Oppenheimer Holdings, Inc. reiterated their outperform rating on shares of Darden Restaurants, Inc. (NYSE:DRI) in a research note released on Thursday. The brokerage currently has a $100.00 target price on the restaurant operator’s stock. Oppenheimer Holdings also issued estimates for Darden Restaurants’ Q2 2018 earnings at $0.71 EPS, Q4 2018 earnings at $1.27 EPS, FY2018 earnings at $4.47 EPS and FY2019 earnings at $5.00 EPS.

Other equities research analysts also recently issued reports about the company. J P Morgan Chase & Co restated a neutral rating and set a $93.00 price objective (up from $82.00) on shares of Darden Restaurants in a report on Wednesday, June 28th. Jefferies Group LLC lifted their price objective on Darden Restaurants from $80.00 to $90.00 and gave the stock a hold rating in a report on Wednesday, June 28th. Maxim Group restated a hold rating and set a $90.00 price objective on shares of Darden Restaurants in a report on Wednesday, June 21st. Royal Bank Of Canada lifted their price objective on Darden Restaurants from $86.00 to $96.00 and gave the stock a sector perform rating in a report on Wednesday, June 28th. Finally, Goldman Sachs Group, Inc. (The) restated a neutral rating and set a $87.00 price objective (up from $81.00) on shares of Darden Restaurants in a report on Wednesday, June 28th. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and ten have assigned a buy rating to the stock. Darden Restaurants presently has a consensus rating of Hold and a consensus price target of $84.86.

Shares of Darden Restaurants (NYSE:DRI) opened at 78.78 on Thursday. Darden Restaurants has a 12-month low of $60.16 and a 12-month high of $95.22. The firm has a market capitalization of $9.86 billion, a P/E ratio of 20.40 and a beta of 0.27. The stock has a 50 day moving average price of $82.69 and a 200 day moving average price of $84.83.

Darden Restaurants (NYSE:DRI) last posted its quarterly earnings data on Tuesday, September 26th. The restaurant operator reported $0.99 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.99. Darden Restaurants had a return on equity of 26.06% and a net margin of 6.60%. The company had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.93 billion. During the same period in the previous year, the business earned $0.88 EPS. Darden Restaurants’s revenue for the quarter was up 12.9% compared to the same quarter last year. Equities analysts anticipate that Darden Restaurants will post $4.45 earnings per share for the current fiscal year.

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The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 1st. Shareholders of record on Tuesday, October 10th will be paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 3.20%. The ex-dividend date is Friday, October 6th. Darden Restaurants’s payout ratio is currently 65.12%.

A number of institutional investors have recently made changes to their positions in the business. Honkamp Krueger Financial Services Inc. raised its stake in Darden Restaurants by 0.3% during the 2nd quarter. Honkamp Krueger Financial Services Inc. now owns 2,788 shares of the restaurant operator’s stock valued at $252,000 after acquiring an additional 9 shares in the last quarter. Bruderman Asset Management LLC raised its stake in Darden Restaurants by 0.4% during the 2nd quarter. Bruderman Asset Management LLC now owns 2,532 shares of the restaurant operator’s stock valued at $229,000 after acquiring an additional 10 shares in the last quarter. Wedbush Securities Inc. raised its stake in Darden Restaurants by 0.5% during the 2nd quarter. Wedbush Securities Inc. now owns 3,195 shares of the restaurant operator’s stock valued at $289,000 after acquiring an additional 15 shares in the last quarter. D.A. Davidson & CO. raised its stake in Darden Restaurants by 1.7% during the 2nd quarter. D.A. Davidson & CO. now owns 1,271 shares of the restaurant operator’s stock valued at $114,000 after acquiring an additional 21 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Darden Restaurants by 0.3% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,238 shares of the restaurant operator’s stock valued at $835,000 after acquiring an additional 28 shares in the last quarter. 88.65% of the stock is currently 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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