In a report released yesterday, David Palmer from Evercore ISI maintained a Hold rating on Darden (DRI – Research Report), with a price target of $165.00. The company’s shares closed last Monday at $131.29.
According to TipRanks.com, Palmer is a 5-star analyst with an average return of 7.9% and a 63.6% success rate. Palmer covers the Consumer Goods sector, focusing on stocks such as Mondelez International, Conagra Brands, and Hain Celestial.
Darden has an analyst consensus of Moderate Buy, with a price target consensus of $158.42, representing a 22.6% upside. In a report issued on March 24, Jefferies also maintained a Hold rating on the stock with a $146.00 price target.
Darden’s market cap is currently $16.61B and has a P/E ratio of 16.37.
Based on the recent corporate insider activity of 59 insiders, corporate insider sentiment is neutral on the stock. 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.
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