Greg Feirman Blog | DRI Is A Sell | TalkMarkets

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DRI Is A Sell

By Greg Feirman of Top Gun FP
Date: Thursday, December 15, 2022 6:45 AM EDT

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Darden Restaurants (DRI) – the owner of the Olive Tree and other popular middle-class chains – reports earnings Friday morning. The stock has had a great run over the last six months but I think it’s time to sell. As inflation and economic weakness squeeze consumers – especially middle-class ones – they are likely to eat out less. In addition, DRI is a little expensive after its big run at 19x FY23 guidance of $7.40-$8.00. I’d take profits – or even short – ahead of earnings.


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