Citi analyst Jon Tower maintains $Darden Restaurants (DRI.US)$ with a buy rating, and adjusts the target price from $191 to $206.
According to TipRanks data, the analyst has a success rate of 69.1% and a total average return of 16.1% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Darden Restaurants (DRI.US)$'s main analysts recently are as follows:
Darden is anticipated to keep benefiting from its leading scale in its category, but concerns persist regarding customer traffic at Olive Garden. It is expected that the comparative figures for Olive Garden will continue to face challenges due to difficulties in achieving significant traffic improvements.
The expectation is that Olive Garden's continued softness in same-store sales will remain a point of concern this quarter, with a possibility that this could lead to more significant structural discussions about the brand's challenges. Conversely, there might be a shift in investor focus during the upcoming quarterly call, potentially influenced by discussions related to same-store sales trends expected in the latter half of FY25 and their impact on FY26 projections.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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