The **asset management** climate for **Darden Restaurants, Inc. (NYSE:DRI)** has seen both increase and decrease in holdings. While **Nomura Asset Management Co. Ltd**, **Assetmark Inc**, **Robeco Institutional Asset Management B.V**, **Janney Montgomery Scott LLC** and more have decreased their stock holdings, companies like **Portfolio Design Labs LLC**, **Norges Bank**, **Team Hewins LLC**, and **SageView Advisory Group LLC**, have invested or increased their stake in DRI. Despite the struggles in the operating environment, Darden Restaurants sees value in long-term investment and shows promise as a dividend growth stock. Nevertheless, analysts from firms like **JP Morgan Chase & Co.** reduced the price target for the company's stocks. The hospitality corporation has experienced mixed performance in the stock market, navigating through crashes and strong trading days. Interestingly, insiders including President of SRG, Melvin Martin, and director William Simon have sold their stocks. Despite such moves, Darden's P/E ratio still appears reasonable, with buy ratings maintained by analysts at **Citigroup** and **BTIG upgrades**. Darden Restaurants remains an inviting investment opportunity, even in potential market crashes, although the company has recently faced headwinds presenting potential investment opportunities. Despite a decrease in expenditure by lower-income consumers and a trim in its outlook, the restaurant chain's ability to manage its debt responsibly could be a valuable asset for an investor’s consideration.
Darden Restaurants Stocks DRI News Analytics from Thu, 22 Jun 2023 07:00:00 GMT to Thu, 30 May 2024 11:19:17 GMT -
Rating 4
- Innovation -2
- Information 7
- Rumor -3
