In a report released today, Christopher O`Cull from Stifel Nicolaus maintained a Buy rating on Darden (NYSE: DRI), with a price target of $135. The company’s shares closed yesterday at $116.45, close to its 52-week high of $124.
According to TipRanks.com, O`Cull is a 4-star analyst with an average return of 13.4% and a 72.4% success rate. O`Cull covers the Services sector, focusing on stocks such as Papa John’s International, Jack In The Box Inc, and Red Robin Gourmet.
Currently, the analyst consensus on Darden is a Moderate Buy with an average price target of $120.69, which is a 3.6% upside from current levels. In a report issued on September 11, Goldman Sachs also upgraded the stock to Buy with a $130 price target.
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Based on Darden’s latest earnings release for the quarter ending August 31, the company reported a quarterly net profit of $166 million. In comparison, last year the company had a net profit of $119 million.
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.
