Darden Restaurants, Inc. (NYSE:DRI) has been upgraded to Hold in a report by Zacks Investment Research today.
- Updated: September 17, 2016
Yesterday Darden Restaurants, Inc. (NYSE:DRI) traded 0.27% lower at $61.43. DRI’s 50-day average is $62.01 and its 200-day moving average is $64.26. The last stock price close is down 3.60% from the 200-day moving average, compared with the Standard & Poor’s 500 Index which has fallen -0.01% over the same time period. Trade volume was was up over the average, with 2,940,965 shares of DRI changing hands over the typical 2,041,390 shares..
Zacks Investment Research has upgraded Darden Restaurants, Inc.(NYSE:DRI) to Hold in a report released 8/22/2016.
A total of 20 analysts have issued a report on Darden Restaurants, Inc.. Four analysts rate the stock a strong buy, eight firms rate the stock a buy, 14 firms rate the company a hold, two analysts rate the company to underperform, and lastly 0 firmsrate the stock as sell with a consensus target price of $71.10
Darden Restaurants, Inc. has a P/E of 21 with a 52 week low of $53.38 and a 52 week high of $72.11. Darden Restaurants, Inc.’s market cap is currently $0.0.
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, and burgers and prime rib.
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