DRI - Darden Restaurants 'Continues To Be Resilient': 5 Analysts Dive Deeper Into FQ1 Print Outlook | Benzinga
Darden Restaurants, Inc. (NYSE: DRI) reported on Thursday an earnings beat, despite underwhelming fine dining sales.
The results came amid an exciting earnings season. Here are some key analyst takeaways from the earnings release.
Wedbush On Darden Restaurants
Analyst Nick Setyan maintained an Outperform rating while reducing the price target from $178 to $165.
Darden Restaurants reported its fiscal first-quarter earnings ahead of expectations, driven by better-than-expected same-store sales growth and margin upside, Setyan said in a note.
While the company reiterated its full-year same-store sales growth guidance, the "recent category choppiness cannot be ignored,” the analyst stated.
He added Darden Restaurants should continue to gain share and that there is high visibility into its ability to "achieve or exceed current consensus FY24 expectations.”
Truist Securities On Darden Restaurants
Analyst Jake Bartlett reiterated a Buy rating, while raising the price target from $186 to $190.
"We view reiterated FY24 guidance as conservative, given ...