Darden Restaurants (NYSE:DRI) had its price target hoisted by equities research analysts at Sanford C. Bernstein from $91.00 to $99.00 in a research note issued on Wednesday. The firm presently has a “market perform” rating on the restaurant operator’s stock. Sanford C. Bernstein’s price target suggests a potential upside of 2.39% from the stock’s current price.
Several other equities analysts have also issued reports on the company. ValuEngine upgraded Darden Restaurants from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Zacks Investment Research upgraded Darden Restaurants from a “sell” rating to a “hold” rating in a research report on Monday, October 30th. Royal Bank of Canada restated a “sector perform” rating and set a $90.00 target price (down from $96.00) on shares of Darden Restaurants in a research report on Friday, September 22nd. Longbow Research started coverage on Darden Restaurants in a research report on Friday, October 13th. They set a “neutral” rating for the company. Finally, Maxim Group restated a “hold” rating and set a $90.00 target price on shares of Darden Restaurants in a research report on Thursday, September 21st. One research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and eight have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $91.83.
Shares of Darden Restaurants (NYSE DRI) traded up $6.15 during trading hours on Wednesday, reaching $96.69. The company’s stock had a trading volume of 4,835,000 shares, compared to its average volume of 1,626,779. The company has a market cap of $11,880.00, a PE ratio of 21.92, a P/E/G ratio of 1.98 and a beta of 0.22. Darden Restaurants has a 12-month low of $71.01 and a 12-month high of $96.74. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.38 and a quick ratio of 0.24.
Several institutional investors and hedge funds have recently modified their holdings of DRI. State of Tennessee Treasury Department boosted its position in Darden Restaurants by 162.3% during the 2nd quarter. State of Tennessee Treasury Department now owns 121,896 shares of the restaurant operator’s stock worth $11,025,000 after acquiring an additional 75,421 shares during the last quarter. Chicago Equity Partners LLC boosted its position in Darden Restaurants by 589.5% during the 2nd quarter. Chicago Equity Partners LLC now owns 41,230 shares of the restaurant operator’s stock worth $3,729,000 after acquiring an additional 35,250 shares during the last quarter. Toronto Dominion Bank boosted its position in Darden Restaurants by 26.0% during the 2nd quarter. Toronto Dominion Bank now owns 42,119 shares of the restaurant operator’s stock worth $3,808,000 after acquiring an additional 8,694 shares during the last quarter. Eastern Bank acquired a new position in Darden Restaurants during the 3rd quarter worth approximately $2,327,000. Finally, Tredje AP fonden boosted its position in Darden Restaurants by 11.0% during the 3rd quarter. Tredje AP fonden now owns 61,850 shares of the restaurant operator’s stock worth $4,873,000 after acquiring an additional 6,110 shares during the last quarter. Institutional investors and hedge funds own 91.45% of the company’s stock.
Darden Restaurants Company Profile
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).
