Darden Restaurants – Consensus Indicates Potential .8% Upside

Broker Ratings

Darden Restaurants with ticker code (DRI) now have 26 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 156 and 125 calculating the mean target price we have 142.31. With the stocks previous close at 141.16 this would imply there is a potential upside of .8%. The 50 day moving average now sits at 132.87 and the 200 day MA is 129.04. The company has a market cap of $17,444m. Company Website: https://www.darden.com

The potential market cap would be $17,586m based on the market concensus.

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Darden Restaurants, through its subsidiaries, owns and operates full-service restaurants in the United States and Canada. As of May 29, 2022, it owned and operated 1,867 restaurants, which included 884 under the Olive Garden brand, 546 under the LongHorn Steakhouse brand name, 172 under the Cheddar’s Scratch Kitchen brand, 85 under the Yard House brand name, 62 under The Capital Grille brand, 45 under the Seasons 52 brand name, 42 under the Bahama Breeze brand, 28 under the Eddie V’s Prime Seafood brand name, and 3 under the Capital Burger brand; and franchised 60 restaurants comprising 35 under the Olive Garden brand, 18 under the LongHorn Steakhouse brand name, 4 under the Cheddar’s Scratch Kitchen brand, 2 under The Capital Grille brand name, and 1 under the Bahama Breeze brand.Darden Restaurants was founded in 1968 and is based in Orlando, Florida.

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