SG Americas Securities LLC,
Oppenheimer Asset Management Inc.,
Nordea Investment Management AB, and others have recently
sold shares of Darden Restaurants, Inc. (NYSE:DRI), while institutions like
Texas Permanent School Fund Corp,
Concord Investment Counsel Inc., and
J.W. Cole Advisors Inc have
increased their stock holdings. Despite concerns about consumers spending less due to the pandemic, Darden's shares have remained resilient. Analysts generally regard it as a
'Moderate Buy', providing it with a $174.24 average price target. Moreover, the company's strong fundamentals and respectable
returns (66% over the past five years) underpin its long-term value. On the other hand, Darden's stock has been downgraded by Jefferies Financial Group to 'Underperform'. Additionally, there's also debate over the company's ability to allocate its capital effectively. Lastly, after beating Q4 Earnings estimates, Darden upped its guidance as its sales climbed.
Darden Restaurants Stocks DRI News Analytics from Fri, 15 Dec 2023 08:00:00 GMT to Sun, 14 Jul 2024 15:22:44 GMT -
Rating -3
- Innovation 0
- Information 7
- Rumor -6
