EP Wealth Advisors LLC and Capital International Inc. CA hold significant positions in Darden Restaurants, Inc. (NYSE:DRI), while Lazard Asset Management LLC and ProShare Advisors LLC have significantly reduced their stock holdings. M&G Plc and UniSuper Management Pty Ltd are notable new buyers. There have also been insider sales, with Melvin John Martin selling 2,500 shares and President of SRG, Melvin Martin, also offloading shares.
Analysts reflect mixed sentiments with firms like Wedbush, Stephens, and UBS maintaining a positive outlook while TD Cowen downgraded it to a 'Hold'. The stock's price target has been lowered to $159 by Piper Sandler.
The company seems to be adapting well to the current market dynamics, with their recent acquisition of Ruth's Chris bolstering the same-store sales. However, lower-income customers of Olive Garden and Ruth’s Chris are spending significantly less. The dividend is increasing to $1.40. Despite some bearish warnings, there is a general outlook of Darden Restaurants being a value stock for long-term investment.
Darden Restaurants Stocks DRI News Analytics from Wed, 15 Apr 2020 07:00:00 GMT to Sun, 28 Jul 2024 19:46:39 GMT - Rating 1 - Innovation 0 - Information 4 - Rumor -5
