5 Buy-The-Dip Restaurant Stocks to Invest in Now

In this article, we discuss 5 buy-the-dip restaurant stocks to invest in now. If you want to see more stocks in this list, check out 10 Buy-The-Dip Restaurant Stocks to Invest in Now.

5. Darden Restaurants, Inc. (NYSE:DRI)

Number of Hedge Fund Holders: 32

YTD Share Price Decline as of July 22: 18.44%

Darden Restaurants, Inc. (NYSE:DRI) is an American company that owns multiple fine dining and casual restaurants such as Eddie V’s, The Capital Grille, Olive Garden Italian Restaurant, LongHorn Steakhouse, Bahama Breeze, Seasons 52, Yard House, and Cheddar’s Scratch Kitchen. The stock has declined about 18.5% year to date as of July 22. 

On June 27, BofA analyst Katherine Griffin reinstated coverage of Darden Restaurants, Inc. (NYSE:DRI) with a Buy rating and a $145 price target. The demand for Darden Restaurants, Inc. (NYSE:DRI) is “benign if not favorable”, said the analyst, who sees Darden Restaurants, Inc. (NYSE:DRI) well-positioned to capture volume growth “in all forms” from off-premise channels and high demand for dining occasions.  

According to Insider Monkey’s data, 32 hedge funds were bullish on Darden Restaurants, Inc. (NYSE:DRI) at the end of Q1 2022, up from 30 funds in the last quarter. Brandon Haley’s Holocene Advisors is the largest shareholder of the company, with 482,026 shares worth $64 million.