Raymond James Financial Inc. upgraded Darden Restaurants, Inc. (NYSE:DRI) to Market Perform in a statement released earlier today.
- Updated: October 19, 2016
Raymond James Financial Inc. has upgraded Darden Restaurants, Inc. (NYSE:DRI) to Market Perform in a report released on 10/18/2016.
Just yesterday Darden Restaurants, Inc. (NYSE:DRI) traded 0.74% higher at $63.37. DRI’s 50-day average is $61.99 and its two hundred day average is $63.54. With the last close down -0.81% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the date range. Trading volume was down over the average, with 1,204,590 shares of DRI changing hands under the typical 1,710,580
Recent Performance Chart
With a total market value of $0, Darden Restaurants, Inc. has 52 week low of $53.38 and a 52 week high of $68.68 with a P/E ratio of 20.35 .
In addition to Raymond James Financial Inc. reporting its target price, a total of 20 brokers have issued a report on Darden Restaurants, Inc.. The 12-month price target is $71.10 with four brokerages rating the company a strong buy, eight equity analysts rating the company a buy, fourteen analysts rating the company a hold, two analysts rating the company a underperform, and finally 0 firms rating the stock 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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