Darden Restaurants, Inc. (NYSE:DRI) has been upgraded to Buy in a statement by Guggenheim today.
- Updated: December 1, 2016
Just yesterday Darden Restaurants, Inc. (NYSE:DRI) traded 0.58% higher at $73.30. The company’s 50-day moving average is $66.89 and its 200-day moving average is $64.33. The last stock close price is up 13.94% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time. 2,509,785 shares of the stock were exchanged, up from an average trading volume of 1,738,150
Guggenheim has upgraded Darden Restaurants, Inc. (NYSE:DRI) to Buy in a report released on 12/01/2016.
Previously on 11/29/2016, Zacks Investment Research reported on Darden Restaurants, Inc. (NYSE:DRI) increased the target price from $0.00 to $83.00. At the time, this indicated a possible upside of 0.12%.
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Darden Restaurants, Inc. has a 52 week low of $55.01 and a 52 week high of $74.99 with a P/E ratio of 23.67 The company’s market cap is currently $0.
In addition to Guggenheim reporting its target price, a total of 20 firms have issued a report on the stock. The consensus target price is $71.10 with 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 lastly zero brokerages rating the company a sell.
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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