Darden Restaurants, Inc (NYSE: DRI) is -0.10% lower on its value in year-to-date trading and has touched a low of $135.87 and a high of $189.18 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 $186.69 in the last trading session, with the day’s loss setting it -0.18%.
Currently trading at $186.51, the stock is 5.97% and 9.67% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.87 million and changing -0.10% at the moment leaves the stock 18.30% off its SMA200. DRI registered 14.93% gain for a year compared to 6-month gain of 28.26%. The firm has a 50-day simple moving average (SMA 50) of $170.058 and a 200-day simple moving average (SMA200) of $157.66016.
The stock witnessed a 8.44% loss in the last 1 month and extending the period to 3 months gives it a 14.63%, and is -0.08% 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 1.67% over the week and 2.49% over the month.
Darden Restaurants, Inc (DRI) has around 191105 employees, a market worth around $21.92B and $11.58B in sales. Current P/E ratio is 21.38 and Fwd P/E is 17.46. Profit margin for the company is 9.01%. Distance from 52-week low is 37.28% and -1.41% from its 52-week high. The company has generated returns on investments over the last 12 months (12.83%).
The EPS is expected to grow by 6.82% this year
1205.0 institutions hold shares in Darden Restaurants, Inc (DRI), with institutional investors hold 97.54% of the company’s shares. The shares outstanding are 117.50M, and float is at 117.00M with Short Float at 5.31%. Institutions hold 97.13% of the Float.
The top institutional shareholder in the company is CAPITAL WORLD INVESTORS with over 15.25 million shares valued at $2.31 billion. The investor’s holdings represent 12.7909 of the DRI Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 13.78 million shares valued at $2.08 billion to account for 11.5583 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 8.74 million shares representing 7.3331 and valued at over $1.32 billion, while CAPITAL INTERNATIONAL INVESTORS holds 7.1761 of the shares totaling 8.55 million with a market value of $1.29 billion.
Darden Restaurants, Inc (DRI) Insider Activity
The most recent transaction is an insider sale by Martin Melvin John, the company’s President, SRG. SEC filings show that Martin Melvin John sold 9,470 shares of the company’s common stock on Dec 26 ’24 at a price of $188.07 per share for a total of $1.78 million. Following the sale, the insider now owns 12611.0 shares.
Still, SEC filings show that on Dec 23 ’24, Vennam Rajesh (SVP, CFO) disposed off 7,228 shares at an average price of $181.71 for $1.31 million. The insider now directly holds 10,262 shares of Darden Restaurants, Inc (DRI).
