DARDEN RESTAURANTS,

DRI
Delayed Quote. Delayed  - 06/14 04:10:00 pm
137.5USD -1.16%

Darden Restaurants, Inc. : No turn-around in sight

06/11/2021 | 02:20am
Nicolas Aleksy
Contributor / Partner

Strategy published on : 06/11/2021 | 02:20

long trade
Live

Entry price : 137.63$
Target : 148.98$
Stop-loss : 125.3$
Potential : 8.25%

The timing appears opportune to go long in shares of Darden Restaurants, Inc. as we anticipate another pick-up in the underlying trend.
Investors have an opportunity to buy the stock and target the $ 148.98.

Summary

● In a short-term perspective, the company has interesting fundamentals.


Strengths

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● Upward revisions of sales forecast reflect a renewed optimism among the analysts covering the stock.

● Analysts remain confident with respect to the group's activity and, more often than not, have revised upwards their earnings per share estimates.

● 


Weaknesses

● With a 2021 P/E ratio at 37.84 times the estimated earnings, the company operates at rather significant levels of earnings multiples.

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