BMO Capital Markets set a $99.00 price target on Darden Restaurants (NYSE:DRI) in a research report released on Friday. The firm currently has a hold rating on the restaurant operator’s stock.

Several other equities research analysts have also recently weighed in on DRI. Robert W. Baird reiterated a hold rating and set a $94.00 price objective on shares of Darden Restaurants in a research report on Tuesday, September 19th. Oppenheimer reiterated a buy rating and set a $100.00 price objective on shares of Darden Restaurants in a research report on Wednesday, September 20th. Zacks Investment Research upgraded shares of Darden Restaurants from a hold rating to a buy rating and set a $94.00 price objective for the company in a research report on Friday, September 22nd. Maxim Group reiterated a hold rating and set a $90.00 price objective on shares of Darden Restaurants in a research report on Thursday, September 21st. Finally, Royal Bank of Canada reiterated a sector perform rating and set a $90.00 price objective (down from $96.00) on shares of Darden Restaurants in a research report on Friday, September 22nd. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and ten have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of $95.32.

Darden Restaurants (DRI) traded up $0.42 on Friday, hitting $98.02. 1,076,331 shares of the stock traded hands, compared to its average volume of 1,725,388. Darden Restaurants has a 52 week low of $71.43 and a 52 week 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. The firm has a market capitalization of $12,056.90, a PE ratio of 25.13, a PEG ratio of 1.89 and a beta of 0.20.

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Investors of record on Wednesday, January 10th will be paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 2.57%. The ex-dividend date is Tuesday, January 9th. Darden Restaurants’s dividend payout ratio is presently 64.62%.

In other Darden Restaurants news, insider Eugene I. Lee, Jr. sold 59,783 shares of the firm’s stock in a transaction on Wednesday, January 10th. The shares were sold at an average price of $96.80, for a total value of $5,786,994.40. Following the transaction, the insider now directly owns 164,396 shares of the company’s stock, valued at $15,913,532.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Douglas J. Milanes sold 4,300 shares of the firm’s stock in a transaction on Wednesday, January 10th. The shares were sold at an average price of $97.05, for a total transaction of $417,315.00. Following the completion of the transaction, the senior vice president now directly owns 7,513 shares in the company, valued at $729,136.65. The disclosure for this sale can be found here. Over the last three months, insiders have sold 74,866 shares of company stock worth $7,252,094. 0.63% of the stock is owned by insiders.

Several institutional investors have recently added to or reduced their stakes in the business. D.A. Davidson & CO. lifted its stake in shares of 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 buying an additional 21 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of Darden Restaurants by 0.3% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,238 shares of the restaurant operator’s stock valued at $835,000 after buying an additional 28 shares in the last quarter. Argent Capital Management LLC lifted its stake in shares of Darden Restaurants by 2.0% in the second quarter. Argent Capital Management LLC now owns 5,125 shares of the restaurant operator’s stock valued at $464,000 after buying an additional 100 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its stake in shares of Darden Restaurants by 1.8% in the second quarter. Oppenheimer Asset Management Inc. now owns 6,345 shares of the restaurant operator’s stock valued at $573,000 after buying an additional 114 shares in the last quarter. Finally, Oppenheimer & Co. Inc. lifted its stake in shares of Darden Restaurants by 2.2% in the second quarter. Oppenheimer & Co. Inc. now owns 5,667 shares of the restaurant operator’s stock valued at $513,000 after buying an additional 121 shares in the last quarter. 91.45% of the stock is currently owned by hedge funds and other institutional investors.

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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).

Analyst Recommendations for Darden Restaurants (NYSE:DRI)

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