Beyond The Numbers: 19 Analysts Discuss Darden Restaurants Stock
Portfolio Pulse from Benzinga Insights
Analyst ratings for Darden Restaurants (NYSE:DRI) show varied opinions over the last quarter, with a summary of 19 analysts' ratings indicating a shift towards bullish sentiment. The average 12-month price target is $186.05, reflecting a 1.53% increase from the previous target. Analyst actions include both upgrades and downgrades, with price targets ranging from $165.00 to $200.00. Darden Restaurants, a leading U.S. full-service restaurant operator, reported a revenue of $10.5 billion in fiscal 2023, achieving a 9.68% revenue growth rate and a net margin of 7.78%, but faces challenges with a high debt-to-equity ratio of 2.71.
March 27, 2024 | 7:00 pm
News sentiment analysis
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Darden Restaurants shows a mixed but generally positive analyst sentiment, with an average 12-month price target of $186.05, indicating potential for stock price growth. Fiscal 2023 revenue growth and strong financial metrics suggest a solid market position, despite a high debt-to-equity ratio.
The positive shift in analyst sentiment, combined with Darden Restaurants' solid fiscal 2023 performance, suggests potential for stock price appreciation. However, the high debt-to-equity ratio introduces a note of caution, potentially moderating the stock's short-term growth prospects.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100