Darden Restaurants (NYSE:DRI) Upgraded by ValuEngine to Hold

ValuEngine upgraded shares of Darden Restaurants (NYSE:DRI) from a sell rating to a hold rating in a research report report published on Tuesday, May 29th.

Other research analysts also recently issued reports about the company. Raymond James raised Darden Restaurants to a buy rating in a report on Monday, April 2nd. Mizuho began coverage on shares of Darden Restaurants in a research report on Thursday, March 15th. They issued a buy rating and a $105.00 price objective for the company. Maxim Group restated a buy rating and issued a $112.00 price objective on shares of Darden Restaurants in a research report on Wednesday, March 14th. Zacks Investment Research upgraded shares of Darden Restaurants from a hold rating to a buy rating and set a $106.00 price objective for the company in a research report on Monday, March 12th. Finally, Stifel Nicolaus dropped their target price on shares of Darden Restaurants from $105.00 to $100.00 and set a buy rating for the company in a research report on Friday, March 23rd. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and fifteen have issued a buy rating to the company. The company has a consensus rating of Buy and an average price target of $98.30.

DRI traded down $0.19 during trading on Tuesday, reaching $92.19. 1,679,265 shares of the stock traded hands, compared to its average volume of 1,541,755. The company has a current ratio of 0.39, a quick ratio of 0.25 and a debt-to-equity ratio of 0.44. The stock has a market cap of $11.40 billion, a price-to-earnings ratio of 22.93, a PEG ratio of 1.58 and a beta of 0.20. Darden Restaurants has a fifty-two week low of $76.27 and a fifty-two week high of $100.11.

Darden Restaurants (NYSE:DRI) last released its earnings results on Thursday, March 22nd. The restaurant operator reported $1.71 earnings per share for the quarter, topping analysts’ consensus estimates of $1.64 by $0.07. The business had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.15 billion. Darden Restaurants had a return on equity of 28.12% and a net margin of 6.92%. The firm’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same period last year, the business earned $1.32 earnings per share. sell-side analysts forecast that Darden Restaurants will post 4.77 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in DRI. Commerzbank Aktiengesellschaft FI bought a new position in shares of Darden Restaurants during the fourth quarter worth approximately $220,000. Meag Munich Ergo Kapitalanlagegesellschaft MBH acquired a new stake in shares of Darden Restaurants during the 4th quarter worth approximately $589,000. Conning Inc. boosted its position in shares of Darden Restaurants by 165.4% during the 4th quarter. Conning Inc. now owns 8,520 shares of the restaurant operator’s stock worth $818,000 after acquiring an additional 5,310 shares in the last quarter. LMR Partners LLP boosted its position in shares of Darden Restaurants by 36.1% during the 4th quarter. LMR Partners LLP now owns 12,732 shares of the restaurant operator’s stock worth $1,223,000 after acquiring an additional 3,380 shares in the last quarter. Finally, Randolph Co Inc boosted its position in shares of Darden Restaurants by 0.8% during the 4th quarter. Randolph Co Inc now owns 102,150 shares of the restaurant operator’s stock worth $9,808,000 after acquiring an additional 850 shares in the last quarter. 89.53% of the stock is currently owned by institutional investors.

Darden Restaurants Company Profile

Darden Restaurants, Inc, through its subsidiaries, owns and operates full-service restaurants in the United States and Canada. As of June 27, 2017, it owned and operated approximately 1,700 restaurants under the Olive Garden, LongHorn Steakhouse, Cheddar's Scratch Kitchen, Yard House, The Capital Grille, Seasons 52, Bahama Breeze, and Eddie V's brands.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Darden Restaurants (NYSE:DRI)

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