Share on StockTwits

Shares of Darden Restaurants (NYSE:DRI) were the target of unusually large options trading on Wednesday. Stock investors acquired 11,482 call options on the company, Stock Ratings Network reports. This represents an increase of 237% compared to the average daily volume of 3,412 call options.

A number of analysts have recently weighed in on DRI shares. Analysts at Goldman Sachs initiated coverage on shares of Darden Restaurants in a research note on Monday, August 11th. They set a $500.00 price target on the stock. Separately, 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. Finally, 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. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the stock. Darden Restaurants presently has an average rating of “Hold” and an average price target of $76.71.

Darden Restaurants (NYSE:DRI) traded down 0.21% during mid-day trading on Wednesday, hitting $47.43. The stock had a trading volume of 1,684,905 shares. Darden Restaurants has a 1-year low of $43.56 and a 1-year high of $54.89. The stock’s 50-day moving average is $45.84 and its 200-day moving average is $48.57. The company has a market cap of $6.276 billion and a price-to-earnings ratio of 22.08.

Darden Restaurants (NYSE:DRI) last posted its quarterly earnings results 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 $2.23 EPS for the current fiscal year.

Darden Restaurants, Inc is full service restaurant company. The Company owns and operates more than 1,500 restaurants.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.