Darden Restaurants (NYSE:DRI) had its target price lifted by equities research analysts at Barclays from $108.00 to $116.00 in a research report issued on Tuesday. The brokerage currently has an “overweight” rating on the restaurant operator’s stock. Barclays’ price objective would indicate a potential upside of 19.91% from the company’s previous close.

A number of other equities analysts have also weighed in on the company. BMO Capital Markets set a $99.00 price objective on Darden Restaurants and gave the stock a “hold” rating in a research note on Friday. Credit Suisse Group reissued a “hold” rating and set a $95.00 price target on shares of Darden Restaurants in a research note on Friday. SunTrust Banks set a $104.00 price target on Darden Restaurants and gave the company a “hold” rating in a research note on Thursday, January 11th. Maxim Group reissued a “buy” rating and set a $112.00 price target (up from $103.00) on shares of Darden Restaurants in a research note on Tuesday, January 9th. Finally, Wells Fargo & Co reissued a “market perform” rating and set a $99.00 price target (up from $92.00) on shares of Darden Restaurants in a research note on Tuesday, January 9th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $96.22.

Darden Restaurants (NYSE:DRI) traded down $1.28 during midday trading on Tuesday, hitting $96.74. The stock had a trading volume of 1,565,590 shares, compared to its average volume of 1,610,230. The company has a market capitalization of $11,960.00, a price-to-earnings ratio of 24.37, a price-to-earnings-growth ratio of 1.90 and a beta of 0.20. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.20 and a current ratio of 0.34. Darden Restaurants has a 1 year low of $71.43 and a 1 year high of $100.11.

Darden Restaurants (NYSE:DRI) last released its quarterly earnings data on Tuesday, December 19th. The restaurant operator reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.03. Darden Restaurants had a return on equity of 26.24% and a net margin of 6.46%. sell-side analysts forecast that Darden Restaurants will post 4.76 earnings per share for the current fiscal year.

In other Darden Restaurants news, insider Eugene I. Lee, Jr. sold 59,783 shares of the company’s stock in a transaction that occurred on Wednesday, January 10th. The stock was sold at an average price of $96.80, for a total transaction of $5,786,994.40. Following the sale, the insider now directly owns 164,396 shares in the company, valued at $15,913,532.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Douglas J. Milanes sold 4,300 shares of the company’s stock in a transaction that occurred on Wednesday, January 10th. The shares were sold at an average price of $97.05, for a total value of $417,315.00. Following the sale, the senior vice president now owns 7,513 shares in the company, valued at $729,136.65. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 74,866 shares of company stock worth $7,252,094. Company insiders own 0.63% of the company’s stock.

A number of hedge funds have recently modified their holdings of the business. D.A. Davidson & CO. raised its holdings in shares of Darden Restaurants by 1.7% in the second quarter. D.A. Davidson & CO. now owns 1,271 shares of the restaurant operator’s stock worth $114,000 after buying an additional 21 shares during the period. Argent Capital Management LLC raised its holdings in shares of Darden Restaurants by 2.0% in the second quarter. Argent Capital Management LLC now owns 5,125 shares of the restaurant operator’s stock worth $464,000 after buying an additional 100 shares during the period. Hall Capital Management Co. Inc. raised its holdings in shares of Darden Restaurants by 1.9% in the second quarter. Hall Capital Management Co. Inc. now owns 15,927 shares of the restaurant operator’s stock worth $1,440,000 after buying an additional 297 shares during the period. People s United Financial Inc. raised its holdings in shares of Darden Restaurants by 1.6% in the second quarter. People s United Financial Inc. now owns 21,169 shares of the restaurant operator’s stock worth $1,915,000 after buying an additional 332 shares during the period. Finally, Thrivent Financial For Lutherans raised its holdings in shares of Darden Restaurants by 7.7% in the second quarter. Thrivent Financial For Lutherans now owns 5,456 shares of the restaurant operator’s stock worth $494,000 after buying an additional 389 shares during the period. Institutional investors and hedge funds own 91.83% 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).

Analyst Recommendations for Darden Restaurants (NYSE:DRI)

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