Raymond James upgraded Darden Restaurants (NYSE:DRI) from Underperform to Mkt Perform in a statement released earlier today.
- Updated: October 18, 2016
Boasting a price of $62.57, Darden Restaurants (NYSE:DRI) traded 0.55% higher on the day. With the last stock price close down -1.58% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Darden Restaurants has recorded a 50-day average of $61.94 and a two hundred day average of $63.57. Volume of trade was up over the average, with 1,814,282 shares of DRI changing hands over the typical 1,716,210
Raymond James has upgraded Darden Restaurants (NYSE:DRI) from Underperform to Mkt Perform in a statement released on 10/18/2016.
On 10/06/2016, Zacks Investment Research released a statement for Darden Restaurants (NYSE:DRI) bumped up the target price from $0.00 to $69.00 that suggested an upside of 0.13%.
With a market cap of $0, Darden Restaurants has 52 week low of $53.38 and a 52 week high of $68.68 with a P/E ratio of 20.20 .
In addition to Raymond James reporting its target price, a total of 20 firms have issued a report on the stock. The consensus target price is $71.10 with 4 firms rating the stock a strong buy, 8 firms rating the stock a buy, 14 firms rating the stock a hold, 2 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
General Information 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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