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In the last three months, 18 analysts have published ratings on Darden Restaurants DRI , offering a diverse range of perspectives from bullish to bearish. In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 5 5 8 0 0 Last 30D 0 1 0 0 0 1M Ago 5 4 7 0 0 2M Ago 0 0 0 0 0 3M Ago 0 0 1 0 0 The 12-month price targets, analyzed by analysts, offer insights with an average target of $191.72, a high estimate of $220.00, and a low estimate of $164.00. This upward trend is apparent, with the current average reflecting a 4.43% increase from the previous average price target of $183.59. Investigating Analyst Ratings: An Elaborate Study A comprehensive examination of how financial experts perceive Darden Restaurants is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets. Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target Brian Harbour Morgan Stanley Raises Overweight $209.00 $193.00 Sara Senatore B of A Securities Raises Buy $211.00 $195.00 Andrew Strelzik BMO Capital Raises Market Perform $175.00 $165.00 Brian Bittner Oppenheimer Raises Outperform $200.00 $182.00 Chris O'Cull Stifel Raises Buy $205.00 $190.00 Jake Bartlett Truist Securities Raises Buy $200.00 $195.00 Dennis Geiger UBS Raises Buy $210.00 $195.00 Jeffrey Bernstein Barclays Raises Overweight $206.00 $192.00 Eric Gonzalez Keybanc Raises Overweight $200.00 $194.00 David Tarantino Baird Raises Neutral $194.00 $180.00 Nick Setyan Wedbush Raises Outperform $220.00 $200.00 Jim Salera Stephens & Co. Raises Equal-Weight $175.00 $164.00 Jim Salera Stephens & Co. Maintains Equal-Weight $164.00 $164.00 Andrew Strelzik BMO Capital Lowers Market Perform $165.00 $175.00 Jim Salera Stephens & Co. Maintains Equal-Weight $164.00 $164.00 Christine Cho Goldman Sachs Announces Neutral $183.00 - Jon Tower Citigroup Lowers Buy $206.00 $209.00 Jim Salera Stephens & Co. Maintains Equal-Weight $164.00 $164.00 Key Insights: Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Darden Restaurants. This information offers a snapshot of how analysts perceive the current state of the company. Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Darden Restaurants compared to the broader market. Price Targets: Gaining insights, analysts provide estimates for the future value of Darden Restaurants's stock. This comparison reveals trends in analysts' expectations over time. To gain a panoramic view of Darden Restaurants's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table. Stay up to date on Darden Restaurants analyst ratings. Unveiling the Story Behind Darden Restaurants Darden Restaurants is the largest restaurant operator in the us full-service space, with consolidated revenue of $11.4 billion in fiscal 2024 resulting in 3%-4% full-service market share (per NRA data and our calculations). The company maintains a portfolio of 10 restaurant brands: Olive Garden, LongHorn Steakhouse, Cheddar's Scratch Kitchen, Ruth's Chris, Yard House, The Capital Grille, Seasons 52, Eddie V's, Bahama Breeze, and The Capital Burger. Darden generates revenue almost exclusively from company-owned restaurants, though a small network of franchised restaurants and consumer-packaged goods sales through the traditional grocery channel contribute modestly. As of the end of its fiscal 2024, the company operated 2,031 restaurants in the us. Financial Milestones: Darden Restaurants's Journey Market Capitalization: Exceeding industry standards, the company's market capitalization places it above industry average in size relative to peers. This emphasizes its significant scale and robust market position. Positive Revenue Trend: Examining Darden Restaurants's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 4.82% as of 30 November, 2024, showcasing a substantial increase in top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Consumer Discretionary sector. Net Margin: Darden Restaurants's net margin is impressive, surpassing industry averages. With a net margin of 7.44%, the company demonstrates strong profitability and effective cost management. Return on Equity (ROE): Darden Restaurants's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of 10.21%, the company may face hurdles in achieving optimal financial performance. Return on Assets (ROA): Darden Restaurants's ROA stands out, surpassing industry averages. With an impressive ROA of 1.8% , the company demonstrates effective utilization of assets and strong financial performance. Debt Management: Darden Restaurants's debt-to-equity ratio is below the industry average. With a ratio of 3.06 , the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors. What Are Analyst Ratings? Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions. In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs. Which Stocks Are Analysts Recommending Now? Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. Click here to stay ahead of the market . This article was generated by Benzinga's automated content engine and reviewed by an editor. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.BEIRUT (AP) — Insurgents' stunning march across Syria accelerated Saturday with news that they had reached the suburbs of the capital and that government forces had withdrawn from the central city of Homs. The government was forced to deny rumors that President Bashar Assad had fled the country. The loss of Homs is a potentially crippling blow for Assad. It stands at an important intersection between Damascus and Syria’s coastal provinces of Latakia and Tartus — the Syrian leader’s base of support and home to a Russian strategic naval base. The pro-government Sham FM reported that government forces took positions outside Syria’s third-largest city, without elaborating. Rami Abdurrahman who heads the Britain-based Syrian Observatory for Human Rights, said Syrian troops and members of different security agencies have withdrawn from the city, adding that rebels have entered parts of it. The capture of Homs is a major victory for insurgents, who have already seized the cities of Aleppo and Hama , as well as large parts of the south, in a lightning offensive that began Nov. 27. Analysts said Homs falling into rebel hands would be a game-changer. The rebels' moves around Damascus, reported by the monitor and a rebel commander, came after the Syrian army withdrew from much of southern part of the country, leaving more areas, including several provincial capitals, under the control of opposition fighters. The advances in the past week were among the largest in recent years by opposition factions, led by a group that has its origins in al-Qaida and is considered a terrorist organization by the U.S. and the United Nations. In their push to overthrow Assad's government, the insurgents, led by the Hayat Tahrir al-Sham group, or HTS, have met little resistance from the Syrian army. For the first time in the country's long-running civil war, the government now has control of only three of 14 provincial capitals: Damascus, Latakia and Tartus. The U.N.’s special envoy for Syria, Geir Pedersen, on Saturday called for urgent talks in Geneva to ensure an “orderly political transition.” Speaking to reporters at the annual Doha Forum in Qatar, he said the situation in Syria was changing by the minute. Russian Foreign Minister Sergey Lavrov, whose country is Assad's chief international backer, said he feels “sorry for the Syrian people.” In Damascus, people rushed to stock up on supplies. Thousands went to Syria's border with Lebanon, trying to leave the country. Many shops in the capital were shuttered, a resident told The Associated Press, and those still open ran out of staples such as sugar. Some were selling items at three times the normal price. “The situation is very strange. We are not used to that,” the resident said, insisting on anonymity, fearing retributions. “People are worried whether there will be a battle (in Damascus) or not.” It was the first time that opposition forces reached the outskirts of Damascus since 2018, when Syrian troops recaptured the area following a yearslong siege. The U.N. said it was moving noncritical staff outside the country as a precaution. Syria’s state media denied social media rumors that Assad left the country, saying he is performing his duties in Damascus. He has had little, if any, help from his allies. Russia, is busy with its war in Ukraine . Lebanon’s Hezbollah, which at one point sent thousands of fighters to shore up Assad's forces, has been weakened by a yearlong conflict with Israel. Iran has seen its proxies across the region degraded by regular Israeli airstrikes. U.S. President-elect Donald Trump on Saturday posted on social media that that the United States should avoid engaging militarily in Syria. Pedersen said a date for talks in Geneva on the implementation a U.N. resolution, adopted in 2015, and calling for a Syrian-led political process, would be announced later. The resolution calls for the establishment of a transitional governing body, followed by the drafting of a new constitution and ending with U.N.-supervised elections. Later Saturday, foreign ministers and senior diplomats from eight key countries, including Saudi Arabia, Russia, Egypt, Turkey and Iran, along with Pederson, gathered on the sidelines of the Doha Summit to discuss the situation in Syria. No details were immediately available. Rami Abdurrahman, who heads the Britain-based Syrian Observatory for Human Rights, an opposition war monitor, said insurgents were in the Damascus suburbs of Maadamiyah, Jaramana and Daraya. Opposition fighters were marching toward the Damascus suburb of Harasta, he added. A commander with the insurgents, Hassan Abdul-Ghani, posted on the Telegram messaging app that opposition forces had begun the “final stage” of their offensive by encircling Damascus. HTS controls much of northwest Syria and in 2017 set up a “salvation government” to run day-to-day affairs in the region. In recent years, HTS leader Abu Mohammed al-Golani has sought to remake the group’s image, cutting ties with al-Qaida, ditching hard-line officials and vowing to embrace pluralism and religious tolerance. The shock offensive began Nov. 27, during which gunmen captured the northern city of Aleppo, Syria’s largest, and the central city of Hama , the country’s fourth largest city. Opposition activists said Saturday that a day earlier, insurgents entered Palmyra, which is home to invaluable archaeological sites had been in government hands since being taken from the Islamic State group in 2017. To the south, Syrian troops left much of the province of Quneitra including the main Baath City, activists said. Syrian Observatory said government troops have withdrawn from much of the two southern provinces. The Syrian army said in a statement that it carried out redeployment and repositioning in Sweida and Daraa after its checkpoints came under attack by “terrorists." The army said it was setting up a “strong and coherent defensive and security belt in the area,” apparently to defend Damascus from the south. The Syrian government has referred to opposition gunmen as terrorists since conflict broke out in March 2011. The foreign ministers of Iran, Russia and Turkey, meeting in Qatar, called for an end to the hostilities. Turkey is a main backer of the rebels. Qatar's top diplomat, Sheikh Mohammed bin Abdulrahman Al Thani, criticized Assad for failing to take advantage of the lull in fighting in recent years to address the country’s underlying problems. “Assad didn’t seize this opportunity to start engaging and restoring his relationship with his people,” he said. Sheikh Mohammed said he was surprised by how quickly the rebels have advanced and said there is a real threat to Syria’s “territorial integrity.” He said the war could “damage and destroy what is left if there is no sense of urgency” to start a political process. Karam reported from London. Associated Press writers Albert Aji in Damascus, Syria and Qassim Abdul-Zahra in Baghdad contributed to this report.
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Authored by Mike Shedlock via MishTalk.com, Chicago mayor Brandon Johnson stepped to new lows when his hand-picked board fired Chicago Public Schools (CPS) CEO Pedro Martinez without cause. Austin Berg at the Illinois Policy Institute Explains on X . Chicago Mayor Brandon Johnson’s hand-picked school board just voted unanimously to fire Chicago Public Schools CEO Pedro Martinez without cause. Johnson and the Chicago Teachers Union (CTU) have been pushing for months to oust Martinez following his refusal to back Johnson’s demand for a $300M high-interest loan to pay for a new CTU contract. The CTU is Johnson’s largest campaign funder and former employer. Aldeman Silvana Tabares made a very important point in public comment before the board vote. CTU takes in more than $30M a year. But it spends just 17 cents of every dollar on teacher representation. The rest goes toward administration, politics and other leadership priorities. The contract with CPS is what fuels their political machine. The bigger the contract, the more money CTU can give to Johnson and his allies . As background to this story, Johnson’s initial cohort of appointed board members resigned unanimously in November when Johnson told them to fire CPS CEO Pedro Martinez. Johnson sought to terminate Martinez because Martinez didn’t support Johnson’s push to take out a high-interest loan to cover CPS’ $300 million shortfall. Please note the CTU proposal includes annual raises of 10-12 percent after factoring in cost-of-living adjustments. And the union demands 13,000 new positions despite falling school enrollment. The CPS leaders say this would push the district’s deficit to $4 billion by 2029. That nearly half of the entire budget. When Johnson demanded his own appointed board go along with this proposal, they all resigned instead. Johnson’s new handpicked board then voted to fire, without cause, Chicago Public Schools CEO Pedro Martinez. When fired without cause, CPS leader Martinez can stay on for 6 months. To get around Martinez in the interim, mayor Johnson proposes a deputy CPS leader, a position that does not even exist. A national political reporter visiting Chicago to cover preparations for the Democratic National Convention asked Austin Berg “What do you think people outside Chicago don’t understand about Brandon Johnson’s administration?” Berge gave his 3-Part Answer on X. 1️⃣ The Chicago Teachers Union dictates the mayor’s priorities and allocation of political capital. They are by far the most powerful political actor in city government right now, which means the administration fixates on the demands of a small base of far-left activists. This explains things like the cancellation of ShotSpotter despite community support, the mayor casting the tie-breaking vote on a ceasefire resolution, attacking selective enrollment schools, defending the most radical members of city council despite their horrific behavior, hostility toward ethics reform, and banning schools from hiring cops as security officers. Watch the @illinoispolicy documentary “ Local 1: The Rise of America’s Most Powerful Teachers Union ” for the best account of this. 2️⃣ Because of No. 1, the administration is staffed by a relatively large number of people with little to no executive experience, including the mayor himself. This explains a wide range of unforced errors: trying to build a migrant tent camp on toxic land, losing the “mansion tax” referendum, announcing an unpopular proposal for a publicly funded Chicago Bears stadium that was immediately dead on arrival in Springfield, ghosting the Sun-Times editorial board after they refused to hold an off the record conversation, and over/underpaying thousands of Chicago government employees due to clerical errors. 3️⃣ You could elect Mother Teresa or Pericles to be mayor of Chicago and they would still have a difficult time fixing the city’s problems. That’s in large part because we’re the only major city among the top 10 in the U.S. lacking a city charter. This means there are no constitutional checks and balances on authority. No thoughtful delegation of power. And little democracy on issues of citywide importance. This explains why the Council and the Mayor can’t agree on who really has authority over the ShotSpotter deal, why the Chicago Police Department is in compliance with just 6% of the federal consent decree and thus lacks community trust, why City Council is not able to provide a meaningful check on the mayor’s budgeting and forecasting, why Chicago alone holds more pension debt than 44 U.S. states , and why the mayor can sign major deals (Lollapalooza, NASCAR) behind closed doors with no oversight. The best account of this is “The New Chicago Way: Lessons from Other Big Cities” which compares Chicago’s governance structure to other major cities and offers a comprehensive solution set. You can buy the book or listen to our podcast mini-series at http://newchicagoway.com . DM me if you can’t afford a copy and I’ll send you one. Last year the Ethical Humanist Society of Chicago asked Berg to give a talk about the state of the city. He discussed Chicago history, the city’s problems, solutions, and the main findings in his video “ The New Chicago Way. ” Please note the CTU Has a Long History of Anti-Parent Actions . The Chicago Teachers Union is the enemy of parents’ rights. It’s efforts to unionize charter schools, push them to the brink of closure and then take them over as typical public schools bears this out. Step 1: Unionize. In January 2018 – the same year Acero’s unionized employees merged with CTU – former CTU President Jesse Sharkey explicitly admitted his motivation to “ undermine further charter expansion,” using tactics such as unionizing and merging charter schools into CTU. Step 2: Undermine . Later that year, CTU employed its go-to tactic in leading Acero’s teachers out on strike, marking the first charter school strike in the nation and cancelling class for the 7,000 students at the 15 schools. Step 3: Absorb. After Acero announced schools were closing, current CTU president Stacy Davis Gates claimed she wanted to “save” them by absorbing them into CPS. The school board followed her directive on Dec. 20 and did just that. Now those charters will no longer exist. The district’s budget is about $10 billion. It’s up nearly 30% increase in five years while serving fewer students. By 2029 or 2030, the deficit is projected to be $4 billion per year on a $10 billion budget. The city is broke. Johnson is the most corrupt mayor in the nation. And the CTU is the most corrupt union in the nation. It is a one-two punch with unfortunate kids held hostage for the benefit of leaders who belong in jail. I can’t help but think Johnson will eventually find jail because history suggests these corrupt politicians eventually get there. Meanwhile, the lives of hundreds of thousands of innocent kids are destroyed in a worst in the nation public school system. On November 25, I asked When Do Mayor Brandon Johnson and the City of Chicago Finally Implode? Chicago slashed 2,103 public safety job but added 184 administrators. The budget deficit is nearly $1 billion. I am openly rooting for Chicago and the entire pension system of Illinois to implode. That sounds harsh bit it isn’t. There will be no reform until crisis hits, and the sooner the better because those currently collecting unwarranted massive pensions are bleeding the pension funds dry. The sooner the collapse, the more pension money will be saved for the average Joe. Meanwhile, please note that In Chicago There’s Under a 50 Percent Chance Police Show Up If You are Shot Good luck in Chicago getting the police to show up if you are shot, stabbed, a victim of domestic violence, or any number of other serious crimes. But hey, Chicago hired 179 new community services administrators. How’s that working for you?
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