Analyst Price Target Update on Darden Restaurants (NYSE:DRI)

Darden Restaurants (NYSE:DRI): According to 14 Analysts, The short term target price has been estimated at $ 72.36.The target price could deviate by a maximum of $6.31 from the forecast price. In the near term, the target price could hit a high of $80 and a low of $ 57.

Many analysts have stated their opinion on the company shares. Bernstein initiates coverage on Darden Restaurants (NYSE:DRI).The analysts at the brokerage house have a current rating of Market Perform on the shares. The rating by the firm was issued on May 26, 2016. Company shares have received an average consensus rating of Hold for the current week

On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Darden Restaurants Inc, Stillman Alan N had sold 2,000 shares worth of $130,600 in a transaction dated April 12, 2016. In this transaction, 2,000 shares were sold at $65.3 per share.

Darden Restaurants (NYSE:DRI) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.08 points or 0.12% at $67.73 with 1,203,753 shares getting traded. Post opening the session at $67.53, the shares hit an intraday low of $67.34 and an intraday high of $68.15 and the price was in this range throughout the day. The company has a market cap of $8,583 million and the number of outstanding shares have been calculated to be 126,725,709 shares. The 52-week high of Darden Restaurants (NYSE:DRI) is $68.68 and the 52-week low is $53.38.

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.

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