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- Restaurants in Darden (NYSE:DRI) maintained the Buy rating assigned to it by Citigroup analysts on Friday. They said the owner of restaurant chains including Olive Garden, The Capital Grille and LongHorn Steakhouse is on track to meet its lowered forecast for full-year sales.
- Darden (DRI) shares fell 6.5% to a one-month low on Thursday, after the company reported quarterly earnings and updated its outlook for the year.
- According to Citigroup, long-term investors, stock buybacks and some changes in pair operations may help support Darden’s (DRI) stock price.
- With Thursday’s stock price decline, Darden (DRI) shares traded at a cheaper price-to-earnings multiple of about 17 times for 2025, the bank said.