Darden Restaurants (NYSE:DRI) target price lowered to $50.00, issued a report today by Stifel
- Updated: October 2, 2016
Darden Restaurants (NYSE:DRI) had its price target dropped to $50.00 by Stifel in an issued report announced Monday October 03, 2016. The latest stock price target implies a possible downside of -0.18% based on the company's most recent stock price close.
Boasting a price of $61.32, Darden Restaurants (NYSE:DRI) traded 1.14% higher on the day. With the last stock price close down -4.15% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. The company has recorded a 50-day moving average of $62.04 and a 200-day moving average of $63.97. 2,300,425 shares of the stock were exchanged, up from an average trading volume of 1,821,770
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Darden Restaurants has a price-earnings ratio of 21.16 with a one year low of $53.38 and a 52 week high of $68.97 Darden Restaurants’s market capitalization is presently $0.
A total of 20 equity analysts have released a report on Darden Restaurants. Four analysts rating the stock a strong buy, 8 firms rating the stock a buy, 14 brokers rating the stock a hold, two equity analysts rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $71.10.
More About Darden Restaurants (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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