Finally Time to Make a Move? Stifel Nicolaus Initiates Coverage On Darden Restaurants (NYSE:DRI) with $92 Price Target

October 4, 2017 - By Ellis Scott

 Finally Time to Make a Move? Stifel Nicolaus Initiates Coverage On Darden Restaurants (NYSE:DRI) with $92 Price Target

Investors sentiment decreased to 0.95 in 2017 Q2. Its down 0.19, from 1.14 in 2017Q1. It turned negative, as 46 investors sold Darden Restaurants, Inc. shares while 190 reduced holdings. 78 funds opened positions while 147 raised stakes. 106.87 million shares or 5.23% less from 112.77 million shares in 2017Q1 were reported.

Schwab Charles Inv owns 1.02M shares. Next Financial Grp accumulated 0% or 265 shares. Kings Point Cap Mgmt owns 766 shares or 0.02% of their US portfolio. Allstate Corp holds 0.05% or 9,505 shares in its portfolio. Walleye Trading Ltd holds 0.02% or 39,282 shares. Vident Invest Advisory Ltd Liability Com has 35,005 shares. Farmers Tru invested 0.3% in Darden Restaurants, Inc. (NYSE:DRI). Palo Capital Inc invested in 9,401 shares. Checchi Capital Advisers Limited Liability Co invested 0.02% of its portfolio in Darden Restaurants, Inc. (NYSE:DRI). State Of New Jersey Common Pension Fund D stated it has 0.01% of its portfolio in Darden Restaurants, Inc. (NYSE:DRI). State Bank Of Montreal Can has 0.05% invested in Darden Restaurants, Inc. (NYSE:DRI). Fred Alger Mgmt has invested 0.01% in Darden Restaurants, Inc. (NYSE:DRI). Haverford Tru invested in 4,811 shares. Moreover, Lmr Partners Llp has 0.1% invested in Darden Restaurants, Inc. (NYSE:DRI). Regentatlantic Cap Ltd Liability Co reported 0.12% in Darden Restaurants, Inc. (NYSE:DRI).

Why Has Stifel Nicolaus Given Darden Restaurants (NYSE:DRI) a $92 Price Target

Stifel Nicolaus analyst started coverage with a Buy rating on Darden Restaurants (NYSE:DRI) today and set a price target of $92. The company’s shares opened today at 0.

Investors sentiment decreased to 0.95 in 2017 Q2. Its down 0.19, from 1.14 in 2017Q1. It turned negative, as 46 investors sold Darden Restaurants, Inc. shares while 190 reduced holdings. 78 funds opened positions while 147 raised stakes. 106.87 million shares or 5.23% less from 112.77 million shares in 2017Q1 were reported.

Schwab Charles Inv owns 1.02M shares. Next Financial Grp accumulated 0% or 265 shares. Kings Point Cap Mgmt owns 766 shares or 0.02% of their US portfolio. Allstate Corp holds 0.05% or 9,505 shares in its portfolio. Walleye Trading Ltd holds 0.02% or 39,282 shares. Vident Invest Advisory Ltd Liability Com has 35,005 shares. Farmers Tru invested 0.3% in Darden Restaurants, Inc. (NYSE:DRI). Palo Capital Inc invested in 9,401 shares. Checchi Capital Advisers Limited Liability Co invested 0.02% of its portfolio in Darden Restaurants, Inc. (NYSE:DRI). State Of New Jersey Common Pension Fund D stated it has 0.01% of its portfolio in Darden Restaurants, Inc. (NYSE:DRI). State Bank Of Montreal Can has 0.05% invested in Darden Restaurants, Inc. (NYSE:DRI). Fred Alger Mgmt has invested 0.01% in Darden Restaurants, Inc. (NYSE:DRI). Haverford Tru invested in 4,811 shares. Moreover, Lmr Partners Llp has 0.1% invested in Darden Restaurants, Inc. (NYSE:DRI). Regentatlantic Cap Ltd Liability Co reported 0.12% in Darden Restaurants, Inc. (NYSE:DRI).

Darden Restaurants, Inc. (NYSE:DRI) Ratings Coverage

Among 25 analysts covering Darden Restaurants (NYSE:DRI), 12 have Buy rating, 0 Sell and 13 Hold. Therefore 48% are positive. Darden Restaurants has $10200 highest and $50 lowest target. $84.50’s average target is 5.72% above currents $79.93 stock price. Darden Restaurants had 71 analyst reports since August 25, 2015 according to SRatingsIntel. Maxim Group maintained the shares of DRI in report on Friday, July 1 with “Buy” rating. The rating was maintained by BMO Capital Markets with “Hold” on Thursday, June 22. Jefferies maintained it with “Hold” rating and $82.0 target in Tuesday, September 26 report. BMO Capital Markets maintained Darden Restaurants, Inc. (NYSE:DRI) rating on Wednesday, September 27. BMO Capital Markets has “Hold” rating and $85.0 target. The stock of Darden Restaurants, Inc. (NYSE:DRI) earned “Outperform” rating by Robert W. Baird on Wednesday, September 27. Morgan Stanley maintained Darden Restaurants, Inc. (NYSE:DRI) on Wednesday, September 27 with “Equal-Weight” rating. The company was downgraded on Friday, January 29 by Raymond James. The firm earned “Buy” rating on Wednesday, November 11 by Maxim Group. As per Monday, June 26, the company rating was maintained by Oppenheimer. As per Wednesday, April 6, the company rating was maintained by Barclays Capital.

About 215,443 shares traded. Darden Restaurants, Inc. (NYSE:DRI) has risen 31.96% since October 4, 2016 and is uptrending. It has outperformed by 15.26% the S&P500.

Darden Restaurants, Inc. is a full-service restaurant company. The company has market cap of $10.02 billion. The Firm owned and operated 1,536 restaurants through its subsidiaries in the United States and Canada, as of May 29, 2016. It has a 20.48 P/E ratio. The Company’s divisions include Olive Garden, LongHorn Steakhouse, Fine Dining ) and Other Business (which includes Yard House, Seasons 52, Bahama Breeze, consumer-packaged goods and franchise revenues).

More notable recent Darden Restaurants, Inc. (NYSE:DRI) news were published by: Nasdaq.com which released: “Ex-Dividend Reminder: Vail Resorts, Darden Restaurants and Time Warner” on October 04, 2017, also Prnewswire.com with their article: “Darden Restaurants’ Board Declares Regular Quarterly Dividend” published on September 21, 2017, Zacks.com published: “Darden (DRI) Beats on Q1 Earnings, Reaffirms FY18 Guidance” on September 26, 2017. More interesting news about Darden Restaurants, Inc. (NYSE:DRI) were released by: Seekingalpha.com and their article: “Darden Restaurants Is Too Cheap” published on October 02, 2017 as well as Fool.com‘s news article titled: “Why Darden Restaurants, Inc. Stock Dipped Today” with publication date: September 26, 2017.

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