5 Best Jim Cramer Stocks to Buy Now

3. Darden Restaurants, Inc. (NYSE: DRI)

Number of Hedge Fund Holders: 49    

Darden Restaurants, Inc. (NYSE: DRI) is an Orlando-based restaurant operator. It is ranked third on our list of 15 best Jim Cramer stocks to buy now. The company’s shares have returned 86% to investors in the past year. On April 12, during a segment in his show, Cramer underlined that big businesses like Darden were the few still standing in the restaurant business after the pandemic took a heavy toll on the industry, with several small eateries forced to shut down, a scenario that was not likely to change anytime soon. 

On June 28, investment advisory Deutsche Bank raised the price target on Darden Restaurants, Inc. (NYSE: DRI) stock to $152 from $145 but maintained a Hold rating. The ratings update followed the earnings report of the firm for the fourth quarter. 

At the end of the first quarter of 2021, 49 hedge funds in the database of Insider Monkey held stakes worth $1.3 billion in Darden Restaurants, Inc. (NYSE: DRI), up from 42 in the previous quarter worth $1.4 billion.