Darden Restaurants (DRI) is Reiterated by Stifel to Sell, Lowers Price Target to $ 50

Darden Restaurants (DRI) was Reiterated by Stifel to “Sell” while Lowering the Price Target of the company shares to $ 50 from a previous price target of $53 . Stifel advised their investors in a research report released on Oct 3, 2016.

Many Wall Street Analysts have commented on Darden Restaurants. Shares were Reiterated by Stifel on Oct 3, 2016 to “Sell” and Lowered the Price Target to $ 50 from a previous price target of $53 .Stifel Downgraded Darden Restaurants on Jul 26, 2016 to ” Sell”, Price Target of the shares are set at $53.Darden Restaurants was Downgraded by Wells Fargo to ” Market Perform” on Jul 13, 2016.

On the company’s financial health, Darden Restaurants reported $1.10 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jun 30, 2016. Analyst had a consensus of $1.09. The company had revenue of $1790.20 million for the quarter, compared to analysts expectations of $1817.58 million. The company’s revenue was down -4.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.08 EPS.

Darden Restaurants opened for trading at $60.61 and hit $61.495 on the upside on Friday, eventually ending the session at $61.32, with a gain of 1.14% or 0.69 points. The heightened volatility saw the trading volume jump to 23,00,325 shares. Company has a market cap of $7,740 M.

In a different news, on Jul 11, 2016, James P Fogarty (director) purchased 3,000 shares at $61.70 per share price. According to the SEC, on Apr 20, 2016, Alan N Stillman (director) sold 2,000 shares at $65.30 per share price. On Mar 14, 2016, Jeffrey C Smith (director) sold 370,566 shares at $67.69 per share price, according to the Form-4 filing with the securities and exchange commission.

Darden Restaurants Inc. is a full service restaurant company. The Company owns and operates more than 1500 restaurants. The Company’s restaurant brands include Olive Garden LongHorn Steakhouse Bahama Breeze Seasons 52 The Capital Grille Eddie V’s 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.

Darden Restaurants

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Darden Restaurants - Is it time to Sell?

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