Darden Restaurants (NYSE:DRI)‘s stock had its “overweight” rating reaffirmed by equities research analysts at Barclays in a report released on Tuesday, Marketbeat reports. They currently have a $116.00 target price on the restaurant operator’s stock, up from their previous target price of $108.00. Barclays’ price target would suggest a potential upside of 19.02% from the company’s current price.

Several other equities analysts have also recently issued reports on the company. SunTrust Banks set a $104.00 price target on Darden Restaurants and gave the company a “hold” rating in a research report on Thursday, January 11th. Stephens restated 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 restated 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 restated 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 Darden Restaurants from a “buy” rating to a “hold” rating in a research report on Monday, December 18th. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and eleven have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $96.22.

Darden Restaurants (NYSE:DRI) traded up $0.72 during trading on Tuesday, hitting $97.46. The stock had a trading volume of 1,212,300 shares, compared to its average volume of 1,575,927. Darden Restaurants has a fifty-two week low of $71.43 and a fifty-two week high of $100.11. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.34 and a quick ratio of 0.20. The stock has a market cap of $12,040.00, a P/E ratio of 24.55, a P/E/G ratio of 1.87 and a beta of 0.20.

Darden Restaurants (NYSE:DRI) last posted its earnings results on Tuesday, December 19th. The restaurant operator reported $0.73 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.03. Darden Restaurants had a return on equity of 26.24% and a net margin of 6.46%. sell-side analysts forecast that Darden Restaurants will post 4.76 earnings per share for the current year.

In related news, insider Eugene I. Lee, Jr. sold 59,783 shares of the company’s stock in a transaction that occurred on Wednesday, January 10th. The stock was sold at an average price of $96.80, for a total value of $5,786,994.40. Following the sale, the insider now owns 164,396 shares in the company, valued at approximately $15,913,532.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Ricardo Cardenas sold 10,783 shares of the company’s stock in a transaction that occurred on Wednesday, January 10th. The stock was sold at an average price of $97.17, for a total value of $1,047,784.11. Following the completion of the sale, the chief financial officer now owns 20,046 shares in the company, valued at approximately $1,947,869.82. The disclosure for this sale can be found here. Insiders have sold a total of 74,866 shares of company stock worth $7,252,094 in the last quarter. 0.63% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Fox Run Management L.L.C. acquired a new stake in shares of Darden Restaurants in the 4th quarter worth approximately $343,000. Sippican Capital Advisors acquired a new stake in shares of Darden Restaurants in the 4th quarter worth approximately $224,000. Trust Department MB Financial Bank N A acquired a new stake in shares of Darden Restaurants in the 4th quarter worth approximately $720,000. Oak Point Wealth Management acquired a new stake in shares of Darden Restaurants in the 4th quarter worth approximately $510,000. Finally, Carlson Capital Management acquired a new stake in shares of Darden Restaurants in the 4th quarter worth approximately $229,000. Institutional investors and hedge funds own 91.83% of the company’s stock.

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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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