A number of research firms have changed their ratings and price targets for Darden Restaurants (NYSE: DRI):

  • 10/2/2017 – Darden Restaurants had its price target lowered by analysts at Citigroup Inc. from $105.00 to $90.00. They now have a “buy” rating on the stock.
  • 10/2/2017 – Darden Restaurants is now covered by analysts at Stifel Nicolaus. They set a “buy” rating and a $92.00 price target on the stock.
  • 9/28/2017 – Darden Restaurants had its “outperform” rating reaffirmed by analysts at Oppenheimer Holdings, Inc.. They now have a $100.00 price target on the stock.
  • 9/27/2017 – Darden Restaurants was upgraded by analysts at Robert W. Baird from a “neutral” rating to an “outperform” rating. They now have a $94.00 price target on the stock. They wrote, “compelling entry point.” The firm’s David Tarantino upgrades Darden’s stock rating from Neutral to Outperform with an unchanged $94 price target.Darden’s stock has lost more than 15 percent over the past three months, which makes its current valuation more attractive, Tarantino explained in his upgrade note. Specifically, the stock’s current next-twelve-months (NTM) EV/EBITDA and P/E multiples are sitting 4–9 percent below their respective one year averages.While many investors are likely concerned with Darden’s same-store sales outlook in the struggling casual dining industry, the company is well positioned to deliver above-average performance, the analyst noted. In fact, Darden can perform well in the restaurant sector even if overall industry trends don’t improve — although it would likely imply upside to estimates.Meanwhile, management remains focused on simplifying its operations, which lead to a better service and execution and also improve the value proposition of its brands through scale advantages and quality upgrades.”We believe further evidence of solid top- and bottom-line fundamentals in upcoming periods can lead to improved investor sentiment and support a return to higher valuation metrics on the shares following the recent pullback,”
  • 9/27/2017 – Darden Restaurants was upgraded by analysts at Maxim Group from a “hold” rating to a “buy” rating. They now have a $93.00 price target on the stock, up previously from $90.00.
  • 9/27/2017 – Darden Restaurants had its price target lowered by analysts at Royal Bank Of Canada from $96.00 to $90.00. They now have a “sector perform” rating on the stock.
  • 9/27/2017 – Darden Restaurants had its “buy” rating reaffirmed by analysts at Canaccord Genuity. They now have a $97.00 price target on the stock.
  • 9/27/2017 – Darden Restaurants had its price target lowered by analysts at Wells Fargo & Company from $90.00 to $84.00. They now have a “market perform” rating on the stock.
  • 9/27/2017 – Darden Restaurants had its price target lowered by analysts at Credit Suisse Group from $85.00 to $82.00. They now have a “neutral” rating on the stock.
  • 9/27/2017 – Darden Restaurants had its “equal weight” rating reaffirmed by analysts at Morgan Stanley. They now have a $88.00 price target on the stock, down previously from $93.00.
  • 9/27/2017 – Darden Restaurants had its price target lowered by analysts at Stephens from $95.00 to $80.00. They now have an “outperform” rating on the stock.
  • 9/27/2017 – Darden Restaurants had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $82.00 price target on the stock, down previously from $90.00.
  • 9/27/2017 – Darden Restaurants had its “market perform” rating reaffirmed by analysts at BMO Capital Markets. They now have a $85.00 price target on the stock, down previously from $87.00.
  • 9/26/2017 – Darden Restaurants had its “equal weight” rating reaffirmed by analysts at Stephens. They now have a $95.00 price target on the stock.
  • 9/22/2017 – Darden Restaurants had its “sector perform” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $90.00 price target on the stock, down previously from $96.00.
  • 9/22/2017 – Darden Restaurants was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $94.00 price target on the stock. According to Zacks, “Darden’s shares outpaced its industry year to date. Most of its brands witnessed growth over the past few quarters given sales initiatives like simplifying kitchen systems, operational excellence to enhance guest experience, menu innovation, and technology-driven moves. Cheddar's acquisition has added an undisputed casual dining value leader to Darden's portfolio of differentiated brands that should further drive comps. Initiatives to attract guests at Olive Garden, LongHorn and other units also bode well. Darden’s efforts to check costs are commendable too. Backed by these efforts, Darden’s fourth-quarter fiscal 2017 earnings beat the Zacks Consensus Estimate for the 11th consecutive quarter. Estimates are stable ahead of its first-quarter fiscal 2018 earnings release. Yet, rising labor costs and a non-franchised business model might dampen the company’s profits, while a soft industry backdrop could pressurize comps.”
  • 9/21/2017 – Darden Restaurants had its “hold” rating reaffirmed by analysts at Maxim Group. They now have a $90.00 price target on the stock.
  • 9/20/2017 – Darden Restaurants had its “buy” rating reaffirmed by analysts at Oppenheimer Holdings, Inc.. They now have a $100.00 price target on the stock.
  • 9/19/2017 – Darden Restaurants had its “hold” rating reaffirmed by analysts at Robert W. Baird. They now have a $94.00 price target on the stock.
  • 9/1/2017 – Darden Restaurants was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 8/18/2017 – Darden Restaurants was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.

Darden Restaurants, Inc. (DRI) traded up 1.19% during midday trading on Tuesday, hitting $80.11. The stock had a trading volume of 1,739,358 shares. Darden Restaurants, Inc. has a one year low of $60.69 and a one year high of $95.22. The stock has a 50-day moving average price of $82.10 and a 200 day moving average price of $85.21. The firm has a market cap of $10.03 billion, a PE ratio of 20.74 and a beta of 0.25.

Darden Restaurants (NYSE:DRI) last released its quarterly earnings data on Tuesday, September 26th. The restaurant operator reported $0.99 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.99. The business had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.93 billion. Darden Restaurants had a return on equity of 26.06% and a net margin of 6.60%. The business’s revenue for the quarter was up 12.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.88 EPS. On average, analysts predict that Darden Restaurants, Inc. will post $4.45 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 1st. Shareholders of record on Tuesday, October 10th will be given a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 3.15%. The ex-dividend date is Friday, October 6th. Darden Restaurants’s dividend payout ratio is presently 65.12%.

Darden Restaurants, Inc is a full-service restaurant company. The Company owned and operated 1,536 restaurants through its subsidiaries in the United States and Canada, as of May 29, 2016. The Company’s segments include Olive Garden, LongHorn Steakhouse, Fine Dining (which includes The Capital Grille, and Eddie V’s Prime Seafood and Wildfish Seafood Grille (Eddie V’s)) and Other Business (which includes Yard House, Seasons 52, Bahama Breeze, consumer-packaged goods and franchise revenues).

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