Darden Restaurants, Inc. (NYSE: DRI) is 6.25% higher on its value in year-to-date trading and has touched a low of $133.36 and a high of $176.84 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The DRI stock was last observed hovering at around $172.32 in the last trading session, with the day’s gains setting it 2.25%.
Currently trading at $174.57, the stock is 3.21% and 5.67% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.06 million and changing 1.31% at the moment leaves the stock 10.10% off its SMA200. DRI registered 19.55% gain for a year compared to 6-month gain of 16.58%. The firm has a 50-day simple moving average (SMA 50) of $2.38 and a 200-day simple moving average (SMA200) of $15.35.
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The stock witnessed a 5.58% loss in the last 1 month and extending the period to 3 months gives it a 8.29%, and is -0.75% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.49% over the week and 1.56% over the month.
Darden Restaurants, Inc. (DRI) has around 187384 employees, a market worth around $20.85B and $11.01B in sales. Current P/E ratio is 21.11 and Fwd P/E is 17.95. Profit margin for the company is 9.16%. Distance from 52-week low is 30.90% and -1.28% from its 52-week high. The company has generated returns on investments over the last 12 months (11.89%).
Darden Restaurants, Inc. quarterly earnings per share for the current quarter are estimated at $2.64 with sales reaching $3.03B over the same period.The EPS is expected to grow by 10.89% this year, but quarterly earnings will post 9.80% year-over-year.
1,195 institutions hold shares in Darden Restaurants, Inc. (DRI), with institutional investors hold 95.60% of the company’s shares. The shares outstanding are 121.07M, and float is at 118.95M with Short Float at 4.68%. Institutions hold 95.25% of the Float.
The top institutional shareholder in the company is Capital World Investors with over 16.43 million shares valued at $2.75 billion. The investor’s holdings represent 13.66% of the DRI Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 14.17 million shares valued at $2.37 billion to account for 11.78% of the shares outstanding. The other top investors are Capital International Investors which holds 12.08 million shares representing 10.04% and valued at over $2.02 billion, while Blackrock Inc. holds 6.91% of the shares totaling 8.31 million with a market value of $1.39 billion.
Darden Restaurants, Inc. (DRI) Insider Activity
The most recent transaction is an insider sale by Broad Matthew R, the company’s SVP General Counsel. SEC filings show that Broad Matthew R sold 6,831 shares of the company’s common stock on Jan 31 ’24 at a price of $163.26 per share for a total of $1.12 million. Following the sale, the insider now owns 19141.0 shares.
Darden Restaurants, Inc. disclosed in a document filed with the SEC on Jan 08 ’24 that Madonna John W. (SVP, Corporate Controller) sold a total of 3,836 shares of the company’s common stock. The trade occurred on Jan 08 ’24 and was made at $163.80 per share for $0.63 million. Following the transaction, the insider now directly holds 6971.0 shares of the DRI stock.
Still, SEC filings show that on Dec 19 ’23, Martin Melvin John (President, SRG) disposed off 6,967 shares at an average price of $165.12 for $1.15 million. The insider now directly holds 17,159 shares of Darden Restaurants, Inc. (DRI).
