Zacks Investment Research downgraded Darden Restaurants, Inc. (NYSE:DRI) to Sell in a report released today.
- Updated: September 20, 2016
Zacks Investment Research has downgraded Darden Restaurants, Inc.(NYSE:DRI) to Sell in a statement released on 9/20/2016.
Displaying a price of $61.37, Darden Restaurants, Inc. (NYSE:DRI) traded 0.26% higher on the day. The last close is down 4.18% relative to the 200-day average, compared with the S&P 500 which has decreased -0.01% over the same time. Darden Restaurants, Inc. has logged a 50-day moving average of $62.00 and 200-day moving average of $64.24. Volume of trade was was down over the average, with 604,116 shares of DRI changing hands under the typical 2,032,950 shares.
With a market capitalization of $0.0, 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.
In addition to Zacks Investment Research reporting its stock price target, a total of 20 equity analysts have released a research note on the company. The 12-month target price is $71.10 with four firms rating the stock a strong buy, eight analysts rating the company a buy, 14 analyts rating the stock a hold, two brokerages rating the stock to underperform, and finally 0 firmsrating the stock as sell.
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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