Full service restaurant operator Darden Restaurants, Inc. (DRI) on Wednesday caught some tepid commentary from analysts at UBS.
The firm said it cut its earnings estimates for DRI through 2013, noting that warm weather may hurt store traffic and sales. Still, UBS maintained its “Buy” rating and $54 price target, which suggests zero upside to the stock’s Tuesday closing price of $53.75.
Darden Restaurants shares fell 50 cents, or -0.9%, in premarket trading Wednesday.
The Bottom Line
Shares of Darden Restaurants (DRI) have a 3.20% dividend yield, based on last night’s closing stock price of $53.75. The stock has technical support in the $48-$50 price area. The shares are trading near all-time highs.
Darden Restaurants, Inc. (DRI) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
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