BTIG Reiterates on Darden Restaurants (DRI): 'lighter portions' and Uber partnership to fuel more SSS growth

BTIG analyst Peter Saleh reiterated a Buy rating and $225.00 price target on Darden Restaurants (NYSE: DRI)

The analyst commented, "Darden reported solid 3QF26 results this morning with mid-single digit comps, positive traffic, and a widening sales gap vs. peers, all despite considerable weather headwinds. While surging gas prices have been a source of investor concern, traffic has not been affected, with 4QF26 comp guidance in the 4.0% range and two-year trends showing a material acceleration. Looking ahead, we see the combination of value (under pricing peers), menu innovation (Lighter Portions), and increased access (Uber Direct [UBER, Buy, $100 PT; Analyst: Jake Fuller]) as sustainable same-store sales and traffic drivers. The combination of sustainable sales drivers, widening competitive gaps, and margin gains keep us positive on shares; we reiterate our Buy rating and $225 price target."

For an analyst ratings summary and ratings history on Darden Restaurants click here. For more ratings news on Darden Restaurants click here.

Shares of Darden Restaurants closed at $200.71 yesterday.

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