Darden Restaurants (NYSE:DRI)‘s stock had its “market perform” rating reissued by equities research analysts at Wells Fargo & Co in a research note issued to investors on Tuesday, The Fly reports. They presently have a $99.00 price target on the restaurant operator’s stock, up from their previous price target of $92.00. Wells Fargo & Co’s price objective suggests a potential upside of 0.22% from the stock’s current price.
A number of other brokerages also recently weighed in on DRI. Credit Suisse Group dropped their target price on Darden Restaurants from $85.00 to $82.00 and set a “neutral” rating on the stock in a report on Wednesday, September 27th. SunTrust Banks set a $94.00 target price on Darden Restaurants and gave the company a “hold” rating in a report on Monday, December 11th. Zacks Investment Research downgraded Darden Restaurants from a “buy” rating to a “hold” rating in a report on Monday, December 18th. Stifel Nicolaus started coverage on Darden Restaurants in a report on Monday, October 2nd. They issued a “buy” rating and a $92.00 target price on the stock. Finally, Maxim Group reiterated a “hold” rating and issued a $90.00 target price on shares of Darden Restaurants in a report on Thursday, September 21st. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and ten have given a buy rating to the stock. Darden Restaurants presently has an average rating of “Hold” and an average target price of $94.73.
Shares of Darden Restaurants (NYSE DRI) opened at $98.78 on Tuesday. The stock has a market capitalization of $12,220.00, a PE ratio of 24.88, a price-to-earnings-growth ratio of 2.11 and a beta of 0.20. Darden Restaurants has a twelve month low of $71.01 and a twelve month high of $100.11. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.20 and a current ratio of 0.34.
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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).
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