Blurbs

Darden (DRI) Receives a Hold from Wedbush

Wedbush analyst Nick Setyan maintained a Hold rating on Darden (DRIResearch Report) yesterday and set a price target of $140.00. The company’s shares closed last Thursday at $132.40.

According to TipRanks.com, Setyan is a 4-star analyst with an average return of 7.5% and a 47.7% success rate. Setyan covers the Services sector, focusing on stocks such as Papa John’s International, The ONE Group Hospitality, and Brinker International.

Darden has an analyst consensus of Strong Buy, with a price target consensus of $160.00, implying a 22.1% upside from current levels. In a report issued on March 18, Evercore ISI also initiated coverage with a Hold rating on the stock with a $165.00 price target.

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The company has a one-year high of $164.28 and a one-year low of $116.04. Currently, Darden has an average volume of 1.26M.

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.

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