Morgan Stanley has revised its price target for Darden Restaurants (DRI, Financial), reducing it slightly from $217 to $215 while maintaining an Overweight rating on the stock. This adjustment comes as analysts set the stage for the upcoming Q1 earnings reports. Despite the focus on the quarterly results, the analyst notes that the broader industry trends are taking precedence.
In a separate note concerning restaurants and food distributors, the analyst mentioned scaling back the firm's projection for U.S. industry demand growth. The forecast has been adjusted to a year-over-year growth rate of 4.1%, down from the previous 4.8% estimate made in January. This revised outlook comes in the wake of a recent pause on tariffs, which could impact the sector's demand dynamics.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 27 analysts, the average target price for Darden Restaurants Inc (DRI, Financial) is $209.71 with a high estimate of $238.00 and a low estimate of $147.17. The average target implies an upside of 5.93% from the current price of $197.97. More detailed estimate data can be found on the Darden Restaurants Inc (DRI) Forecast page.
Based on the consensus recommendation from 32 brokerage firms, Darden Restaurants Inc's (DRI, Financial) average brokerage recommendation is currently 2.2, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Darden Restaurants Inc (DRI, Financial) in one year is $199.59, suggesting a upside of 0.82% from the current price of $197.965. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Darden Restaurants Inc (DRI) Summary page.
