20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
In the latest quarter, 20 analysts provided ratings for Darden Restaurants (NYSE:DRI), showcasing a mix of bullish and bearish perspectives.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 9 | 9 | 2 | 0 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 8 | 8 | 0 | 0 | 0 |
| 2M Ago | 1 | 1 | 1 | 0 | 0 |
| 3M Ago | 0 | 0 | 0 | 0 | 0 |
Analysts have set 12-month price targets for Darden Restaurants, revealing an average target of $185.6, a high estimate of $200.00, and a low estimate of $165.00. Witnessing a positive shift, the current average has risen by 1.24% from the previous average price target of $183.33.
Investigating Analyst Ratings: An Elaborate Study
The perception of Darden Restaurants by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Jim Salera | Stephens & Co. | Announces | Equal-Weight | $170.00 | - |
| Andrew Charles | TD Cowen | Maintains | Buy | $190.00 | - |
| Andrew Charles | TD Cowen | Maintains | Buy | $190.00 | - |
| Jake Bartlett | Truist Securities | Lowers | Buy | $185.00 | $190.00 |
| Jake Bartlett | Truist Securities | Maintains | Buy | $190.00 | - |
| Jon Tower | Citigroup | Lowers | Buy | $192.00 | $200.00 |
| John Ivankoe | JP Morgan | Lowers | Overweight | $176.00 | $180.00 |
| Brian Nowak | Morgan Stanley | Lowers | Overweight | $180.00 | $184.00 |
| Nick Setyan | Wedbush | Lowers | Outperform | $181.00 | $187.00 |
| Brian Bittner | Oppenheimer | Lowers | Outperform | $182.00 | $186.00 |
| Andrew Charles | TD Cowen | Maintains | Outperform | $190.00 | - |
| Greg Francfort | Guggenheim | Raises | Buy | $190.00 | $180.00 |
| Chris O'Cull | Stifel | Raises | Buy | $190.00 | $185.00 |
| John Ivankoe | JP Morgan | Raises | Overweight | $180.00 | $170.00 |
| Sara Senatore | B of A Securities | Raises | Buy | $198.00 | $193.00 |
| Nick Setyan | Wedbush | Raises | Outperform | $187.00 | $177.00 |
| Brian Bittner | Oppenheimer | Maintains | Outperform | $186.00 | $186.00 |
| Jon Tower | Citigroup | Raises | Buy | $200.00 | $192.00 |
| Andrew Strelzik | BMO Capital | Raises | Market Perform | $165.00 | $160.00 |
| Andrew Charles | TD Cowen | Raises | Outperform | $190.00 | $180.00 |
Key Insights:
- Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Darden Restaurants. This insight gives a snapshot of analysts' perspectives on the current state of the company.
- Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Darden Restaurants compared to the broader market.
- Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Darden Restaurants's stock. This examination reveals shifts in analysts' expectations over time.
To gain a panoramic view of Darden Restaurants's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
Stay up to date on Darden Restaurants analyst ratings.
Get to Know Darden Restaurants Better
Darden Restaurants is the largest restaurant operator in the U.S. full-service space, with consolidated revenue of $10.5 billion in fiscal 2023 resulting in 3%-4% full-service market share (per NRA data and our calculations). The company maintains a portfolio of 10 restaurant brands: Olive Garden, LongHorn Steakhouse, Cheddar's Scratch Kitchen, Ruth's Chris, Yard House, The Capital Grille, Seasons 52, Eddie V's, Bahama Breeze, and The Capital Burger. Darden generates revenue almost exclusively from company-owned restaurants, though a small network of franchised restaurants and consumer-packaged goods sales through the traditional grocery channel contribute modestly. As of the end of its fiscal 2023, the company operated 1,914 restaurants in the U.S.
Understanding the Numbers: Darden Restaurants's Finances
Market Capitalization Analysis: The company's market capitalization surpasses industry averages, showcasing a dominant size relative to peers and suggesting a strong market position.
Revenue Growth: Darden Restaurants displayed positive results in 3 months. As of 29 February, 2024, the company achieved a solid revenue growth rate of approximately 6.77%. This indicates a notable increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Consumer Discretionary sector.
Net Margin: Darden Restaurants's net margin excels beyond industry benchmarks, reaching 10.52%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): Darden Restaurants's ROE stands out, surpassing industry averages. With an impressive ROE of 14.83%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 2.76%, the company showcases effective utilization of assets.
Debt Management: Darden Restaurants's debt-to-equity ratio is below the industry average. With a ratio of 2.43, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
Understanding the Relevance of Analyst Ratings
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!