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Research analysts at Goldman Sachs initiated coverage on shares of Darden Restaurants (NYSE:DRI) in a report released on Monday, reports. The firm set a $500.00 price target on the stock.

Shares of Darden Restaurants (NYSE:DRI) opened at 47.21 on Monday. Darden Restaurants has a 52-week low of $43.56 and a 52-week high of $54.89. The stock’s 50-day moving average is $45.94 and its 200-day moving average is $48.75. The company has a market cap of $6.247 billion and a price-to-earnings ratio of 21.93.

Darden Restaurants (NYSE:DRI) last posted its quarterly earnings results on Friday, June 20th. The company reported $0.65 EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted $1.01 earnings per share. The company’s quarterly revenue was up .9% on a year-over-year basis. Analysts expect that Darden Restaurants will post $2.25 EPS for the current fiscal year.

Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank cut their price target on shares of Darden Restaurants from $49.00 to $44.00 in a research note on Tuesday, July 29th. They now have a “hold” rating on the stock. Separately, analysts at Raymond James cut their price target on shares of Darden Restaurants from $55.00 to $50.00 in a research note on Monday, July 14th. Finally, analysts at TheStreet downgraded shares of Darden Restaurants to a “hold” rating in a research note on Friday, June 27th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the company’s stock. Darden Restaurants presently has an average rating of “Hold” and an average target price of $76.71.

In other Darden Restaurants news, SVP Daisy Ng unloaded 12,500 shares of Darden Restaurants stock on the open market in a transaction dated Friday, August 1st. The stock was sold at an average price of $46.53, for a total value of $581,625.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

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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