Zacks Investment Research upgraded Darden Restaurants, Inc. (NYSE:DRI) to Hold in a report released today.
- Updated: September 27, 2016
Zacks Investment Research has upgraded Darden Restaurants, Inc. (NYSE:DRI) to Hold in a report released on Tuesday September 27, 2016.
Yesterday Darden Restaurants, Inc. (NYSE:DRI) traded -0.92% lower at $62.47. The company’s 50-day moving average is $62.15 and its 200-day moving average is $64.11. The last stock close price is down -2.56% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 1,273,667 shares of the stock were exchanged, down from an average trading volume of 1,990,070
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Darden Restaurants, Inc. has a 52 week low of $53.38 and a 52 week high of $69.25 with a P/E ratio of 21.56 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its target price, a total of 20 firms have reported 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.
About 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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