Darden Restaurants, Inc. (NYSE:DRI) has been given a consensus rating of “Hold” by the twenty-six brokerages that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and nine have assigned a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $89.10.

A number of research firms have issued reports on DRI. Zacks Investment Research upgraded shares of Darden Restaurants from a “hold” rating to a “buy” rating and set a $98.00 target price on the stock in a report on Thursday. BidaskClub upgraded shares of Darden Restaurants from a “sell” rating to a “hold” rating in a report on Friday, August 18th. Stephens restated an “equal weight” rating and issued a $95.00 target price on shares of Darden Restaurants in a report on Tuesday, September 26th. Oppenheimer restated a “buy” rating and issued a $100.00 target price on shares of Darden Restaurants in a report on Wednesday, September 20th. Finally, Jefferies Group restated a “hold” rating and issued a $82.00 target price (down from $90.00) on shares of Darden Restaurants in a report on Wednesday, September 27th.

Hedge funds have recently made changes to their positions in the company. HS Management Partners LLC purchased a new position in Darden Restaurants in the third quarter valued at approximately $157,044,000. Janus Henderson Group PLC raised its holdings in Darden Restaurants by 113.6% in the third quarter. Janus Henderson Group PLC now owns 1,576,026 shares of the restaurant operator’s stock valued at $124,158,000 after buying an additional 838,341 shares during the period. APG Asset Management N.V. raised its holdings in Darden Restaurants by 34.4% in the third quarter. APG Asset Management N.V. now owns 2,361,712 shares of the restaurant operator’s stock valued at $186,056,000 after buying an additional 604,364 shares during the period. Robeco Institutional Asset Management B.V. raised its holdings in Darden Restaurants by 66.8% in the second quarter. Robeco Institutional Asset Management B.V. now owns 1,275,399 shares of the restaurant operator’s stock valued at $115,348,000 after buying an additional 510,969 shares during the period. Finally, Allianz Asset Management GmbH raised its holdings in Darden Restaurants by 79.8% in the third quarter. Allianz Asset Management GmbH now owns 722,952 shares of the restaurant operator’s stock valued at $56,954,000 after buying an additional 320,902 shares during the period. Institutional investors and hedge funds own 91.94% of the company’s stock.

Shares of Darden Restaurants (NYSE DRI) traded up $0.46 during midday trading on Thursday, reaching $87.60. 1,254,300 shares of the company were exchanged, compared to its average volume of 1,602,060. The firm has a market cap of $10,890.00, a PE ratio of 21.10, a price-to-earnings-growth ratio of 1.91 and a beta of 0.22. Darden Restaurants has a 12-month low of $71.01 and a 12-month 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.

Darden Restaurants (NYSE:DRI) last issued its quarterly earnings data on Tuesday, September 26th. The restaurant operator reported $0.99 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.99. The firm had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.93 billion. Darden Restaurants had a net margin of 6.60% and a return on equity of 26.06%. The firm’s revenue was up 12.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.88 EPS. analysts predict that Darden Restaurants will post 4.43 earnings per share for the current year.

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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).

Analyst Recommendations for Darden Restaurants (NYSE:DRI)

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