Darden Restaurants (DRI) Set to Announce Quarterly Earnings on Friday
Darden Restaurants (NYSE:DRI) is set to announce its Q414 earnings results on Friday, June 20th. Analysts expect the company to announce earnings of $0.94 per share and revenue of $2.33 billion for the quarter.
Darden Restaurants (NYSE:DRI) opened at 49.72 on Thursday. Darden Restaurants has a 1-year low of $44.78 and a 1-year high of $54.89. The stock’s 50-day moving average is $49.84 and its 200-day moving average is $50.36. The company has a market cap of $6.560 billion and a P/E ratio of 19.79.
DRI has been the subject of a number of recent research reports. 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. On a related note, 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. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $51.18.
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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