NEW YORK (TheStreet) -- Darden Restaurants (DRI) shares are up 3.8% to $49.40 on Monday after analysts at CLSA upgraded the stock to "outperform" from "underperform" while making a valuation call on the company.
The Olive Garden and Longhorn Steakhouse parent company reported full year EPS guidance between $2.22 to $2.30 on Friday, in line with analysts estimates of $2.23.
The company also announced that it expects to maintain its 55 cent per share quarterly dividend.
TheStreet has coverage of Olive Garden's bid to turn around flagging sales here.
TheStreet Ratings team rates DARDEN RESTAURANTS INC as a Hold with a ratings score of C+. TheStreet Ratings Team has this to say about their recommendation:
"We rate DARDEN RESTAURANTS INC (DRI) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins."
Highlights from the analysis by TheStreet Ratings Team goes as follows: