Darden Restaurants, Inc. (DRI) Given Average Rating of “Hold” by Analysts

Darden Restaurants, Inc. (NYSE:DRI) has earned an average rating of “Hold” from the twenty-seven analysts that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, seventeen have given a hold rating and nine have issued a buy rating on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $92.75.

Several research firms have commented on DRI. Canaccord Genuity restated a “buy” rating and issued a $97.00 target price on shares of Darden Restaurants in a report on Wednesday, September 27th. Morgan Stanley restated an “equal weight” rating and issued a $88.00 target price (down previously from $93.00) on shares of Darden Restaurants in a report on Wednesday, September 27th. BMO Capital Markets restated a “market perform” rating and issued a $85.00 target price (down previously from $87.00) on shares of Darden Restaurants in a report on Wednesday, September 27th. Wells Fargo & Co cut their target price on shares of Darden Restaurants from $90.00 to $84.00 and set a “market perform” rating on the stock in a report on Wednesday, September 27th. Finally, Royal Bank of Canada cut their target price on shares of Darden Restaurants from $96.00 to $90.00 and set a “sector perform” rating on the stock in a report on Wednesday, September 27th.

A number of large investors have recently added to or reduced their stakes in DRI. Cipher Capital LP bought a new stake in Darden Restaurants in the second quarter valued at $417,000. Oppenheimer & Co. Inc. boosted its holdings in Darden Restaurants by 2.2% in the second quarter. Oppenheimer & Co. Inc. now owns 5,667 shares of the restaurant operator’s stock valued at $513,000 after acquiring an additional 121 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in Darden Restaurants by 1.8% in the second quarter. Oppenheimer Asset Management Inc. now owns 6,345 shares of the restaurant operator’s stock valued at $573,000 after acquiring an additional 114 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in Darden Restaurants by 0.3% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,238 shares of the restaurant operator’s stock valued at $835,000 after acquiring an additional 28 shares in the last quarter. Finally, Engineers Gate Manager LP boosted its holdings in shares of Darden Restaurants by 262.1% during the 2nd quarter. Engineers Gate Manager LP now owns 9,778 shares of the restaurant operator’s stock valued at $884,000 after buying an additional 7,078 shares in the last quarter. Institutional investors and hedge funds own 91.45% of the company’s stock.

Darden Restaurants (NYSE DRI) traded up $0.79 during mid-day trading on Monday, hitting $99.31. 1,303,000 shares of the company’s stock traded hands, compared to its average volume of 1,776,750. The stock has a market capitalization of $12,210.00, a P/E ratio of 25.02, a PEG ratio of 2.11 and a beta of 0.20. Darden Restaurants has a 52-week low of $71.01 and a 52-week high of $100.11. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.34 and a quick ratio of 0.20.

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Investors of record on Wednesday, January 10th will be issued a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 2.54%. The ex-dividend date of this dividend is Tuesday, January 9th. Darden Restaurants’s dividend payout ratio (DPR) is currently 63.48%.

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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).

Analyst Recommendations for Darden Restaurants (NYSE:DRI)

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