Darden Eating places Inc. (NYSE:) hit an all-time excessive, with its inventory value climbing to $188.91. The milestone displays a major upward pattern for the corporate, which operates a community of well-known restaurant chains. With a market capitalization of $22.2 billion and a P/E ratio of 21.4, InvestPro evaluation suggests the inventory is buying and selling barely above honest worth. Over the previous yr, Darden Eating places has seen its inventory worth enhance by 15.43%, with a powerful six-month achieve of 25%. The corporate maintains a strong 3% dividend yield and has been paying dividends constantly for 30 consecutive years. Reaching this report value stage is a milestone for the corporate and its shareholders, as 12 analysts not too long ago revised their earnings expectations upwards. InvestPro Subscribers can entry 8 extra key insights into DRI’s monetary well being and development prospects.
In different current information, Darden Eating places has been within the highlight on account of its spectacular earnings and income, with its second quarter fiscal 2025 efficiency exceeding expectations. BMO Capital, Stephens, Oppenheimer, KeyBanc Capital Markets, Baird and Raymonde (NS:) James raised all his value targets for Darden, reflecting his confidence within the firm’s monetary trajectory. Darden reported earnings per share of $2.03 for the second quarter of fiscal 2025, beating the consensus estimate of $2.02, attributed to stronger comparable gross sales and decrease meals prices. The corporate’s income elevated practically 6% over the previous twelve months to $11.4 billion.
Darden reaffirmed its full-year 2025 earnings per share steering, anticipated to be between $9.40 and $9.60, and revised its full-year 2025 comparable gross sales steering to round 1.5%. The corporate’s robust monetary well being is obvious in its constant dividend funds, which it has maintained for 30 consecutive years. These are current developments in Darden’s monetary journey.
Analysts at varied corporations, equivalent to Oppenheimer and Baird, have expressed optimism about Darden’s initiatives, together with new promoting methods and the deliberate nationwide rollout of Olive Backyard’s supply service. Nonetheless, they keep a cautious stance because of the have to reveal sustainable enhancements in same-store site visitors efficiency.
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