After hours: 6:33PM EDT
|Bid||123.98 x 1000|
|Ask||124.02 x 800|
|Day's Range||121.96 - 124.10|
|52 Week Range||95.83 - 125.99|
|Beta (3Y Monthly)||0.62|
|PE Ratio (TTM)||21.81|
|Earnings Date||Sep 18, 2019 - Sep 23, 2019|
|Forward Dividend & Yield||3.52 (2.88%)|
|1y Target Est||126.88|
By John Jannarone Vintage Capital’s Brian Kahn just put his money where his mouth is – 1980s style. The activist investor, which built an 11.6% stake in Red Robin Gourmet Burgers (ticker: RRGB) and had previously said it was willing to make a $40 a share offer, has made a “non-binding proposal” to acquire the […]
Chipotle (CMG) hit a 52-week high on Thursday, adding to the already impressive year the company has put together.
Cheddar's acquisition, various sales-boosting initiatives and cost-saving efforts undertaken by Darden (DRI) are expected to drive growth despite cost issues.
SVP CFO of Darden Restaurants Inc (30-Year Financial, Insider Trades) Ricardo Cardenas (insider trades) sold 14,128 shares of DRI on 07/12/2019 at an average price of $124.87 a share. Continue reading...
In this commentary, I will examine Darden Restaurants, Inc.'s (NYSE:DRI) latest earnings update (26 May 2019) and...
Chipotle tested a buy point Monday. Restaurant stocks from Yum Brands to McDonald's to Starbucks are acting well as a solid economy creates a favorable backdrop for dining out.
On Tuesday's "Fast Money," Tim Seymour said Chipotle Mexican Grill, Inc. (NYSE: CMG ) has made a great comeback but he doesn't love the multiple, and recommends to fade the stock. Dan Nathan ...
With the generally pessimistic and sometimes sensational headlines surrounding the U.S.-China trade war, it may surprise some that viable investment sectors exist. Even more surprising are some of the market segments experiencing positive sentiment. For instance, restaurant stocks are charging significantly higher than they were at the beginning of the year.Don't take my word for it: check out the sector benchmark Dow Jones US Restaurants & Bars Index. On a year-to-date basis, the index is up over 24%. And while the broader Dow Jones Industrial Average is no slouch at 15% YTD, the performance difference is clear. So what's driving enthusiasm toward restaurant stocks?One explanation is that geopolitical headwinds are still too high level to impact most Americans. Yes, the trade war situation is absolutely crucial. Right now, the U.S. and China have agreed to a truce, not a trade deal. Still, the fallout from poor relations with China have not generated significant watercooler conversations.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe second and more important point is that restaurant stocks have similar traits to so-called vice or sin investments. No matter what is going on with the economy, people need an outlet. Usually, going out to eat represents a relatively cheap form of entertainment.It's also an excursion that families can control. A major reason why professional sports attendance is declining is due to rising costs. However, families can choose which eateries to attend based on their cost preferences. Therefore, restaurant stocks have outpaced other event or entertainment-based investments.Finally, the National Restaurant Association forecasts a strong year for restaurant stocks. Better yet, every subsegment except one should experience a year-over-year uptick. * 7 Stocks on Sale the Insiders Are Buying With that, here are seven restaurant stocks to put on your plate: Wendy's (WEN)Source: Mike Mozart via FlickrOften lost in the mix behind big marquee names like McDonald's (NYSE:MCD) or Burger King, Wendy's (NASDAQ:WEN) is still a name you shouldn't ignore. For one thing, the performance of WEN stock has done nothing but impress onlookers. Since the January opener, shares have soared nearly 28%.Better yet, if you're a big proponent of technical analysis, you can still make a bullish case for WEN stock. According to some momentum indicators, shares of the fast-food joint have a shot at moving past $26. Given the WEN stock price of $19.58, that would represent a sizable 33% swing.But more importantly, WEN stock enjoys fundamental justification for such a move higher. While the company has successfully brought in more people, they're gaining traction on another component: getting their customers to open their wallets deeper for higher-ticket items.It's no accident that profitability margins have improved in the first quarter of 2019. If that continues, look for WEN stock to gain accordingly. Denny's (DENN)Source: Mike Mozart via FlickrLet's face reality: When you're considering a special night on the town, the name Denny's (NASDAQ:DENN) comes nowhere on your list. DENN stock is an investment toward comfort food, and not much else. But we also have to bring up another important angle. Comfort food isn't a bad gig, no matter what the market condition.As far as I'm aware, every single Denny's location is open 24 hours. Thus, if your night out extended a bit too long, there's Denny's. Also, many people go straight to Denny's to sober up after clubbing. If the job market is stable -- which it is right now -- the company benefits from being one of few eateries open at odd hours. In turn, that supports DENN stock.Also, we should see a record number of people hitting the road this summer. Invariably, that involves families stopping over to grab a bite to eat. And because we might see an unusually high uptick this year, that should play into higher valuations for DENN stock. * 7 One-Stock Portfolios for Passive Investors Lastly, Denny's is cheap. So if we do have a downturn in the economy, DENN stock might avoid the brunt of the damage. Darden Restaurants (DRI)Source: Mike Mozart via Flickr (Modified)A powerhouse name among restaurant stocks, Darden Restaurants (NYSE:DRI) is enjoying a strong first half of the year. Since the beginning of January, DRI stock is up over 24%. Moreover, some of the same conditions that will likely benefit Denny's should also drive up Darden Restaurants.For one thing, Darden levers some of the most coveted names in sit-down restaurants. Not only that, its coverage is one of the most diverse when compared to other restaurant stocks. For comfort food, Darden owns the Olive Garden and Longhorn Steakhouse brands. But they also address consumers with more sophisticated tastes with brands like Seasons 52. This should help bring in the goods for DRI stock in terms of revenue and profitability.In fact, that's what we're seeing. Over the past few years, revenue has strongly moved higher. But earnings have also increased accordingly, which bolsters the case for DRI stock. In addition, because Darden offers multiple brands across the price spectrum, they'll enjoy the benefits of the aforementioned travel bump. Dunkin' Brands (DNKN)Source: Chris Waits Via FlickrDunkin' Brands (NASDAQ:DNKN) is another name among restaurant stocks that's killing it so far this year. Since January's opening price, DNKN stock is up 27%. Undoubtedly, a major reason why is its coffee: worker bees love its coffee and Dunkin' Brands dishes up some delectable cups.Furthermore, the commodities market have had their say in DNKN stock. Although coffee prices have recently spiked up, they are still deflated relative to prior years' average prices. Theoretically, this should help Dunkin' in terms of its bottom line.Of course, no company can depend solely on fortuitous circumstances. What investors in restaurant stocks will key in on is management's push to attract millennials. To this end, they've embraced popular apps like Apple's (NASDAQ:AAPL) Pay. Dunkin' has also advantaged the consumer-tech firm's iMessage platform to further engage with their young clientele. * 10 Best Stocks to Buy and Hold Forever It's a move that makes perfect sense for DNKN stock. Over the next several years, millennials will represent the largest workforce in the U.S. They'll need lots of coffee and serving their needs is the most logical action they can take. Jack in the Box (JACK)Source: Rojer via Flickr (modified)I'm going to cut straight to the chase. Out of the restaurant stocks specializing in fast food, Jack in the Box (NASDAQ:JACK) is probably the riskiest. Back in December, management announced a "strategic review" of its financing options. That normally entails a sale of the company. However, no one is buying, which raises eyebrows for JACK stock.Another problem is infighting between franchisees and the corporate leadership. The former is concerned that the latter is merely focusing on nearer-term goals, like the JACK stock price. They argue that the organization should consider longer-term goals, especially to address the needs of millennial consumers.Although I don't have skin in this game, I find myself agreeing with the franchisees. As a San Diego-based company, Jack in the Box has a strong presence in the west coast. That's ideal since this region is always high in demand. Moreover, Jack also has several locations in Texas, which is experiencing an influx of people.That might bother the locals. However, if you're thinking about speculating on JACK stock, the population shift brings up an interesting argument. Dave & Buster's Entertainment (PLAY)Source: Shutterstock Right now, the absolute riskiest name among major restaurant stocks is Dave & Buster's Entertainment (NASDAQ:PLAY). Unfortunately, extremely volatility visited PLAY stock after the underlying company posted disappointing Q1 earnings results. It suffered a decline in comparable-store sales, and management adjusted down full-year guidance.However, it wasn't all bad news. Dave & Buster's brought in sales of $363.6 million, up 9.5% from the year-ago quarter. Additionally, management opened seven new stores, up one from Q1 2018. That, however, was not enough to spare PLAY stock a huge double-digit loss. * 10 Small-Cap Stocks That Look Like Bargains Still, I think the markets' response toward PLAY stock is greatly exaggerated. For one thing, Dave & Buster's provides a natural outlet to soak up demand that's leaving professional sports leagues. My argument is that people still need physical entertainment venues: Dave & Buster's has an opportunity to capitalize on this dynamic if it plays its marketing cards right. Chanticleer Holdings (BURG)Source: Shutterstock Before you think about taking a gamble on Chanticleer Holdings (NASDAQ:BURG), you should know that it's an extremely speculative name. With BURG stock trading hands at just above $1, this isn't something that you bank your retirement savings on. And although its financials are improving somewhat, it's still a rough picture.So why mention Chanticleer? Simply put, the company has some attractive brands. On one end, Chanticleer covers the decadence angle with its popular Hooters restaurants. Chanticleer is also well known (or perhaps notorious) for American Burger Co's "Roadstar." That's four cheeseburgers in one.But on the other end, the holding company owns brands like Little Big Burger, Just Fresh and BGR. These names definitely cater to millennials and health-conscious consumers. Thus, BURG stock has something for everyone.Historically, this widespread approach hasn't helped BURG stock. However, shares have ticked up since early June. Again, this is a big risk: only buy it with gambling money that you can afford to lose.As of this writing, Josh Enomoto did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 7 Top Small-Cap Stocks Of 2019 * Critical Levels to Watch in 7 Marijuana Stocks * 5 Smaller Cloud Stocks That Have Plenty of Potential Compare Brokers The post 7 Restaurant Stocks to Put on Your Plate appeared first on InvestorPlace.
To determine where we've made progress — and where we still need work — we decided to dive into what's happened in the past half-decade.
More big changes are coming to Buffalo Wild Wings under the leadership of parent company Inspire Brands.
Analysts lowered Darden Restaurants' (DRI) target price due to weak fourth-quarter sales and a lower-than-expected EPS guidance for fiscal 2020. J.P. Morgan reduced Darden's target price from $123 to $122.
Darden Restaurants’ (DRI) management expects its revenues to rise 5.3%–6.3% in fiscal 2020. The company expects its same-store sales to rise 1%–2% during fiscal 2020.
Darden Restaurants (DRI) reported an EPS of $1.67 for the fourth quarter. Removing unusual items, the company’s adjusted EPS was $1.76 higher than analysts’ expectation of $1.73.
For the fourth quarter, Darden Restaurants (DRI) reported an EBIT of $244.4 million, which represents an EBIT margin of 11.0%. The company’s EBIT margin rose 0.1% compared to the fourth quarter of 2018.
Olive Garden parent company Darden Restaurants, Inc. (NYSE: DRI) on Thursday reported fourth-quarter results. Baird's David Tarantino maintains a Neutral rating on Darden Restaurants' stock with an unchanged $117 price target. Morgan Stanley's John Glass maintains at Equal-weight, price target lowered from $121 to $120.
Darden Restaurants (DRI) reported same-store sales growth of 1.6% in the fourth quarter, which was lower than analysts’ expectation of 2.3%. Olive Garden reported an SSSG of 2.4%.
Darden Restaurants (DRI) reported revenues of $2.23 billion in the fourth quarter—lower than analysts’ expectation of $2.24 billion. Darden's revenues rose 4.5% year-over-year.
Shake Shack CEO Randy Garutti reveals to Yahoo Finance his decision to test a four-day workweek for employees.
Darden Restaurants (DRI) reported its fourth-quarter earnings on June 20. The company reported an adjusted EPS of $1.76 on revenues of $2.23 billion. Darden's adjusted EPS rose 26.6% year-over-year.
Darden Restaurants (NYSE:DRI) unveiled its latest quarterly earnings results late on Thursday, bringing in sales that missed the Wall Street guidance, yet the company's profit that was stronger than what analysts called for, playing a role in lifting DRI stock today.Source: Olive Garden website The Orlando, Fla.-based restaurant operator -- parent company of Olive Garden and LongHorn SteakHouse -- said that for its fourth quarter of its fiscal 2019, it brought in a profit of $208 million, or $1.67 per share. This marks a 19.2% increase over the company's net income from the same quarter a year ago, which tallied up to $174.5 million, or $1.39 per share.On an adjusted basis, Darden Restaurants raked in a profit of $1.76 per share, topping the $1.73 per share that the Wall Street consensus estimate predicted, according to FactSet. The business added that its revenue for the period came in at $2.229 billion, a 4.5% surge when compared to its sales of $2.134 billion from its fourth quarter of its fiscal 2018.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe business missed Wall Street's revenue guidance for the period as analysts were calling for sales of $2.244 billion. Darden Restaurants posted same-restaurant sales that gained 1.6% year-over-year, missing the FactSet guidance of a 2.4% increase in comps.The company said it now sees its same-restaurant sales to surge 1% to 2% for its fiscal 2020, while earnings are slated to come in at $6.30 to $5.45 per share. The FactSet guidance sees the business' same-restaurant sales gaining 2.2%, while earnings are expected to be $6.46 per share.DRI stock is up about 1.1% on Thursday following the company's quarterly earnings results. More From InvestorPlace * 7 Value Stocks to Buy for the Second Half * 6 Stocks Ready to Bounce on a Trade Deal * 5 Stocks to Buy for $20 or Less Compare Brokers The post Darden Restaurants Earnings: DRI Stock Edges Higher on Q4 Profit Beat appeared first on InvestorPlace.
The restaurant industry behemoth also set new financial targets that reflect optimism in its operations and the economy at large.