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Darden Restaurants, Inc. (DRI)

NYSE - NYSE Delayed Price. Currency in USD
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119.81+4.21 (+3.64%)
At close: 04:04PM EDT
119.81 0.00 (0.00%)
After hours: 07:28PM EDT
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  • e
    ed
    Beat on earnings. Increased the dividend. Added $1b buy back. I understand we are headed towards a recession but what do people want at this point? The stock yields over 4.2 percent now. Gas prices are starting to come down. It seems to me as sensible but at these levels.
  • b
    ben
    Another great quarter!
  • L
    Luis
    I don't know...but it doesn't look good..., all we need now is shorties to start swimming around DRI falling stock prices.🤔
  • J
    Jabberwonky
    Anyone that didn't sell this at 150 needs their head examined. Do you REALLY think anyone is going to crave olive garden during a recession or $8 gasoline? Use your heads.
  • J
    Jeffrey
    C'mon Darden be a little more transparent. It's not hard to increase sales when you raised prices 25% over the last 2 years. What's your guest count comparison to 2019?? How about diluted earnings... looks to me like they were down 20%. DRI is in trouble with the looming recession.
  • J
    Jabberwonky
    Right back to where it was before the pandemic. This thing won't do anything but drop further.
  • W
    Winorlose
    Pricy! Next QU WILL get worse!
  • d
    david
    Current ratio is .7 they are going to start having problems meeting financial obligations.
  • M
    Mark
    What a bad stock... When's the lawsuits?
  • d
    david
    This has to be easiest short in market with food prices and gas prices up and consumer starting to pull back on discretionary spending. Love it.
  • J
    Jason
    This went below $20 in the 2008 recession then leveled off in the 40s. Better I would buy this in the 70s I guess
  • R
    Ronald
    I notice the dividend yield is currently only 1%. Do you expect the dividend to come back? I am a retired dividend investor. I have a nice capital gain with DRI. Should I hold or cash out and swap in to another dividend payer? Any commentary appreciated.
  • N
    Neil
    So I worked in a restaurant for many years. Do you want to know where the real money comes in from??? The Corona that a restaurant can but for $.75 and then sell for $5.95. Or the $6 bottle of wine that sells for $24. If you ever saw a breakdown of revenues it’s almost 50/50 between food sales and alcohol sales. If the dining room is closed....I’m sorry to say it but they aren’t coming close to covering the facilities overhead much less the corporate costs and debt. Especially in places where minimum wage is $13 an hour like San Diego.
  • L
    Lee
    If they cancel the dividend, maybe they can give us free dinners! (You can't make this stuff up.)
  • J
    Joe
    Simon Property Group, Inc.
    Here's how millenials shop nowadays...i know because I'm related to bunch of them.....They order 2 or 3 items online, see which one they like the most, go to Mall stores and return unwanted items. Crazy, but true. Ask your own relatives that are millenials....they're all doing it. So Mall traffic doesn't transcend to Mall purchases, mostly just convenient way to return items. just my observation....best to read retailer reports about mall vs online purchases and confirm for yourself. @Mark talks about long lines at restaurants, well if your establishment is restricted to 25-50% capacity, of course you're going to have long lines. Perhaps Google what Fauci and CDC said about in-store restaurant dining this week. Then go look at #DRI & #BLMN restaurant stock prices for Thursday and Friday. Don't let pumpers take up space in your brain. Research, research, research before investing.....and perhaps go to Malls and ask clerks how business is doing as far as actual sales and get their take on it. They're living it every day....if they say things are great and you don't see empty storefronts, perhaps it is time to buy. $18 BILLION a week has now disappeared via loss of $600 FED unemployment and doesn't look like a deal is in the works to extend it. Just a fraction of that money not going to Mall tenants is a retail apocalypse.
  • B
    Bet BSU
    Darden is putting time and effort into reconfigurations based on Social Distancing and cleanliness......and open air options. When Restaurants reopen, this will be a competitive advantage. :-)
  • L
    LogicTriumphs
    When the next Covid lockdown starts,
    Darden will drop back to the $80 to $84 range from its current $102.90 price.
  • R
    Ronald
    Darden increases dividend by 25%. Positive guidance thru 2022. Stock headed to 225.
  • T
    Tony
    Worked for the Company and started buying in 2008. It’s been a great ride. Definitely LOOOOOOOOOOONG! Real estate spin-off. Constantly growing dividends and Darden can form 3 major companies with what they have left. Thanks Mr. Darden. I know your gone but thank you for making a small towns guy Money dream come true
  • A
    Anonymous
    $6 Billion in debt less than $250 million in cash thats why they just issued another 7.7 million shares at $58.50...as they were burning over $35 million a week in cash now only $20 million a week. Takeout sales represent like 15% of total sales so they are still losing 75% of sales and most of the profits which is liquor sales. The balance sheet will be garbage by this time next year even with a steady increase in traffic as restaurants open.