Darden Restaurants Inc. (DRI) has dominated the headlines, observing a consistent upward trajectory in its stock value. The firm has set a new 12-month high, leading it to an upgrade to a 'Buy' rating. The bullish aspect comes as DRI also demonstrated robust earnings, contributing to the stock's rise. Notably, the company's chief restaurants like Olive Garden and LongHorn Steakhouse have fuelled significant sales growth. The stock's performance has gained interest from various investment institutions such as Willis Investment Counsel, Jennison Associates LLC, and Comprehensive Financial Consultants Institutional Inc, all raising their holdings in DRI. This is in sync with optimistic predictions for the quarter to come.
However, some insiders have sold significant proportions of their shares, potentially alluding to perceived future weaknesses. Mirroring this, some entities like Forsta AP Fonden and Kingswood Wealth Advisors LLC have lowered their stakes. Despite this, DRI's stock hit an all-time high of $189.66 - their solid operational performance and bullish market sentiments set their price target to $210.00 for 2025. Consequently, there's a consensus rating of \"Moderate Buy\" from analysts with growth backed by strong financial results from Q2 earnings.
Darden Restaurants Stocks DRI News Analytics from Thu, 21 Mar 2024 07:00:00 GMT to Sat, 08 Feb 2025 04:59:03 GMT - Rating 8 - Innovation -1 - Information 7 - Rumor -4
