Miller Tabak Raises Price Target on Darden Restaurants (DRI)
Research analysts at Miller Tabak raised their target price on shares of Darden Restaurants (NYSE: DRI) from $58.00 to $66.00 in a report released on Wednesday. The firm currently has a “buy” rating on the stock.
Darden Restaurants traded down 0.23% on Wednesday, hitting $51.54. Darden Restaurants has a 1-year low of $40.69 and a 1-year high of $55.84. The company has a market cap of $6.631 billion and a price-to-earnings ratio of 15.11.
Darden Restaurants last released its earnings data on Friday, March 23rd. The company reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.02. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. Analysts expect that Darden Restaurants will post $0.90 EPS next quarter.
A number of other analysts have also recently weighed in on DRI. Analysts at Wells Fargo & Co. (NYSE: WFC) initiated coverage on shares of Darden Restaurants in a research note to investors on Friday, May 11st. They set an “outperform” rating on the stock. Separately, analysts at Zacks upgraded shares of Darden Restaurants from an “underperform” rating to a “neutral” rating in a research note to investors on Monday, April 2nd. They now have a $54.00 price target on the stock. Finally, analysts at Raymond James (NYSE: RJF) downgraded shares of Darden Restaurants from an “outperform” rating to a “market perform” rating in a research note to investors on Monday, April 2nd.
Darden Restaurants, Inc. (Darden) is a full-service restaurant company. As of May 29, 2011, the Company operated, through its subsidiaries 1,894 restaurants in the United States and Canada.