Darden Restaurants (NYSE:DRI)‘s stock had its “market perform” rating reissued by Wells Fargo & Co in a report released on Tuesday, The Fly reports. They currently have a $99.00 price target on the restaurant operator’s stock, up from their previous price target of $92.00. Wells Fargo & Co’s price objective suggests a potential upside of 1.00% from the company’s previous close.

Several other equities analysts have also issued reports on DRI. Morgan Stanley reaffirmed an “equal weight” rating and set a $88.00 price objective (down previously from $93.00) on shares of Darden Restaurants in a report on Wednesday, September 27th. Canaccord Genuity reissued a “buy” rating and set a $97.00 price target on shares of Darden Restaurants in a report on Wednesday, September 27th. BMO Capital Markets reissued a “market perform” rating and set a $85.00 price target (down previously from $87.00) on shares of Darden Restaurants in a report on Wednesday, September 27th. Zacks Investment Research raised Darden Restaurants from a “hold” rating to a “buy” rating and set a $111.00 price target on the stock in a report on Monday, January 8th. Finally, Royal Bank of Canada lowered their price target on Darden Restaurants from $96.00 to $90.00 and set a “sector perform” rating on the stock in a report on Wednesday, September 27th. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and ten have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $95.32.

Shares of Darden Restaurants (NYSE:DRI) traded up $0.42 during mid-day trading on Tuesday, hitting $98.02. The company’s stock had a trading volume of 1,076,331 shares, compared to its average volume of 1,725,388. The stock has a market capitalization of $12,056.90, a price-to-earnings ratio of 25.13, a price-to-earnings-growth ratio of 1.89 and a beta of 0.20. Darden Restaurants has a 12 month low of $71.43 and a 12 month high of $100.11. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.20 and a current ratio of 0.34.

In related news, SVP Douglas J. Milanes sold 4,300 shares of the firm’s stock in a transaction dated 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 owns 7,513 shares in the company, valued at $729,136.65. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Ricardo Cardenas sold 10,783 shares of the firm’s stock in a transaction dated Wednesday, January 10th. The shares were sold at an average price of $97.17, for a total transaction of $1,047,784.11. Following the completion of the sale, the chief financial officer now owns 20,046 shares of the company’s stock, valued at approximately $1,947,869.82. The disclosure for this sale can be found here. In the last 90 days, insiders sold 74,866 shares of company stock valued at $7,252,094. 0.63% of the stock is owned by insiders.

A number of large investors have recently made changes to their positions in DRI. D.A. Davidson & CO. lifted its position in shares of Darden Restaurants by 1.7% during the 2nd 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 period. M&R Capital Management Inc. acquired a new stake in shares of Darden Restaurants during the 2nd quarter valued at approximately $108,000. Moisand Fitzgerald Tamayo LLC acquired a new stake in shares of Darden Restaurants during the 3rd quarter valued at approximately $115,000. Grove Bank & Trust lifted its position in shares of Darden Restaurants by 155.6% during the 3rd 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 period. Finally, Carlson Capital Management acquired a new stake in shares of Darden Restaurants during the 4th quarter valued at approximately $229,000. Hedge funds and other institutional investors own 91.45% of the company’s stock.

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About Darden Restaurants

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).

The Fly

Analyst Recommendations for Darden Restaurants (NYSE:DRI)

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