Darden Restaurants, Inc. (NYSE:DRI)‘s stock had its “buy” rating reissued by equities researchers at Oppenheimer Holdings, Inc. in a report issued on Wednesday. They currently have a $100.00 price target on the restaurant operator’s stock. Oppenheimer Holdings, Inc.’s price target suggests a potential upside of 20.03% from the stock’s previous close.

Other analysts also recently issued reports about the company. Canaccord Genuity reissued a “buy” rating and issued a $102.00 price objective on shares of Darden Restaurants in a research note on Friday, June 9th. Bank of America Corporation set a $80.00 price objective on Darden Restaurants and gave the stock a “buy” rating in a research note on Monday, June 26th. Zacks Investment Research raised Darden Restaurants from a “hold” rating to a “buy” rating and set a $100.00 price objective for the company in a research note on Tuesday, July 11th. BidaskClub downgraded Darden Restaurants from a “strong-buy” rating to a “buy” rating in a research note on Sunday, July 16th. Finally, ValuEngine raised Darden Restaurants from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Two analysts have rated the stock with a sell rating, nineteen have given a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $85.18.

Darden Restaurants (DRI) traded up 0.24% on Wednesday, reaching $83.51. The company’s stock had a trading volume of 602,861 shares. The firm’s 50-day moving average price is $82.69 and its 200 day moving average price is $84.83. The company has a market cap of $10.47 billion, a P/E ratio of 21.96 and a beta of 0.27. Darden Restaurants has a 52-week low of $60.16 and a 52-week high of $95.22. Darden Restaurants also was the target of unusually large options trading on Monday. Traders acquired 25,604 call options on the company. This is an increase of 1,415% compared to the typical daily volume of 1,690 call options.

Darden Restaurants (NYSE:DRI) last posted its quarterly earnings results on Tuesday, June 27th. The restaurant operator reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $1.15 by $0.03. The business had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.86 billion. Darden Restaurants had a return on equity of 26.18% and a net margin of 6.68%. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.10 EPS. Equities analysts anticipate that Darden Restaurants will post $4.47 EPS for the current fiscal year.

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In other news, insider Eugene I. Lee, Jr. sold 93,125 shares of the firm’s stock in a transaction on Thursday, June 29th. The stock was sold at an average price of $91.58, for a total value of $8,528,387.50. Following the completion of the transaction, the insider now directly owns 165,062 shares of the company’s stock, valued at $15,116,377.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.63% of the stock is owned by company insiders.

Several institutional investors have recently bought and sold shares of the company. Honkamp Krueger Financial Services Inc. boosted its holdings in shares of Darden Restaurants by 0.3% in the second quarter. Honkamp Krueger Financial Services Inc. now owns 2,788 shares of the restaurant operator’s stock worth $252,000 after acquiring an additional 9 shares during the period. Bruderman Asset Management LLC boosted its holdings in shares of Darden Restaurants by 0.4% in the second quarter. Bruderman Asset Management LLC now owns 2,532 shares of the restaurant operator’s stock worth $229,000 after acquiring an additional 10 shares during the period. Wedbush Securities Inc. boosted its holdings in shares of Darden Restaurants by 0.5% in the second quarter. Wedbush Securities Inc. now owns 3,195 shares of the restaurant operator’s stock worth $289,000 after acquiring an additional 15 shares during the period. D.A. Davidson & CO. boosted its holdings in shares of Darden Restaurants by 1.7% in the second quarter. D.A. Davidson & CO. now owns 1,271 shares of the restaurant operator’s stock worth $114,000 after acquiring an additional 21 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of Darden Restaurants by 0.3% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,238 shares of the restaurant operator’s stock worth $835,000 after acquiring an additional 28 shares during the period. 88.65% of the stock is owned by hedge funds and other institutional investors.

About Darden Restaurants

Darden Restaurants, Inc is a full-service restaurant company. The Company owned and operated 1,536 restaurants through its subsidiaries in the United States and Canada, as of May 29, 2016. The Company’s segments include Olive Garden, LongHorn Steakhouse, Fine Dining (which includes The Capital Grille, and Eddie V’s Prime Seafood and Wildfish Seafood Grille (Eddie V’s)) and Other Business (which includes Yard House, Seasons 52, Bahama Breeze, consumer-packaged goods and franchise revenues).

Analyst Recommendations for Darden Restaurants (NYSE:DRI)

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