Darden Restaurants Stock Rises Thursday, but Underperforms Market
November 4, 2023
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On Thursday, Darden Restaurants ($NYSE:DRI) Inc. saw a rise in their stock, though their performance was not as strong as that of the market. Darden Restaurants Inc. is an American multi-brand restaurant operator, with a portfolio of brands including Olive Garden, LongHorn Steakhouse, Cheddar’s Scratch Kitchen, and Yard House. While Thursday saw a rise in Darden’s stock, the market saw an even stronger performance overall. As more investors express interest in the restaurant industry, it will be interesting to see how Darden Restaurants Inc. responds to this increasing demand.
Market Price
On Thursday, Darden Restaurants Inc.’s stock rose 2.6%, closing at $150.7. This was an increase from the prior closing price of $146.9, and a rise from where it opened on Friday at $147.5. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Darden Restaurants. More…
| Total Revenues | Net Income | Net Margin |
| 10.77k | 983.4 | 9.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Darden Restaurants. More…
| Operations | Investing | Financing |
| 1.39k | -1.3k | -278.3 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Darden Restaurants. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 11.27k | 9.12k | 17.77 |
Key Ratios Snapshot
Some of the financial key ratios for Darden Restaurants are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 14.4% | 60.3% | 11.4% |
| FCF Margin | ROE | ROA |
| 7.1% | 35.2% | 6.8% |
Analysis
GoodWhale conducted an analysis of DARDEN RESTAURANTS‘ wellbeing and found that the company is classified as a ‘gorilla’, indicating it has achieved stable and strong revenue or earnings growth due to its strong competitive advantage. The Star Chart showed that DARDEN RESTAURANS had a high health score of 7/10 considering its cashflows and debt, indicating that it is capable of safely riding out any crisis without risk of bankruptcy. In terms of investor interest, investors who are looking for a company with strong dividend returns may be particularly interested in DARDEN RESTAURANTS. The company was rated as medium in terms of growth, profitability, and asset, showing that while the company has potential for returns, there is still room for improvement in terms of its performance. More…
Peers
Darden Restaurants Inc. is an American multi-brand restaurant operator. Headquartered in Orlando, Florida, Darden owns several casual dining restaurant chains including Olive Garden, LongHorn Steakhouse, Cheddar’s Scratch Kitchen, Yard House, The Capital Grille, and Bahama Breeze. Darden has more than 1,700 restaurants across the United States and Canada. Max’s Group Inc., Del Taco Restaurants Inc., Skylark Holdings Co Ltd are all competitors of Darden Restaurants Inc.
– Max’s Group Inc ($PSE:MAXS)
Max’s Group Inc is a holding company that operates in the Philippines through its subsidiaries. The company’s businesses include restaurants, food manufacturing, and property development. As of 2022, Max’s Group Inc has a market cap of 3.4B and a ROE of 10.63%. The company’s restaurant business is the largest contributor to its revenue, followed by food manufacturing and property development.
– Del Taco Restaurants Inc ($TSE:3197)
Skylark Holdings Co Ltd is a Japanese conglomerate with a market cap of 360.59B as of 2022. The company has a Return on Equity of 7.47%. Skylark Holdings is engaged in the restaurant business, the retail business, and the real estate business. The company operates through its subsidiaries, which include Skylark Dining Co., Ltd., Skylark Retail Co., Ltd., and Skylark Real Estate Co., Ltd.
Summary
Darden Restaurants Inc. stock rose on Thursday but still underperformed the overall market. The company’s stock has been volatile in recent weeks, with investors closely monitoring the performance of the casual dining sector. Despite this, analysts have remained positive on Darden’s prospects due to its efficient operations and strong financial management. The company has a diversified portfolio of restaurant brands, including Olive Garden, LongHorn Steakhouse, and Cheddar’s Scratch Kitchen, which offer a broad customer base. Darden Restaurants is also well-acquainted with the technology necessary to operate in a post-COVID environment.
In addition, its dividend yield remains attractive for investors looking for income. While short-term volatility may be present, analysts view Darden Restaurants as a long-term buy for investors looking for steady growth.
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