Full-service restaurant operator Darden Restaurants, Inc. (DRI) on Monday received some further positive commentary from analysts Jefferies & Co.
The firm maintained its “Buy” rating on DRI while lifting its earnings estimate to $60. That new target suggests an 18% upside to the stock’s Friday closing price of $50.92.
Jefferies also boosted its earnings estimates for the company through 2013, noting its Olive Garden franchise appears to be turning a corner.
Darden Restaurants shares were unchanged in premarket trading Monday.
The Bottom Line
Shares of Darden Restaurants (DRI) have a 3.38% dividend yield, based on Friday’s closing stock price of $50.92. The stock has technical support in the $46-$48 price area. The stock is trading near all-time highs of $54 a share.
Darden Restaurants, Inc. (DRI) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.
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