Shares of Darden Restaurants, Inc. (NYSE:DRI) have been assigned an average rating of “Hold” from the twenty-seven brokerages that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and nine have assigned a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $87.40.

A number of brokerages have issued reports on DRI. Royal Bank Of Canada decreased their target price on Darden Restaurants from $96.00 to $90.00 and set a “sector perform” rating for the company in a research report on Wednesday, September 27th. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and set a $100.00 target price on shares of Darden Restaurants in a research report on Wednesday, September 20th. BMO Capital Markets set a $80.00 target price on Darden Restaurants and gave the stock a “hold” rating in a research report on Thursday, October 19th. Jefferies Group LLC reaffirmed a “hold” rating and set a $82.00 target price (down previously from $90.00) on shares of Darden Restaurants in a research report on Wednesday, September 27th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $88.00 price objective (down from $93.00) on shares of Darden Restaurants in a research report on Wednesday, September 27th.

Hedge funds have recently made changes to their positions in the stock. M&R Capital Management Inc. bought a new position in Darden Restaurants during the second quarter worth about $108,000. D.A. Davidson & CO. boosted its holdings in Darden Restaurants by 1.7% during the second quarter. D.A. Davidson & CO. now owns 1,271 shares of the restaurant operator’s stock worth $114,000 after buying an additional 21 shares during the last quarter. Moisand Fitzgerald Tamayo LLC bought a new position in Darden Restaurants during the third quarter worth about $115,000. Farmers & Merchants Investments Inc. boosted its holdings in Darden Restaurants by 255.5% during the second quarter. Farmers & Merchants Investments Inc. now owns 1,422 shares of the restaurant operator’s stock worth $129,000 after buying an additional 1,022 shares during the last quarter. Finally, Huntington National Bank boosted its holdings in Darden Restaurants by 4.6% during the second quarter. Huntington National Bank now owns 1,578 shares of the restaurant operator’s stock worth $143,000 after buying an additional 70 shares during the last quarter. Hedge funds and other institutional investors own 90.36% of the company’s stock.

Darden Restaurants (NYSE:DRI) traded down $0.57 during trading hours on Friday, reaching $79.76. The company had a trading volume of 1,554,027 shares, compared to its average volume of 1,605,276. Darden Restaurants has a 12-month low of $71.01 and a 12-month high of $95.22. The firm has a market capitalization of $9,860.00, a P/E ratio of 19.92, a P/E/G ratio of 1.80 and a beta of 0.22. The company has a quick ratio of 0.24, a current ratio of 0.38 and a debt-to-equity ratio of 0.45.

Darden Restaurants (NYSE:DRI) last announced its earnings results on Tuesday, September 26th. The restaurant operator reported $0.99 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.99. The firm had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.93 billion. Darden Restaurants had a return on equity of 26.06% and a net margin of 6.60%. The company’s revenue was up 12.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.88 earnings per share. equities analysts predict that Darden Restaurants will post 4.43 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 1st. Investors of record on Tuesday, October 10th were given a $0.63 dividend. The ex-dividend date was Friday, October 6th. This represents a $2.52 dividend on an annualized basis and a yield of 3.16%. Darden Restaurants’s payout ratio is 64.62%.

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About Darden Restaurants

Darden Restaurants, Inc is a full-service restaurant company. The Company owned and operated 1,536 restaurants through its subsidiaries in the United States and Canada, as of May 29, 2016. The Company’s segments include Olive Garden, LongHorn Steakhouse, Fine Dining (which includes The Capital Grille, and Eddie V’s Prime Seafood and Wildfish Seafood Grille (Eddie V’s)) and Other Business (which includes Yard House, Seasons 52, Bahama Breeze, consumer-packaged goods and franchise revenues).

Analyst Recommendations for Darden Restaurants (NYSE:DRI)

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