Investment Firm Increases Holdings in Darden Restaurants, Inc. (NYSE:DRI) by 62.6%

Are you interested in learning more about the recent activity surrounding Darden Restaurants, Inc. (NYSE:DRI)? Well, you’re in luck because we have all the latest updates on insider buying and selling, analyst price targets, and the company’s performance.

First off, BI Asset Management Fondsmaeglerselskab A S increased its holdings in Darden Restaurants by a significant 62.6% in the 4th quarter, showing confidence in the restaurant operator’s stock. Other institutional investors have also made changes to their positions in DRI, indicating a positive outlook on the company’s future.

In terms of insider activity, Director William S. Simon and SVP Matthew R. Broad recently sold shares of Darden Restaurants, with insiders collectively selling 13,599 shares of company stock in the last three months. This could be an important factor to consider when evaluating the company’s performance.

Analysts have set new price targets for Darden Restaurants, with five investment analysts rating the stock as a hold and sixteen as a buy. The consensus target price for DRI is $178.67, indicating potential growth in the stock.

Darden Restaurants has a market cap of $17.62 billion and a P/E ratio of 17.30, with a fifty-two week low of $133.36 and a high of $176.84. The company recently announced a stock buyback program and a quarterly dividend, further showcasing its commitment to shareholder value.

Overall, Darden Restaurants continues to show strong performance and potential for growth in the future. If you’re interested in staying up to date on the latest news and analysis for DRI, be sure to visit HoldingsChannel.com for the most recent filings and insider trades.