Shares of Darden Restaurants, Inc. (NYSE:DRI) have received an average rating of “Hold” from the twenty-six analysts that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, sixteen have issued a hold recommendation and nine have given a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $89.10.

Several equities research analysts have issued reports on DRI shares. ValuEngine raised Darden Restaurants from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Robert W. Baird reaffirmed a “hold” rating and set a $94.00 price target on shares of Darden Restaurants in a research note on Tuesday, September 19th. Oppenheimer reaffirmed a “buy” rating and set a $100.00 price target on shares of Darden Restaurants in a research note on Wednesday, September 20th. Zacks Investment Research raised Darden Restaurants from a “hold” rating to a “buy” rating and set a $94.00 price target for the company in a research note on Friday, September 22nd. Finally, Maxim Group reaffirmed a “hold” rating and set a $90.00 price target on shares of Darden Restaurants in a research note on Thursday, September 21st.

Darden Restaurants (DRI) traded up $1.46 during trading hours on Thursday, reaching $88.41. The company had a trading volume of 3,070,000 shares, compared to its average volume of 1,520,000. The company has a market capitalization of $10,930.00, a price-to-earnings ratio of 21.41, a price-to-earnings-growth ratio of 1.93 and a beta of 0.22. Darden Restaurants has a 12 month low of $71.01 and a 12 month high of $95.22. 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 posted its quarterly earnings data on Tuesday, September 26th. The restaurant operator reported $0.99 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.99. Darden Restaurants had a return on equity of 26.06% and a net margin of 6.60%. The company had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.93 billion. During the same quarter last year, the company earned $0.88 earnings per share. The firm’s quarterly revenue was up 12.9% on a year-over-year basis. equities analysts predict that Darden Restaurants will post 4.44 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Investors of record on Wednesday, January 10th will be issued a dividend of $0.63 per share. The ex-dividend date of this dividend is Tuesday, January 9th. This represents a $2.52 dividend on an annualized basis and a yield of 2.85%. Darden Restaurants’s dividend payout ratio is presently 64.62%.

A number of large investors have recently made changes to their positions in DRI. M&R Capital Management Inc. purchased a new position in Darden Restaurants during the 2nd quarter valued at about $108,000. D.A. Davidson & CO. increased its holdings in Darden Restaurants by 1.7% during the 2nd quarter. D.A. Davidson & CO. now owns 1,271 shares of the restaurant operator’s stock valued at $114,000 after purchasing an additional 21 shares during the period. Moisand Fitzgerald Tamayo LLC purchased a new position in Darden Restaurants during the 3rd quarter valued at about $115,000. Grove Bank & Trust increased its holdings in Darden Restaurants by 155.6% during the 3rd quarter. Grove Bank & Trust now owns 1,840 shares of the restaurant operator’s stock valued at $145,000 after purchasing an additional 1,120 shares during the period. Finally, Campbell & CO Investment Adviser LLC purchased a new position in Darden Restaurants during the 3rd quarter valued at about $208,000. Institutional investors own 91.94% of the company’s stock.

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Darden Restaurants Company Profile

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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