Darden Restaurants is due to a pause after a recent rally, according to Baird. Analyst David Tarantino downgraded the Olive Garden parent to neutral from outperform, saying the “risk/reward looks more balanced” following the stock’s recent outperformance. Including dividends, the company’s returned 1% to shareholders, while the S&P 500 has lost 16%. Darden shares have rallied more than 16% in the fourth quarter. “We still have a very positive view of the company’s internal operating fundamentals, and believe DRI is on track to deliver good results in FQ2-FQ3, but when factoring in the year-to-date outperformance for the shares and the lingering risks related to the macro outlook, we simply believe the risk/reward on DRI has become more balanced at current valuation metrics,” Tarantino said. While both the company and the broader casual dining industry have been held up decently, conditions favoring the sector are beginning to shift and signal a potential slowdown in 2023, Tarantino said. “While we would consider Darden relatively well positioned to navigate a slower economy, we highlight risks that tougher macro conditions could cause revenue trends to lag current model assumptions for FQ4/F2024, potentially creating some risks to earnings estimates,” he said. Along with the downgrade, Baird upped its price target on the stock to $150 a share, implying that the stock should hover near current levels. The stock’s down 2.5% this year. Tarantino remains confident in the long-term outlook for Darden Restaurants and said pullbacks in the stock, or increased confidence in the casual dining industry, would warrant a positive sentiment shift. — CNBC’s Michael Bloom contributed reporting
The City of Houston announced a boil water notice at 7:30 pm on Nov. 27, which is still in effect on Monday morning and is expected to last until Tuesday. As a result, many schools in the region will not open today. Several restaurants in town have also closed, yet many have been able to open, either full menus or limited menus. Here’s the latest list of which restaurants are closed or open, which will be updated throughout the day.
Agricole Hospitality (Coltivare, Eight Row Flint, EZ’s Liquor Lounge, Vinny’s, Indianola, Miss Carousel): Open, using bagged ice, bottled and boiled water to continue serving.
Angel Shares: open
Anonymous Café: open
Blacksmiths: closed
Bohemeo’s: closed
Brazil: Open, but all coffee and cocktails are not available today.
Brasserie 19: Open, but not serving cocktails with ice, coffee, tea or espresso.
Canary Coffee: open
Candente: open
Clutch City Coffee: closed
Common Bonds: All locations are open, selling a full food menu, bottled beverages and frozen bonds, but no coffee drinks, tea or water.
Coppa Osteria: open
Ribbon Crafts: open
KitchenCupcakes was giving away free water with 97.9 radio station until 1 pm today.
Cyclone Anayas: All locations are open.
Daily Gather: Open, but not serving water, tea or coffee beverages.
Da Gama: Open for lunch, dinner and happy hour.
BBQ Feges: The Greenway Plaza location is open with a limited menu. (The Spring Branch restaurant is always closed on Mondays.)
Finn Hall: Open, but only serving bottled drinks—no water, soda or coffee beverages.
Flora: open
Frank’s Pizza: closed
Gratify: open
Henderson & Kane: open
HS Green: closed
Julep: closed
Robata said: open
Koffeteria: Open with hot coffee and full range of pastries. “Not our first rodeo,” the EaDo bakery wrote on Instagram.
Blacksmith coffee shop has closed because the city of Houston’s boil water notice.
Julie Soefer Photography
Kolache Shoppe: The Greenway Plaza location is open and serving food, but no drinks. (The Heights shop is always closed on Mondays.)
Kraftsmen Baking: open
La Lucha: open
Lagniappe: Open with coffee menu limited to cold brew and drip.
Liberty Kitchen & Oysterette: Both locations are open.
Local Foods: All locations are open.
Monkey’s Tail: open
Native Coffee: Open, using a reverse osmosis machine.
Ninja’s: Both locations are open.
NY Deli: open
Osso & Kristalla: open
Ouisie’s Table: Open, not serving water unless it’s requested (bottled to be served), and not using ice.
Palace Social: open
Papas Bros. Steakhouse: open
Patterson Park: Open with clean ice, bottled and canned beverages, and a full bar.
Pit Room: open
Saigon Hustle: Open, with minor adjustments to the menu.
Saint Arnold Brewing: After initially saying it would be closed, the team announced the beer garden & restaurant would be able to open today after all. The brewery will not have water, sweet tea or ice.
Sunday Press: Open, with menu adjustments and bottled water.
Superica: open
State Fare Kitchen & Bar: All locations are open. The Memorial outpost has new ice, sodas and water; is serving tea and regular coffee, but no espresso or cappuccino. Restaurants in The Woodlands and Sugar Land are not affected.
State of Grace: open
Tacos A Go Go: All locations open.
Tenfold Coffee Company: Open, full service resumed at 9 am with reserve of clean water.
Traveler’s Table: Open, with bottled water, bagged ice and boiled water.
Vibrant: closed
Meanwhile, at least one Houston brewery is offering to help, giving out filtered water to anyone who wants it for free. Breweries always have reverse osmosis water on hand to make their beer, a process that removes contaminants from a liquid. Gristworkz (formerly Local Group Brewing) is donating filtered water today—be sure to bring your own container.
MARSHFIELD – Many restaurants in the area have been around for a long time, providing good times, great food and beloved places to gather.
These restaurants have been serving customers for decades. They have long, rich (and delicious) histories. Here are the five oldest restaurants in the Marshfield area that are still operating.
1973: Buck-A-Neer Super Club
The Buck-A-Neer Supper Club, 122923 Marathon County C, is a popular restaurant in Rozellville that has been serving customers for nearly 50 years. The building itself was originally a blacksmith and buggy shop in the early 1900s. It wasn’t until 1932 that it became an eatery.
The Buck-A-Neer was first opened by Tom and Ann Seubert and Tom’s parents, Dick and Celine, on March 1, 1973. Around 2000, Dick and Celine retired and Tom’s brother, Roy, and his wife, Jeannie, became part owners . After decades of serving customers, the family announced that the restaurant would close in 2016.
It was announced shortly after that the restaurant had been sold to Dave and Judy Jasurda, their daughter, Elizabeth, her fiancé at the time, and Rob and Rita Blinker, said current co-owner Scott Kleinschmidt.
The restaurant is currently owned by Kleinschmidt, Rob Posteluk and Ariel Gorst.
The restaurant suffered significant damage after a fire in August 2020, which forced them to close while they did repairs. It reopened in December 2020.
It’s remained a local hot spot that people still flock to for fish fries, birthdays, anniversaries or just the traditional Wisconsin supper club experience.
1974: Melody Gardens
Part restaurant and part skating rink, Melody Gardens, 1200 S. Oak Ave. in Marshfield, has been a spot for good food and fun for 48 years.
Alvin and Gladys Brock opened the roller rink in 1974, according to the website. They added the ice cream parlor in 1980 and served a basic menu. In 1990, they turned the parlor into a full-scale restaurant. By 1996, they were making their own ice cream. They offer a variety of different flavors today.
The business has changed ownership several times over the years, but has stayed in the family. The Brocks sold Melody Gardens to their daughter, Deb, and her husband, Dan Dietel, in 1993. It was sold again in 2012 to the Brock’s other daughter, Margie, and her husband, Dennis Schmidt, according to the website.
The local favorite offers breakfast, lunch and dinner. And, of course, ice cream is also on the menu, so you can round out the perfect rolling rink experience.
1982: Nutz Deep II
Nutz Deep II, 809 S. Central Ave., has become one of Marshfield’s most popular restaurants over the last few decades.
Dewey Schutz opened the restaurant in Marshfield in 1982 and a second location in Spencer at 103 E. Clark St. in 2007. He decided to name the restaurant Nutz Deep II after an employee named Ray suggested he name the restaurant after one he had owned in Sturgeon Bay, according to the website.
“Dewey thought this was the most insane thing he had ever heard, but Ray was convinced he had the name fit,” says a post on the restaurant’s website. “He said that the bar could be the place where people could go and get a little nuts.”
The restaurant has racked up many local awards over the years, including small business of the year, best burger, best fish fry, best bartender, best cheese curds and more.
1984: Belvedere Super Club
Another Marshfield-area classic is the Belvedere Supper Club, M329 State 97. The restaurant has been open for nearly four decades, offering a large menu with hearty Wisconsin classics.
Dale and Patricia Leffel moved to Marshfield in 1977 and opened the supper club in 1984, according to the website. They had a passion for great food and service and decided to open a restaurant. They found a property on the north side of the city that they knew would be perfect, according to the website.
“Their dream at that time was just an open field,” the website says. “Thus the name Belvedere, or ‘open view,’ was born.”
The Belvedere not only offers a restaurant, it also has a wedding chapel and reception area on the grounds and will provide catering for the celebration. People can also enjoy live music at the super club.
1987: Scotty’s Pizza & Chicken
Scotty’s Pizza, 100 S. Chestnut Ave., has been a staple in Marshfield for 35 years.
Scott Berg opened the restaurant in 1987 at the age of 24. He told the Marshfield News-Herald in 2019 that he knew he wanted to open a restaurant when he was in ninth grade. He said he had originally planned to move away from Marshfield, his hometown, after high school, but he ended up staying. He bought what was then Booker’s Pizza and opened Scotty’s.
