Market Overview

Wall Street Sees No Upside For Darden; Are There Better Options Out There?

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Darden Restaurants, Inc. (NYSE: DRI) saw three major research firms issue ratings for its stock this week, both before and after reporting second quarter results.

Interestingly enough, each member of the trio -- Bank of America ($47.00), Telsey ($54.00) and Barclays ($57.00) -- revealed a price target below Darden's current trading range near $57.70.

Related topic: Darden Restaurants Puts Priority On Real Estate

Is There More Upside Elsewhere?

There are other options.

Research firm Wunderlich, for instance, seems to like BJ's Restaurants, Inc. (NASDAQ: BJRI). It issued a Buy rating, along with a $56.00 price target on December 10. Shares currently trade just above $48.

Analysts also see considerable upside potential in Chipotle Mexican Grill, Inc. (NYSE: CMG). Goldman Sachs initiated coverage on December 8 with a Buy rating and a $790.00 price target -- the stock currently trades around $649.00. Citigroup, meanwhile, holds a price target of $765.00 on the stock.

A final favorite: Starbucks Corporation (NASDAQ: SBUX). Last week, both Jefferies and Goldman Sachs issued Buy ratings on the company, with price targets of $97.00 and $95.00, respectively.

That equates to upside of about 20 percent.

Posted-In: Bank of America Barclays Citigroup Goldman SachsLong Ideas Restaurants Trading Ideas General


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