RBC Capital Remains a Hold on Darden

By Carrie Williams

RBC Capital analyst David Palmer reiterated a Hold rating on Darden (NYSE: DRI) today and set a price target of $86. The company’s shares opened today at $93.01, close to its 52-week high of $95.22.

According to TipRanks.com, Palmer is a top 100 analyst with an average return of 12.2% and a 75.1% success rate. Palmer covers the Services sector, focusing on stocks such as Restaurant Brands International, Brinker International, and McDonald’s Corp.

Currently, the analyst consensus on Darden is Moderate Buy and the average price target is $87.18, representing a -6.3% downside.

In a report issued on June 21, Maxim Group also maintained a Hold rating on the stock with a $90 price target.

The company has a one year high of $95.22 and a one year low of $59.50. Currently, Darden has an average volume of 1.59M.

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.