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Opinions Stockchase Discover
Darden RestaurantsDRIBUYAug 16, 2022
Allan Tong’s Discover Picks Looking forward, management's forecast is positive, but realistic. Earnings are expected to be $7.40-8.00 per share compared to $7.40 in fiscal 2022 as comparable-store sales should increase by 4-6%. The company will open up to 60 new restaurants, which doubles 2021's expansion rate. Also, Darden raised its dividend by 10%. It currently pays a robust 3.67%, based on a low 59% payout ratio. Darden trades at a 17.83x PE, just slightly higher than its 17x forward PE, but far below the 31.6x industry average. Read 3 Options to Profit from Falling Crude Oil for our full analysis.
Stockchase DiscoverUnknown
$132.92
Stock price when the opinion was issued
$213.40
As of Jun 18, 2026. Market Open.
food services
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Premium contentPAST 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%.
food services
Premium contentPAST TOP PICK
BUY
An outlier and super performer. They just bought Ruth's Hospitality Group, which will be beneficial.
Joe TerranovaOwned
food services
Premium contentPAST TOP PICK
(A Top Pick Jun 23/22, Up 33%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with DRI has achieved its objective at $152. To remain disciplined we recommend covering half the position at this time and to maintain the stop-loss at $135. If triggered, this would result in a net investment gain of 25%.
food services
Premium contentPAST TOP PICK
Premium contentPAST TOP PICK
Premium contentPAST TOP PICK
Premium contentTOP PICK
Stockchase Research Editor: Michael O'Reilly The owner of such iconic brands as Red Lobster, Olive Garden and Longhorn Steakhouse. As customers return to sit down dining, earnings will look to expand quickly. Recently reported earnings beat expectations and support an impressive 32% ROE. The dividend was increased by 10%, the 3rd boost since the pandemic began. We recommend a stop loss at $98, looking to achieve $152 -- upside over 32%. Yield 3.87% (Analysts’ price target is $151.59)
food services
BUY
The market prefers Growth at a Reasonable Price (GARP) stock as rates rise and tech is unfashionable. The PEG ratio is a key metric. These shares pay big dividends or buyback shares. Their latest quarter disappointed, taking a big hit from Omicron and food inflation. But the former is now behind us and food inflation could peak in the second half this year. If you buy now, you can benefit later with this stock. Trades at 17x earnings and pays a 3.5% dividend yield. A well-run restaurant chain.
food services
