Darden Restaurants Receives Neutral Rating from Susquehanna (DRI)
Darden Restaurants (NYSE:DRI)‘s stock had its “neutral” rating reiterated by stock analysts at Susquehanna in a report issued on Monday. They currently have a $46.00 price target on the stock, down from their previous price target of $49.00. Susquehanna’s target price points to a potential downside of 3.32% from the stock’s previous close.
Darden Restaurants (NYSE:DRI) traded down 0.84% during mid-day trading on Monday, hitting $47.18. The stock had a trading volume of 1,193,386 shares. Darden Restaurants has a one year low of $44.78 and a one year high of $54.89. The stock has a 50-day moving average of $49.7 and a 200-day moving average of $50.32. The company has a market cap of $6.223 billion and a price-to-earnings ratio of 22.10.
Darden Restaurants (NYSE:DRI) last issued its quarterly earnings data on Friday, June 20th. The company reported $0.65 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $1.01 earnings per share. Darden Restaurants’s revenue was up .9% compared to the same quarter last year. Analysts expect that Darden Restaurants will post $2.71 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, August 1st. Investors 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 4.62%.
A number of other analysts have also recently weighed in on DRI. Analysts at RBC Capital cut their price target on shares of Darden Restaurants from $55.00 to $50.00 in a research note on Monday. They now have a “sector perform” rating on the stock. Separately, analysts at Miller Tabak raised their price target on shares of Darden Restaurants from $57.00 to $60.00 in a research note on Friday. They now have a “buy” rating on the stock. Finally, 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. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $51.12.
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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