Darden (DRI) Gets a Hold Rating from Wedbush


Wedbush analyst Nick Setyan maintained a Hold rating on Darden (DRI) today and set a price target of $130. The company’s shares closed yesterday at $123.03, close to its 52-week high of $125.33.

According to TipRanks.com, Setyan is a 4-star analyst with an average return of 4.6% and a 57.8% success rate. Setyan covers the Services sector, focusing on stocks such as Dine Brands Global Inc, Del Taco Restaurants, and Jack In The Box Inc.

Currently, the analyst consensus on Darden is a Moderate Buy with an average price target of $127.86.

See today’s analyst top recommended stocks >>

Based on Darden’s latest earnings release for the quarter ending February 28, the company reported a quarterly net profit of $224 million. In comparison, last year the company had a net profit of $218 million.

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.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts