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Panic!? Taco Bell And Starbucks Warn About Shortages By Jonathan Maze of Restaurant Business , Supply chain problems continue to plague the restaurant industry, leading big chains Taco Bell and Starbucks to warn consumers on Monday that some items may not be available. Starbucks told customers on its app that "due to supply shortages, some items are temporarily unavailable." That echoed warnings that have persisted at the chain''s locations for months. Consumers have complained on social media channels about periodic shortages of items such as green tea. At Taco Bell, customers are complaining about a lack of hot sauce. The Mexican fast-food chain''s website warns customers that not all items are available at the moment. "Sorry if we can''t feed your current crave. Due to national ingredient shortages and delivery delays, we may be out of some items," an orange banner with bold lettering read on the top of Taco Bell''s website. The company, owned by Louisville, Ky.-based Yum Brands, blamed transportation problems for the shortages. "Due to national transportation delays happening throughout most of the industry, we may be temporarily out of some items," the company said in a statement. "Apologies for the inconvenience and we hope to feed fans'' current Taco Bell cravings again soon." Restaurants have faced shortages of everything from sauces to pickles to chicken wings in recent months due to a host of issuesincluding weather problems in Texas and intense demand from consumers coupled with supply limitations.
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Darden Restaurants, Inc. (DRI) shares closed today at 1.9% below its 52 week high of $150.20, giving the company a market cap of $19B. The stock is currently up 27.0% year-to-date, up 110.5% over the past 12 months, and up 167.6% over the past five years. This week, the Dow Jones Industrial Average rose 0.6%, and the S&P 500 rose 0.8%. Trading Activity Trading volume this week was 29.9% lower than the 20-day average.Beta, a measure of the stocks volatility relative to the overall market stands at 1.1. Technical Indicators The Relative Strength Index (RSI) on the stock was between 30 and 70.MACD, a trend-following momentum indicator, indicates an upward trend.The stock closed below its Bollinger band, indicating it may be oversold. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Communication Services industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by -16.5% The company's stock price performance over the past 12 months lags the peer average by -28.8% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to firstname.lastname@example.org. © 2020 Kwhen Inc.
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Darden Restaurants with ticker code (DRI) have now 24 analysts covering the stock with the consensus suggesting a rating of ''Buy''. The target price ranges between 175 and 135 calculating the average target price we see 161. With the stocks previous close at 148.17 this now indicates there is a potential upside of 8.7%. The 50 day MA is 139.21 and the 200 moving average now moves to 135.21. The company has a market capitalisation of $19,387m. Find out more information at: /> [stock_market_widget type="chart" symbol="DRI" chart="bar" range="6mo" interval="1d" line-color="rgb(49, 125, 189)"] Darden Restaurants, through its subsidiaries, owns and operates full-service restaurants in the United States and Canada. As of May 31, 2020, it owned and operated approximately 1,804 restaurants, which included 868 under the Olive Garden, 522 under the LongHorn Steakhouse, 165 under the Cheddar''s Scratch Kitchen, 81 under the Yard House, 60 under The Capital Grille, 44 under the Seasons 52, 41 under the Bahama Breeze, and 23 under the Eddie V''s Prime Seafood brands.
Darden Restaurants, the segment''s biggest player, doesnt have the answer, but CEO Gene Lee admits his first assessment was off-target.
Within the last quarter, Darden Restaurants (NYSE:DRI) has ob
Diners are back, and the outlook is brighter for the fiscal year ahead.
In the current session, Darden Restaurants Inc. (NYSE: DRI ) is trading at $143.76, after a 2.80% gain. Over the past month, the stock increased by 0.43%, and in the past year, by 87.71%. With performance like this, long-term shareholders are optimistic but others are more likely to look into the price-to-earnings ratio to see if the stock might be overvalued. Assuming that all other factors are held constant, this could present itself as an opportunity for shareholders trying to capitalize on the higher share price. The Full story available on Benzinga.com
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