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Barclays Believes Darden (DRI) Still Has Room to Grow


In a report issued on September 14, Jeff Bernstein from Barclays maintained a Buy rating on Darden (NYSE: DRI), with a price target of $127. The company’s shares closed on Friday at $119.05, close to its 52-week high of $120.93.

According to TipRanks.com, Bernstein is a 4-star analyst with an average return of 8.3% and a 69.4% success rate. Bernstein covers the Services sector, focusing on stocks such as Brinker International, BJ’s Restaurants, and McDonald’s Corp.

Darden has an analyst consensus of Moderate Buy, with a price target consensus of $117.31, implying a -1.5% downside from current levels. In a report issued on September 5, Stifel Nicolaus also maintained a Buy rating on the stock with a $125 price target.

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Darden’s market cap is currently $14.7B and has a P/E ratio of 25.22. The company has a Price to Book ratio of 6.70.

Based on the recent corporate insider activity of 30 insiders, corporate insider sentiment is negative on the stock. Most recently, in July 2018, William S. Simon, a Director at DRI sold 2,418 shares for a total of $271,034.

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. 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.