TheStreet’s Jim Cramer is keeping an eye on Darden Restaurants (DRI) as the company prepares to release its fourth quarter results before the open Tuesday. Cramer notes that its signature restaurant Olive Garden is doing very well. New menu items have been introduced and the look of the restaurants have been revamped. Cramer also notes that Darden stock has a 3 percent yield. He says this is one that you could buy half ahead of earnings and then buy half after. Cramer explains, ‘as long as gasoline stays at these prices, which has always been a factor for going out to dinner, this is a good combination.’ For the quarter, analysts are expecting the restaurant company to post earnings of $0.93 a share and $1.87 billion in revenue. Analysts at Credit Suisse recently upgraded the shares of Darden Restaurants to OUTPERFORM from NEUTRAL with a higher price target of $77. The stock is up 18 percent year-to-date. The Orlando, Florida-based company is owns several casual dining chains including Olive Garden, LongHorn Steakhouse, Bahama Breeze, Seasons 52, The Capital Grille, Eddie V’s and Yard House. The company owns and operates more than 1,500 restaurants.
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