Darden Restaurants (DRI) is Upgraded by Guggenheim to Buy

Darden Restaurants (DRI) was Upgraded by Guggenheim to ” Buy”. Earlier the firm had a rating of “Neutral ” on the company shares. Guggenheim advised their investors in a research report released on Dec 1, 2016.

Many Wall Street Analysts have commented on Darden Restaurants. Darden Restaurants was Downgraded by Credit Suisse to ” Neutral” on Nov 29, 2016. Darden Restaurants was Upgraded by Raymond James to ” Mkt Perform” on Oct 18, 2016.

On the company’s financial health, Darden Restaurants reported $0.88 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Oct 4, 2016. Analyst had a consensus of $0.82. The company had revenue of $17114.40 million for the quarter, compared to analysts expectations of $1719.41 million. The company’s revenue was up 914.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.68 EPS.

Darden Restaurants closed down -1.05 points or -1.42% at $72.88 with 23,54,370 shares getting traded on Tuesday. Post opening the session at $73, the shares hit an intraday low of $72.255 and an intraday high of $73.03 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

In a different news, on Oct 12, 2016, Danielle L. Kirgan (SVP, CHRO) sold 36,907 shares at $62.47 per share price. According to the SEC, 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, 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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