Darden Restaurants' Diversified Portfolio And Uber Delivery Partnership Offer Confidence In Overcoming Fine Dining Challenges: Analysts

Benzinga12-21 02:42

Darden Restaurants, Inc. (NYSE:DRI) shares are trading relatively flat on Friday. Yesterday, the company reported that the second quarter adjusted earnings per share was $2.03, beating the street view...

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(NYSE:DRI) shares are trading relatively flat on Friday.\nYesterday, the company reported that the second quarter adjusted earnings per share was $2.03, beating the street view...</p>\n\n<a href=\"https://finance.yahoo.com/news/darden-restaurants-diversified-portfolio-uber-184232667.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Darden Restaurants' Diversified Portfolio And Uber Delivery Partnership Offer Confidence In Overcoming Fine Dining Challenges: Analysts</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDarden Restaurants' Diversified Portfolio And Uber Delivery Partnership Offer Confidence In Overcoming Fine Dining Challenges: Analysts\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-21 02:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/darden-restaurants-diversified-portfolio-uber-184232667.html><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Darden Restaurants, Inc. (NYSE:DRI) shares are trading relatively flat on Friday.\nYesterday, the company reported that the second quarter adjusted earnings per share was $2.03, beating the street view...</p>\n\n<a href=\"https://finance.yahoo.com/news/darden-restaurants-diversified-portfolio-uber-184232667.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SG9999015986.USD","symbol_name":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (USD) ACC","start_time":0,"source_url":"https://finance.yahoo.com/news/darden-restaurants-diversified-portfolio-uber-184232667.html","article_id":"2493242053","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/.19Z7LIXqRNpd0dfArnXvg--~B/aD01NTM7dz05ODM7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/Benzinga/9f663a3fb02ed4202f7989f2d8f51046"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2493242053","pubTimestamp":1734720152,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Darden Restaurants, Inc.  shares are trading relatively flat on Friday.Yesterday, the company reported that the second quarter adjusted earnings per share was$2.03, beating the street view of $2.02.Looking ahead, Darden Restaurants said it now sees FY25 total sales of approximately $12.1 billion . It reiterated diluted net earnings per share from continuing operations of$9.40to$9.60.Following the results, here are the analyst takes on the stock:. BofA Securities analyst Sara Senatore reiterated the Buy rating on the stock, raising the price forecast to $211 from $195.Goldman Sachs analyst Christine Cho maintained the Neutral rating on Darden Restaurants, raising the price objective to $193 from $183.Truist Securities analyst Jake Bartlett reiterated the Buy rating on Darden Restaurants, raising the price forecast to $200 from $195.Oppenheimer analyst Brian Bittner maintained the Outperform rating on the stock, raising the price forecast to $200 from $182.KeyBanc Capital Markets analyst","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"SG9999015986.USD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (USD) ACC","BK4503":"景林资产持仓","LU0006306889.USD":"SCHRODER ISF US LARGE CAP \"A\" (USD) INC AV","BK4551":"寇图资本持仓","BK4022":"陆运","SG9999015978.USD":"利安颠覆性创新基金A","BK4230":"旅客陆运","SG9999018857.SGD":"United Global Quality Growth Fd Cl Acc SGD-H","LU1814569148.SGD":"WELLINGTON GLOBAL QUALITY GROWTH \"D\" (SGDHDG) ACC","SG9999015945.SGD":"LionGlobal Disruptive Innovation Fund A SGD","LU2264538146.SGD":"Fullerton Lux Funds - Global Absolute Alpha A Acc SGD","BK4505":"高瓴资本持仓","SG9999014898.SGD":"United Global Quality Growth Fund Dis SGD","IE0002270589.USD":"LEGG MASON CLEARBRIDGE VALUE \"A\" (USD) INC","BK4504":"桥水持仓","BK4209":"餐馆","SGXZ31699556.SGD":"UGDP UNITED GLOBAL QUALITY GROWTH \"C\" (SGDHDG) ACC","LU1064131342.USD":"Fullerton Lux Funds - Global Absolute Alpha A Acc USD","IE0034235188.USD":"PINEBRIDGE GLOBAL FOCUS EQUITY \"A\" (USD) ACC","UBER":"优步","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","LU1668664300.SGD":"Blackrock World Financials A2 SGD-H","DRI":"达登饭店","BK4516":"特朗普概念","SG9999018865.SGD":"United Global Quality Growth Fd Cl Dist SGD-H","SG9999015952.SGD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (SGD) ACC","IE0004091025.USD":"BNY MELLON GLOBAL OPPORTUNITIES \"B\" (USD) ACC","LU1988902786.USD":"FULLERTON LUX FUNDS GLOBAL ABSOLUTE ALPHA \"I\" (USD) ACC","SG9999014914.USD":"UNITED GLOBAL QUALITY GROWTH (USDHDG) INC","IE0004086264.USD":"BNY MELLON GLOBAL OPPORTUNITIES \"A\" (USD) ACC","IE00B19Z3581.USD":"Legg Mason ClearBridge - Value A Acc USD","LU0642271901.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD-H","BK4585":"ETF&股票定投概念","LU2237443382.USD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A MIncA USD","BK4533":"AQR资本管理(全球第二大对冲基金)","GB00BDT5M118.USD":"天利环球扩展Alpha基金A Acc","LU1983260115.SGD":"Janus Henderson Horizon Global Sustainable Equity A2 SGD-H","SG9999017495.SGD":"UGDP UNITED GLOBAL QUALITY GROWTH \"B\" (SGD) ACC","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","LU2237443549.SGD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A MIncA SGD-H","IE00B19Z3B42.SGD":"Legg Mason ClearBridge - Value A Acc SGD","IE00BZ199S13.USD":"BNY MELLON MOBILITY INNOVATION \"B\" (USD) ACC","BK4536":"外卖概念","LU0353189680.USD":"富国美国全盘成长基金Cl A Acc","LU2237443622.USD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A Acc USD","BK4588":"碎股","LU0353189763.USD":"ALLSPRING  US ALL CAP GROWTH FUND \"I\" (USD) ACC","LU2237438978.USD":"Amundi Funds US Pioneer A2 (C) USD","BK4550":"红杉资本持仓","BK4552":"Archegos爆仓风波概念"},"translate_title":"分析师：达顿餐厅多元化的产品组合和优步送货合作伙伴关系为克服美食挑战提供了信心","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"UBER":1,"DRI":1},"content_text":"Darden Restaurants, Inc. (NYSE:DRI) shares are trading relatively flat on Friday.\nYesterday, the company reported that the second quarter adjusted earnings per share was $2.03, beating the street view of $2.02.\nLooking ahead, Darden Restaurants said it now sees FY25 total sales of approximately $12.1 billion (prior outlook $11.8 billion – $11.9 billion). It reiterated diluted net earnings per share from continuing operations of $9.40 to $9.60.\nFollowing the results, here are the analyst takes on the stock:\n\nBofA Securities analyst Sara Senatore reiterated the Buy rating on the stock, raising the price forecast to $211 from $195.\nGoldman Sachs analyst Christine Cho maintained the Neutral rating on Darden Restaurants, raising the price objective to $193 from $183.\nStephens analyst Jim Salera reiterated the Equal-Weight rating on the company, increasing the price forecast to $175 from $164.\nTruist Securities analyst Jake Bartlett reiterated the Buy rating on Darden Restaurants, raising the price forecast to $200 from $195.\nOppenheimer analyst Brian Bittner maintained the Outperform rating on the stock, raising the price forecast to $200 from $182.\nWedbush analyst Nick Setyan reiterated the Outperform rating on Darden Restaurants, increasing the price forecast to $220 from $200.\nKeyBanc Capital Markets analyst Eric Gonzalez maintained the Overweight rating on the company, raising the price forecast to $200 from $194.\n\nAlso Read: Market Volatility Halts On Soft Inflation Data, Yet Traders Remain Wary Of Fighting The Fed: 10 ETFs Moving Friday\nBofA Securities: According to the analyst, Olive Garden’s comps will stay positive in the second half of 2025, thanks to increased marketing efforts and potential growth from new channels like the upcoming Uber Technologies, Inc. rollout. The initial 100-store test shows that delivery order sizes are higher.\nWhile Fine Dining continues to face challenges with a 3.8% decline in comparable sales (excluding timing shifts and weather factors), the analyst thinks this performance aligns with a return to previous trends for households with incomes under $150k, Senatore writes.\nGoldman Sachs: The analyst projects Darden Restaurants to continue benefiting from its scale, the strength of the LongHorn brand, and subsegment diversification, but uncertainties remain around Olive Garden and Fine Dining traffic.\nThe Uber partnership is anticipated to bring increased advertising dollars to Darden Restaurants, though management has indicated they will not promote the delivery option until the full rollout in Olive Garden stores, expected by the fourth quarter of fiscal 2025 or the first quarter of fiscal 2026.\nStephens: Following the quarterly results, the analyst notes that the adjusted earnings per share estimate for fiscal year 2025 has been revised from $9.38 to $9.40, while EBITDA is adjusted from $1.939 billion to $1.962 billion.\nFor fiscal year 2026, the adjusted EPS estimate increases from $10.30 to $10.35, and EBITDA moves from $2.102 billion to $2.111 billion.\nTruist Securities: The analyst notes that stronger-than-expected same-store sales at Olive Garden have increased confidence in both restaurant demand and the brand’s ability to gain market share through disciplined promotions.\nThese promotions will continue in the third quarter of fiscal year 2025 and through the new national delivery partnership, which has tested well. With operating cost inflation decreasing and solid same-store sales performance, Darden Restaurants appears to be focusing on development, which is expected to accelerate in fiscal year 2026, supporting its valuation, Bartlett writes.\nOppenheimer: The analyst notes that they have increased their earnings per share estimates for fiscal years 2025 and 2026 to $9.50 and $10.68, respectively, up from previous estimates of $9.46 and $10.61.\nThese new estimates are higher than the street’s consensus of $9.43 and $10.58. Bittner also sees potential for further positive revisions as sales levers are implemented.\nWedbush: Per the analyst, Darden Restaurants will continue gaining category share despite an uncertain consumer environment, which increases confidence in its ability to achieve long-term annual return targets.\nThe analyst writes that the FY25 EPS estimate has been raised to $9.55 from $9.50, and the FY26 EPS estimate has been increased to $10.64 from $10.32.\nKeyBanc Capital Markets: The analyst writes that the Fine Dining segment remains a concern due to lower-to-middle-income consumers cutting back on aspirational purchases. However, Darden Restaurants’ diversified portfolio helps offset these challenges.\nDarden Restaurants now expects an earlier rollout of its third-party delivery partnership with Uber and sees an additional $2 million in synergies from its Chuy’s acquisition, the analyst notes.\nPrice Action: DRI shares are trading higher by 1.92% to $186.96 at last check Friday.\nRead Next:\n\nETF Market Sets Records In 2024 As Inflows Reach $1.6 Trillion: 7 Funds Leading Charge\n\nPhoto by Sundry Photography via Shutterstock.\nLatest Ratings for DRI\n\n\n\nDate\nFirm\nAction\nFrom\nTo\n\n\n\n\nDec 2021\nStifel\nUpgrades\nHold\nBuy\n\n\nDec 2021\nStephens & Co.\nMaintains\n\nOverweight\n\n\nDec 2021\nMKM Partners\nMaintains\n\nBuy\n\n\n\n View More Analyst Ratings for DRI \n View the Latest Analyst Ratings \nUNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets.\nGet the latest stock analysis from Benzinga?\n\nDARDEN RESTAURANTS (DRI): Free Stock Analysis Report\n\nThis article Darden Restaurants' Diversified Portfolio And Uber Delivery Partnership Offer Confidence In Overcoming Fine Dining Challenges: Analysts originally appeared on Benzinga.com\n© 2024 Benzinga.com. Benzinga does not provide investment advice. 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