Darden Restaurants PT Lowered to $49.00 (DRI)
Stock analysts at Deutsche Bank decreased their price target on shares of Darden Restaurants (NYSE:DRI) from $53.00 to $49.00 in a report issued on Monday, StockRatingsNetwork reports. The firm currently has a “hold” rating on the stock. Deutsche Bank’s target price would suggest a potential upside of 0.31% from the stock’s previous close.
Shares of Darden Restaurants (NYSE:DRI) traded up 0.99% during mid-day trading on Monday, hitting $48.85. 1,943,011 shares of the company’s stock traded hands. Darden Restaurants has a 1-year low of $44.11 and a 1-year high of $57.93. The stock has a 50-day moving average of $48.08 and a 200-day moving average of $50.0. The company has a market cap of $6.365 billion and a price-to-earnings ratio of 15.43.
Darden Restaurants (NYSE:DRI) last announced its earnings results on Friday, June 21st. The company reported $1.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by $0.03. The company had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.27 billion. During the same quarter in the previous year, the company posted $1.15 earnings per share. The company’s revenue for the quarter was up 11.1% on a year-over-year basis. Analysts expect that Darden Restaurants will post $2.98 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Wunderlich initiated coverage on shares of Darden Restaurants (NYSE:DRI) in a research note to investors on Friday, September 6th. They set a “hold” rating and a $50.00 price target on the stock. Separately, analysts at Sterne Agee cut their EPS estimates on shares of Darden Restaurants (NYSE:DRI) in a research note on Tuesday. They now have a “buy” rating and a $55.00 price target on the stock. Finally, analysts at Oppenheimer reiterated an “outperform” rating on shares of Darden Restaurants (NYSE:DRI) in a research note to investors on Wednesday, August 28th. They now have a $54.00 price target on the stock, down previously from $58.00.
Two equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and ten have given a buy rating to the company. Darden Restaurants has a consensus rating of “Hold” and an average price target of $52.32.
Darden Restaurants, Inc (NYSE:DRI) is a company owned and full-service restaurant company.
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