Why Darden Restaurants, Inc. Stock Dipped Today
Shares of Darden Restaurants, Inc. (NYSE: DRI) were sliding on Tuesday after the Olive Garden parent posted disappointing comparable sales in its first-quarter earnings report.
Notably, the company's revenue and earnings were actually better than expectations, but analysts often give more weight to comparable sales in the restaurant industry as, by stripping out the impact of new restaurants, the metric gives the best reflection of a company's underlying growth.
As of 11:16 a.m. EDT, the stock was down 6%.
Source: Fool.com
Darden Restaurants Inc. Stock
€135.55
0.720%
The stock is an absolute favorite of our community with 51 Buy predictions and no Sell predictions.
As a result the target price of 164 € shows a positive potential of 20.99% compared to the current price of 135.55 € for Darden Restaurants Inc..
