Darden Restaurants (DRI): Price Target and June Short Interest Disclosure

Darden Restaurants (DRI) : The consensus price target for Darden Restaurants (DRI) is $70.69 for the short term with a standard deviation of $5.98. The most optimist securities analyst among the 13 who monitor the stock believes that the stock can reach $80, however, the pessimist price target for the company is $57.

Darden Restaurants (DRI), According to the latest information the short interest in Darden Restaurants shot up by 7.4% or 1,050,204 shares. The final shorts are 12.1% of the total floated shares. The positions increased from 14,140,734 shares on June 15,2016 to 15,190,938 on June 30,2016. According to the per-day average trading of 2,633,979 shares, the days to cover are 6. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, In the latest statement by the brokerage house, Tigress Financial upgrades its outlook on Darden Restaurants (NYSE:DRI). The current rating of the shares is Buy, according to the research report released by the firm. Previously, the company had a rating of Neutral. The rating by the firm was issued on June 23, 2016.


Darden Restaurants (NYSE:DRI): stock turned positive on Thursday. Though the stock opened at $63.17, the bulls momentum made the stock top out at $63.87 level for the day. The stock recorded a low of $62.85 and closed the trading day at $63.15, in the green by 0.75%. The total traded volume for the day was 3,176,365. The stock had closed at $62.68 in the previous days trading.

Darden Restaurants, Inc. is a full service restaurant company. The Company owns and operates more than 1,500 restaurants. The Companys restaurant brands include Olive Garden, LongHorn Steakhouse, Bahama Breeze, Seasons 52, The Capital Grille, Eddie Vs Prime Seafood, Wildfish Seafood Grill and Yard House. Through subsidiaries, the Company owns and operates all of its restaurants in the United States and Canada, except for three restaurants located in Florida and three restaurants in California, which are owned jointly by the Company and third parties, and managed by the Company, seven franchised restaurants in Puerto Rico and one Atlanta, Georgia airport location.

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