Jim Cramer - Mad Money
Darden Restaurants
DRI-N
BUY
Jun 23, 2025
Last Friday they reported a strong quarter, which pushed the stock to new highs. Was already 19% for the year before Friday. It beat same-store sales, driven by Olive Garden and Longhorn Steakhouse. EPS also beat, and full-year forecast was solid. They announced share buybacks and raise the dividend to 2.7%. Average weekly deliveries nearly doubled the last 2 weeks of the quarter, thanks to a new program. But fine-dining sales declined. They plan expansion in places like Canada.
(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%.
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.
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.
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?
Last Friday they reported a strong quarter, which pushed the stock to new highs. Was already 19% for the year before Friday. It beat same-store sales, driven by Olive Garden and Longhorn Steakhouse. EPS also beat, and full-year forecast was solid. They announced share buybacks and raise the dividend to 2.7%. Average weekly deliveries nearly doubled the last 2 weeks of the quarter, thanks to a new program. But fine-dining sales declined. They plan expansion in places like Canada.