{"id":45066,"date":"2021-07-06T06:36:11","date_gmt":"2021-07-06T10:36:11","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/?p=45066"},"modified":"2021-07-06T02:38:59","modified_gmt":"2021-07-06T06:38:59","slug":"a-good-buy-darden-restaurants-inc-nyse-dri-or-restaurant-brands-international-inc-nyse-qsr","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/a-good-buy-darden-restaurants-inc-nyse-dri-or-restaurant-brands-international-inc-nyse-qsr-45066","title":{"rendered":"A Good Buy? Darden Restaurants Inc. (NYSE: DRI) Or Restaurant Brands International Inc. (NYSE: QSR)"},"content":{"rendered":"<p><b>Restaurant Brands International Inc. (NYSE: QSR)<\/b><span style=\"font-weight: 400;\"> has released the results of its annual shareholder meeting voting on the election of directors. Total eligible votes present in person or through proxy were 403,132,197, representing around 87% of eligible voters. In addition, the company has offered a proxy for the 12 Board of Directors nominees.\u00a0 All 12 nominated individuals by the board have been elected until the next shareholder annual meeting or until successors are appointed.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Restaurant Brands International Inc. (NYSE: QSR) has been tipped for a recovery rally by UBS thanks to the increased consumer movement. In addition, the research firm sees several catalysts in place supporting the upside that includes a new Tim Hortons franchisee, which indicates that improved trends are coming through 2022. As a result, UBS gave Restaurant Brands International a Buy rating with a target price of $76.\u00a0<\/span><\/p>\n<p><b>Darden Restaurants Inc. (NYSE: DRI)<\/b><span style=\"font-weight: 400;\"> has announced its fiscal Q4 and fiscal year ended May 30, 2021, financial results. Total sales in the quarter were $2.28 billion, a 79.5% increase driven primarily by a blend of same-restaurant sales growth of 90.4% and the inclusion of 30 net new restaurants. Net diluted earnings per share were $2.03, while adjusted diluted net EPS was $2.03.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">CEO Gene Lee said that the company had a solid quarter that surpassed expectation as sales grew throughout the quarter. In addition, he said that he is proud of how the team welcomed additional guests back, creating memorable experiences.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For fiscal 2021 the company reported sales of $7.2 billion, a 7.8% YoY increase with diluted net earni9ngs per share of $4.31. In addition, the company declared a dividend of $1.1 per share for Q4, which is a 25% increase from Q3 2021. The dividend will be payable on August 2, 2021, to stockholders that will be on record as of July 9, 2021.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For fiscal 2022 Darden Restaurants expects to be running at full capacity for all restaurants and estimates sales of around $9.2 to $9.5 billion. In addition, the company expects to open 35-40 new restaurants over the year.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Restaurant Brands International Inc. (NYSE: QSR) has released the results of its annual shareholder meeting voting on the election of directors. Total eligible votes present [&hellip;]<\/p>\n","protected":false},"author":32,"featured_media":45067,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[2236],"tags":[15683,15684,15685,15686,15680,15681,15682,15679],"stock_ticker":[15678],"class_list":["post-45066","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-darden-restaurants-inc-nyse-dri","tag-dri","tag-dri-news","tag-dri-stock","tag-qsr","tag-qsr-news","tag-qsr-stock","tag-restaurant-brands-international-inc-nyse-qsr","stock_ticker-qsr","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>A Good Buy? 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