Darden Restaurants (NYSE:DRI) posted its earnings results on Thursday. The restaurant operator reported ($1.24) EPS for the quarter, topping the Zacks’ consensus estimate of ($1.64) by $0.40, MarketWatch Earnings reports. The company had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.27 billion. Darden Restaurants had a positive return on equity of 16.68% and a negative net margin of 0.67%. Darden Restaurants’s quarterly revenue was down 43.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.76 earnings per share. Darden Restaurants updated its Q1 2021
Pre-Market guidance to 0.00 EPS.
Shares of NYSE:DRI opened at $74.59 on Friday. The firm has a market capitalization of $9.01 billion, a PE ratio of 23.60, a P/E/G ratio of 3.06 and a beta of 1.31. The company has a debt-to-equity ratio of 2.24, a current ratio of 0.41 and a quick ratio of 0.27. The business has a 50-day moving average of $75.84 and a two-hundred day moving average of $88.51. Darden Restaurants has a 12 month low of $26.15 and a 12 month high of $128.41.
A number of research firms have commented on DRI. Cowen began coverage on Darden Restaurants in a research report on Friday, February 28th. They set a “market perform” rating and a $103.00 target price on the stock. Oppenheimer boosted their target price on Darden Restaurants from $85.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 20th. JPMorgan Chase & Co. boosted their target price on Darden Restaurants from $66.00 to $74.00 and gave the stock a “neutral” rating in a research report on Wednesday. Bank of America boosted their price target on Darden Restaurants from $75.00 to $85.00 and gave the stock a “buy” rating in a report on Friday. Finally, Goldman Sachs Group raised Darden Restaurants from a “sell” rating to a “neutral” rating and cut their price target for the stock from $114.00 to $50.00 in a report on Friday, March 20th. Fifteen research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. Darden Restaurants presently has a consensus rating of “Buy” and an average target price of $90.48.
Darden Restaurants Company Profile
Darden Restaurants, Inc, through its subsidiaries, owns and operates full-service restaurants in the United States and Canada. As of May 27, 2018, it owned and operated approximately 1,746 restaurants under the Olive Garden, LongHorn Steakhouse, Cheddar's Scratch Kitchen, Yard House, The Capital Grille, Bahama Breeze, Seasons 52, and Eddie V's brands.
Featured Story: Book Value Per Share in Stock Trading
Receive News & Ratings for Darden Restaurants Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Darden Restaurants and related companies with MarketBeat.com's FREE daily email newsletter.