Goldman Sachs Resumes Darden Restaurants (DRI) at Buy, A Bright Spot In Casual Dining

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Goldman Sachs resumes coverage on Darden Restaurants (NYSE: DRI) with a Buy rating and $53 price target, suggesting 17% upside.

The firm notes DRI owns s three of the four highest scoring brands in their restaurant survey and has future growth potential from LongHorn. In addition, profitability is exceptionally strong, FCF is staple-like in its consistency and the company is shareholder friendly with respect to its cash deployment.

Goldman expects double-digit EPS growth for each of the next several years.

For more ratings news on Darden Restaurants click here and for the rating history of Darden Restaurants click here.

Shares of Darden Restaurants closed at $45.91 yesterday, with a 52 week range of $40.69-$53.74.

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