Maxim Group Keeps Their Hold Rating on Darden

By Jason Carr

Maxim Group analyst Stephen Anderson maintained a Hold rating on Darden (NYSE: DRI) today and set a price target of $90. The company’s shares closed yesterday at $88.68, close to its 52-week high of $93.02.

Anderson noted:

“We maintain our Hold rating on Darden Restaurants (DRI), though raise our price target to $90, from $87 ahead of the release of F4Q17 (May) earnings on Tuesday, June 27.”

According to TipRanks.com, Anderson is a 5-star analyst with an average return of 8.4% and a 66.1% success rate. Anderson covers the Services sector, focusing on stocks such as Dave & Busters Entertainment, Popeyes Louisiana Kitchen, and Brinker International.

Currently, the analyst consensus on Darden is Moderate Buy and the average price target is $86, representing a -3.0% downside.

In a report issued on June 13, Jefferies also reiterated a Hold rating on the stock with a $80 price target.

Darden’s market cap is currently $11.03B and has a P/E ratio of 22.62. The company has a book value ratio of 5.5892.

Based on the recent corporate insider activity of 11 insiders, corporate insider sentiment is negative on the stock. Most recently, in April 2017, David C. George, the President of DRI sold 84,283 shares for a total of $7,006,446.

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. 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.