Darden (DRI) Gets a Buy Rating from Maxim Group

In a report released today, Stephen Anderson from Maxim Group maintained a Buy rating on Darden (DRI), with a price target of $132. The company’s shares opened today at $118.90.

According to TipRanks.com, Anderson is a 5-star analyst with an average return of 8.3% and a 64.0% success rate. Anderson covers the Services sector, focusing on stocks such as Dave & Busters Entertainment, Good Times Restaurants Inc, and Famous Dave’s Of America.

Darden has an analyst consensus of Moderate Buy, with a price target consensus of $129, implying an 8.5% upside from current levels. In a report issued on June 11, Evercore ISI also initiated coverage with a Buy rating on the stock with a $135 price target.

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The company has a one-year high of $125.33 and a one-year low of $91.34. Currently, Darden has an average volume of 1.37M.

Based on the recent corporate insider activity of 29 insiders, corporate insider sentiment is negative on the stock. Most recently, in March 2019, Eugene Lee, the President & CEO of DRI sold 73,152 shares for a total of $8,676,559.

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.