LongHorn Steakhouse Parent Darden Restaurants Announces Public Offering of 7.8 Million Shares [The Motley Fool]
Darden Restaurants, Inc. (DRI)
Last darden restaurants, inc. earnings: 3/19 07:00 am
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US:NYSE Investor Relations:
investor.darden.com/investors/investor-relations/default.aspx
Company Research
Source: The Motley Fool
Darden Restaurants(NYSE:DRIman SachsBank of AmericaThe offering comes asDarden reports a % drop in same-restaurant salesImage source: Getty Images.Darden has taken several measures to help ensure its liquidity during recent weeks, with today's stock offering being only the latest.It drew down a loan worth $70 millionDarden says it is offering the 7.8 million shares at $8.0 per share, several dollars below its current price of around $6 per share. The offering could potentially gain it up to roughly $0 million. Additionally, it is giving the underwriters an option to purchase .7 million more shares at the same price, an additional approximate $68.6 million boost to Darden's available cash.Though it was down slightly before stock markets opened this morning, Darden Restaurants stock is now trading up about .%, though it's still far below its pre-coronavirus value in the $00 to $0 range.
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DRI
News
- Darden Restaurants (NYSE:DRI) had its price target lowered by analysts at Citigroup Inc. from $239.00 to $232.00. They now have a "buy" rating on the stock.MarketBeat
- Darden Restaurants (NYSE:DRI) was downgraded by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a> from a "buy (b-)" rating to a "hold (c+)" rating.MarketBeat
- Why The Narrative Around Darden Is Shifting After Analyst and Earnings Updates [Yahoo! Finance]Yahoo! Finance
- Darden Restaurants (NYSE:DRI) was given a new $185.00 price target on by analysts at Mizuho.MarketBeat
- Almost no indication of tariff inflation in Walmart's Q3 report, says Fmr. Walmart U.S. CEO Bill Simon [CNBC]CNBC
DRI
Earnings
- 9/18/25 - Beat
DRI
Sec Filings
- 11/25/25 - Form 4
- 11/25/25 - Form 4
- 11/12/25 - Form 4
- DRI's page on the SEC website