.png "Darden (NYSE: DRI)")
Darden (NYSE: DRI) received a Hold rating and a $112 price target from Maxim Group analyst Stephen Anderson today. The company’s shares closed on Friday at $112.09, close to its 52-week high of $112.32.
Anderson commented:
“We downgrade shares of Darden Restaurants (DRI) to Hold (from Buy) after the share price reached our $112 price target on Friday.”
According to TipRanks.com, Anderson is a top 100 analyst with an average return of 14.4% and a 74.5% success rate. Anderson covers the Services sector, focusing on stocks such as Dave & Busters Entertainment, Good Times Restaurants Inc, and Dine Brands Global Inc.
Darden has an analyst consensus of Strong Buy, with a price target consensus of $114.67.
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The company has a one-year high of $112.32 and a one-year low of $76.27. Currently, Darden has an average volume of 1.71M.
Based on the recent corporate insider activity of 21 insiders, corporate insider sentiment is negative on the stock. Last month, David C. George, the EVP & COO of DRI sold 60,970 shares for a total of $6,523,338.
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 in the United States.
