Brokerage Firm Rating on Darden Restaurants (DRI)

Darden Restaurants (DRI) : The consensus on Darden Restaurants (DRI) based on 16 analyst recommendation on the company stock is 2.5, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 4 which endorses a Sell on the stock. However, 6 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. 6 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 2 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 (DRI).

Darden Restaurants (DRI) : 14 Wall Street analysts covering Darden Restaurants (DRI) believe that the average level the stock could reach for the short term is $69.43. The maximum price target given is $80 and the minimum target for short term is around $53, hence the standard deviation is calculated at $7.44.


Company shares have received an average consensus rating of Hold for the current week Darden Restaurants (NYSE:DRI): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $62.00 and $61.66 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $62.73. The buying momentum continued till the end and the stock did not give up its gains. It closed at $62.67, notching a gain of 1.84% for the day. The total traded volume was 2,314,124 . The stock had closed at $61.54 on the previous day.

In a related news, Fogarty James P, director of Darden Restaurants Inc, had purchased 3,000 shares on July 7, 2016. The total value of the transaction was $185,100. The information was disclosed with the SEC in a Form 4 Filing. The information is based on open market trades at the market prices.Option exercises are not covered.

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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