|Bid||75.55 x 1300|
|Ask||75.35 x 900|
|Day's Range||75.14 - 77.98|
|52 Week Range||26.15 - 128.41|
|Beta (5Y Monthly)||1.31|
|PE Ratio (TTM)||14.75|
|Earnings Date||Jun. 18, 2020 - Jun. 22, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Jan. 09, 2020|
|1y Target Est||74.44|
LongHorn Steakhouse and Olive Garden parent Darden Restaurants (NYSE: DRI) is trading slightly higher following its restaurant reopening news yesterday. The restaurant company also attracted a price target upgrade from an analyst at financial services firm Cowen Group today, also possibly helping nudge its stock upward.
Shares of Brinker International (NYSE: EAT), Darden Restaurants (NYSE: DRI), Dave & Buster's (NASDAQ: PLAY), and BJ's Restaurants (NASDAQ: BJRI) were gaining today on a broad surge in the market after Moderna reported successful phase 1 results with its coronavirus vaccine. Positive comments from Federal Reserve Chairman Jerome Powell in a 60 Minutes interview last night also helped reassure investors and lift stocks today. As of 12:57 p.m. EDT, Brinker stock was up 13.1%, Darden had gained 7.6%, Dave & Buster's was 16.3% higher, and BJ's was up 12.8%.
Darden Restaurants, Inc. (NYSE:DRI), which is in the hospitality business, and is based in United States, received a...
Comments from the Fed chairman certainly didn't remove the doom and gloom surrounding the restaurant industry.
What happened Shares of Darden Restaurants (NYSE: DRI) were down 5% on Tuesday after a three-day run that saw its stock rise over 8%. So what Restaurants in general rose in tandem last week in the hope the economy would soon open again to allow restaurants to serve diners in their dining rooms.
The restaurant industry may be fundamentally changed by the coronavirus pandemic, but even with the ability to utilize takeout and delivery options to remain open when other businesses were forced closed, some chains may not survive. Shake Shack, for example, announced it will be punching holes in the sides of its burger shops to allow for drive-thru and walk-up orders, as they believe social distancing will be the norm for a long time to come. Olive Garden owner Darden Restaurants (NYSE: DRI) could have been done in by the pandemic, but, having built out a substantial off-premises business before the crisis struck, it has been able to offset much of the loss from customers no longer coming to sit down and eat.
Shares of Bloomin' Brands (NASDAQ: BLMN), Cheesecake Factory (NASDAQ: CAKE), and Darden Restaurants (NYSE: DRI) all underperformed the broad market on Thursday. Although there was no company-specific news to cause the stocks to fall, macroeconomic news, such as unemployment claims and consumer spending, seemed to weigh on the issues. At market close, Bloomin' Brands was down 10.9%, Cheesecake Factory was down 8.5%, and Darden was off 5.7%.
Restaurant stocks are on fire...in a good way. Brinker International (NYSE: EAT) is soaring nearly 30% on an earnings beat, and Cheesecake Factory (NASDAQ: CAKE) and Darden Restaurants (NYSE: DRI) jumped as much as 20% and 8%, respectively, as more states talk about reopening parts of their economies. Restaurant stocks continued to rebound from their initial sell-off as COVID-19 took the nation's attention.
Shares of Darden Restaurants (NYSE: DRI) gained today, closing up 3% after the company said it had reopened most of its Olive Garden locations in Georgia. Darden will reopen approximately 100 Olive Garden locations in Georgia, a meaningful chunk of the 870 company-owned Olive Garden restaurants it had at the end of last quarter. Olive Garden is Darden's biggest chain, followed by LongHorn Steakhouse with 522 locations.
Those following along with Darden Restaurants, Inc. (NYSE:DRI) will no doubt be intrigued by the recent purchase of...
Darden (DRI) same-restaurant sales continue to suffer from the coronavirus pandemic. The company is bearing nearly $20 million in losses every week due to the crisis.
McDonald's Corp rejected a request from its U.S. franchisees to delay collecting some March rent and royalty payments, prompting claims that the world's largest fast-food company is not providing enough support during the coronavirus crisis, according to several letters seen by Reuters. Franchisees that lead negotiations with the company asked McDonald's for a 14-day reprieve in their March rent during weeks of negotiations over financial help. The correspondence provides a snapshot of growing internal tensions between McDonald's executives and franchisee organizations amid an unprecedented global health crisis.
Darden Restaurants, Inc. (NYSE:DRI) shareholders should be happy to see the share price up 23% in the last week. But...
Clorox, Darden Restaurants, Intel, Boeing and JPMorgan Chase highlighted as Zacks Bull and Bear of the Day
As earnings season gets underway, investors are expecting reports from Chipotle and Netflix after Tuesday's market close. Chris Versace, Tematica Research Chief Investment Officer, joins Yahoo Finance to discuss the latest earnings reports and what to expect next.