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The Latest Breaking News from DRI

DRI arrests two African nationals; seizes ₹34 crore worth heroin, meth

Bengaluru

The Hindu

DRI detects Customs duty ‘evasion’ of ₹4,389 crore by Oppo India

The DRI’s earlier searches yielded ‘incriminating’ evidence indicating alleged wilful mis-declaration in the description of certain items imported by Oppo India for use in the manufacture of mobile phones.

The Hindu

Police seize 75 kg heroin near Mundra port in Gujarat

Officials say Gujarat’s ports and porous sea coast are being increasingly used as transit centres to smuggle drugs

The Hindu

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Read How Analysts Reacted To Darden Restaurants' Q4 Results

Wedbush analyst Nick Setyan lowered the price target on Darden Restaurants Inc (NYSE:DRI) to $122 (3% upside) from $140 and kept a Neutral rating on the shares. The analyst noted that FY23 guidance is predicated on normalization in inflation trends in the second half and has lowered his FY23 EPS estimate to $7.60 from $8.41…

Benzinga

Earnings Beat, Dividend Hike, New Buyback: Darden Restaurants' Q4 Highlights

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…

Benzinga

Think Inflation Has Peaked? Then Consider Buying These 5 Consumer Discretionary Stocks

The Consumer Price Index is expected to remain flat in May. Furthermore, the leading indicators of inflation are showing signs of easing. So, we think investors who believe inflation has peaked could now look to add the stocks of consumer discretionary companies O’Reilly Automotive (ORLY), InterContinental Hotels (IHG), Darden Restaurants…

StockNews.com

Cocaine worth over ₹500 crore seized near Mundra Port in Gujarat

A team of DRI officials searched and scanned a container, which had arrived a few days back from Dubai and housed at a Container Freight Station near the port in Mundra.

The Hindu

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₹1,526 cr. worth of heroin seized off Lakshadweep

Joint operation conducted by DRI and Indian Coast Guard

The Hindu

‘Over 10 crore drug users in India’

70% increase in narcotics consumption in past 8 years: Hyderabad CP

The Hindu

Cocaine worth ₹ 80 cr. seized at RGIA

Two foreign nationals were carrying 8 kg of contraband

The Hindu

Tanzanian who swallowed cocaine capsules to smuggle in India caught at Hyderabad airport

1,157 grams of cocaine worth ₹11.57 crore seized by DRI

The Hindu

Heroin worth ₹1,500 crore seized at Kandla port in Gujarat

On a tip-off, Gujarat’s Anti Terrorist Squad launched a joint operation with Directorate of Revenue Intelligence

The Hindu

Wednesday Is Your Last Chance To Buy Darden Restaurants Before The Dividend Payout

Wednesday marks the last chance for investors to receive the next dividend payout from Darden Restaurants (NYSE:DRI).

Benzinga

Drug trafficking via freight containers a major challenge

Enforcement agencies trying to curb the emerging trend of criminal syndicates using this mode for contraband smuggling

The Hindu

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Benzinga

Analysts Slash Price Target On This Restaurant Company Post Q3 Results

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…

Benzinga

$100 Invested In Darden Restaurants 20 Years Ago Would Be Worth This Much

Darden Restaurants (NYSE:DRI) has outperformed the market over the past 20 years by 1.53% on an annualized basis producing an average annual return of 8.62%. Currently, Darden Restaurants has a market capitalization of $17.00 billion.

Benzinga

Darden Restaurants' Q3 Earnings Miss Estimates Bitten By Omicron

Darden Restaurants Inc (NYSE:DRI) reported third-quarter FY22 sales growth of 41.3% year-on-year, to $2.45 billion, missing the consensus of $2.51 billion. Same-restaurant sales increased 38.1%. Darden clocked an operating margin of 12.3%, and the operating income jumped 103.4% Y/Y to $301 million. EBITDA was $395 million. EPS of $1.93 missed the consensus of…

The Hindu

Amphetamine worth ₹40 lakh found hidden in clock at KIA’s cargo section

The package was slated to be shipped to Saudi Arabia and was booked by a person from Tamil Nadu with a fake name and address of the sender

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StockNews.com

Forget Starbucks, Buy These 3 Restaurant Stocks Instead

Despite strong demand for its products, rising input costs, supply chain bottlenecks, and labor shortages have caused prominent coffee chain Starbucks (SBUX) to miss analysts’ estimates in its last reported quarter. And bcause SBUX could continue raising prices to offset its rising input costs, many analysts are worried about the…

Benzinga

CTI BioPharma's Bone Marrow Cancer Drug Scores FDA Approval

The FDA approved CTI BioPharma Corp's (NASDAQ:CTIC) Vonjo (pacritinib) for treating adult patients with myelofibrosis, a type of bone marrow cancer with low blood platelets count. Pacritinib is a JAK inhibitor and will compete with Incyte Corporation's (NASDAQ:INCY) Jakafi and Bristol Myers Squibb's Co (NYSE:BMY) Inrebic, which were approved in 2011 and 2019, respectively for myelofibrosis. CTI…

Benzinga

Will Chart Analysts Notice Bad Omen on Darden Restaurants's Chart

If history is any guide, there may be trouble ahead for shares of Darden Restaurants (NYSE:DRI). A so-called "death cross" has formed on its chart and, not surprisingly, this could be bearish for the stock.

StockNews.com

3 Buy the Dip Restaurant Stocks That Pay Dividends

The restaurant industry is well-positioned for a solid rebound. Therefore, amid heightened market volatility on concerns about looming interest rate hikes, we think it could be wise to bet on dividend-paying restaurant stocks Darden Restaurants (DRI), Dine Brands (DIN), and Ruth’s Hospitality (RUTH) to ensure a steady portfolio income stream.…

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