Darden (DRI) Receives a Buy from Piper Jaffray

By Jason Carr

In a report released today, Nicole Miller Regan from Piper Jaffray maintained a Buy rating on Darden (DRIResearch Report), with a price target of $128. The company’s shares closed last Monday at $120.68.

According to TipRanks.com, Regan is a 5-star analyst with an average return of 6.6% and a 58.7% success rate. Regan covers the Services sector, focusing on stocks such as Restaurant Brands International, ONE Group Hospitality Inc/The, and Dave & Busters Entertainment.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Darden with a $129.31 average price target, representing a 7.2% upside. In a report released today, SunTrust Robinson also maintained a Buy rating on the stock with a $139 price target.

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Darden’s market cap is currently $14.82B and has a P/E ratio of 21.01. The company has a Price to Book ratio of 6.21.

Based on the recent corporate insider activity of 47 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of DRI in relation to earlier this year.

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. is a full-service restaurant company, which 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.