U.S. markets close in 6 hours 1 minute
  • S&P 500

    3,289.25
    +18.22 (+0.56%)
     
  • Dow 30

    26,551.32
    +31.37 (+0.12%)
     
  • Nasdaq

    11,113.51
    +108.64 (+0.99%)
     
  • Russell 2000

    1,532.81
    -10.46 (-0.68%)
     
  • Crude Oil

    35.11
    -2.28 (-6.10%)
     
  • Gold

    1,865.80
    -13.40 (-0.71%)
     
  • Silver

    23.11
    -0.24 (-1.04%)
     
  • EUR/USD

    1.1699
    -0.0051 (-0.43%)
     
  • 10-Yr Bond

    0.7830
    +0.0020 (+0.26%)
     
  • GBP/USD

    1.2933
    -0.0054 (-0.41%)
     
  • USD/JPY

    104.3300
    +0.0290 (+0.03%)
     
  • BTC-USD

    13,224.93
    +61.54 (+0.47%)
     
  • CMC Crypto 200

    260.11
    +17.43 (+7.18%)
     
  • FTSE 100

    5,540.03
    -42.77 (-0.77%)
     
  • Nikkei 225

    23,331.94
    -86.57 (-0.37%)
     

Why Darden's Stock Is Trading Lower Today

Tanzeel Akhtar
·1 min read

Darden Restaurants (NYSE: DRI) shares are trading lower on Wednesday after Stifel Downgraded the stock from Buy to Hold and announced a price target of $87 per share.

Darden is one of the largest players in the $185 billion U.S. casual dining industry. Olive Garden (868 units), LongHorn (522), and Cheddar's Scratch Kitchen (165 company-owned units) are its core brands, while the smaller, faster-growing specialty restaurant group is made up of Yard House (81), The Capital Grille (60), Seasons 52 (44), Bahama Breeze (41), and Eddie V's (23). In November 2015, the company spun off selected real estate and restaurant assets into Four Corners Property Trust.

Darden's stock traded down 3.89% at $79.60 per share at the time of publication on Wednesday. The stock has a 52-week high of $128.41 and a 52-week low of $26.15.

Latest Ratings for DRI

Date

Firm

Action

From

To

Aug 2020

Stifel

Downgrades

Buy

Hold

Aug 2020

Piper Sandler

Maintains

Overweight

Jul 2020

JP Morgan

Upgrades

Neutral

Overweight

View More Analyst Ratings for DRI
View the Latest Analyst Ratings

See more from Benzinga

© 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.