UNBELIEVABLE: 3 - Caught on Camera

Investors who are waiting for rising inflation and interest rates to have a negative impact on a company’s earnings will have to wait a few quarters in Darden Restaurants, Inc. (NYSE: DRI).

Darden Restaurants Inc (NYSE:DRI) reported fourth-quarter FY22 sales growth of 14.2% year-on-year to $2.60 billion, beating the consensus of $2.54 billion. Same-restaurant sales increased 11.7% versus last year. Olive Garden sales increased 8.2%, LongHorn Steakhouse climbed 13.2%, and Fine Dining jumped 40.7%. Darden clocked an operating margin of 13%, and the operating income…

Darden Restaurants Inc (NYSE: DRI) shares are trading higher Thursday morning after the company reported better-than-expected financial results, issued guidance above analyst estimates and announced a buyback.

Credit Suisse analyst Lauren Silberman lowered the price target on Darden Restaurants Inc (NYSE:DRI) from $180 to $175 and maintained Outperform rating on the shares. The revised price target implies a 34% upside. While the analyst acknowledged the concerns about the discretionary nature of casual dining, she believes Darden is well-positioned to wade through near-term…