1 week Ago By Defense World Staff
Darden Restaurants, Inc. ( NYSE:DRI – Get Free Report ) has earned a consensus recommendation of “Moderate Buy” from the twenty-five brokerages that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and seventeen have issued a buy recommendation on the company.
The average 1 year price objective among brokers that have issued a report on the stock in the last year is $190.52. A number of equities analysts recently issued reports on DRI shares.
Morgan Stanley raised their price objective on shares of Darden Restaurants from $193.00 to $209.00 and gave the stock an “overweight” rating in a report on Monday, December 23rd.
KeyCorp boosted their price objective on shares of Darden Restaurants from $194.00 to $200.00 and gave the company an “overweight” rating in a research report on Friday, December 20th.
UBS Group raised their target price on Darden Restaurants from $195.00 to $210.00 and gave the stock a “buy” rating in a report on Friday, December 20th.
Barclays boosted their price objective on Darden Restaurants from $206.00 to $230.00 and gave the company an “overweight” rating in a research note on Tuesday, January 7th.
Finally, Sanford C. Bernstein raised Darden Restaurants from a “market perform” rating to an “outperform” rating and raised their price target for the company from $180.00 to $215.
00 in a report on Wednesday. Check Out Our Latest Analysis on Darden Restaurants Insiders Place Their Bets Institutional Inflows and Outflows A number of hedge funds and other institutional investors have recently made changes to their positions in DRI. Mizuho Securities USA LLC increased its position in shares of Darden Restaurants by 96,162.
9% in the 3rd quarter. Mizuho Securities USA LLC now owns 8,861,000 shares of the restaurant operator’s stock valued at $1,454,356,000 after acquiring an additional 8,851,795 shares during the period. State Street Corp grew its stake in Darden Restaurants by 0.
6% during the 3rd quarter. State Street Corp now owns 4,707,456 shares of the restaurant operator’s stock valued at $772,635,000 after purchasing an additional 26,601 shares during the last quarter. Charles Schwab Investment Management Inc.
grew its stake in Darden Restaurants by 3.6% during the 3rd quarter. Charles Schwab Investment Management Inc.
now owns 3,580,322 shares of the restaurant operator’s stock valued at $587,638,000 after purchasing an additional 123,900 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Darden Restaurants by 0.6% in the third quarter.
Geode Capital Management LLC now owns 2,806,113 shares of the restaurant operator’s stock valued at $459,216,000 after purchasing an additional 17,497 shares during the period. Finally, Raymond James & Associates raised its stake in shares of Darden Restaurants by 1.9% in the third quarter.
Raymond James & Associates now owns 2,352,608 shares of the restaurant operator’s stock worth $386,133,000 after purchasing an additional 44,464 shares during the last quarter. Hedge funds and other institutional investors own 93.64% of the company’s stock.
Darden Restaurants Trading Up 0.8 % Shares of DRI stock opened at $187.69 on Friday.
The company has a current ratio of 0.37, a quick ratio of 0.23 and a debt-to-equity ratio of 1.
02. Darden Restaurants has a 12-month low of $135.87 and a 12-month high of $189.
18. The stock has a market capitalization of $21.99 billion, a P/E ratio of 21.
50, a P/E/G ratio of 2.05 and a beta of 1.31.
The firm’s 50 day moving average is $177.44 and its 200 day moving average is $163.52.
Darden Restaurants ( NYSE:DRI – Get Free Report ) last released its quarterly earnings results on Thursday, December 19th. The restaurant operator reported $2.03 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $2.
03. The firm had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.
87 billion. Darden Restaurants had a return on equity of 50.12% and a net margin of 9.
01%. The company’s revenue for the quarter was up 6.0% on a year-over-year basis.
During the same period last year, the business posted $1.84 EPS. Research analysts expect that Darden Restaurants will post 9.
52 earnings per share for the current year. Darden Restaurants Dividend Announcement The business also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 10th will be issued a $1.
40 dividend. The ex-dividend date of this dividend is Friday, January 10th. This represents a $5.
60 dividend on an annualized basis and a dividend yield of 2.98%. Darden Restaurants’s dividend payout ratio is presently 64.
15%. About Darden Restaurants ( Get Free Report Darden Restaurants, Inc, together with its subsidiaries, owns and operates full-service restaurants in the United States and Canada. It operates under Olive Garden, LongHorn Steakhouse, Cheddar’s Scratch Kitchen, Yard House, The Capital Grille, Seasons 52, Bahama Breeze, Eddie V’s Prime Seafood, and Capital Burger brand names.
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