive Garden parent reported improving sales trends and announced a pilot delivery partnership with Uber Eats. Shares of Deckers Outdoor lost ground following the completion of the footwear and apparel company's stock split. Major U.S. equities indexes tore higher a day after the Federal Reserve announced a h ...
Darden's Earnings and Revenues Underperform Estimates in Q1
ZACKS· 2024-09-19 18:01
Darden Restaurants, Inc. (DRI) reported dismal first-quarter fiscal 2025 results, with earnings and revenues missing the Zacks Consensus Estimate. On a year-over-year basis, the top line increased, but the bottom line declined. The quarterly earnings fell short of expectations due to a significant drop in traffic during July. However, since then, the company has seen an improvement in sales trends. Considering this recovery and the planned initiatives for the rest of the fiscal year, the company reaffirmed ...