Want to add reliable dividend payers to your portfolio? These household names can deliver inflation-beating payouts for many years to come.Generous dividend yields can be dangerous. Double-digit dividend yields often show a company is in deep trouble, where a stalwart series of boosted payouts couldn't drive stock prices higher. At the same time, cash-machine businesses can power their payouts from excessive cash flows, resulting in a strong yield that can last for many years.Fortunately, a couple of perfec ...

Darden Restaurants, Inc. (DRI) has completed the acquisition of Chuy's Holdings, Inc., following the merger agreement announced on July 17, 2024. The all-cash transaction has an enterprise value of about $605 million. A majority of Chuy's Holdings stockholders approved the deal on Oct. 10, 2024. The company financed the acquisition using proceeds from a $400 million offering of 4.35% senior notes due 2027 and a $350 million offering of 4.55% senior notes due in 2029. These notes were issued on Oct. 3, 2024. ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

Core Viewpoint - Darden Restaurants' stock (NYSE: DRI) shows potential for growth driven by a new partnership with Uber for delivery services, alongside a solid financial performance despite recent challenges [1][2][3]. Financial Performance - Darden reported $1.75 billion in revenue for the quarter, a 1% year-over-year increase, although it missed consensus estimates by 140 basis points [3]. - Comparable sales decreased by 1.1%, but the opening of 42 new stores helped offset this decline [3]. - Earnings from continuing operations were $1.75, adjusted for acquisition costs, reflecting a 1.7% decrease [4][5]. Strategic Developments - The partnership with Uber aims to enhance delivery services through Olive Garden's existing digital infrastructure, with a nationwide rollout expected by May 2025 [1][2]. - Long Horn Steakhouse showed strength with a 3.7% increase in sales, contrasting declines in other segments [3]. Market Sentiment - Analysts responded positively to Darden's Q1 report, with numerous price target increases; the highest target set at $205 by Evercore ISI Group [6]. - The consensus price targets range from $136 to $209, with 75% above the current consensus [6]. Dividend and Shareholder Returns - Darden maintains a dividend yield of 3.29% with an annual dividend of $5.60 and a three-year dividend growth rate of 62.25% [7]. - Share repurchases exceeded $170 million, reducing the share count by 2.3% compared to the previous year [7][8]. Technical Analysis - Darden's stock price is nearing a significant technical breakout, trading close to its all-time high, with potential for further gains if it breaks critical resistance [10].

Core Insights - Darden Restaurants, Inc. reported weaker-than-expected first-quarter financial results, with adjusted earnings per share of $1.75, missing the analyst consensus estimate of $1.83, and quarterly sales of $2.76 billion, below the expected $2.80 billion [1][2] Financial Performance - The company’s adjusted earnings per share for the first quarter were $1.75, which was lower than the expected $1.83 [1] - Quarterly sales amounted to $2.76 billion, missing the street view of $2.80 billion [1] Management Commentary - Darden's President & CEO Rick Cardenas expressed confidence in the strength of the business despite the first-quarter shortfall [2] Dividend Announcement - Darden's board approved a quarterly cash dividend of $1.40 per share, which will be paid on November 1 to shareholders recorded as of the close of business on October 10 [2] Stock Performance - Following the earnings announcement, Darden's shares increased by 8.3%, closing at $172.27 [2] Analyst Reactions - TD Cowen analyst Andrew Charles maintained a Hold rating and raised the price target from $150 to $165 [4] - Bernstein analyst Danilo Gargiulo downgraded the stock from Outperform to Market Perform, reducing the price target from $190 to $180 [4] - Stephens & Co. analyst Jim Salera maintained an Equal-Weight rating and raised the price target from $159 to $164 [4] - Wedbush analyst Nick Setyan maintained an Outperform rating and increased the price target from $170 to $200 [4] - Evercore ISI Group analyst David Palmer upgraded Darden from In-Line to Outperform, raising the price target from $165 to $205 [4]