Barclays Keeps a Buy Rating on Darden (DRI)


In a report released today, Jeff Bernstein from Barclays maintained a Buy rating on Darden (DRI), with a price target of $126.00. The company’s shares closed last Monday at $109.14.

According to TipRanks.com, Bernstein is a 5-star analyst with an average return of 9.0% and a 71.6% success rate. Bernstein covers the Services sector, focusing on stocks such as Restaurant Brands International, Dine Brands Global Inc, and Performance Food Group.

Currently, the analyst consensus on Darden is a Moderate Buy with an average price target of $130.54.

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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 $171 million. In comparison, last year the company had a net profit of $166 million.

Based on the recent corporate insider activity of 45 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of DRI in relation to earlier this year.

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. is a full-service restaurant company, which 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.

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