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DRI - Darden Restaurants, Inc.

Discussion in 'Stock Message Boards NYSE, NASDAQ, AMEX' started by bigbear0083, Apr 4, 2016.

  1. bigbear0083

    bigbear0083 Content Manager
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    [​IMG]

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    Darden Restaurants, Inc. (DRI) is an American multi-brand restaurant operator headquartered in Orlando. The firm owns several casual dining restaurant chains: Olive Garden, LongHorn Steakhouse, Bahama Breeze, Seasons 52, Eddie V's Prime Seafood, The Capital Grille and Yard House. Until July 28, 2014, Darden also owned Red Lobster. Darden has more than 1,500 restaurant locations and more than 150,000 employees, making it the world's largest full-service restaurant company. As of 2012, Darden is the only Fortune 500 company with its corporate headquarters in Greater Orlando.
     
  2. T0rm3nted

    T0rm3nted Moderator
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    Darden Restaurants (DRI) Stock Down, Chairman Resigns

    NEW YORK (TheStreet) -- Shares of Darden Restaurants (DRI - Get Report) are dropping by 2.93% to $65.37 on Tuesday morning, as the company reported strong results for the 2016 fiscal third quarter, but announced that its chairman resigned.

    Darden, which owns Olive Garden and LongHorn Steakhouse, said that Chairman Jeffrey Smith, head of activist investor Starboard Value, has resigned from the company's board.

    Smith was named chairman in October 2014 after the investment firm ousted Darden's entire board, CNBC.com noted.

    "I am able to move on to other projects at this time because of the outstanding chemistry and capabilities of both the board and management," he said in a statement.

    Smith will be replaced as chairman by Charles Sonsteby, an independent director on Darden's board and CFO of arts and crafts retailer Michaels Cos. (MIK).

    Additionally, before today's opening bell, the Orlando-based restaurant company posted adjusted earnings of $1.21 per share, topping analysts' estimates of $1.19 per share.

    Revenue was $1.85 billion, slightly above Wall Street's expectations of $1.84 billion.

    Same store sales rose by 6.2% during the period.

    For fiscal 2016, Darden expects adjusted earnings per share between $3.48 and $3.52. Analysts are looking for earnings of $3.49 per share.

    Separately, TheStreet Ratings Team has a "Buy" rating with a score of B+ on the stock.

    The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, increase in net income, revenue growth and reasonable valuation levels.

    The team believes its strengths outweigh the fact that the company shows low profit margins.

    Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

    You can view the full analysis from the report here: DRI
     
  3. T0rm3nted

    T0rm3nted Moderator
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    Reported before open today (6/30/16)
    Earnings: EPS $1.10 Revenue $1.79B
    Estimates: EPS $1.08 Revenue $1.81B

    Down 3.52% today so far
     
  4. T0rm3nted

    T0rm3nted Moderator
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    Ex-Div-Date: 7/7/16
    Payment Date: 8/1/16
    Dividend: $0.56
    Current Price: $63.00
    Annual Yield: 3.17%
     
  5. T0rm3nted

    T0rm3nted Moderator
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    Analyst Upgrade/Downgrade Update

    Brokerage firm:
    Raymond James
    Change: Upgrade
    Previous Rating: Underperform
    Current Rating: Market Perform
    Previous Price Target: N/A
    Current Price Target: N/A
     
  6. bigbear0083

    bigbear0083 Content Manager
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    new highs here

    Darden Restaurants tops Street 3Q forecasts
     
  7. T0rm3nted

    T0rm3nted Moderator
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    Ascending support level right here

    upload_2018-5-19_15-31-24.png
     
    bigbear0083 likes this.
  8. Three Eyes

    Three Eyes 2018 Stockaholics Contest Winner

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    To break out or not break out?

    Screenshot 2019-02-06 at 11.12.29 AM.png
     

    Attached Files:

  9. bigbear0083

    bigbear0083 Content Manager
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    a little late to post here but just wanted to say a good observation there @Three Eyes and thx for the chart!
     
  10. Three Eyes

    Three Eyes 2018 Stockaholics Contest Winner

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    DRI has now worked through 2 consolidation ranges, and is perhaps poised for another leg up spurred on by the ex-div date. They'll probably announce the div sometime mid- to late-next week with an ex-div date of July 9. Perhaps it is time to accumulate shares at the bottom of the currently boxed range...(?)

    Screenshot 2019-06-12 at 11.10.02 AM.png
     
    T0rm3nted likes this.

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