In a report released on January 25, Christopher Carril from RBC Capital maintained a Buy rating on Darden (DRI – Research Report), with a price target of $185.00. The company’s shares closed yesterday at $160.99.
According to TipRanks, Carril is a 5-star analyst with an average return of 9.4% and a 67.25% success rate. Carril covers the Consumer Cyclical sector, focusing on stocks such as McDonald’s, Brinker International, and Chipotle.
In addition to RBC Capital, Darden also received a Buy from J.P. Morgan’s John Ivankoe in a report issued on January 23. However, on January 11, Wells Fargo maintained a Hold rating on Darden (NYSE: DRI).
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Based on Darden’s latest earnings release for the quarter ending November 30, the company reported a quarterly revenue of $2.73 billion and a net profit of $212.1 million. In comparison, last year the company earned a revenue of $2.49 billion and had a net profit of $187.2 million
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Darden (DRI) Company Description:
Darden Restaurants, Inc. is a full-service restaurant company, which engages in the provision of restaurant services. It operates through the following segments: Olive Garden, LongHorn Steakhouse, Fine Dining, and Other Business. The Olive Garden segment is the largest full-service dining Italian restaurant operator. The LongHorn Steakhouse segment includes the results of the company-owned LongHorn Steakhouse restaurants. The Fine Dining segment comprises of the premium brands that operate within the fine-dining sub-segment of full-service dining and includes the results of its company-owned The Capital Grille and Eddie V’s restaurants. The Other Business segment aggregates the remaining brands and includes the results of its company-owned Cheddar’s Scratch Kitchen, Yard House, Seasons 52 and Bahama Breeze restaurants; and from franchises and consumer-packaged goods sales. The company was founded by William B. Darden in 1938 and is headquartered in Orlando, FL.
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