Thursday, December 2, 2010

Darden Restaurants (NYSE:DRI) a Strongly Managed Company

Saying they're among the "best managed casual dining chains," Argus increased their estimates and price target on Darden Restaurants (NYSE:DRI), while maintaining their "Buy" rating on them.

"We believe that Darden is among the best managed casual dining chains, and based on its plan to increase the store count, grow same-store sales and improve operational efficiency," said Argus.

EPS estimates for full year 2011 were increased from $3.30 to $3.35 and for full year 2012 from $3.70 to $3.80.

Darden closed Wednesday at $49.32, gaining $0.37, or 0.76 percent. Argus raised their price target on them from $52 to $58.

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