Darden Restaurants (NYSE: DRI) received a number of price target changes and ratings updates during the last week:
- Darden Restaurants had its “overweight” rating reaffirmed by analysts at Barclays Capital. They now have a $54.00 price target on the stock.
- Darden Restaurants was upgraded by analysts at Janney Montgomery Scott from a “neutral” rating to a “buy” rating.
- Darden Restaurants had its price target lowered by analysts at Jefferies Group from $47.00 to $44.00. They now have a “hold” rating on the stock. They wrote, “Ahead of next week’s investor meeting, DRI released a F3Q EPS outlook that came in below consensus as SSS slowed. Although we believe most of the deceleration is due to the impact of tax changes/refund delays & weather, we have very little visibility on a NT operating turnaround. We lowered EPS & PT, and maintain our Hold rating as we believe the 4% dividend yield is sustainable & provides support at these levels.”
- Darden Restaurants had its price target lowered by analysts at Jefferies & Co. from $47.00 to $44.00. They now have a “hold” rating on the stock.
- Darden Restaurants had its price target lowered by analysts at Oppenheimer to $51.00. They now have an “outperform” rating on the stock.
- Darden Restaurants had its price target lowered by analysts at Susquehanna from $42.00 to $40.00. They now have a “neutral” rating on the stock.
Shares of Darden Restaurants opened at 45.79 on Wednesday. Darden Restaurants has a 52 week low of $44.11 and a 52 week high of $57.93. The stock’s 50-day moving average is currently $45.89. The company has a market cap of $5.923 billion and a P/E ratio of 13.08.
Darden Restaurants, Inc. (Darden) is a company owned and full-service restaurant company. As of May 27, 2012, the Company operated through subsidiaries 1,994 restaurants in the United States and Canada.
