Keybanc Maintains Overweight on Darden Restaurants, Lowers Price Target to $170
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 13 2024
0mins
Source: Benzinga
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy DRI?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on DRI
Wall Street analysts forecast DRI stock price to rise
20 Analyst Rating
13 Buy
7 Hold
0 Sell
Moderate Buy
Current: 213.450
Low
200.00
Averages
224.35
High
261.00
Current: 213.450
Low
200.00
Averages
224.35
High
261.00
About DRI
Darden Restaurants, Inc. owns and operates full-service dining restaurants in the United States under the trade names Olive Garden, LongHorn Steakhouse, Cheddar’s Scratch Kitchen, Chuy’s, Yard House, Ruth’s Chris Steak House (Ruth’s Chris), The Capital Grille, Seasons 52, Eddie V’s Prime Seafood (Eddie V’s), Bahama Breeze, and The Capital Burger. Its segments include reportable segments: Olive Garden, LongHorn Steakhouse, Fine Dining and Other Business. Olive Garden is a full-service dining Italian restaurant operator in the United States. LongHorn Steakhouse is a full-service steakhouse restaurant brand with locations primarily in the eastern United States. The Fine Dining segment includes brands that operate within the fine-dining sub-segment of full-service dining and includes Ruth’s Chris, The Capital Grille and Eddie V’s restaurants. The Other Business segment includes Cheddar’s Scratch Kitchen, Chuy’s, Yard House, Seasons 52, Bahama Breeze and The Capital Burger restaurants.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Darden Restaurants to Release Q4 Earnings on June 25
- Earnings Release Date: Darden Restaurants is set to announce its Q4 earnings on June 25, which is highly anticipated by the market and expected to impact the company's stock price.
- Earnings Expectations: Analysts forecast an EPS of $3.64 and revenue of $3.73 billion, reflecting strong market confidence in Darden's continued growth trajectory.
- Analyst Ratings: Analysts maintain a positive rating for Darden with an accuracy rate ranging from 53% to 74%, indicating optimistic expectations for the company's future performance.
- Market Reaction: As the earnings release approaches, investors will closely monitor Darden's performance to assess its ongoing profitability and market position in the highly competitive restaurant industry.
See More
Micron Stock May Slide 15% Post Earnings, Analyst Predicts
- Earnings Preview: Micron is set to release its earnings report this Wednesday, with analyst Jay Woods predicting a potential 15% decline in stock price, which could negatively impact investor sentiment, especially given that the stock has fallen six out of the last eight earnings reports with an average drop of 6.5%.
- Price Volatility: Micron's stock has surged over 300% this year, currently trading about 15% above its 20-day moving average; however, Woods warns that a pullback to $1,000 would represent a nearly 12% decline, prompting investors to closely monitor this development.
- Market Focus: Woods emphasizes that traders are highly attentive to Micron's performance, particularly as the stock has reached its sixth Fibonacci extension, a rare occurrence, and he believes the likelihood of it extending to $1,500 is low.
- Industry Insights: In addition to Micron, Woods mentions earnings reports from FedEx and Darden Restaurants, the latter serving as a barometer for the middle-aged consumer, while the upcoming Russell reconstitution on Friday is dubbed the biggest trading day of the year, likely affecting market liquidity.
See More
U.S. and Iran Make Significant Progress on Deal
- Workforce Growth: Nevada's workforce grew by 1.9% from April 2025 to April 2026, the highest increase among U.S. states, indicating a strong economic recovery and attracting more job seekers to the region.
- Greenspan's Passing: Former Federal Reserve Chairman Alan Greenspan passed away at 100 due to complications from Parkinson's disease, having led the Fed through significant events like the 1987 market crash and multiple economic crises, leaving a lasting impact on monetary policy.
- Starmer Resignation: U.K. Prime Minister Keir Starmer announced his resignation as Labour leader and prime minister following poor local election results and internal party turmoil, marking a pivotal moment as the country prepares for its seventh prime minister since Brexit.
- Record Box Office: Disney and Pixar's
See More
U.S. and Iran Make Progress Towards Final Deal Amid Tensions
- Deal Progress: The U.S. and Iran made 'encouraging progress' towards a final deal within 60 days during high-level talks in Switzerland, aiming to end Middle Eastern conflicts, indicating positive diplomatic efforts.
- IAEA Inspections: Vice President JD Vance announced that Iran agreed to allow International Atomic Energy Agency inspectors back into the country, a move that could alleviate international concerns over Iran's nuclear program and promote regional stability.
- Oil Price Fluctuations: Following the announcement of the deal progress, oil prices fell, reflecting market optimism about future supply chain stability while also indicating investors' sensitivity to Middle Eastern tensions.
- Greenspan's Passing: Former Federal Reserve Chairman Alan Greenspan passed away at 100 due to complications from Parkinson's disease, having navigated multiple economic crises during his tenure, and reflections on his legacy may influence future monetary policy decisions.
See More
FedEx Set to Report Earnings Amid Market Changes
- Earnings Complexity: FedEx is set to report its fiscal 2026 Q4 earnings on Tuesday, covering the March-to-May period, with the complexity arising from the spin-off of FedEx Freight, which complicates direct financial comparisons and may impact market expectations for the company’s future.
- Profitability Expectations: Analysts forecast FedEx to report revenues of $24.04 billion and earnings per share of $5.96, although the combination of the fiscal year calendar change and the spin-off may lead to mixed market reactions, necessitating a focus on profitability metrics.
- Freight Business Outlook: FedEx Freight is expected to achieve modest revenue growth post-spin-off, despite facing pressure on adjusted operating margins due to spin-off-related costs such as technology investments, with the market keenly awaiting insights during Thursday's investor day.
- Inflation Data Impact: The personal consumption expenditures price index (PCE) will be released on Thursday, and while the May consumer price index (CPI) hit a three-year high of 4.2%, the recent drop in oil prices may alleviate future inflation pressures, influencing the Fed's rate hike outlook.
See More
Oil Price Fluctuations and Economic Data in Focus
- Oil Price Forecast: With increased crude exports through the Strait of Hormuz and the U.S. Navy lifting its blockade, Jim Cramer anticipates that if peace negotiations with Iran continue to progress, oil prices could see a 'shockingly lower' drop, easing inflationary pressures and supporting potential interest rate cuts.
- Travel Demand Impact: Carnival is set to report earnings before the bell on Monday, which Cramer believes will reveal the effects of the Iran war on travel and the implications of recent fuel price declines on demand, although he favors Viking Holdings for its upscale customer base and pricing power.
- Housing Market Focus: Cramer notes that KB Home's earnings report will provide insights into the impact of elevated interest rates on housing demand, stating that the housing market feels 'dead in the water' and deserves more attention from central bankers.
- Semiconductor Industry Outlook: Micron Technology is scheduled to report earnings on Wednesday, which Cramer calls 'the most consequential quarter of the week,' emphasizing that the company must significantly exceed expectations and raise guidance to maintain its stock rally.
See More
Darden Restaurants to Release Q4 Earnings on June 25
- Earnings Release Date: Darden Restaurants is set to announce its Q4 earnings on June 25, which is highly anticipated by the market and expected to impact the company's stock price.
- Earnings Expectations: Analysts forecast an EPS of $3.64 and revenue of $3.73 billion, reflecting strong market confidence in Darden's continued growth trajectory.
- Analyst Ratings: Analysts maintain a positive rating for Darden with an accuracy rate ranging from 53% to 74%, indicating optimistic expectations for the company's future performance.
- Market Reaction: As the earnings release approaches, investors will closely monitor Darden's performance to assess its ongoing profitability and market position in the highly competitive restaurant industry.
See More
Micron Stock May Slide 15% Post Earnings, Analyst Predicts
- Earnings Preview: Micron is set to release its earnings report this Wednesday, with analyst Jay Woods predicting a potential 15% decline in stock price, which could negatively impact investor sentiment, especially given that the stock has fallen six out of the last eight earnings reports with an average drop of 6.5%.
- Price Volatility: Micron's stock has surged over 300% this year, currently trading about 15% above its 20-day moving average; however, Woods warns that a pullback to $1,000 would represent a nearly 12% decline, prompting investors to closely monitor this development.
- Market Focus: Woods emphasizes that traders are highly attentive to Micron's performance, particularly as the stock has reached its sixth Fibonacci extension, a rare occurrence, and he believes the likelihood of it extending to $1,500 is low.
- Industry Insights: In addition to Micron, Woods mentions earnings reports from FedEx and Darden Restaurants, the latter serving as a barometer for the middle-aged consumer, while the upcoming Russell reconstitution on Friday is dubbed the biggest trading day of the year, likely affecting market liquidity.
See More
U.S. and Iran Make Significant Progress on Deal
- Workforce Growth: Nevada's workforce grew by 1.9% from April 2025 to April 2026, the highest increase among U.S. states, indicating a strong economic recovery and attracting more job seekers to the region.
- Greenspan's Passing: Former Federal Reserve Chairman Alan Greenspan passed away at 100 due to complications from Parkinson's disease, having led the Fed through significant events like the 1987 market crash and multiple economic crises, leaving a lasting impact on monetary policy.
- Starmer Resignation: U.K. Prime Minister Keir Starmer announced his resignation as Labour leader and prime minister following poor local election results and internal party turmoil, marking a pivotal moment as the country prepares for its seventh prime minister since Brexit.
- Record Box Office: Disney and Pixar's
See More
U.S. and Iran Make Progress Towards Final Deal Amid Tensions
- Deal Progress: The U.S. and Iran made 'encouraging progress' towards a final deal within 60 days during high-level talks in Switzerland, aiming to end Middle Eastern conflicts, indicating positive diplomatic efforts.
- IAEA Inspections: Vice President JD Vance announced that Iran agreed to allow International Atomic Energy Agency inspectors back into the country, a move that could alleviate international concerns over Iran's nuclear program and promote regional stability.
- Oil Price Fluctuations: Following the announcement of the deal progress, oil prices fell, reflecting market optimism about future supply chain stability while also indicating investors' sensitivity to Middle Eastern tensions.
- Greenspan's Passing: Former Federal Reserve Chairman Alan Greenspan passed away at 100 due to complications from Parkinson's disease, having navigated multiple economic crises during his tenure, and reflections on his legacy may influence future monetary policy decisions.
See More
FedEx Set to Report Earnings Amid Market Changes
- Earnings Complexity: FedEx is set to report its fiscal 2026 Q4 earnings on Tuesday, covering the March-to-May period, with the complexity arising from the spin-off of FedEx Freight, which complicates direct financial comparisons and may impact market expectations for the company’s future.
- Profitability Expectations: Analysts forecast FedEx to report revenues of $24.04 billion and earnings per share of $5.96, although the combination of the fiscal year calendar change and the spin-off may lead to mixed market reactions, necessitating a focus on profitability metrics.
- Freight Business Outlook: FedEx Freight is expected to achieve modest revenue growth post-spin-off, despite facing pressure on adjusted operating margins due to spin-off-related costs such as technology investments, with the market keenly awaiting insights during Thursday's investor day.
- Inflation Data Impact: The personal consumption expenditures price index (PCE) will be released on Thursday, and while the May consumer price index (CPI) hit a three-year high of 4.2%, the recent drop in oil prices may alleviate future inflation pressures, influencing the Fed's rate hike outlook.
See More
Oil Price Fluctuations and Economic Data in Focus
- Oil Price Forecast: With increased crude exports through the Strait of Hormuz and the U.S. Navy lifting its blockade, Jim Cramer anticipates that if peace negotiations with Iran continue to progress, oil prices could see a 'shockingly lower' drop, easing inflationary pressures and supporting potential interest rate cuts.
- Travel Demand Impact: Carnival is set to report earnings before the bell on Monday, which Cramer believes will reveal the effects of the Iran war on travel and the implications of recent fuel price declines on demand, although he favors Viking Holdings for its upscale customer base and pricing power.
- Housing Market Focus: Cramer notes that KB Home's earnings report will provide insights into the impact of elevated interest rates on housing demand, stating that the housing market feels 'dead in the water' and deserves more attention from central bankers.
- Semiconductor Industry Outlook: Micron Technology is scheduled to report earnings on Wednesday, which Cramer calls 'the most consequential quarter of the week,' emphasizing that the company must significantly exceed expectations and raise guidance to maintain its stock rally.
See More
