Darden Restaurants Inc
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Consumer Discretionary : Hotels, Restaurants & Leisure | Mid Cap Blend
Company profile

Darden Restaurants, Inc. is a full-service restaurant company. The Company owned and operated 1,536 restaurants through its subsidiaries in the United States and Canada, as of May 29, 2016. The Company's segments include Olive Garden, LongHorn Steakhouse, Fine Dining (which includes The Capital Grille, and Eddie V's Prime Seafood and Wildfish Seafood Grille (Eddie V's)) and Other Business (which includes Yard House, Seasons 52, Bahama Breeze, consumer-packaged goods and franchise revenues). As of May 29, 2016, the Company also had 50 restaurants operated by independent third parties pursuant to area development and franchise agreements. Olive Garden's menu includes a range of authentic Italian foods featuring fresh ingredients and a selection of imported Italian wines. LongHorn Steakhouse restaurants feature a range of menu items, including fresh steaks and chicken, as well as salmon, shrimp, ribs, pork chops, burgers and prime rib.

Price
Delayed
$70.69
Day's Change
-0.655 (-0.92%)
Bid
--
Ask
--
B/A Size
--
Day's High
71.27
Day's Low
69.96
Volume
(Light)

Today's volume of 131,594 shares is on pace to be much lighter than DRI's 10-day average volume of 3,759,795 shares.

131,594

Disney downgraded to underperform at Imperial on concerns about theme parks, film business in pandemic

6:23 am ET May 28, 2020 (MarketWatch)
Print

Imperial Capital downgraded Walt Disney Co. shares (DIS) to underperform from in-line on Thursday, on expectations the company's theme parks and film business will be hurt by the coronavirus pandemic. Analyst David Miller lowered his stock price target to $105 from $107, about 14% below its current level. Disney shares have climbed 21.2% in the last four weeks, and "we think that based on our experience, the stock has risen too far too fast and the performance is simply due to excitement around the prospects of the domestic theme parks re-opening, for which Disney submitted a plan to Orange County, Florida government officials just yesterday," Miller wrote in a note to clients. The stock also got a boost from the official re-opening of "Disney Springs" in Florida on May 15, a small shopping complex that will have little effect on the company's earnings, said Miller. The analyst is advising investors to take profit on Disney stock as it looks like a name that should be traded rather than owned, at least for now, he wrote. Disney shares were down 0.4% premarket and have lost 16% in the year to date, while the Dow Jones Industrial Average has lost 10%.

-Ciara Linnane; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

May 28, 2020 06:23 ET (10:23 GMT)

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