Darden Restaurants Given New $44.00 Price Target at Susquehanna (DRI)
Research analysts at Susquehanna cut their target price on shares of Darden Restaurants (NYSE:DRI) from $45.00 to $44.00 in a report released on Thursday, AnalystRatings.Net reports. The firm currently has a “neutral” rating on the stock. Susquehanna’s price target indicates a potential downside of 11.66% from the company’s current price.
Shares of Darden Restaurants (NYSE:DRI) traded down 1.02% during mid-day trading on Thursday, hitting $49.30. The stock had a trading volume of 1,852,209 shares. Darden Restaurants has a 1-year low of $44.11 and a 1-year high of $57.93. The stock’s 50-day moving average is $48.12 and its 200-day moving average is $50.15. The company has a market cap of $6.423 billion and a P/E ratio of 15.89.
Darden Restaurants (NYSE:DRI) last issued its quarterly earnings data on Friday, June 21st. The company reported $1.01 EPS for the quarter, missing the Thomson Reuters 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 last year, the company posted $1.15 earnings per share. Darden Restaurants’s revenue was up 11.1% compared to the same quarter last year. Analysts expect that Darden Restaurants will post $2.98 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank cut their price target on shares of Darden Restaurants (NYSE:DRI) from $53.00 to $49.00 in a research note to investors on Monday. They now have a “hold” rating on the stock. Separately, 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. Finally, 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.
Two analysts have rated the stock with a sell rating, seventeen have given a hold rating and ten have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $52.26.
Darden Restaurants, Inc (NYSE:DRI) is a company owned and full-service restaurant company.
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