After Robert W. Baird and KeyBanc gave Darden (NYSE: DRI) a Buy rating last month, the company received another Buy, this time from Raymond James. Analyst Brian Vaccaro maintained a Buy rating on Darden today and set a price target of $153.00. The company’s shares closed last Thursday at $132.40.
According to TipRanks.com, Vaccaro is a 4-star analyst with an average return of 6.7% and a 48.6% success rate. Vaccaro covers the Services sector, focusing on stocks such as First Watch Restaurant Group, Dave & Busters Entertainment, and Brinker International.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Darden with a $158.69 average price target, representing a 21.1% upside. In a report issued on March 21, Robert W. Baird also maintained a Buy rating on the stock with a $160.00 price target.
Based on Darden’s latest earnings release for the quarter ending November 30, the company reported a quarterly revenue of $2.27 billion and net profit of $193 million. In comparison, last year the company earned revenue of $1.66 billion and had a net profit of $96 million.
Based on the recent corporate insider activity of 61 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of DRI in relation to earlier this year. Most recently, in January 2022, Eugene Lee, the Chairman & CEO of DRI sold 76,725 shares for a total of $11,690,882.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Darden Restaurants, Inc. is a full-service restaurant company, which engages in the provision of restaurant services. It operates through the following segments: Olive Garden, LongHorn Steakhouse, Fine Dining, and Other Business. The Olive Garden segment is the largest full-service dining Italian restaurant operator. The LongHorn Steakhouse segment includes the results of the company-owned LongHorn Steakhouse restaurants. The Fine Dining segment comprises of the premium brands that operate within the fine-dining sub-segment of full-service dining and includes the results of its company-owned The Capital Grille and Eddie V’s restaurants. The Other Business segment aggregates the remaining brands and includes the results of its company-owned Cheddar’s Scratch Kitchen, Yard House, Seasons 52 and Bahama Breeze restaurants; and from franchises and consumer-packaged goods sales. The company was founded by William B. Darden in 1938 and is headquartered in Orlando, FL.
Read More on DRI:
- Wall Street Analysts Are Bullish on Top Healthcare Picks
- Wall Street Analysts Are Bullish on Top Consumer Goods Picks
- Analysts Offer Insights on Technology Companies: Factset Research (FDS), Enfusion (ENFN) and Dream Finders Homes (DFH)
- Analysts’ Top Utilities Picks: Northern Oil And Gas (NOG), Ameren (AEE)
- Siemens Gamesa Renewable Energy, S.A. (GCTAF) Gets a Sell Rating from Morgan Stanley