Must-know: Darden Restaurants traded sideways after its earnings


Dec. 4 2020, Updated 10:53 a.m. ET

The stock traded sideways on Darden’s earnings

Darden Restaurants (DRI) reported its earnings on September 12—before the market open. The shares began trading at $48.96, which was up 1% from the previous day’s closing of $48.29. The day’s high and low were $49.43 and $47.28, respectively.

Share volume was ~3.6 million shares compared to the 90-day average daily volume of ~1.6 million shares. Darden closed at $47.58, 1.47% down from the previous day’s close, according to NASDAQ.

Upgrades and downgrades

  • On September 16, Citigroup maintained a “buy” rating on Darden at a price target of $57.
  • As of September 19, nine analysts have a buy rating, 15 have a hold rating, and six have a sell rating on Darden Restaurants, with a consensus target price of $49.5.

2Q15 estimates

The Wall Street consensus estimates for Darden Restaurants 2Q15 are as follows:

  • Adjusted earnings per share is estimated to be at $0.26
  • Revenues are estimated at $1.55 billion
  • Operating profits are estimated to be at $60 million
  • Adjusted net income is to be at $32.5 million
  • 3Q earnings are estimated to be announced on December 19, 2014
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Next, we’ll cover Darden Restaurants’ year-to-date returns, and compare it to its competitors. Its competitors include Brinker International (EAT)—which operates Chili’s Grill & Bar and Maggiano’s Little Italy brands—and The Cheesecake Factory (CAKE). Both of these companies are part of the Vanguard Total Stock Market ETF (VTI), which also holds Bloomin’ Brands (BLMN).


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