Investors might want to look at some restaurant stocks following strong results announced by Darden Restaurants Inc DRI. The company's guidance lift has boosted sentiments on the restaurant's shares.
Darden reported net earnings of $110.2 million, or $0.87 on sales revenue of $1.687 billion for the first quarter with same-store sales recording 1.3 percent increase. The company also lifted its fiscal year 2017 EPS guidance from $3.80-$3.90 to $3.87-$3.97.
As a result, the following stocks are expected to see more than the normal level of intraday action on Tuesday:
- Bloomin' Brands Inc BLMN
- Del Frisco's Restaurant Group Inc DFRG
- Kona Grill Inc KONA
- Ruby Tuesday, Inc. RT
- BJ's Restaurants, Inc. BJRI
- Bravo Brio Restaurant Group, Inc. BBRG
- Diversified Restaurant Holdings, Inc. SAUC
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