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Stock Market & Financial Investment News

News Breaks
July 29, 2014
07:08 EDTDRIDarden news makes catalysts more likely, says Wells Fargo
After Darden announced that its CEO would step down at the end of the year, that the chairman and CEO roles would be split, and that it would enable its primary activist investor to have at least three board seats after September 30, Wells Fargo believes the moves increase the potential of share price catalysts. In the next 12-24 months the firm believes that the company could spin off its faster growing/earlier stage Specialty Restaurant Group concepts and more aggressively cut its costs. The firm keeps an Outperform rating on the shares.
News For DRI From The Last 14 Days
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April 17, 2015
10:20 EDTDRIDarden management to meet with Stephens
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10:17 EDTDRIDarden management to meet with Stephens
Meeting to be held in Orlando on April 21 hosted by Stephens.
April 16, 2015
10:00 EDTDRIOn The Fly: Analyst Initiation Summary
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April 15, 2015
17:24 EDTDRIDarden initiated with a Neutral at Guggenheim
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April 14, 2015
10:01 EDTDRIDarden's Olive Garden unit enters into agreement with Ziosk for tabletop tablets
Olive Garden announced it has entered into an agreement with Ziosk, makers of ordering, entertainment and pay-at-the-table tablets, to begin the introduction of tabletop tablets in all of its restaurants nationwide. Olive Garden has been testing Ziosk in a select number of its restaurants since last year, and the feedback from guests and servers has been positive. Starting in May, Olive Garden will begin a phased rollout of Ziosk tablets into additional restaurants. The program will be supported by robust in-restaurant training to ensure this implementation reaches its full potential of enhancing the overall experience for guests and team members. Olive Garden expects Ziosk tablets to be in all of its 800-plus U.S. locations before the end of the calendar year.

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