Darden Restaurants (DRI) PT Set at $94.00 by SunTrust Banks

Darden Restaurants (NYSE:DRI) received a $94.00 target price from research analysts at SunTrust Banks in a research report issued on Monday. The firm currently has a “hold” rating on the restaurant operator’s stock. SunTrust Banks’ price objective suggests a potential upside of 7.87% from the stock’s previous close.

A number of other brokerages have also recently commented on DRI. Robert W. Baird reiterated a “hold” rating and issued a $94.00 target price on shares of Darden Restaurants in a research report on Tuesday, September 19th. BidaskClub upgraded shares of Darden Restaurants from a “sell” rating to a “hold” rating in a research report on Friday, August 18th. Zacks Investment Research upgraded shares of Darden Restaurants from a “sell” rating to a “hold” rating in a research report on Monday, October 30th. Oppenheimer reiterated a “buy” rating and issued a $100.00 target price on shares of Darden Restaurants in a research report on Wednesday, September 20th. Finally, Wells Fargo & Company decreased 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 research report on Wednesday, September 27th. One analyst has rated the stock with a sell rating, seventeen have issued a hold rating and eight have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $88.73.

Shares of Darden Restaurants (NYSE:DRI) opened at $87.14 on Monday. Darden Restaurants has a fifty-two week low of $71.01 and a fifty-two week high of $95.22. The company has a current ratio of 0.38, a quick ratio of 0.24 and a debt-to-equity ratio of 0.45. The stock has a market cap of $10,686.61, a price-to-earnings ratio of 20.92, a PEG ratio of 1.89 and a beta of 0.22.

Darden Restaurants (NYSE:DRI) last posted its quarterly earnings data on Tuesday, September 26th. The restaurant operator reported $0.99 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.99. Darden Restaurants had a net margin of 6.60% and a return on equity of 26.06%. The company had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.93 billion. During the same period in the previous year, the firm posted $0.88 EPS. The firm’s revenue was up 12.9% compared to the same quarter last year. research analysts predict that Darden Restaurants will post 4.43 earnings per share for the current fiscal year.

Hedge funds have recently added to or reduced their stakes in the business. D.A. Davidson & CO. increased its position in shares of Darden Restaurants by 1.7% in the second 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. M&R Capital Management Inc. purchased a new position in shares of Darden Restaurants in the second quarter valued at about $108,000. Moisand Fitzgerald Tamayo LLC purchased a new position in shares of Darden Restaurants in the third quarter valued at about $115,000. Grove Bank & Trust increased its position in shares of Darden Restaurants by 155.6% in the third quarter. Grove Bank & Trust now owns 1,840 shares of the restaurant operator’s stock valued at $145,000 after acquiring an additional 1,120 shares during the period. Finally, First National Trust Co. purchased a new position in shares of Darden Restaurants in the second quarter valued at about $217,000. Hedge funds and other institutional investors own 91.94% of the company’s stock.

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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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