Added to YB: 2024-06-20
Pitch date: 2024-06-18
DRI [bullish]
Darden Restaurants, Inc.
+21.53%
current return
Author Info
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Company Info
Darden Restaurants, Inc., together with its subsidiaries, owns and operates full-service restaurants in the United States and Canada.
Market Cap
$20.9B
Pitch Price
$149.99
Price Target
180.70 (-1%)
Dividend
3.34%
EV/EBITDA
11.96
P/E
19.27
EV/Sales
2.33
Sector
Hotels, Restaurants and Leisure
Category
growth
Show full summary:
Constellation Stock #10: Darden Restaurants, Inc. (DRI) - A Strategic Growth Journey
DRI: Q3 sales +6.8% YoY, 1% same-store sales , EPS +12%. Aims $11.4B FY24 sales, 1.5-2% same-store growth, 50-55 new stores. Risks: inflation, promotions, Ruth's integration. Edge: brand equity, efficiency, expansion. $180.70 PT end '24 based on 20.45 P/E. Fairly valued vs peers.
Read full article (9 min)