Darden Restaurants (NYSE:DRI) has been assigned a $101.00 price target by equities research analysts at BMO Capital Markets in a report issued on Tuesday. The firm currently has a “hold” rating on the restaurant operator’s stock. BMO Capital Markets’ price target suggests a potential upside of 5.57% from the company’s current price.

Several other analysts also recently weighed in on DRI. Robert W. Baird reiterated an “outperform” rating and set a $104.00 target price (up from $94.00) on shares of Darden Restaurants in a research report on Wednesday. Credit Suisse Group restated a “market perform” rating and issued a $90.00 price objective (up from $82.00) on shares of Darden Restaurants in a report on Wednesday. They noted that the move was a valuation call. Maxim Group restated a “buy” rating and issued a $103.00 price objective (up from $93.00) on shares of Darden Restaurants in a report on Wednesday. Canaccord Genuity restated a “buy” rating and issued a $97.00 price objective on shares of Darden Restaurants in a report on Wednesday, September 27th. Finally, Morgan Stanley restated an “equal weight” rating and issued a $88.00 price objective (down from $93.00) on shares of Darden Restaurants in a report on Wednesday, September 27th. One research analyst has rated the stock with a sell rating, eighteen have issued a hold rating and eight have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $91.83.

Shares of Darden Restaurants (DRI) opened at $95.67 on Tuesday. Darden Restaurants has a 52-week low of $71.01 and a 52-week high of $98.29. The firm has a market capitalization of $11,880.00, a price-to-earnings ratio of 21.92, a PEG ratio of 1.98 and a beta of 0.22. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.24 and a current ratio of 0.38.

Darden Restaurants (NYSE:DRI) last released its earnings results on Tuesday, September 26th. The restaurant operator reported $0.99 earnings per share for the quarter, hitting the consensus estimate of $0.99. Darden Restaurants had a return on equity of 26.06% and a net margin of 6.60%. The business had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.93 billion. During the same period last year, the company earned $0.88 earnings per share. The business’s revenue for the quarter was up 12.9% compared to the same quarter last year. equities research analysts predict that Darden Restaurants will post 4.44 EPS for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of DRI. M&R Capital Management Inc. purchased a new position in Darden Restaurants in the second quarter valued at about $108,000. D.A. Davidson & CO. grew its stake in Darden Restaurants by 1.7% in the second 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 last quarter. Moisand Fitzgerald Tamayo LLC purchased a new position in Darden Restaurants in the third quarter valued at about $115,000. Grove Bank & Trust grew its stake in Darden Restaurants by 155.6% in the third 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 last quarter. Finally, Campbell & CO Investment Adviser LLC purchased a new position in Darden Restaurants in the third quarter valued at about $208,000. Institutional investors own 91.45% 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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