Darden Restaurants Given Average Rating of “Hold” by Brokerages (NYSE:DRI)
Darden Restaurants (NYSE:DRI) has been given a consensus rating of “Hold” by the twenty-two brokerages that are currently covering the company, Analyst Ratings Net reports. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and five have issued a buy rating on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $51.18.
Shares of Darden Restaurants (NYSE:DRI) opened at 50.71 on Friday. Darden Restaurants has a 1-year low of $44.78 and a 1-year high of $55.25. The stock’s 50-day moving average is $49.70 and its 200-day moving average is $50.57. The company has a market cap of $6.690 billion and a P/E ratio of 20.24.
Darden Restaurants (NYSE:DRI) last issued its quarterly earnings data on Friday, March 21st. The company reported $0.82 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.82. The company had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $2.26 billion. During the same quarter in the previous year, the company posted $1.02 earnings per share. The company’s revenue for the quarter was down 1.1% on a year-over-year basis. On average, analysts predict that Darden Restaurants will post $2.45 earnings per share for the current fiscal year.
A number of research firms have recently commented on DRI. Analysts at UBS AG cut their price target on shares of Darden Restaurants from $51.00 to $49.00 in a research note on Thursday, May 22nd. Separately, analysts at Credit Suisse cut their price target on shares of Darden Restaurants from $48.00 to $46.00 in a research note on Tuesday, May 20th. They now have an “underperform” rating on the stock. Finally, analysts at Zacks upgraded shares of Darden Restaurants from an “underperform” rating to a “neutral” rating in a research note on Thursday, May 1st. They now have a $52.00 price target on the stock.
Darden Restaurants, Inc is a full service restaurant company. As of May 26, 2013, the Company operated through subsidiaries 2,138 restaurants in the United States and Canada.
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