Darden Restaurants’ Target, Estimates Boosted at Barclays Capital (DRI)

By
A A A
Share |

Restaurant chain operator Darden Restaurants, Inc. ( DRI ) on Thursday saw its price target and earnings estimates raised by analysts at Barclays Capital.

The firm said it boosted its price target for DRI from $51 to $57, which represents an expected 15% upside to the stock's Wednesday closing price of $49.60.

Barclays noted it expects strong fiscal second quarter results from Darden, which will deliver its latest earnings report on Dec. 20. As a result, the firm raised its 2011 and 2012 EPS estimates $3.35 and $3.85, respectively, while maintaining its "Overweight" rating.

Darden Restaurants shares were mostly flat in premarket trading Thursday.

The Bottom Line
Shares of Darden Restaurants ( DRI ) have a 2.58% dividend yield, based on last night's closing stock price of $49.60. The stock has technical support in the $44-$46 price area. The stock is trading at all-time highs and has little overhead resistance.

Darden Restaurants, Inc. ( DRI ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Created by Dividend.com


This article appears in: Investing , Stocks

Referenced Stocks: DRI

Dividend.com

Dividend.com

More from Dividend.com:

Related Videos

Voya – Babies Retirement
Voya – Babies Retirement            

Stocks

Referenced

60%

Most Active by Volume

79,812,121
  • $12.11 ▼ 5.61%
68,370,136
  • $104.83 ▲ 1.79%
65,036,978
  • $16.60 ▲ 1.22%
64,087,181
  • $8.40 ▲ 5.93%
54,443,769
  • $33.66 ▼ 2.43%
44,944,529
  • $97.82 ▲ 1.50%
40,119,778
  • $45.02 ▲ 1.44%
34,306,166
  • $80.04 ▲ 2.13%
As of 10/23/2014, 04:15 PM

Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com