A number of firms have modified their ratings and price targets on shares of Darden Restaurants (NYSE: DRI) recently:
Shares of Darden Restaurants Inc. (NYSE:DRI) traded up 0.905% during mid-day trading on Wednesday, reaching $62.965. 977,406 shares of the company’s stock traded hands. The firm has a 50-day moving average of $61.93 and a 200 day moving average of $63.69. The company has a market cap of $7.75 billion, a P/E ratio of 20.331 and a beta of 0.41. Darden Restaurants Inc. has a 12-month low of $53.38 and a 12-month high of $68.68.
Darden Restaurants (NYSE:DRI) last posted its earnings results on Tuesday, October 4th. The restaurant operator reported $0.88 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.06. Darden Restaurants had a net margin of 5.73% and a return on equity of 24.97%. The firm earned $1.71 billion during the quarter. During the same quarter in the previous year, the company earned $0.68 EPS. The business’s revenue was up 1.6% compared to the same quarter last year. Equities analysts forecast that Darden Restaurants Inc. will post $3.92 EPS for the current year.