Recent Analysts’ Ratings Changes for Darden Restaurants (DRI)

Several brokerages have updated their recommendations and price targets on shares of Darden Restaurants (NYSE: DRI) in the last few weeks:

  • 4/12/2022 – Darden Restaurants is now covered by analysts at Citigroup Inc.. They set a “buy” rating and a $162.00 price target on the stock.
  • 3/28/2022 – Darden Restaurants was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
  • 3/25/2022 – Darden Restaurants had its price target lowered by analysts at Stephens from $176.00 to $160.00. They now have an “overweight” rating on the stock.
  • 3/25/2022 – Darden Restaurants had its price target lowered by analysts at Morgan Stanley from $171.00 to $161.00. They now have an “overweight” rating on the stock.
  • 3/25/2022 – Darden Restaurants had its price target lowered by analysts at Barclays PLC from $173.00 to $160.00. They now have an “overweight” rating on the stock.
  • 3/25/2022 – Darden Restaurants had its price target lowered by analysts at Cowen Inc from $175.00 to $155.00. They now have an “outperform” rating on the stock.
  • 3/25/2022 – Darden Restaurants had its price target lowered by analysts at Royal Bank of Canada from $153.00 to $151.00. They now have an “outperform” rating on the stock.
  • 3/25/2022 – Darden Restaurants had its price target lowered by analysts at Raymond James from $156.00 to $153.00. They now have an “outperform” rating on the stock.
  • 3/25/2022 – Darden Restaurants had its price target lowered by analysts at Credit Suisse Group AG from $180.00 to $175.00. They now have an “outperform” rating on the stock.
  • 3/25/2022 – Darden Restaurants had its price target lowered by analysts at Wedbush from $150.00 to $140.00. They now have a “neutral” rating on the stock.
  • 3/25/2022 – Darden Restaurants had its price target lowered by analysts at BMO Capital Markets from $155.00 to $140.00.
  • 3/25/2022 – Darden Restaurants had its price target lowered by analysts at Deutsche Bank Aktiengesellschaft from $154.00 to $152.00.
  • 3/23/2022 – Darden Restaurants was downgraded by analysts at TheStreet from a “b” rating to a “c+” rating.
  • 3/18/2022 – Darden Restaurants had its price target lowered by analysts at Oppenheimer Holdings Inc. from $185.00 to $175.00. They now have an “outperform” rating on the stock.
  • 3/17/2022 – Darden Restaurants had its price target lowered by analysts at KeyCorp from $170.00 to $160.00. They now have an “overweight” rating on the stock.

DRI stock opened at $131.45 on Friday. The company has a current ratio of 0.70, a quick ratio of 0.57 and a debt-to-equity ratio of 0.40. The stock has a 50-day moving average price of $134.67 and a 200-day moving average price of $142.31. The firm has a market cap of $16.40 billion, a PE ratio of 16.56, a price-to-earnings-growth ratio of 1.77 and a beta of 1.41. Darden Restaurants, Inc. has a 1-year low of $116.04 and a 1-year high of $164.28.

Darden Restaurants (NYSE:DRIGet Rating) last issued its earnings results on Thursday, March 24th. The restaurant operator reported $1.93 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.10 by ($0.17). The firm had revenue of $2.45 billion during the quarter, compared to analyst estimates of $2.50 billion. Darden Restaurants had a net margin of 11.17% and a return on equity of 36.26%. The business’s quarterly revenue was up 41.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.98 earnings per share. On average, analysts forecast that Darden Restaurants, Inc. will post 7.38 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, May 2nd. Stockholders of record on Friday, April 8th will be paid a $1.10 dividend. The ex-dividend date is Thursday, April 7th. This represents a $4.40 annualized dividend and a dividend yield of 3.35%. Darden Restaurants’s dividend payout ratio is presently 55.42%.

In other news, Director Juliana L. Chugg bought 1,925 shares of Darden Restaurants stock in a transaction dated Monday, March 28th. The stock was bought at an average cost of $129.01 per share, for a total transaction of $248,344.25. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.95% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in DRI. James Reed Financial Services Inc. acquired a new position in Darden Restaurants during the 4th quarter valued at about $26,000. FourThought Financial LLC acquired a new position in Darden Restaurants during the 4th quarter valued at about $31,000. Benjamin Edwards Inc. acquired a new position in Darden Restaurants during the 4th quarter valued at about $34,000. Glassman Wealth Services boosted its stake in Darden Restaurants by 220.5% during the 3rd quarter. Glassman Wealth Services now owns 234 shares of the restaurant operator’s stock valued at $35,000 after purchasing an additional 161 shares during the last quarter. Finally, Allegheny Financial Group LTD acquired a new position in Darden Restaurants during the 4th quarter valued at about $40,000. Institutional investors and hedge funds own 90.18% of the company’s stock.

Darden Restaurants, Inc is a full-service restaurant company, which engages in the provision of restaurant services. It operates through the following segments: Olive Garden, LongHorn Steakhouse, Fine Dining, and Other Business. The Olive Garden segment is the largest full-service dining Italian restaurant operator.

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