Darden Restaurants, Inc. (NYSE: DRI) is -5.28% 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 $155.15 in the last trading session, with the day’s gains setting it 0.48%.
Currently trading at $155.63, the stock is 7.78% and 6.62% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.2 million and changing 0.31% at the moment leaves the stock -0.25% off its SMA200. DRI registered 0.22% gain for a year compared to 6-month loss of -6.49%.
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The stock witnessed a 11.01% gain in the last 1 month and extending the period to 3 months gives it a 3.97%, and is 10.52% up 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 2.52% over the week and 2.26% over the month.
Darden Restaurants, Inc. (DRI) has around 191105 employees, a market worth around $18.44B and $11.39B in sales. Current P/E ratio is 18.28 and Fwd P/E is 14.85. Profit margin for the company is 9.02%. Distance from 52-week low is 16.70% and -11.99% from its 52-week high. The company has generated returns on investments over the last 12 months (11.85%).
The EPS is expected to grow by 6.86% this year
1215.0 institutions hold shares in Darden Restaurants, Inc. (DRI), with institutional investors hold 98.78% of the company’s shares. The shares outstanding are 118.86M, and float is at 117.82M with Short Float at 4.89%. Institutions hold 98.37% 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 13.7639 of the DRI Shares outstanding. As of 2024-03-31, the second largest holder is VANGUARD GROUP INC with 13.78 million shares valued at $2.3 billion to account for 11.5372 of the shares outstanding. The other top investors are CAPITAL INTERNATIONAL INVESTORS which holds 9.09 million shares representing 7.6124 and valued at over $1.52 billion, while BLACKROCK INC. holds 6.8999 of the shares totaling 8.24 million with a market value of $1.38 billion.
Darden Restaurants, Inc. (DRI) Insider Activity
The most recent transaction is an insider sale by Kiernan Daniel J., the company’s President, Olive Garden. SEC filings show that Kiernan Daniel J. sold 169 shares of the company’s common stock on Jul 29 ’24 at a price of $142.14 per share for a total of $24022.0. Following the sale, the insider now owns 0.0 shares.
Darden Restaurants, Inc. disclosed in a document filed with the SEC on Jul 30 ’24 that King Sarah H. (SVP, Chief People Officer) sold a total of 15,941 shares of the company’s common stock. The trade occurred on Jul 30 ’24 and was made at $147.06 per share for $2.34 million. Following the transaction, the insider now directly holds 447.0 shares of the DRI stock.
Still, SEC filings show that on Jul 28 ’24, Kiernan Daniel J. (President, Olive Garden) disposed off 85 shares at an average price of $142.14 for $12082.0. The insider now directly holds 0 shares of Darden Restaurants, Inc. (DRI).
