Darden Restaurants (NYSE:DRI) received a $101.00 price target from stock analysts at BMO Capital Markets in a research note issued on Tuesday. The brokerage presently has a “hold” rating on the restaurant operator’s stock. BMO Capital Markets’ target price would indicate a potential upside of 4.46% from the stock’s previous close.
A number of other analysts have also recently commented on the stock. Credit Suisse Group reissued a “market perform” rating and set a $90.00 target price (up previously from $82.00) on shares of Darden Restaurants in a research note on Wednesday. They noted that the move was a valuation call. Maxim Group reissued a “buy” rating and set a $103.00 target price (up previously from $93.00) on shares of Darden Restaurants in a research note on Wednesday. Robert W. Baird reissued an “outperform” rating and set a $104.00 target price (up previously from $94.00) on shares of Darden Restaurants in a research note on Wednesday. Zacks Investment Research cut shares of Darden Restaurants from a “buy” rating to a “hold” rating in a research note on Monday. Finally, SunTrust Banks set a $94.00 target price on shares of Darden Restaurants and gave the stock a “hold” rating in a research note on Monday, December 11th. One equities research analyst has rated the stock with a sell rating, seventeen have given a hold rating and eight have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $91.14.
Darden Restaurants (DRI) traded up $6.15 during mid-day trading on Tuesday, hitting $96.69. 4,835,000 shares of the stock were exchanged, compared to its average volume of 1,626,779. The stock has a market capitalization of $11,880.00, a PE ratio of 21.92, a P/E/G ratio of 1.98 and a beta of 0.22. The company has a quick ratio of 0.24, a current ratio of 0.38 and a debt-to-equity ratio of 0.45. Darden Restaurants has a twelve month low of $71.01 and a twelve month high of $96.74.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Northcoast Asset Management boosted its holdings in Darden Restaurants by 32.7% in the 3rd quarter. Northcoast Asset Management now owns 439,793 shares of the restaurant operator’s stock valued at $30,143,000 after purchasing an additional 108,385 shares during the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft acquired a new position in shares of Darden Restaurants in the 3rd quarter worth approximately $4,807,000. KBC Group lifted its holdings in shares of Darden Restaurants by 6.4% in the 3rd quarter. KBC Group now owns 26,582 shares of the restaurant operator’s stock worth $1,822,000 after acquiring an additional 1,600 shares during the last quarter. Crow Point Partners acquired a new position in shares of Darden Restaurants in the 3rd quarter worth approximately $308,000. Finally, MUFG Americas lifted its holdings in shares of Darden Restaurants by 3.4% in the 3rd quarter. MUFG Americas now owns 27,194 shares of the restaurant operator’s stock worth $1,864,000 after acquiring an additional 900 shares during the last quarter. Hedge funds and other institutional investors own 91.45% of the company’s stock.
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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).
