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Darden Restaurants, Inc.’s Stock Price Skyrockets to $183.44, Marking a Stunning 14.74% Increase

By December 20, 2024 No Comments

Darden Restaurants, Inc. (DRI)

183.44 USD +23.57 (+14.74%) Volume: 4.74M

Darden Restaurants, Inc.’s stock price soared to $183.44, marking a significant increase of 14.74% in this trading session, on a trading volume of 4.74M. With a year-to-date percentage change of +12.12%, DRI’s stock performance demonstrates a promising trend for investors.


Latest developments on Darden Restaurants, Inc.

Darden Restaurants stock has been on the rise as Olive Garden and LongHorn Steakhouse fuel sales growth, leading to an 18% gain with sizzling 2025 guidance. The company’s strong Q2 earnings beat estimates, with a 6% sales growth to $2.9 billion. Darden has raised its annual sales forecast and lifted its FY25 sales forecast after beating market expectations. The stock has surged on upbeat guidance, with shares soaring nearly 15% after crushing Q2 expectations. Analysts have raised the target price for Darden Restaurants to $200, reflecting a bullish surge in the company’s performance. With diners still obsessed with Olive Garden and LongHorn Steakhouse, Darden Restaurants continues to show solid financial results and strong growth potential.


Darden Restaurants, Inc. on Smartkarma

Baptista Research recently published a research report on Darden Restaurants Inc., analyzing the company’s financial performance for the first quarter of fiscal year 2025. Despite facing challenges in the competitive dining industry, Darden’s strategic initiatives and diverse brand portfolio are seen as key strengths. The report suggests that expanded delivery partnerships and menu enhancements could potentially drive growth for the company in the future. Baptista Research conducted an independent valuation of Darden using a Discounted Cash Flow (DCF) methodology to assess the factors that could impact the company’s stock price.


A look at Darden Restaurants, Inc. Smart Scores

FactorScoreMagnitude
Value2
Dividend5
Growth4
Resilience2
Momentum4
OVERALL SMART SCORE3.4

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on the Smartkarma Smart Scores, Darden Restaurants has a positive long-term outlook. With a high score in dividends and growth, the company is seen as a reliable investment option for those looking for steady returns and potential for expansion. Additionally, Darden Restaurants has shown strong momentum in recent times, indicating a positive trend in its performance.

Darden Restaurants, Inc. is a company that owns and operates full-service restaurants, specializing in seafood and Italian cuisine. With a presence throughout North America under various brand names, Darden Restaurants has established itself as a prominent player in the restaurant industry. Despite some lower scores in value and resilience, the company’s high scores in dividends, growth, and momentum suggest a promising future ahead.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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