In a report released today, John Glass from Morgan Stanley maintained a Hold rating on Darden (NYSE: DRI), with a price target of $112. The company’s shares closed yesterday at $116.45, close to its 52-week high of $124.
According to TipRanks.com, Glass is a 4-star analyst with an average return of 11.0% and a 60.3% success rate. Glass covers the Services sector, focusing on stocks such as Restaurant Brands International, Chipotle, and Wingstop.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Darden with a $121.06 average price target, implying a 4.0% upside from current levels. In a report issued on September 10, Robert W. Baird also downgraded the stock to Hold.
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The company has a one-year high of $124 and a one-year low of $77.55. Currently, Darden has an average volume of 1.43M.
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.
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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.
