In a report released today, Jeff Bernstein from Barclays maintained a Buy rating on Darden (NYSE: DRI), with a price target of $121. The company’s shares closed yesterday at $110.38, close to its 52-week high of $112.32.
According to TipRanks.com, Bernstein is a 5-star analyst with an average return of 9.0% and a 69.5% success rate. Bernstein covers the Services sector, focusing on stocks such as Brinker International, Jack In The Box Inc, and BJ’s Restaurants.
Currently, the analyst consensus on Darden is a Moderate Buy with an average price target of $115.14.
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Darden’s market cap is currently $13.66B and has a P/E ratio of 23.39. The company has a Price to Book ratio of 6.43.
Based on the recent corporate insider activity of 22 insiders, corporate insider sentiment is negative on the stock. Earlier this month, 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 in the United States.
