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Stock impact report

Jim Cramer Says Darden (DRI)'s Olive Garden is the OG [Yahoo! Finance]

Darden Restaurants, Inc. (DRI) 
Last darden restaurants, inc. earnings: 3/19 07:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
Darden Restaurants, Inc. (NYSE:DRI) is an American full-service restaurant company that operates brands such as Olive Garden. The firm reported its second fiscal quarter earnings on Thursday and posted $3.1 billion in revenue and $2.08 in adjusted earnings per share. While Darden Restaurants, Inc. (NYSE:DRI)'s revenue beat analyst revenue estimates of $3.07 billion, its earnings missed estimates of $2.10. After the earnings, BTIG reiterated a Buy rating and a $225 share price target for the firm on December 19th. Stepehens also reiterated an Equal Weight rating on the same day, which followed the firm's coverage on December 11th. On the 11th, it cut the share price target to $205 from $215. As part of its coverage, the firm commented that Darden Restaurants, Inc. (NYSE:DRI) was experiencing weaker trends at Olive Garden, but added that comparable sales at LongHorn Steakhouse appeared to be stable despite volatility in beef prices. During its earnings call, the firm's CFO commented th Show less Read more
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