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Recommendations
Darden price target raised to $180 from $170 at Stephens » 11:19
09/24/21
09/24
11:19
09/24/21
11:19
DRI

Darden

$159.29 /

+0.15 (+0.09%)

Stephens analyst James…

Stephens analyst James Rutherford raised the firm's price target on Darden to $180 from $170 and keeps an Overweight rating on the shares after updating his estimates for Q2, FY22 and FY23 following the company's fiscal Q1 report yesterday. He argues that Olive Garden "would be doing much higher comps today if staffing were at normal levels," but also said he is "very supportive" of Darden maximizing profitable sales "rather than just drive the comp for the sake of optics." He sees Darden positioning itself to "take share for years to come" with its focus on operational improvements and investments in food quality and prices, Rutherford added.

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DRI Darden
$159.29 /

+0.15 (+0.09%)

DRI Darden
$159.29 /

+0.15 (+0.09%)

09/24/21 RBC Capital
Darden price target raised to $176 from $165 at RBC Capital
09/24/21 BMO Capital
Darden price target raised to $155 from $150 at BMO Capital
09/24/21 Truist
Darden price target raised to $180 from $167 at Truist
09/24/21 Raymond James
Darden price target raised to $172.50 from $160 at Raymond James
DRI Darden
$159.29 /

+0.15 (+0.09%)

DRI Darden
$159.29 /

+0.15 (+0.09%)

DRI Darden
$159.29 /

+0.15 (+0.09%)

DRI Darden
$159.29 /

+0.15 (+0.09%)

Recommendations
Darden price target raised to $176 from $165 at RBC Capital » 09:16
09/24/21
09/24
09:16
09/24/21
09:16
DRI

Darden

$159.63 /

+9.27 (+6.17%)

RBC Capital analyst…

RBC Capital analyst Christopher Carril raised the firm's price target on Darden to $176 from $165 and keeps an Outperform rating on the shares after its Q1 earnings beat. The company delivered "another strong quarter" driven by better than expected LongHorn and Fine Dining sales in spite of the Delta variant headwinds and the rising food/labor costs, the analyst tells investors in a research note. Carril adds that he sees upside from Darden's ability to navigate the challenging operating environment, as well as the opportunity to accelerate Olive Garden sales.

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DRI Darden
$159.63 /

+9.27 (+6.17%)

DRI Darden
$159.63 /

+9.27 (+6.17%)

09/24/21 BMO Capital
Darden price target raised to $155 from $150 at BMO Capital
09/24/21 Truist
Darden price target raised to $180 from $167 at Truist
09/24/21 Raymond James
Darden price target raised to $172.50 from $160 at Raymond James
09/24/21 Baird
Darden price target raised to $175 from $160 at Baird
DRI Darden
$159.63 /

+9.27 (+6.17%)

DRI Darden
$159.63 /

+9.27 (+6.17%)

DRI Darden
$159.63 /

+9.27 (+6.17%)

DRI Darden
$159.63 /

+9.27 (+6.17%)

Recommendations
Darden price target raised to $155 from $150 at BMO Capital » 09:05
09/24/21
09/24
09:05
09/24/21
09:05
DRI

Darden

$159.63 /

+9.27 (+6.17%)

BMO Capital analyst…

BMO Capital analyst Andrew Strelzik raised the firm's price target on Darden to $155 from $150 and keeps a Market Perform rating on the shares. The company's Q1 earnings topped expectations thanks to stronger comps and margins, and while trends slowed in August due to the Delta variant, they re-accelerated in September, the analyst tells investors in a research note. Strelzik adds that he is growing more confident in Olive Garden's sales upside potential while calling Darden's improved visibility into inflation outlook "encouraging".

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DRI Darden
$159.63 /

+9.27 (+6.17%)

DRI Darden
$159.63 /

+9.27 (+6.17%)

09/24/21 Truist
Darden price target raised to $180 from $167 at Truist
09/24/21 Raymond James
Darden price target raised to $172.50 from $160 at Raymond James
09/24/21 Baird
Darden price target raised to $175 from $160 at Baird
09/24/21 Deutsche Bank
Darden price target raised to $156 from $152 at Deutsche Bank
DRI Darden
$159.63 /

+9.27 (+6.17%)

DRI Darden
$159.63 /

+9.27 (+6.17%)

DRI Darden
$159.63 /

+9.27 (+6.17%)

DRI Darden
$159.63 /

+9.27 (+6.17%)

Recommendations
Darden price target raised to $180 from $167 at Truist » 08:45
09/24/21
09/24
08:45
09/24/21
08:45
DRI

Darden

$159.63 /

+9.27 (+6.17%)

Truist analyst Jake…

Truist analyst Jake Bartlett raised the firm's price target on Darden to $180 from $167 and keeps a Buy rating on the shares. The company's Q1 results showed "accelerating" sales momentum in spite of the management's focus on profitability, even though its Olive Garden comps continuing to trail the industry, the analyst tells investors in a research note. In spite of inflationary pressures, Darden's operating margins were up 270bps, Bartlett adds, further stating that his increased price target is further driven by the company's higher development guidance.

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DRI Darden
$159.63 /

+9.27 (+6.17%)

DRI Darden
$159.63 /

+9.27 (+6.17%)

09/24/21 Raymond James
Darden price target raised to $172.50 from $160 at Raymond James
09/24/21 Baird
Darden price target raised to $175 from $160 at Baird
09/24/21 Deutsche Bank
Darden price target raised to $156 from $152 at Deutsche Bank
09/24/21 UBS
Darden price target raised to $178 from $165 at UBS
DRI Darden
$159.63 /

+9.27 (+6.17%)

DRI Darden
$159.63 /

+9.27 (+6.17%)

DRI Darden
$159.63 /

+9.27 (+6.17%)

DRI Darden
$159.63 /

+9.27 (+6.17%)

Recommendations
Darden price target raised to $172.50 from $160 at Raymond James » 07:22
09/24/21
09/24
07:22
09/24/21
07:22
DRI

Darden

$159.63 /

+9.27 (+6.17%)

Raymond James analyst…

Raymond James analyst Brian Vaccaro raised the firm's price target on Darden to $172.50 from $160 and keeps an Outperform rating on the shares following "strong" Q1 results and guidance raise for FY22. The company remains in a very strong balance sheet and free cash flow position supporting increased share repurchases going forward, Vaccaro tells investors in a research note.

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DRI Darden
$159.63 /

+9.27 (+6.17%)

DRI Darden
$159.63 /

+9.27 (+6.17%)

09/24/21 Baird
Darden price target raised to $175 from $160 at Baird
09/24/21 Deutsche Bank
Darden price target raised to $156 from $152 at Deutsche Bank
09/24/21 UBS
Darden price target raised to $178 from $165 at UBS
09/24/21 KeyBanc
Darden price target raised to $180 from $165 at KeyBanc
DRI Darden
$159.63 /

+9.27 (+6.17%)

DRI Darden
$159.63 /

+9.27 (+6.17%)

DRI Darden
$159.63 /

+9.27 (+6.17%)

DRI Darden
$159.63 /

+9.27 (+6.17%)

Recommendations
Darden price target raised to $175 from $160 at Baird » 07:00
09/24/21
09/24
07:00
09/24/21
07:00
DRI

Darden

$159.63 /

+9.27 (+6.17%)

Baird analyst David…

Baird analyst David Tarantino raised the firm's price target on Darden to $175 from $160 and keeps an Outperform rating on the shares. Tarantino is more confident in the near-term fundamental outlook following the Q1 report, which featured better-than-expected blended comps performance, healthy profitability, and an increase to FY22 EPS guidance despite mounting inflationary pressures, the analyst tells investors in a research note.

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DRI Darden
$159.63 /

+9.27 (+6.17%)

DRI Darden
$159.63 /

+9.27 (+6.17%)

09/24/21 Deutsche Bank
Darden price target raised to $156 from $152 at Deutsche Bank
09/24/21 UBS
Darden price target raised to $178 from $165 at UBS
09/24/21 KeyBanc
Darden price target raised to $180 from $165 at KeyBanc
09/24/21 Piper Sandler
Darden price target raised to $168 from $157 at Piper Sandler
DRI Darden
$159.63 /

+9.27 (+6.17%)

DRI Darden
$159.63 /

+9.27 (+6.17%)

DRI Darden
$159.63 /

+9.27 (+6.17%)

DRI Darden
$159.63 /

+9.27 (+6.17%)

Recommendations
Darden price target raised to $156 from $152 at Deutsche Bank » 06:51
09/24/21
09/24
06:51
09/24/21
06:51
DRI

Darden

$159.63 /

+9.27 (+6.17%)

Deutsche Bank analyst…

Deutsche Bank analyst Brian Mullan raised the firm's price target on Darden Restaurants to $156 from $152 and keeps a Hold rating on the shares. The company reported "outstanding results in a difficult operating environment," and even managed to raise the high end of its guidance at a time when it might have "gotten a pass" for not doing so, Mullan tells investors in a research note. The analyst, however, views the shares as fairly valued.

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DRI Darden
$159.63 /

+9.27 (+6.17%)

DRI Darden
$159.63 /

+9.27 (+6.17%)

09/24/21 UBS
Darden price target raised to $178 from $165 at UBS
09/24/21 KeyBanc
Darden price target raised to $180 from $165 at KeyBanc
09/24/21 Piper Sandler
Darden price target raised to $168 from $157 at Piper Sandler
09/24/21 Barclays
Darden price target raised to $175 from $165 at Barclays
DRI Darden
$159.63 /

+9.27 (+6.17%)

DRI Darden
$159.63 /

+9.27 (+6.17%)

DRI Darden
$159.63 /

+9.27 (+6.17%)

DRI Darden
$159.63 /

+9.27 (+6.17%)

Recommendations
Darden price target raised to $178 from $165 at UBS » 06:45
09/24/21
09/24
06:45
09/24/21
06:45
DRI

Darden

$159.63 /

+9.27 (+6.17%)

UBS analyst Dennis Geiger…

UBS analyst Dennis Geiger raised the firm's price target on Darden to $178 from $165 and keeps a Buy rating on the shares. The company's Q1 earnings call highlighted comp acceleration for Q2 trends thus far, along with elevated off-premise sales levels and a "manageable" cost inflation outlook, the analyst tells investors in a research note. Geiger adds that he is encouraged by the rebound in sales trends without the company resorting to promotional or marketing activity as COVID delta case counts declined.

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DRI Darden
$159.63 /

+9.27 (+6.17%)

DRI Darden
$159.63 /

+9.27 (+6.17%)

09/24/21 KeyBanc
Darden price target raised to $180 from $165 at KeyBanc
09/24/21 Piper Sandler
Darden price target raised to $168 from $157 at Piper Sandler
09/24/21 Barclays
Darden price target raised to $175 from $165 at Barclays
09/23/21 Wedbush
Darden price target raised to $162 from $150 at Wedbush
DRI Darden
$159.63 /

+9.27 (+6.17%)

DRI Darden
$159.63 /

+9.27 (+6.17%)

DRI Darden
$159.63 /

+9.27 (+6.17%)

DRI Darden
$159.63 /

+9.27 (+6.17%)

Recommendations
Darden price target raised to $180 from $165 at KeyBanc » 06:21
09/24/21
09/24
06:21
09/24/21
06:21
DRI

Darden

$159.63 /

+9.27 (+6.17%)

KeyBanc analyst Eric…

KeyBanc analyst Eric Gonzalez raised the firm's price target on Darden to $180 from $165 and keeps an Overweight rating on the shares following the company's quarterly results, reflecting ongoing SSS momentum and strong profitability that is likely to continue despite an uptick in the company's inflation outlook, Gonzalez tells investors in a research note.

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DRI Darden
$159.63 /

+9.27 (+6.17%)

DRI Darden
$159.63 /

+9.27 (+6.17%)

09/24/21 Piper Sandler
Darden price target raised to $168 from $157 at Piper Sandler
09/24/21 Barclays
Darden price target raised to $175 from $165 at Barclays
09/23/21 Wedbush
Darden price target raised to $162 from $150 at Wedbush
09/23/21 Stifel
Darden price target raised to $165 from $155 at Stifel
DRI Darden
$159.63 /

+9.27 (+6.17%)

DRI Darden
$159.63 /

+9.27 (+6.17%)

DRI Darden
$159.63 /

+9.27 (+6.17%)

DRI Darden
$159.63 /

+9.27 (+6.17%)

Recommendations
Darden price target raised to $168 from $157 at Piper Sandler » 06:09
09/24/21
09/24
06:09
09/24/21
06:09
DRI

Darden

$159.63 /

+9.27 (+6.17%)

Piper Sandler analyst…

Piper Sandler analyst Nicole Miller Regan raised the firm's price target on Darden to $168 from $157 and keeps an Overweight rating on the shares. Darden reported stronger than expected results for fiscal Q1 that were driven in part by the company's ongoing focus on its people, culture, and brands while optimizing operations and expenses, Miller Regan tells investors in a research note.

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DRI Darden
$159.63 /

+9.27 (+6.17%)

DRI Darden
$159.63 /

+9.27 (+6.17%)

09/24/21 Barclays
Darden price target raised to $175 from $165 at Barclays
09/23/21 Wedbush
Darden price target raised to $162 from $150 at Wedbush
09/23/21 Stifel
Darden price target raised to $165 from $155 at Stifel
09/15/21 RBC Capital
RBC Capital estimating in-line Q1 earnings for Darden
DRI Darden
$159.63 /

+9.27 (+6.17%)

DRI Darden
$159.63 /

+9.27 (+6.17%)

DRI Darden
$159.63 /

+9.27 (+6.17%)

DRI Darden
$159.63 /

+9.27 (+6.17%)

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