Impact of Brokerage Rating on Darden Restaurants, Inc.(DRI)

Many Darden Restaurants, Inc.(DRI) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Darden Restaurants was Upgraded by Argus to Buy on Jan 5, 2017. Darden Restaurants was Upgraded by Guggenheim to Buy on Dec 1, 2016. Darden Restaurants was Downgraded by Credit Suisse to Neutral on Nov 29, 2016.

Company has reported several Insider transactions to the SEC, on Oct 12, 2016, Danielle L. Kirgan (SVP, CHRO) sold 36,907 shares at 62.47 per share price.On Jul 11, 2016, James P Fogarty (director) purchased 3,000 shares at 61.70 per share price.On Apr 20, 2016, Alan N Stillman (director) sold 2,000 shares at 65.30 per share price.

Darden Restaurants Last issued its quarterly earnings results on Dec 20, 2016. The company reported $0.64 EPS for the quarter. Analyst had a consensus estimate of $0.64. The company had revenue of $1642.50 million for the quarter, compared to analysts expectations of $1648.60 million. The companys revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.54 EPS.

Darden Restaurants, Inc. (NYSE:DRI) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 2.38 by 16 Brokerage Firm. 6 Wall Street Firms have rated the stock as a strong buys. 9 Brokerage Firms have advised hold. 1 Analysts have rated it as strong sell.

Darden Restaurants, Inc. (NYSE:DRI) shares are expected to touch $73.36 in the short term. This short term price target has been shared by 14 analysts. However, the standard deviation of short term price estimate has been valued at 8.53. The target price could hit $85 on the higher end and $55 on the lower end.

Darden Restaurants, Inc. (NYSE:DRI) rose 0.21% or 0.16 points on Tuesday and made its way into the gainers of the day. After trading began at $75.36 the stock was seen hitting $76.25 as a peak level and $74.85 as the lowest level. The stock ended up at $76.24. The daily volume was measured at 1,057,107 shares. The 52-week high of the share price is $79.43 and the 52-week low is $58.66. The company has a market cap of $9,466 million.

Darden Restaurants, Inc. is the worlds largest casual dining restaurant company based on market share, sales and number of company-owned and operated restaurants. Darden through its subsidiaries, engages in the ownership and operation of casual dining restaurants in the United States and Canada.


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