Darden Restaurants Stock Rating Upgraded by Buckingham Research (DRI)
Darden Restaurants (NYSE:DRI) was upgraded by investment analysts at Buckingham Research to a “neutral” rating in a note issued to investors on Monday, AnalystRatings.Net reports.
DRI has been the subject of a number of other recent research reports. Analysts at Telsey Advisory Group cut their price target on shares of Darden Restaurants (NYSE:DRI) from $54.00 to $49.00 in a research note to investors on Monday. They now have a “not rated” rating on the stock. Separately, analysts at Stephens downgraded shares of Darden Restaurants (NYSE:DRI) from an “overweight” rating to an “equal weight” rating in a research note to investors on Monday. Finally, analysts at Janney Montgomery Scott cut their price target on shares of Darden Restaurants (NYSE:DRI) from $57.00 to $54.00 in a research note to investors on Sunday. They now have a “buy” rating on the stock.
Two investment analysts have rated the stock with a sell rating, nineteen have given a hold rating and eight have assigned a buy rating to the company’s stock. Darden Restaurants has an average rating of “Hold” and a consensus target price of $50.79.
Shares of Darden Restaurants (NYSE:DRI) opened at 45.78 on Monday. Darden Restaurants has a 52-week low of $44.11 and a 52-week high of $57.07. The stock’s 50-day moving average is $48.02 and its 200-day moving average is $50.14. The company has a market cap of $5.961 billion and a P/E ratio of 16.26.
Darden Restaurants (NYSE:DRI) last issued its quarterly earnings data on Friday, September 20th. The company reported $0.53 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.70 by $0.17. The company had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.20 billion. During the same quarter last year, the company posted $0.85 earnings per share. Darden Restaurants’s revenue was up 6.1% compared to the same quarter last year. On average, analysts predict that Darden Restaurants will post $2.94 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, November 1st. Stockholders of record on Thursday, October 10th will be paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 4.81%.
Darden Restaurants, Inc (NYSE:DRI) is a company owned and full-service restaurant company.
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