CAKE - Darden Restaurants: Still Not Tasty Enough But Earnings Might Change That
2024-03-19 12:01:17 ET
Summary
- Darden Restaurants, Inc., owner of popular chains like Olive Garden and LongHorn Steakhouse, has seen continued growth and success in the casual dining space.
- The company's acquisition of Ruth's Chris Steak House in 2023 has contributed to its revenue growth and increase in store count.
- Despite its growth, Darden Restaurants stock is trading at levels that are still considered pricey compared to similar firms.
With a market capitalization as of this writing of $20.53 billion, Darden Restaurants, Inc. ( DRI ) is not only a giant in the casual dining space, it's also one of the largest restaurants out there. Sure, it doesn't stand up to the size of some of the other major players. But as far as restaurants go, the company has proven itself to be an undeniable success....
Darden Restaurants: Still Not Tasty Enough, But Earnings Might Change That