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Darden Restaurants (NYSE: DRI) is a large player in the casual dining space. Names in its stable include Red Lobster, Olive Garden, and LongHorn Steakhouse.
With that diversification of offerings, DRI held up better than some in the restaurant space. As such, the recovery from the bottom has meant doubles instead of the triples or more.
DRI currently trades at around $34 per share -- which is cheap in my book. I would be a buyer of growth despite the gains in the near term. I rate DRI an A or Strong Buy.
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Reader Comments (Page 1 of 1)
6-21-2009 @ 10:08AM
stevejohnson77 said...
The confluence of high unemployment, gas on the rise and expansion of season 52 a decentralized concept in a centralized organization may prove a little much for DRI over the next 6 months. With exceptional positioning the confluence of ongoing economy will be a big challenge.