Cracking The Code: Understanding Analyst Reviews For Darden Restaurants
Portfolio Pulse from Benzinga Insights
Darden Restaurants (NYSE:DRI) has seen a diverse range of analyst ratings over the last three months, with a shift towards more bullish sentiments in the last 30 days. The average 12-month price target for DRI has increased to $177.67 from $168.33. Analysts from firms like BMO Capital, TD Cowen, and Barclays have raised their price targets, reflecting optimism about DRI's market position and financial performance. Darden Restaurants, a leading U.S. full-service restaurant operator, reported a revenue growth of 9.68% and a net margin of 7.78% for fiscal 2023, indicating strong profitability and market presence despite a high debt-to-equity ratio.
March 07, 2024 | 5:00 pm
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Darden Restaurants has received more bullish analyst ratings, with an updated average price target of $177.67, reflecting a positive outlook on the company's financial health and market position.
The increase in bullish analyst ratings and the rise in the average price target for Darden Restaurants are indicative of a positive sentiment towards the company's financial performance and market position. The reported revenue growth and net margin for fiscal 2023 further support this optimism, suggesting a potential short-term upward movement in DRI's stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100