A statement released earlier today by Zacks Investment Research about Darden Restaurants, Inc. (NYSE:DRI) ups the target price to $69.00
- Updated: October 6, 2016
Yesterday Darden Restaurants, Inc. (NYSE:DRI) traded -0.73% lower at $61.13. The company’s 50-day moving average is $61.96 and its 200-day moving average is $63.83. The last closing price is down -4.25% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 564,283 shares of the stock were exchanged, down from an average trading volume of 1,847,940
Zacks Investment Research increased the target price of Darden Restaurants, Inc. (NYSE:DRI) to $69.00 indicating a possible upside of 0.13%.
Previously on 10/03/2016, Stifel reported on Darden Restaurants, Inc. (NYSE:DRI) lowered the target price from $53.00 to $50.00. At the time, this indicated a possible downside of -0.18%.
See Chart Below
Darden Restaurants, Inc. has a one year low of $53.38 and a one year high of $68.68 with a PE ratio of 21.09 Darden Restaurants, Inc.’s market capitalization is presently $0.
A total of 20 brokerages have issued a ratings update on Darden Restaurants, Inc.. Four brokerages rating the company a strong buy, eight brokerages rating the company a buy, fourteen brokerages rating the company a hold, two brokerages rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $71.10.
General Company Details For 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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