Darden Restaurants with ticker code (DRI) have now 24 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 156 and 122 and has a mean target at 139.83. With the stocks previous close at 129.68 this would indicate that there is a potential upside of 7.8%. There is a 50 day moving average of 125.52 and the 200 day MA is 131.26. The company has a market capitalisation of $16,246m. Visit the company website at: https://www.darden.com
The potential market cap would be $17,517m based on the market concensus.
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.
