Analysts Set Darden Restaurants, Inc. (DRI) Price Target at $92.75

Shares of Darden Restaurants, Inc. (NYSE:DRI) have been given an average rating of “Hold” by the twenty-seven ratings firms that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, sixteen have assigned a hold recommendation and ten have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $95.18.

DRI has been the topic of a number of recent research reports. Robert W. Baird reaffirmed a “hold” rating and issued a $94.00 target price on shares of Darden Restaurants in a research report on Tuesday, September 19th. Oppenheimer reaffirmed a “buy” rating and issued a $100.00 target price on shares of Darden Restaurants in a research report on Wednesday, September 20th. Zacks Investment Research raised shares of Darden Restaurants from a “hold” rating to a “buy” rating and set a $94.00 target price on the stock in a research report on Friday, September 22nd. Maxim Group reaffirmed a “hold” rating and issued a $90.00 target price on shares of Darden Restaurants in a research report on Thursday, September 21st. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $90.00 target price (down from $96.00) on shares of Darden Restaurants in a research report on Friday, September 22nd.

Darden Restaurants (NYSE DRI) traded up $0.81 during trading hours on Monday, hitting $97.60. 1,277,395 shares of the stock were exchanged, compared to its average volume of 1,685,124. The stock has a market cap of $12,070.00, a P/E ratio of 24.58, a PEG ratio of 2.11 and a beta of 0.20. The company has a quick ratio of 0.20, a current ratio of 0.34 and a debt-to-equity ratio of 0.47. Darden Restaurants has a 12-month low of $71.43 and a 12-month high of $100.11.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 1st. Investors of record on Wednesday, January 10th will be given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 2.58%. The ex-dividend date is Tuesday, January 9th. Darden Restaurants’s dividend payout ratio (DPR) is 63.48%.

A number of hedge funds have recently made changes to their positions in the stock. Bruderman Asset Management LLC lifted its stake in Darden Restaurants by 0.4% during the 2nd quarter. Bruderman Asset Management LLC now owns 2,532 shares of the restaurant operator’s stock valued at $229,000 after acquiring an additional 10 shares during the period. D.A. Davidson & CO. lifted its stake in Darden Restaurants by 1.7% during the 2nd quarter. D.A. Davidson & CO. now owns 1,271 shares of the restaurant operator’s stock valued at $114,000 after acquiring an additional 21 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in Darden Restaurants by 0.3% during the 2nd 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 during the period. Argent Capital Management LLC lifted its stake in Darden Restaurants by 2.0% during the 2nd quarter. Argent Capital Management LLC now owns 5,125 shares of the restaurant operator’s stock valued at $464,000 after acquiring an additional 100 shares during the period. Finally, Oppenheimer Asset Management Inc. lifted its stake in Darden Restaurants by 1.8% during the 2nd 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 during the period. 91.45% of the stock is currently owned by institutional investors.

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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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