In a report released on December 16, Peter Saleh from BTIG maintained a Hold rating on Darden (DRI – Research Report). The company’s shares closed last Friday at $139.90.
Saleh covers the Services sector, focusing on stocks such as Chipotle, Darden, and Domino’s Pizza. According to TipRanks, Saleh has an average return of 10.9% and a 60.38% success rate on recommended stocks.
Currently, the analyst consensus on Darden is a Moderate Buy with an average price target of $146.47.
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The company has a one-year high of $149.81 and a one-year low of $108.81. Currently, Darden has an average volume of 1.3M.
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 October 2022, Kiernan Daniel J., the President of DRI sold 10,290.00 shares for a total of $1,445,939.16.
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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:
- DRI Dishes Up Strong Q2 Results
- Darden reports Q2 blended same-restaurant sales increase of 7.3%
- Darden Restaurants Reports Fiscal 2023 Second Quarter Results; Declares Quarterly Dividend; And Updates Fiscal 2023 Financial Outlook
- Darden revises FY23 EPS view to $7.60-$8.00 from $7.40-$8.00, consensus $7.71
- Darden reports Q2 EPS $1.52, consensus $1.43