Darden Restaurants falls after Truist Securities downgrades to 'hold'

Darden Restaurants

08/01/2026 13:55

** Shares of Olive Garden owner Darden Restaurants DRI.N down 1.4% at 196.97 premarket

** Truist Securities downgrades rating to "hold" from "buy"; cuts PT to $207 from $240

** Brokerage cites a challenging setup heading into 2026, with few new sales drivers and hard comparisons after last year's boosts from "fan favorites" and the late‑February 2025 delivery launch

** Adds Olive Garden's value positioning has not delivered growth, with only a small lift from delivery; doubts it will be a significant growth driver in 2026

** 20 of 33 brokerages rate stock "buy" or higher, 12 "hold", 1 "sell"; median PT is $222 - data compiled by LSEG

** DRI fell 1.4% in 2025

 (Reporting by Sanskriti Shekhar in Bengaluru)

 ((Sanskriti.Shekhar@thomsonreuters.com))