Wedbush Stick to Their Hold Rating for Darden
Investing.com
Published Sep 23, 2021 04:45PM ET
Wedbush analyst Nick Setyan maintained a Hold rating on Darden on Thursday, setting a price target of $162, which is approximately 7.77% above the present share price of $150.32.
Setyan expects Darden to post earnings per share (EPS) of $2.82 for the third quarter of 2021.
The current consensus among 17 TipRanks analysts is for a Moderate Buy rating of shares in Darden, with an average price target of $162.87.
The analysts price targets range from a high of $175 to a low of $150.
In its latest earnings report, released on 05/31/2021, the company reported a quarterly revenue of $2.28 billion and a net profit of $328.6 million. The company's market cap is $19.59 billion.
According to TipRanks.com, Wedbush analyst Nick Setyan is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 13.0% and a 58.25% success rate.
Darden Restaurants (NYSE:DRI), Inc. is a full-service restaurant company, which engages in the provision of restaurant services. It operates through the following segments: Olive Garden, LongHorn Steakhouse, Fine Dining, and Other Business. The Olive Garden segment is the largest full-service dining Italian restaurant operator. The LongHorn Steakhouse segment includes the results of the company-owned LongHorn Steakhouse restaurants. The Fine Dining segment comprises of the premium brands that operate within the fine-dining sub-segment of full-service dining and includes the results of its company-owned The Capital Grille and Eddie V's restaurants. The Other Business segment aggregates the remaining brands and includes the results of its company-owned Cheddar's Scratch Kitchen, Yard House, Seasons 52 and Bahama Breeze restaurants; and from franchises and consumer-packaged goods sales. The company was founded by William B. Darden in 1938 and is headquartered in Orlando, FL.
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