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Darden Restaurants, Inc. (DRI) Volatility At 1.75%, Should You Add A Position?

Darden Restaurants, Inc. (NYSE: DRI) is -15.97% lower 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 make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The DRI stock was last observed hovering at around $140.29 in the last trading session, with the day’s loss setting it -2.23%.

Currently trading at $138.06, the stock is -7.48% and -7.70% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.38 million and changing -1.59% at the moment leaves the stock -11.27% off its SMA200. DRI registered -16.81% loss for a year compared to 6-month loss of -15.79%.

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The stock witnessed a -7.06% gain in the last 1 month and extending the period to 3 months gives it a -12.79%, and is -5.93% 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 1.75% over the week and 1.94% over the month.

Darden Restaurants, Inc. (DRI) has around 187384 employees, a market worth around $16.48B and $11.39B in sales. Current P/E ratio is 16.21 and Fwd P/E is 13.17. Profit margin for the company is 9.02%. Distance from 52-week low is 3.52% and -21.93% from its 52-week high. The company has generated returns on investments over the last 12 months (14.04%).

The EPS is expected to grow by 6.99% this year

The shares outstanding are 121.07M, and float is at 118.88M with Short Float at 4.47%.

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 4,707 shares of the company’s common stock on Apr 25 ’24 at a price of $156.15 per share for a total of $0.74 million. Following the sale, the insider now owns 19179.0 shares.

Darden Restaurants, Inc. disclosed in a document filed with the SEC on Apr 08 ’24 that Simon William S (Director) sold a total of 1,219 shares of the company’s common stock. The trade occurred on Apr 08 ’24 and was made at $158.21 per share for $0.19 million. Following the transaction, the insider now directly holds 6281.0 shares of the DRI stock.

Still, SEC filings show that on Mar 28 ’24, Martin Melvin John (President, SRG) disposed off 3,100 shares at an average price of $167.62 for $0.52 million. The insider now directly holds 14,108 shares of Darden Restaurants, Inc. (DRI).

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