Wells Fargo Sticks to Their Hold Rating for Darden (DRI)

Wells Fargo analyst John Parke reiterated a Hold rating on Darden (DRI – Research Report) today and set a price target of $155.00. The company’s shares opened today at $149.53.

According to TipRanks, Parke is an analyst with an average return of -36.5% and a 40.00% success rate. Parke covers the Consumer Cyclical sector, focusing on stocks such as Brinker International, Texas Roadhouse, and Cheesecake Factory.

In addition to Wells Fargo, Darden also received a Hold from Robert W. Baird’s David Tarantino in a report issued on September 18. However, on the same day, RBC Capital assigned a Buy rating to Darden (NYSE: DRI).

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The company has a one-year high of $173.06 and a one-year low of $116.26. Currently, Darden has an average volume of 1.16M.

Based on the recent corporate insider activity of 67 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. Last month, Eugene Lee, a Director at DRI sold 74,741.00 shares for a total of $12,473,713.81.

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 (DRI) Company Description:

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. The LongHorn Steakhouse segment includes the results of the company-owned LongHorn Steakhouse restaurants. The Fine Dining segment comprises of 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. The Other Business segment aggregates the remaining brands and includes the results of its company-owned Cheddar’s Scratch Kitchen, Yard House, Seasons 52 and Bahama Breeze restaurants; and from franchises and consumer-packaged goods sales. The company was founded by William B. Darden in 1938 and is headquartered in Orlando, FL.

Read More on DRI:

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