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 $128. The company’s shares closed yesterday at $111.09.

Anderson noted:

“We maintain our Buy rating on Darden Restaurants (DRI) and raise our price target to $128, from $122, ahead of the release of F3Q19 (February) results on Thursday, March 21 before the open.”

According to TipRanks.com, Anderson is a 5-star analyst with an average return of 10.1% and a 65.5% success rate. Anderson covers the Services sector, focusing on stocks such as Dave & Busters Entertainment, Good Times Restaurants Inc, and Dine Brands Global Inc.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Darden with a $120.40 average price target, which is an 8.4% upside from current levels. In a report issued on March 12, Oppenheimer also reiterated a Buy rating on the stock with a $120 price target.

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Based on Darden’s latest earnings release for the quarter ending November 30, the company reported a quarterly net profit of $116 million. In comparison, last year the company had a net profit of $218 million.

Based on the recent corporate insider activity of 27 insiders, corporate insider sentiment is negative on the stock.

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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.