BMO Capital Keeps Their Hold Rating on Darden

By Ryan Adsit

In a report released today, Andrew Strelzik from BMO Capital reiterated a Hold rating on Darden (NYSE: DRI), with a price target of $99. The company’s shares opened today at $98.02, close to its 52-week high of $100.11.

According to, Strelzik is a 3-star analyst with an average return of 4.4% and a 63.8% success rate. Strelzik covers the Services sector, focusing on stocks such as Dave & Busters Entertainment, Brinker International, and Buffalo Wild Wings.

Currently, the analyst consensus on Darden is Moderate Buy and the average price target is $102.65, representing a 4.7% upside.

In a report released yesterday, Credit Suisse also maintained a Hold rating on the stock with a $95 price target.

The company has a one-year high of $100.11 and a one-year low of $71.43. Currently, Darden has an average volume of 1.59M.

Based on the recent corporate insider activity of 14 insiders, corporate insider sentiment is negative on the stock. Earlier this month, Eugene Lee, the President & CEO of DRI sold 59,783 shares for a total of $5,786,994.

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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.