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Analysts at Miller Tabak hoisted their price objective on shares of Darden Restaurants (NYSE:DRI) from $57.00 to $60.00 in a research report issued to clients and investors on Friday. The firm currently has a “buy” rating on the stock. Miller Tabak’s price target points to a potential upside of 21.16% from the stock’s previous close.

Shares of Darden Restaurants (NYSE:DRI) traded down 3.92% during mid-day trading on Friday, hitting $47.58. 5,507,790 shares of the company’s stock traded hands. Darden Restaurants has a one year low of $44.78 and a one year high of $54.89. The stock’s 50-day moving average is $49.82 and its 200-day moving average is $50.36. The company has a market cap of $6.277 billion and a price-to-earnings ratio of 19.76.

Darden Restaurants (NYSE:DRI) last released its earnings data on Friday, June 20th. The company reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.94 by $0.29. The company had revenue of $2.32 billion for the quarter, compared to the consensus estimate of $2.33 billion. During the same quarter in the previous year, the company posted $1.01 earnings per share. The company’s revenue for the quarter was up .9% on a year-over-year basis. Analysts expect that Darden Restaurants will post $2.46 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Friday, August 1st. Stockholders of record on Thursday, July 10th will be given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 4.44%.

A number of other firms have also recently commented on DRI. Analysts at Susquehanna raised their price target on shares of Darden Restaurants from $46.00 to $49.00 in a research note on Thursday. Separately, 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. Finally, 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. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $51.59.

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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