Darden Restaurants (NYSE:DRI) received a $99.00 price target from stock analysts at BMO Capital Markets in a research report issued on Friday. The brokerage currently has a “hold” rating on the restaurant operator’s stock. BMO Capital Markets’ price target points to a potential upside of 1.00% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the stock. SunTrust Banks set a $104.00 price target on shares of Darden Restaurants and gave the company a “hold” rating in a research report on Thursday. Stephens reissued an “equal weight” rating and issued a $95.00 price target on shares of Darden Restaurants in a research report on Tuesday, September 26th. Oppenheimer reissued a “buy” rating and issued a $100.00 price target on shares of Darden Restaurants in a research report on Wednesday, September 20th. Jefferies Group reissued a “hold” rating and issued a $82.00 price target (down previously from $90.00) on shares of Darden Restaurants in a research report on Wednesday, September 27th. Finally, Zacks Investment Research cut shares of Darden Restaurants from a “buy” rating to a “hold” rating in a research report on Monday, December 18th. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and ten have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $95.32.

Darden Restaurants (NYSE:DRI) opened at $98.02 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.34 and a quick ratio of 0.20. Darden Restaurants has a 1 year low of $71.43 and a 1 year high of $100.11. The company has a market cap of $12,108.80, a P/E ratio of 25.13, a price-to-earnings-growth ratio of 1.90 and a beta of 0.20.

In related news, SVP Douglas J. Milanes sold 4,300 shares of the business’s stock in a transaction on Wednesday, January 10th. The shares were sold at an average price of $97.05, for a total value of $417,315.00. Following the completion of the sale, the senior vice president now directly owns 7,513 shares of the company’s stock, valued at $729,136.65. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Eugene I. Lee, Jr. sold 59,783 shares of the business’s stock in a transaction on Wednesday, January 10th. The shares were sold at an average price of $96.80, for a total transaction of $5,786,994.40. Following the completion of the sale, the insider now directly owns 164,396 shares of the company’s stock, valued at $15,913,532.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 74,866 shares of company stock valued at $7,252,094. Corporate insiders own 0.63% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the stock. D.A. Davidson & CO. lifted its position in Darden Restaurants by 1.7% in the second quarter. D.A. Davidson & CO. now owns 1,271 shares of the restaurant operator’s stock valued at $114,000 after acquiring an additional 21 shares during the last quarter. M&R Capital Management Inc. purchased a new stake in Darden Restaurants in the second quarter valued at $108,000. Moisand Fitzgerald Tamayo LLC purchased a new stake in Darden Restaurants in the third quarter valued at $115,000. Grove Bank & Trust lifted its position in Darden Restaurants by 155.6% in the third quarter. Grove Bank & Trust now owns 1,840 shares of the restaurant operator’s stock valued at $145,000 after acquiring an additional 1,120 shares during the last quarter. Finally, Carlson Capital Management purchased a new stake in Darden Restaurants in the fourth quarter valued at $229,000. 91.45% of the stock is owned by hedge funds and other institutional investors.

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Darden Restaurants Company Profile

Darden Restaurants, Inc is a full-service restaurant company. The Company owned and operated 1,536 restaurants through its subsidiaries in the United States and Canada, as of May 29, 2016. The Company’s segments include Olive Garden, LongHorn Steakhouse, Fine Dining (which includes The Capital Grille, and Eddie V’s Prime Seafood and Wildfish Seafood Grille (Eddie V’s)) and Other Business (which includes Yard House, Seasons 52, Bahama Breeze, consumer-packaged goods and franchise revenues).

Analyst Recommendations for Darden Restaurants (NYSE:DRI)

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