A report released today by Zacks Investment Research about Darden Restaurants, Inc. (NYSE:DRI) bumps the target price to $83.00
- Updated: November 29, 2016
Yesterday Darden Restaurants, Inc. (NYSE:DRI) traded -1.42% lower at $73.93. Darden Restaurants, Inc.’s 50-day average is $66.59 and its two hundred day average is $64.26. With the last stock price up 13.41% relative to the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.03% over the same period. Trade Volume was up over the average, with 2,354,370 shares of DRI changing hands over the typical 1,721,130
Zacks Investment Research bumped up the target price of Darden Restaurants, Inc. (NYSE:DRI) to $83.00 indicating a possible upside of 0.12%.
Previously on 11/28/2016, Maxim Group reported on Darden Restaurants, Inc. (NYSE:DRI) held steady the target price at $74.00. At the time, this indicated a possible downside of -0.01%.
Recent Performance Chart
Darden Restaurants, Inc. has PE ratio of 23.53 with a one year low of $55.01 and a one year high of $74.99 and has a market capitalization of $0.
A total of 20 brokerages have issued a research note on the company. 4 brokerages rating the stock a strong buy, 8 brokerages rating the stock a buy, 14 brokerages rating the stock a hold, 2 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell with a average stock price target of $71.10.
Brief Synopsis On Darden Restaurants, Inc. (NYSE:DRI)
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). As of May 29, 2016, the Company also had 50 restaurants operated by independent third parties pursuant to area development and franchise agreements. Olive Garden's menu includes a range of authentic Italian foods featuring fresh ingredients and a selection of imported Italian wines. LongHorn Steakhouse restaurants feature a range of menu items, including fresh steaks and chicken, as well as salmon, shrimp, ribs, pork chops, burgers and prime rib.
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