Darden Restaurants (NYSE:DRI) : The consensus on Darden Restaurants (NYSE:DRI) based on 18 analyst recommendation on the company stock is 2.22, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 2 which endorses a Buy on the stock. However, 8 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 7 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on Darden Restaurants (NYSE:DRI).
Darden Restaurants (NYSE:DRI) : The highest short term price target forecast on Darden Restaurants (NYSE:DRI) is $80 and the lowest target price is $57. A total of 14 equity analysts are currently covering the company. The average price of all the analysts is $72.36 with a standard deviation of $6.31.
Company shares have received an average consensus rating of Hold for the current week Also, In a research note released to the investors, Tigress Financial upgrades its rating on Darden Restaurants (NYSE:DRI).The analysts at the brokerage house have a current rating of Buy on the shares. Earlier, the shares were rated a Neutral by the brokerage firm. The rating by the firm was issued on June 23, 2016.
Darden Restaurants (NYSE:DRI): stock turned positive on Tuesday. Though the stock opened at $65.2, the bulls momentum made the stock top out at $65.505 level for the day. The stock recorded a low of $64.47 and closed the trading day at $65.24, in the green by 0.46%. The total traded volume for the day was 2,236,442. The stock had closed at $64.94 in the previous days trading.
In an insider trading activity, The director, of Darden Restaurants Inc, Stillman Alan N had unloaded 2,000 shares at $65.3 per share in a transaction on April 12, 2016. The total value of transaction was $130,600. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
Darden Restaurants, Inc. is a full service restaurant company. The Company owns and operates more than 1,500 restaurants. The Companys restaurant brands include Olive Garden, LongHorn Steakhouse, Bahama Breeze, Seasons 52, The Capital Grille, Eddie Vs Prime Seafood, Wildfish Seafood Grill and Yard House. Through subsidiaries, the Company owns and operates all of its restaurants in the United States and Canada, except for three restaurants located in Florida and three restaurants in California, which are owned jointly by the Company and third parties, and managed by the Company, seven franchised restaurants in Puerto Rico and one Atlanta, Georgia airport location.