BTIG Reiterates Buy Rating on Darden Restaurants, Targets $235
BTIG analyst Peter Saleh reaffirmed a buy rating for Darden Restaurants with a $235 price target, a 13.14% upside from the current price.
Key Points
- BTIG reiterated its buy rating on Darden Restaurants, setting a price target of $235.
- BTIG's $235 price target implies 13.14% upside from Darden Restaurants, Inc.'s ($DRI) current $207.70 share price.
- Shares of Darden Restaurants traded near $209.98 on Friday, with a market cap of $24.37 billion and a P/E ratio of 20.36.
- Capital World Investors and BlackRock reduced their stakes, while Vanguard Capital Management opened a new position.
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BTIG analyst Peter Saleh reiterated his buy rating on Darden Restaurants, Inc. (NYSE:DRI) on June 26, 2026, maintaining a price target of $235. Shares of the company traded near $209.98 on Friday.
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Analysts Set New Price Targets
On June 26, BTIG maintained its buy rating for Darden Restaurants with a target price of $235. The same day, Stephens & Co. also maintained a hold rating with a target of $216. Earlier, on June 24, Guggenheim reiterated a buy rating, aligning with BTIG's target of $235. Other firms like Citigroup and B of A Securities have also maintained buy ratings, with target prices reaching up to $276.
Darden Restaurants, Inc. Stock Down 3.7%
Shares of NYSE:DRI traded around $209.98 on Friday. Darden Restaurants, with a market cap of approximately $24.37 billion, has a P/E ratio of 20.36 and a forward P/E of 17.02. The stock's 52-week range is between $169.00 and $222.56, with a 50-day moving average of $200.92 and a 200-day moving average of $195.90. The company's beta is 0.587, indicating lower volatility compared to the broader market.
$DRI price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Other Institutional Activity in Darden Restaurants
Several institutional investors have adjusted their positions in Darden Restaurants. Capital World Investors trimmed its holdings by 232,593 shares, ending with 14,928,684 shares worth about $2.93 billion. BlackRock, Inc. also reduced its stake by 280,271 shares, holding 9,649,638 shares valued at approximately $1.89 billion. Meanwhile, Vanguard Capital Management LLC opened a new position with 7,473,998 shares valued at $1.47 billion. Wellington Management Group LLP decreased its holdings by 1,228,575 shares to 6,848,992 shares, valued at $1.34 billion.
Insider Buying and Selling at Darden Restaurants, Inc.
On June 23, 2026, several insiders made purchases at Darden Restaurants. CEO Ricardo Cardenas acquired 23,249 shares, while John Wilkerson, President of Olive Garden, bought 2,325 shares. SVP and CFO Rajesh Vennam purchased 5,890 shares. Additional insider buys included Susan Connelly, Chief Communications and Public Affairs Officer, with 1,551 shares, and Laura Williamson, President of LongHorn Steakhouse, with 869 shares. Group President Melvin John Martin also bought 4,650 shares.
About Darden Restaurants
Darden Restaurants, Inc. operates a variety of full-service restaurants in the United States and Canada, including well-known chains like Olive Garden, LongHorn Steakhouse, and Cheddar's Scratch Kitchen. Headquartered in Orlando, Florida, the company is led by CEO Ricardo Cardenas and employs nearly 198,000 people.
Bottom Line
BTIG's reiterated buy rating and $235 target highlight continued confidence in Darden Restaurants' prospects. As one of the leading operators in the restaurant industry, Darden's performance is closely watched by investors. Institutional shifts and insider buying may also provide insight into market sentiment. Keep in mind, 13F filings reflect past positions and may not indicate current holdings.
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