Canaccord Genuity Believes Darden (NYSE: DRI) Won’t Stop Here

By Austin Angelo

In a report released today, Lynne Collier from Canaccord Genuity reiterated a Buy rating on Darden (NYSE: DRI), with a price target of $102. The company’s shares opened today at $92.12, close to its 52-week high of $93.02.

According to TipRanks.com, Collier is a 5-star analyst with an average return of 19.0% and a 75.0% success rate. Collier covers the Services sector, focusing on stocks such as Brinker International, The Chefs’ Warehouse, and Thomson Reuters Corp.

Darden has an analyst consensus of Moderate Buy, with a price target consensus of $85.70.

The company has a one year high of $93.02 and a one year low of $59.50. Currently, Darden has an average volume of 1.55M.

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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 in the United States. The LongHorn Steakhouse segment includes the results of the company-owned LongHorn Steakhouse restaurants in the United States of America. The Fine Dining segment accumulates the premium brands that operate within the fine-dining sub-segment of full-service dining and includes the results of its company-owned The Capital Grille and Eddie V’s restaurants in the United States of America. The Other Business segment aggregates the remaining brands and includes the results of its company-owned Yard House, Seasons 52 and Bahama Breeze restaurants in the United States of America. This segment also includes results from franchises and consumer-packaged goods sales. The company was founded by William B. Darden in 1938 and is headquartered in Orlando, FL.