Oppenheimer analyst Brian Bittner reiterated a Buy rating on Darden on Wednesday, setting a price target of $165, which is approximately 13.74% above the present share price of $145.07.
Bittner expects Darden to post earnings per share (EPS) of $0.99 for the first quarter of 2021.
The current consensus among 24 TipRanks analysts is for a Strong Buy rating of shares in Darden, with an average price target of $154.58.
The analysts price targets range from a high of $175 to a low of $135.
In its latest earnings report, released on 02/28/2021, the company reported a quarterly revenue of $1.73 billion and a net profit of $151.1 million. The company's market cap is $18.91 billion.
According to TipRanks.com, Oppenheimer analyst Brian Bittner is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 12.2% and a 67.70% success rate.
Darden Restaurants (NYSE:DRI), Inc. is a full-service restaurant company, which engages in the provision of restaurant services. It operates through the following segments: Olive Garden, LongHorn Steakhouse, Fine Dining, and Other Business. The Olive Garden segment is the largest full-service dining Italian restaurant operator. The LongHorn Steakhouse segment includes the results of the company-owned LongHorn Steakhouse restaurants. The Fine Dining segment comprises of the premium brands that operate within the fine-dining sub-segment of full-service dining and includes the results of its company-owned The Capital Grille and Eddie V's restaurants. The Other Business segment aggregates the remaining brands and includes the results of its company-owned Cheddar's Scratch Kitchen, Yard House, Seasons 52 and Bahama Breeze restaurants; and from franchises and consumer-packaged goods sales. The company was founded by William B. Darden in 1938 and is headquartered in Orlando, FL.