Darden Restaurants, Inc. (NYSE:DRI) stock soared to an all-time high this week, reaching a peak of $189.66. According to InvestingPro data, the company, with a market capitalization of $22 billion, is currently trading near its Fair Value, suggesting the recent rally has brought the stock to a balanced price point. The company, known for its portfolio of popular dining brands, has seen a remarkable performance over the past year, with the stock price reflecting a significant uptrend. With revenue growth of 5.14% and a P/E ratio of 21.4, investors have been bullish on Darden's growth prospects. The company has maintained dividend payments for 31 consecutive years, demonstrating consistent shareholder returns. Analysts remain optimistic, with 14 analysts recently revising their earnings estimates upward. Want deeper insights? InvestingPro offers 10+ additional tips and comprehensive analysis for DRI. This milestone underscores the company's resilience and adaptability in a competitive industry, as it continues to refine its strategies to meet changing consumer demands and market conditions. With analyst price targets ranging from $145 to $230, the stock's future trajectory remains a subject of keen interest among market observers.
In other recent news, Darden Restaurants has been making headlines due to its impressive earnings and revenue results. The company's second-quarter fiscal year 2025 performance exceeded expectations, with earnings per share of $2.03, slightly above the consensus estimate of $2.02, and a revenue growth of nearly 6% over the last twelve months to $11.4 billion. Same-store sales also grew by 2.4%, surpassing the Street's expectation of 1.4%. This strong performance led several financial firms to adjust their outlook on Darden. KeyBanc Capital Markets and Oppenheimer both increased their price targets to $200, maintaining an Overweight and Outperform rating, respectively, while BMO Capital and Stephens raised their targets to $175. These adjustments reflect an increased bullish stance on Darden Restaurants, citing the strength of the company's brands in delivering high-value experiences in the current demand environment. These are recent developments in Darden's financial journey.
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