Analyst’s Review to Watch: Darden Restaurants, Inc. (DRI)

The shares of Darden Restaurants, Inc. (NYSE:DRI) currently has mean rating of 2.48 while 5 analysts have recommended the shares as “BUY”, 7 recommended as “OUTPERFORM” and 15 recommended as “HOLD”. The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for sell.

The company’s mean estimate for sales for the current quarter ending May 16 is 1.82B by 20 analysts. The means estimate of sales for the year ending May 16 is 6.96B by 25 analysts.

The mean price target for the shares of Darden Restaurants, Inc. (DRI) is at 71.00 while the highest price target suggested by the analysts is 80.00 and low price target is 57.00. The mean price target is calculated keeping in view the consensus of 21 brokerage firms.

The average estimate of EPS for the current fiscal quarter for Darden Restaurants, Inc. (DRI) stands at 1.09 while the EPS for the current year is fixed at 3.52 by 25 analysts.

The next one year’s EPS estimate is set at 3.98 by 29 analysts while a year ago the analysts suggested the company’s EPS at 3.52. The analysts also projected the company’s long-term growth at 16.58% for the upcoming five years.

In its latest quarter ended on 31^st Feb 2016, Darden Restaurants, Inc. (DRI) reported earnings of $1.21. The posted earnings topped the analyst’s consensus by $0.02 with the surprise factor of 1.70%. In the matter of earnings surprises, the term “Cockroach Effect” is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.

On May 25, 2016 Olive Garden is doubling its offering of Breadstick Sandwiches and bringing new twists on an Italian classic. Beginning this week, iconic Olive Garden menu items will transform with new varieties of the legendary Breadstick Sandwiches and brand new Deep Dish Spaghetti Pies. To celebrate, Olive Garden is giving unique and customized opportunities for families to come together around the table. Olive Garden is a division of Darden Restaurants, Inc. (DRI).

Last summer, America fell in love with Breadstick Sandwiches when they debuted in restaurants and on food trucks touring the country. Inspired by fans’ excitement and passion, Olive Garden is hitting the road again helping guests across the country create summer memories. The Olive Garden Never Ending Family Table will cross the nation to give fans the opportunity to gather together and sample the new menu items.