Darden Restaurants’ Stock Inches Higher Amid Reopening, Analyst Boost

LongHorn Steakhouse and Olive Garden parent Darden Restaurants (NYSE: DRI) is trading slightly higher following its restaurant reopening news yesterday. Today, 49% of its locations are open for diners, and the company plans to expand the number to 65% by the end of the month. The restaurant company also attracted a price target upgrade from an analyst at financial services firm Cowen Group today, also possibly helping nudge its stock upward.

The company has adopted several measures in an effort to prevent coronavirus infections at its newly opened restaurants. A strict cleaning and disinfection regimen is in place at all locations, and employees get health checks such as temperature scans when they arrive on the job in the morning.

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