Darden Restaurants (NYSE:DRI) Rating Reaffirmed
RBC Capital Mkts now has a $68 Estimated Target Price on the $8.01B market cap company or 8.80% upside potential. In a recent research report revealed on Monday, 21 December, Darden Restaurants (NYSE:DRI) shares have had their “Sector Perform” Rating has decided to restate by investment analysts at RBC Capital Mkts.
From a total of 22 analysts covering Darden Restaurants (NYSE:DRI) stock, 0 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that NaN of the ratings are positive. The highest target price is $80 while the lowest target price is $55. The mean of all analyst targets is $67.22 with a 12.44% above today’s ($62.64) stock price. Darden Restaurants was the topic of 12 analyst reports since August 25, 2015 according to the firm StockzIntelligence Inc. Credit Suisse maintained shares on November 13 with “Outperform” rating. Suntrust Robinson initiated shares with “Neutral” rating and $71 target share price in a report from an October 8. Maxim Group maintained DRI stock in a recent report from November 11 with “Buy” rating. Finally, SunTrust initiated the stock with “Neutral” rating in a report issued on an October 8.
The stock increased 7.26% or $4.24 on December 18, striking $62.64. Approximately shares of stock traded hands. Darden Restaurants, Inc. (NYSE:DRI) has declined 2.45% since May 18, 2015 and is downtrending. It has outperformed by 3.36% the S&P500.
The overall sentiment of institutions has decreased to 0.87 in Q2 2015. Its down 0.33, from 1.2 in 2015Q2. The ratio turned negative, as 60 institutions have sold all the shares of Darden Restaurants, Inc. that they owned while 208 funds have taken shares off the table. 63 funds have purchased shares for the first time while 169 added to their positions. These institutions now hold 121.18 million shares or 17.50% more than the 103.13 million shares they owned in 2015Q2.
The Fund Starboard Value Lp currently is holding shares equating to 17.81% of its total portfolio in Darden Restaurants, Inc. representing a total of 11.64 million shares. Another fund,13D Management Llc, is holding a total of 409,373 shares equating to 7.47% of their holdings. Additionally, Starwood Real Estate Securities Llc has a 105,552 share stake in Darden Restaurants, Inc. which represents 3.92% of their total portfolio. The Fund, Argent Capital Management Llc, based out of Missouri, has also built up a stake in the stock, which represents a total of 2.83% of their total portfolio. Finally Roosevelt Investment Group Inc, a fund which is based in the state of New York reported a total holdings of 558,669 shares.
Insider activity is a very important aspect to track on any stock. Going back to March 26, 2015, shareholders of Darden Restaurants, Inc. have witnessed 3 insider buys, and a total of 4 insider sales equating to a net activity of approximately $3.10 million . Sonsteby Charles M bought 500 shares worth approximately $33,205. Fogarty James P bought 2,900 shares worth approximately $204,450. Insignares Valerie L. sold 5,090 shares worth approximately $377,280. Richmond C Bradford sold 15,620 shares worth approximately $1.17 million. The company insider George David C sold 11,768 shares worth $840,918.
Darden Restaurants, Inc. is a full service restaurant company. The company has a market cap of $8.01 billion. The Firm owns and operates more than 1,500 restaurants. It has 27.04 P/E ratio. The Company’s restaurant brands include Olive Garden, LongHorn Steakhouse, Bahama Breeze, Seasons 52, The Capital Grille, Eddie V’s Prime Seafood, Wildfish Seafood Grill and Yard House.
According to Zacks Investment Research, “Darden Restaurants, Inc. is the world’s largest casual dining restaurant company based on market share, sales and number of company-owned and operated restaurants. Darden through its subsidiaries, engages in the ownership and operation of casual dining restaurants in the United States and Canada.”