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Fly News Breaks for June 22, 2018
DRI
Jun 22, 2018 | 08:05 EDT
Stephens analyst Will Slabaugh noted that Darden just reported its 14th consecutive quarter of meeting or beating EPS estimates and its 15th straight quarter of same-store sales growth at Olive Garden, which he sees as "especially impressive" given the company's temporary removal of one of its key promotional events. The analyst, who thinks the company's consistent outperformance will generate consistent EPS growth and drive up consensus estimates, keeps an Overweight rating on Darden shares and raised his price target on the stock to $125 from $105.
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