Jim Cramer Says Darden (DRI)’s Olive Garden is the OG

Company Overview - Darden Restaurants, Inc. (NYSE:DRI) is an American full-service restaurant company operating brands such as Olive Garden [2]. Financial Performance - For the second fiscal quarter, Darden reported revenue of $3.1 billion, exceeding analyst estimates of $3.07 billion [2]. - Adjusted earnings per share were $2.08, which fell short of the expected $2.10 [2]. Analyst Ratings - BTIG reiterated a Buy rating with a price target of $225 on December 19 [2]. - Stephens maintained an Equal Weight rating but reduced the price target from $215 to $205 on December 11, citing weaker trends at Olive Garden [2]. Market Trends - The CFO noted that high beef prices are impacting margins, although comparable sales at LongHorn Steakhouse remain stable despite this volatility [2]. - Jim Cramer highlighted the influence of chicken prices on Darden's performance, particularly in relation to Olive Garden [3].