Barclays Maintains an 'Overweight' on Darden Restaurants (DRI); Q4 Preview: Cutting Estimates Ahead of Report
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Price: $53.22 +1.14%
Rating Summary:
6 Buy, 16 Hold, 1 Sell
Rating Trend:
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Today's Overall Ratings:
Up: 21 | Down: 24 | New: 29
Rating Summary:
6 Buy, 16 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 21 | Down: 24 | New: 29
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Barclays maintains an 'Overweight' on Darden Restaurants (NYSE: DRI) price target of $59.00.
In analyst, Jeffrey A. Bernstein's Q4 preview, he said, "We're lowering estimates to reflect a slowing industry comp, partially offset by continued food cost easing. We expect EPS of $1.15, +15% y-y, vs our prior $1.18 and guidance of $1.12-1.22, supporting 5% F12 growth. We assume flattish comp, vs guidance of 1.5%+ (lapping a 2.2% in 4QF11) and vs the industry down ~0.5%."
Barclays lowers FY12 EPS estimate slightly, from $3.60 to $3.57.
For an analyst ratings summary and ratings history on Darden Restaurants click here. For more ratings news on Darden Restaurants click here.
Shares of Darden Restaurants closed at $51.46 yesterday, with a 52 week range of $40.69-$55.84.
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In analyst, Jeffrey A. Bernstein's Q4 preview, he said, "We're lowering estimates to reflect a slowing industry comp, partially offset by continued food cost easing. We expect EPS of $1.15, +15% y-y, vs our prior $1.18 and guidance of $1.12-1.22, supporting 5% F12 growth. We assume flattish comp, vs guidance of 1.5%+ (lapping a 2.2% in 4QF11) and vs the industry down ~0.5%."
Barclays lowers FY12 EPS estimate slightly, from $3.60 to $3.57.
For an analyst ratings summary and ratings history on Darden Restaurants click here. For more ratings news on Darden Restaurants click here.
Shares of Darden Restaurants closed at $51.46 yesterday, with a 52 week range of $40.69-$55.84.
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