Credit Suisse Remains a Hold on Darden

By Jason Carr

Credit Suisse analyst Jason West maintained a Hold rating on Darden (NYSE: DRI) yesterday and set a price target of $95. The company’s shares opened today at $97.99, close to its 52-week high of $100.11.

According to TipRanks.com, West is a 5-star analyst with an average return of 14.1% and a 71.4% success rate. West covers the Services sector, focusing on stocks such as Restaurant Brands International, Buffalo Wild Wings, and Ruth’s Hospitality.

Currently, the analyst consensus on Darden is Moderate Buy and the average price target is $102.76, representing a 4.9% upside.

In a report issued on January 2, SunTrust Robinson also reiterated a Hold rating on the stock with a $109 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 1.61M.

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.

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.