#6 - Darden Restaurants (NYSE:DRI)
Will they or won’t they? That’s the question that faces investors who are considering buying Darden Restaurants (NYSE:DRI) stock. Darden is the parent company of the Olive Garden and Longhorn Steakhouse chains. The company had a surge in its to-go business for both of those chains.
But all eyes are going to be watching to see what the consumer appetite will be, if any, for dining out. It won’t be business as usual for a while, investors understand that. But chains like Olive Garden are the ones that stand to be hurt the most from a start-stop model. There is also some concern that any traffic they receive from customers returning to the restaurant will offset the gains they’ve made in to-go orders.
And that is really the story of the company’s upcoming earnings report. The results for the last quarter will be bad. But investors will be keen to hear what the company’s outlook is for future growth.
DRI stock is up over 100% since March, but it still remains down about 30% for the year and about the same over the last 12 months.
About Darden Restaurants
Darden Restaurants, Inc, together with its subsidiaries, owns and operates full-service restaurants in the United States and Canada. It operates under Olive Garden, LongHorn Steakhouse, Cheddar's Scratch Kitchen, Yard House, The Capital Grille, Seasons 52, Bahama Breeze, Eddie V's Prime Seafood, and Capital Burger brand names.
Read More - Current Price
- $148.78
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 16 Buy Ratings, 4 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $173.81 (16.8% Upside)
