Darden Restaurants (DRI) Given a $94.00 Price Target at SunTrust Banks
Darden Restaurants (NYSE:DRI) has been given a $94.00 price objective by equities researchers at SunTrust Banks in a research report issued to clients and investors on Monday. The firm presently has a “hold” rating on the restaurant operator’s stock. SunTrust Banks’ target price would indicate a potential upside of 8.61% from the stock’s current price.
Several other equities analysts have also recently weighed in on DRI. BidaskClub raised shares of Darden Restaurants from a “sell” rating to a “hold” rating in a research note on Friday, August 18th. ValuEngine raised shares of Darden Restaurants from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Robert W. Baird reaffirmed a “hold” rating and set a $94.00 price target on shares of Darden Restaurants in a research note on Tuesday, September 19th. Oppenheimer reaffirmed a “buy” rating and set a $100.00 price target on shares of Darden Restaurants in a research note on Wednesday, September 20th. Finally, Zacks Investment Research raised shares of Darden Restaurants from a “hold” rating to a “buy” rating and set a $94.00 price target for the company in a research note on Friday, September 22nd. One analyst has rated the stock with a sell rating, seventeen have given a hold rating and eight have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $88.73.
Shares of Darden Restaurants (NYSE:DRI) opened at $86.55 on Monday. Darden Restaurants has a 52 week low of $71.01 and a 52 week high of $95.22. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.24 and a current ratio of 0.38. The stock has a market capitalization of $10,686.61, a P/E ratio of 20.92, a P/E/G ratio of 1.89 and a beta of 0.22.
A number of institutional investors have recently made changes to their positions in DRI. M&R Capital Management Inc. acquired a new stake in Darden Restaurants during the 2nd quarter valued at $108,000. Van ECK Associates Corp acquired a new stake in Darden Restaurants during the 4th quarter valued at $113,000. CENTRAL TRUST Co lifted its holdings in Darden Restaurants by 16.5% during the 2nd quarter. CENTRAL TRUST Co now owns 1,799 shares of the restaurant operator’s stock valued at $114,000 after purchasing an additional 255 shares during the last quarter. D.A. Davidson & CO. lifted its holdings in Darden Restaurants by 1.7% during the 2nd quarter. D.A. Davidson & CO. now owns 1,271 shares of the restaurant operator’s stock valued at $114,000 after purchasing an additional 21 shares during the last quarter. Finally, Moisand Fitzgerald Tamayo LLC bought a new position in Darden Restaurants during the 3rd quarter worth $115,000. 91.94% of the stock is owned by institutional investors and hedge funds.
About Darden Restaurants
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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