New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
August 15, 2014
09:03 EDTDRIDarden retains Russell Reynolds for CEO search
Darden announced that it has retained global executive search firm Russell Reynolds Associates to assist the company with the recruitment of its next CEO. As previously announced, Clarence Otis is stepping down as Chairman and Chief Executive Officer of Darden. To ensure a smooth transition, Charles Ledsinger has been appointed Independent Non-Executive Chairman of the Board, and Otis has agreed to continue serving as Chief Executive Officer of Darden until the earlier of the appointment of his successor or December 31. Ledsinger is leading the search along with the Board's Nominating and Governance Committee, which consists solely of independent directors. Russell Reynolds Associates will work closely with the Committee and the Darden board.
News For DRI From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
July 1, 2015
10:00 EDTDRIOn The Fly: Analyst Initiation Summary
Subscribe for More Information
06:09 EDTDRIDarden initiated with a Neutral at Goldman
Target $74.
June 28, 2015
14:11 EDTDRIDarden shares 'could keep climbing,' Barron's says
Shares of Darden could keep rising regardless of its recently-accounted REIT plans, Barron's contends in its 'Streetwise' column. Barron's notes that Darden stock jumped nearly 6% on the news of its REIT before falling almost the same amount within the same day, and the publication argues that "spinning off a REIT is not easy in the best of times, and these are far from the best of times." Nevertheless, Barron's is confident in Darden, citing the company's future cost-cuts and share buybacks as well as its focus on growth. Reference Link
June 25, 2015
07:59 EDTDRIDarden price target raised to $80 from $75 at Oppenheimer
Oppenheimer increased its price target on Darden after the company reported stronger than expected results and provided higher than expected 2016 EPS guidance. The firm thinks that if the two entities formed following the spin off of the company's real estate assets execute well, the company will be able to reduce its debt by $1B, buy back stock and potentially increase its dividend. The firm keeps an Outperform rating on the shares.
June 24, 2015
08:41 EDTDRIDarden price target raised to $79 from $72 at Deutsche Bank
Deutsche Bank raised its price target for Darden Restaurants to $79 citing improving fundamentals and the company's intention to pursue a REIT structure following its Q4 results. The firm expects the company's turnaround to continue and reiterates a Buy rating on the name.
June 23, 2015
16:29 EDTDRIOn The Fly: Top stock stories for Tuesday
Subscribe for More Information
13:37 EDTDRIOn The Fly: Top stock stories at midday
Subscribe for More Information
09:14 EDTDRIOn The Fly: Pre-market Movers
Subscribe for More Information
09:02 EDTDRIDarden sees 20% of Olive Garden total sales will migrate to takeout over time
Subscribe for More Information
09:02 EDTDRIDarden expects 2016 traffic to be 'flattish', but will beat market
Subscribe for More Information
08:52 EDTDRIDarden expects two-thirds of 2016 EPS growth to be in 1H16
Subscribe for More Information
07:06 EDTDRIDarden sees FY16 adjusted EPS $3.05-$3.20, consensus $2.88
Sees FY16 same-restaurant sales growth of 2%-2.5%. Expects to open 18-22 restaurants in 2016. Sees FY16 total inflation of 1.5%-2%. Sees FY16 annual tax rate of 21%-24%. Sees FY16 total capital spending $230M-$255M.
07:05 EDTDRIDarden reports Q4 same-restaurant sales up 3.8%
Reports Q4 Olive Garden same-restaurant sales up 3.4%, Q4 LongHorn Steakhouse same-restaurant sales 5.2%; Q4 The Capital Grille same-restaurant sales up 4.4%; Q4 Eddie V's same-restaurant sales up 5.2%; Q4 Yard House same-restaurant sales up 3.2%; Q4 Seasons 52 same-restaurant sales up 3.1%; Q4 Bahama Breeze same-restaurant sales up 1.7%.
07:04 EDTDRIDarden reports Q4 adjusted EPS $1.08, consensus 93c
Subscribe for More Information
07:03 EDTDRIDarden to pursue separation of portion of company's real estate assets
Subscribe for More Information
June 22, 2015
15:00 EDTDRINotable companies reporting before tomorrow's open
Subscribe for More Information
11:12 EDTDRIDarden July volatility elevated into Q4 and outlook
Darden July call option implied volatility is at 25, July is at 24, October is at 25; compared to its 52-week range of 17 to 29, suggesting large near term price movement into the expected release of Q4 results on June 23.
06:54 EDTDRIDunkin' Brands and Darden are top picks heading into 2H 2015 at Credit Suisse
Subscribe for More Information
June 18, 2015
07:48 EDTDRIDarden July volatility increases into Q4 and outlook
Darden July call option implied volatility is at 25, July is at 24, October is at 25; compared to its 52-week range of 17 to 29, suggesting large near term price movement into the expected release of Q4 results on June 23.
07:19 EDTDRIDarden Q4 EPs should beat expectations, says Wells Fargo
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use