Shares of Darden Restaurants Inc. (NYSE:DRI) traded at a new 52-week high today of $150.20. Approximately 568,000 shares have changed hands today, as compared to an average 30-day volume of 1.6 million shares.
In the past 52 weeks, Darden Restaurants Inc. share prices are bracketed by a low of $69.77 and a high of $150.20 and is now at $149.37, 114% above that low price.
Darden is one of the largest players in the $185 billion U.S. casual dining industry. Olive Garden (874 units), LongHorn (527), and Cheddar’s Scratch Kitchen (168 company-owned units) are its core brands, while the smaller, faster-growing specialty restaurant group is made up of Yard House (81), The Capital Grille (60), Seasons 52 (43), Bahama Breeze (41), and Eddie V’s (24). In November 2015, the company spun off selected real estate and restaurant assets into Four Corners Property Trust.
Darden Restaurants Inc. (NYSE:DRI) is currently priced 3.9% above its average consensus analyst price target of $143.58.
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