Fintel reports that on June 1, 2023, Wedbush maintained coverage of Darden Restaurants (NYSE:DRI) with a Outperform recommendation.
Analyst Price Forecast Suggests 5.66% Upside
As of May 11, 2023, the average one-year price target for Darden Restaurants is 167.49. The forecasts range from a low of 151.50 to a high of $183.75. The average price target represents an increase of 5.66% from its latest reported closing price of 158.52.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Darden Restaurants is 10,416MM, an increase of 0.91%. The projected annual non-GAAP EPS is 7.78.
What is the Fund Sentiment?
There are 1538 funds or institutions reporting positions in Darden Restaurants. This is an increase of 81 owner(s) or 5.56% in the last quarter. Average portfolio weight of all funds dedicated to DRI is 0.21%, an increase of 5.93%. Total shares owned by institutions increased in the last three months by 2.95% to 147,105K shares.
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DRI / Darden Restaurants, Inc. Put/Call Ratios
The put/call ratio of DRI is 1.67, indicating a bearish outlook.
What are Other Shareholders Doing?
Capital World Investors holds 13,316K shares representing 11.01% ownership of the company. In it's prior filing, the firm reported owning 13,386K shares, representing a decrease of 0.52%. The firm increased its portfolio allocation in DRI by 8.19% over the last quarter.
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Capital International Investors holds 12,635K shares representing 10.45% ownership of the company. In it's prior filing, the firm reported owning 13,677K shares, representing a decrease of 8.24%. The firm decreased its portfolio allocation in DRI by 0.70% over the last quarter.
AWSHX - WASHINGTON MUTUAL INVESTORS FUND holds 6,618K shares representing 5.47% ownership of the company. In it's prior filing, the firm reported owning 6,644K shares, representing a decrease of 0.39%. The firm decreased its portfolio allocation in DRI by 1.09% over the last quarter.
AMECX - INCOME FUND OF AMERICA holds 4,751K shares representing 3.93% ownership of the company. In it's prior filing, the firm reported owning 4,764K shares, representing a decrease of 0.27%. The firm decreased its portfolio allocation in DRI by 2.25% over the last quarter.
ABALX - AMERICAN BALANCED FUND holds 4,716K shares representing 3.90% ownership of the company. No change in the last quarter.
Darden Restaurants Background Information
(This description is provided by the company.)
Darden is a restaurant company featuring a portfolio of differentiated brands that include Olive Garden, LongHorn Steakhouse, Cheddar's Scratch Kitchen, Yard House, The Capital Grille, Seasons 52, Bahama Breeze and Eddie V's.
Key filings for this company:
This story originally appeared on Fintel.