Darden Restaurants Inc. (NYSE:) has reached an all-time high, with its stock price soaring to $188.91. This milestone reflects a significant uptrend for the company, which operates a network of well-known restaurant chains. With a market capitalization of $22.2 billion and a P/E ratio of 21.4, InvestingPro analysis suggests the stock is trading slightly above its Fair Value. Over the past year, Darden Restaurants has seen its stock value increase by 15.43%, with an impressive six-month gain of 25%. The company maintains a strong 3% dividend yield and has consistently paid dividends for 30 consecutive years. The achievement of this all-time high price level marks a notable event for the company and its shareholders, with 12 analysts recently revising earnings expectations upward. InvestingPro subscribers can access 8 additional key insights about DRI’s financial health and growth prospects.
In other recent news, Darden Restaurants has been in the spotlight due to impressive earnings and revenue results, with a second-quarter fiscal year 2025 performance exceeding expectations. BMO Capital, Stephens, Oppenheimer, KeyBanc Capital Markets, Baird, and Raymond (NS:) James have all raised their price targets for Darden, reflecting confidence in the company’s financial trajectory. Darden reported second-quarter earnings per share for fiscal year 2025 of $2.03, surpassing the consensus estimate of $2.02, attributed to stronger comparable sales and lower food costs. Revenue for the company grew nearly 6% over the last twelve months to $11.4 billion.
Darden has reaffirmed its full-year 2025 earnings per share guidance, projected to be between $9.40 and $9.60, and revised its full-year 2025 comparable sales guidance to around 1.5%. The company’s solid financial health is evident in its consistent dividend payments, which it has maintained for 30 consecutive years. These are recent developments in Darden’s financial journey.
Analysts from various firms, such as Oppenheimer and Baird, have expressed optimism for Darden’s initiatives, including new advertising strategies and the planned national rollout of Olive Garden’s delivery service. However, they maintain a cautious stance due to the need for evidence of sustainable improvements in same-store traffic performance.
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