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Jim Cramer - Mad Money Darden Restaurants DRI-N DON'T BUY Sep 13, 2024

They report Thursday. A lot will depend on their Olive Garden business, their largest, and it could surprise, but he much prefers Sweet Green and Cava.

Jim Cramer - Mad Money

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$160.250

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food services

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Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK

(A Top Pick Jun 23/22, Up 44.7%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with DRI is progressing well. We now recommend to trail up the stop (from $135) to $158.

BUY

Up 240% over 9 years since Starboard took over, 354% is you reinvested the hefty dividend, nearly double the S&P's performance.

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK

(A Top Pick Jun 23/22, Up 38.3%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with DRI has triggered its stop at $158. To remain disciplined, we recommend covering the position at this time. When combined with our previous recommendation to cover half of the position, this will result in a net investment gain of 35%.

COMMENT

They report Thursday and will reveal if people will still spend a lot of money to dine out. He likes DRI but not enough to buy it.

WATCH

They report Friday. Listen to what they say about consumer demand and inflation. This is key and could pressure shares.

BUY

Trades at 18x PE and pays a 3% dividend yield. True, it's in a crowded space, but DRI makes money.

WATCH

reports Thursday

Expectations are high, so they need to come in with a strong quarter. The consumer is resilient and business is doing well.

DON'T BUY

They report Thursday. Analysts have been downgrading it and shares are down from their peak. It can go lower if they report their price hikes are hurting business.

COMMENT

It reports Thursday. Olive Garden still drives this company, but the street is focused on the Texas Roadhouse and Brinker chains. Are consumers pushing against high prices?

Stockchase, in its reporting on what has been discussed by individuals on business television programs (in particular Business News Network), neither recommends nor promotes any investment strategies.

We paraphrase the experts by hand, we watch the shows and write down what we understood from the experts’ comments. We are human and can make mistakes, help us fix any errors. If you see something that you know is not right or if there is a problem with the site, feel free to email us at : hello@stockchase.com.

Jim Cramer - Mad Money Darden Restaurants DRI-N DON'T BUY Sep 13, 2024

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This is a Panic-proof Portfolio opinion which is available only for Premium members

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This is a Panic-proof Portfolio opinion which is available only for Premium members

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