Darden Restaurants, Inc.(NYSE:DRI) on Thursday reported better-than-expected results for its fourth quarter.
The results came amid an exciting earnings season. Here are some key analyst takeaways.
BofA Securities OnDarden Restaurants
Analyst Sara Senatore maintained a Buy rating, while raising the price target from $180 to $185.
LongHorn Steakhouse's performance has continued to outpace the casual dining industry by 480 basis points (bps) in sales and by 430 bps in transaction growth, Senatore said in a note. "While Olive Garden outpaced the industry on traffic (60 bps), it lagged on sales comps (70 bps) suggesting that it's not fully offsetting...
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