TheStreet.com's Jim Cramer says that as consumers try to stretch their dining dollar, Darden, Yum! and McDonald's will benefit.
We all know we are overstored in this country and over-restauranted. There are tons of players -- so many that the competition got too hard. Now they collapse. That Uno might miss a payment, that Bennigan's and S...
Darden Restaurants (NYSE: DRI) operates about 1,700 casual dining restaurants in the United States and Canada. Its Red Lobster (seafood), Olive Garden (Italian cuisine), LongHorn Steakhouse (steak), Bahama Breeze (Caribbean items) and Capital Grille (steak) chains cater to families, with mid-priced menu items and generally suburban locations. A small group of Seasons 52 restaurants feature a casual grill and wine bar
I am a little late on this one, with the 52wk low @ 20.89. But this is a well managed company that has *reasonable* growth. I would look for this stock to maybe take a hit in the short term, depending on the depth of the recession/slow-down. But 2010? Look for it to get back to the $50 dollar range.
Everyday you can find updated buy and sell alerts on many hot stocks here on Predict Wall Street. This is a simple way to make money in the stock market and by using " Mojo Crossover " you will be trading with the flow bullish or bearish. The NEW Bullish / Bearish Flow list now with pivot points will help day traders find the entry points and long-term traders too.
Everyday you can find updated buy and sell alerts on many hot stocks here on Predict Wall Street. This is a simple way to make money in the stock market and by using " Mojo Crossover " you will be trading with the flow bullish or bearish. The NEW Bullish / Bearish Flow list now with pivot points will help day traders find the entry points and long-term traders too.
Bullish Green line on top…Buy or Cover Bearish Red line on top… Sell or Short
Now! I have added Stocks in Focus with Pivot Points these are the one with a greater bullish or bea...
Cheap P/E for a chain restaurant, great leadership, nice 19% payout and good inside ownership showing the company isn't going to flop without a fight. I think they made a very good decision closing smoky bones, their guns are olive garden and red lobster. I think restaurants like that are out-competing chains like cheesecake factory. Might wait a bit for stock price to stabilize after recent 5% jump. My target price would be 43.50 but I think it will go to $48. 45.51 is a bit rich for me. PEG under 1 is pretty unique for chain restaurant as well.
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