Barclays Maintains an 'Overweight' on Darden Restaurants (DRI); F12 Outlook
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Price: $217.95 -1.78%
Rating Summary:
27 Buy, 18 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 15 | New: 40
Rating Summary:
27 Buy, 18 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 15 | New: 40
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Barclays maintains an 'Overweight' on Darden Restaurants (NYSE: DRI) price target of $58.00.
Barclays analyst says, "EPS growth guidance remains 12-15%, albeit guided to the lower-end. With EPS growth expected Flattish in 1H, such implies 20% growth in 2H. While back-end loaded growth will be viewed with skepticism, the message was similar when initial guidance was offered. Importantly, guidance remains for modest margin expansion, as pricing (2-3%) and cost saves ($65-75m) offset food inflation (5.5%). Share repurchase guidance was also raised $100m, adding ~$0.03 to EPS. As for F2Q, expect EPS Flat y-y."
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 $44.30 yesterday.
Barclays analyst says, "EPS growth guidance remains 12-15%, albeit guided to the lower-end. With EPS growth expected Flattish in 1H, such implies 20% growth in 2H. While back-end loaded growth will be viewed with skepticism, the message was similar when initial guidance was offered. Importantly, guidance remains for modest margin expansion, as pricing (2-3%) and cost saves ($65-75m) offset food inflation (5.5%). Share repurchase guidance was also raised $100m, adding ~$0.03 to EPS. As for F2Q, expect EPS Flat y-y."
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 $44.30 yesterday.
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