Darden Restaurants Inc. ($DRI) Stock Forecast: Up 11.8% Today

What is Darden Restaurants Inc.?

Darden Restaurants, Inc. (DRI) is a full-service restaurant operator with popular chains like Olive Garden and LongHorn Steakhouse. Today, the stock had a strong bullish movement in the market.

Why is Darden Restaurants Inc. going up?

DRI stock is up 11.8% on Dec 19, 2024 17:50

• DRI's second-quarter earnings beat estimates, with adjusted earnings per share coming in at $2.03, slightly above expectations.
• Despite missing revenue estimates by a small margin, Darden Restaurants saw a 6% increase in sales, driven by the performance of Olive Garden and LongHorn Steakhouse.
• The market reacted positively to the news of revenue growth and the company's ability to navigate challenges such as rising food prices and labor issues.
• The addition of new restaurants, including Chuy's locations, also contributed to the company's strong performance, signaling potential growth opportunities for Darden in the future.

DRI Price Chart

DRI Technical Analysis

DRI News

Darden's Q2 Earnings Underperform Estimates, Revenues Top

DRI's second-quarter fiscal 2024 top line reflects benefits from the addition of 103 Chuy's restaurants and 39 net new restaurants.

https://www.zacks.com/stock/news/2385800/dardens-q2-earnings-underperform-estimates-revenues-top

Darden Restaurants Stock Gains After Q2 Earnings Beat Estimates, Sales Jump 6% - Darden Restaurants ( NYSE:DRI )

Darden Restaurants, Inc. DRI shares are trading higher in the premarket session on Thursday. The company reported that the second quarter adjusted earnings per share was $2.03, beating the street view of $2.02. Quarterly sales of $2.89 billion missed the analyst consensus estimate of $2.899 billion.

https://www.benzinga.com/24/12/42585797/darden-restaurants-stock-gains-after-q2-earnings-beat-estimates-sales-jump-6

Darden Restaurants ( DRI ) Q2 Earnings Miss Estimates

Darden Restaurants (DRI) delivered earnings and revenue surprises of -0.98% and 0.48%, respectively, for the quarter ended November 2024. Do the numbers hold clues to what lies ahead for the stock?

https://www.zacks.com/stock/news/2385643/darden-restaurants-dri-q2-earnings-miss-estimates

Darden Restaurants' sales rise 6%, fueled by Olive Garden and LongHorn Steakhouse

Darden Restaurants met Wall Street's expectations for its fiscal second-quarter results.

https://www.cnbc.com/2024/12/19/darden-restaurants-dri-q2-2025-earnings.html

Darden Restaurants Visitor Growth Outpaces Industry: What's Ahead For Q2 Earnings? - Darden Restaurants ( NYSE:DRI )

Darden Restaurants, Inc. DRI is set to report its second-quarter results on Thursday before the opening bell. Here's a look at what to expect from the largest full-service restaurant operator in the country. What To Know: Darden Restaurants faced challenges, including rising food prices and labor ...

https://www.benzinga.com/general/restaurants/24/12/42540835/darden-restaurants-visitor-growth-outpaces-industry-whats-ahead-for-q2-earnings

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Darden Restaurants Inc. Price History

19.08.2024 - DRI Stock was up 5.3%

• Analysts expect Darden Restaurants to report positive quarterly earnings of $1.84 per share, surpassing last year's earnings.
• Although there were concerns about a possible earnings beat, investors appear optimistic about the company's performance.
• The anticipation of favorable earnings results likely fueled the bullish movement in DRI stock today.
• Investors are demonstrating confidence in Darden Restaurants' capacity to overcome obstacles and achieve robust financial outcomes.

19.08.2024 - DRI Stock was up 7.9%

• The bullish movement in DRI stock today can be attributed to the following factors:
• Despite missing analyst estimates for earnings per share and quarterly sales, the market may have reacted positively to the fact that the company's revenue still exceeded expectations.
• Investors might be optimistic about the future performance of Darden Restaurants, considering the slight revenue surprise in the first quarter.
• The market could be focusing on the company's ability to adapt and recover from any setbacks in the current economic climate, leading to increased confidence among investors.
• Overall, the bullish movement in DRI stock today could be a reflection of investors looking beyond the missed estimates and focusing on the company's resilience and potential for growth in the upcoming quarters.

19.08.2024 - DRI Stock was up 8.4%

• Despite Darden Restaurants' first-quarter fiscal 2025 earnings and revenues falling short of estimates, the stock displayed bullish movement. Potential reasons for this include:
• Investors may be encouraged by the positive influence of new restaurant openings on the company's revenue growth.
• Market confidence in Darden Restaurants' ability to address declining same-restaurant sales.
• The stock's positive response to quarterly results, despite missing analyst consensus estimates for adjusted earnings per share and sales.
• Analysts' anticipated improvements in quarterly earnings from the previous year may have also contributed to the bullish movement.

19.11.2024 - DRI Stock was up 11.8%

• DRI's second-quarter earnings beat estimates, with adjusted earnings per share coming in at $2.03, slightly above expectations.
• Despite missing revenue estimates by a small margin, Darden Restaurants saw a 6% increase in sales, driven by the performance of Olive Garden and LongHorn Steakhouse.
• The market reacted positively to the news of revenue growth and the company's ability to navigate challenges such as rising food prices and labor issues.
• The addition of new restaurants, including Chuy's locations, also contributed to the company's strong performance, signaling potential growth opportunities for Darden in the future.

19.11.2024 - DRI Stock was up 12.4%

• Recently, Darden Restaurants' stock surged after revealing Q2 earnings that surpassed estimates, with adjusted earnings per share reaching $2.03, slightly above expectations.
• Although falling slightly short of the analyst consensus on quarterly sales, the 6% rise in sales, fueled by robust performances from Olive Garden and LongHorn Steakhouse, pleased investors.
• The company's adept handling of challenges like increasing food prices and labor costs is evident in the positive sales growth and earnings beat, showcasing its resilience and strategic management.
• Analysts' forecasts and prospects for Darden Restaurants' key metrics indicate a promising future trajectory, fostering optimism for the company's performance and investor sentiment.

23.05.2023 - DRI Stock was up 0.5%

• Darden Restaurants Inc (DRI) had a strong bullish movement today.
• The company reported mixed Q4 financial results and issued guidance, with sales growth of 6.4% YoY to $2.769 billion, beating the consensus EPS of $2.54.
• The positive results could be attributed to the reopening of the economy and increased consumer spending on dining out.
• The news articles about other companies are not related to the bullish movement of DRI.

21.02.2024 - DRI Stock was down 6.7%

• Lower-income customers reducing spending, particularly impacting the Fine Dining segment.
• Missed revenue forecasts and reduced sales outlook due to a challenging operating environment.
• Quarterly sales fell short of estimates despite profit growth.
• Consumer behavior favoring higher-income households is a notable trend affecting Darden Restaurants' performance and market activity.

22.05.2023 - DRI Stock was down 4.3%

• DRI had a strong bearish movement today.
• DRI is scheduled to announce Q4 earnings results tomorrow, June 22nd.
• Analysts are bullish about DRI ahead of Q4 earnings, but there is uncertainty in the market due to the Fear and Greed Index remaining in the "Extreme Greed" zone and the FTC filing a lawsuit against Amazon.com over its Prime sign up.
• The market may be reacting to the uncertainty surrounding DRI's upcoming earnings report and the overall market sentiment.