Olive Garden parent says it has $1 billion in cash on hand, stock jumps 10% [MarketWatch]
Darden Restaurants, Inc. (DRI)
Last darden restaurants, inc. earnings: 3/19 07:00 am
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investor.darden.com/investors/investor-relations/default.aspx
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Source: MarketWatch
Darden Restaurants Inc. shares jumped 10% in Tuesday premarket trading after the Olive Garden parent said it now has $1 billion in cash on hand. The company previously drew down $750 million from its revolving credit agreement, money that the company says has gone untouched. It now has a new $270 million term loan credit agreement. Cash burn rate at the current sales level and with the to-go format is $25 million per week. Darden said same-restaurant sales for the fourth quarter to April 5 slumped 39.1%, with same-restaurant sales falling 75.2%, 74.9%, and 71.2% for the last three weeks, respectively. Darden's portfolio also includes Longhorn Steakhouse. Darden shares are down 56% over the past year while the S&P 500 index is down 8% for the last 12 months.
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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