23 Analysts Have This To Say About Darden Restaurants

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Providing a diverse range of perspectives from bullish to bearish, 23 analysts have published ratings on Darden Restaurants DRI in the last three months.

The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.

Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish
Total Ratings 13 9 1 0 0
Last 30D 1 0 0 0 0
1M Ago 1 1 0 0 0
2M Ago 4 0 1 0 0
3M Ago 7 8 0 0 0

Analysts have set 12-month price targets for Darden Restaurants, revealing an average target of $185.57, a high estimate of $200.00, and a low estimate of $165.00. Surpassing the previous average price target of $185.20, the current average has increased by 0.2%.

Exploring Analyst Ratings: An In-Depth Overview

The standing of Darden Restaurants among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.

Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target
Jon Tower Citigroup Lowers Buy $191.00 $192.00
John Ivankoe JP Morgan Lowers Overweight $165.00 $176.00
Peter Saleh BTIG Announces Buy $175.00 -
Andrew Charles TD Cowen Maintains Buy $190.00 -
Andrew Charles TD Cowen Maintains Buy $190.00 -
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

Key Insights:

  • Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Darden Restaurants. This information offers a snapshot of how analysts perceive the current state of the company.
  • Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect 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.

Capture valuable insights into Darden Restaurants's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.

Stay up to date on Darden Restaurants analyst ratings.

About Darden Restaurants

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.

Unraveling the Financial Story of Darden Restaurants

Market Capitalization: Surpassing industry standards, the company's market capitalization asserts its dominance in terms of size, suggesting a robust market position.

Revenue Growth: Darden Restaurants's revenue growth over a period of 3 months has been noteworthy. As of 29 February, 2024, the company achieved a revenue growth rate of approximately 6.77%. This indicates a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Consumer Discretionary sector.

Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 10.52%, the company showcases strong profitability and effective cost control.

Return on Equity (ROE): Darden Restaurants's ROE excels beyond industry benchmarks, reaching 14.83%. This signifies robust financial management and efficient use of shareholder equity capital.

Return on Assets (ROA): Darden Restaurants's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 2.76%, the company showcases efficient use of assets and strong financial health.

Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 2.43.

Analyst Ratings: What Are They?

Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter.

Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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