Darden Restaurants (NYSE:DRI) had its target price hoisted by stock analysts at Jefferies Group from $82.00 to $90.00 in a research note issued on Wednesday. The firm presently has a “hold” rating on the restaurant operator’s stock. Jefferies Group’s price target points to a potential downside of 6.92% from the stock’s current price.
Several other equities analysts also recently commented on DRI. BMO Capital Markets set a $101.00 target price on Darden Restaurants and gave the company a “hold” rating in a research report on Tuesday. Robert W. Baird reiterated an “outperform” rating and issued a $104.00 target price (up from $94.00) on shares of Darden Restaurants in a research report on Wednesday. Maxim Group reiterated a “buy” rating and issued a $103.00 target price (up from $93.00) on shares of Darden Restaurants in a research report on Wednesday. Credit Suisse Group reiterated a “market perform” rating and issued a $90.00 target price (up from $82.00) on shares of Darden Restaurants in a research report on Wednesday. They noted that the move was a valuation call. Finally, Canaccord Genuity reiterated a “buy” rating and issued a $97.00 target price on shares of Darden Restaurants in a research report on Wednesday, September 27th. One equities research analyst has rated the stock with a sell rating, eighteen have given a hold rating and eight have given a buy rating to the company. Darden Restaurants has an average rating of “Hold” and an average price target of $91.83.
Darden Restaurants (NYSE DRI) traded up $6.15 during trading hours on Wednesday, reaching $96.69. The company had a trading volume of 4,835,000 shares, compared to its average volume of 1,626,779. The firm has a market capitalization of $11,880.00, a price-to-earnings ratio of 21.92, a PEG 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 fifty-two week low of $71.01 and a fifty-two week high of $96.74.
Several institutional investors and hedge funds have recently modified their holdings of DRI. HS Management Partners LLC bought a new position in shares of Darden Restaurants during the third quarter worth about $157,044,000. Janus Henderson Group PLC raised its position in shares of Darden Restaurants by 113.6% during the third quarter. Janus Henderson Group PLC now owns 1,576,026 shares of the restaurant operator’s stock worth $124,158,000 after acquiring an additional 838,341 shares during the last quarter. APG Asset Management N.V. increased 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 worth $186,056,000 after purchasing an additional 604,364 shares in the last quarter. Robeco Institutional Asset Management B.V. increased 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 worth $115,348,000 after purchasing an additional 510,969 shares in the last quarter. Finally, Allianz Asset Management GmbH increased 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 worth $56,954,000 after purchasing an additional 320,902 shares in the last quarter. 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).
