How Have Darden Restaurants Inc. (DRI) Insiders Been Trading?

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Darden Restaurants Inc. (NYSE:DRI) finished Friday with a subtraction of -$1.75 to close at $138.33, a downside of -1.25 percent. An average of 771,880 shares of common stock have been traded in the last five days. There was a gain of $1.02 in the past week, and it reached a new high 4 times over the past 12 months. The last 20 days have seen an average of 1,217,510 shares traded, while the 50-day average volume stands at 1,163,426.

DRI stock has decreased by -5.89% in the last month. The company shares reached their 1-month lowest point of $131.90 on 12/16/22. With the stock rallying to its 52-week high on 01/05/22, shares of the company touched a low of $110.96 and a high of $155.25 in 52 weeks. It has reached a new high 3 times so far this year and lost -8.17% or -$12.31 in price. In spite of this, the price is down -10.90% from the 52-week high.


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Insider Transactions

DRI stock investors should be aware that Darden Restaurants Inc. (DRI) stock had its last reported insider trading activity 51 days ago on Nov 10. In this transaction, the insider spent $323,060. President, Olive Garden, Kiernan Daniel J., disposed of 10,290 shares at a price of $140.53 on Oct 28. The insider now owns more than $1,446,011 worth of shares. Prior to that, SVP, Chief Supply Chain Ofcr Milanes Douglas J. went on to Sale 2,228 shares at $140.00 each on Oct 26. An amount of $311,920 was transacted.

Valuation Metrics

Darden Restaurants Inc. (DRI) has a trailing price-to-earnings (P/E) ratio of 19.05. The stock’s beta is 1.21. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.68, the price-to-book (PB) ratio at 8.24, and the price-to-cash flow ratio at 52.95.

The company has a payout ratio of 60.30%. The company’s most recent quarterly dividend payment was $1.21 a share, without any change from last year. Its latest increase dividend $0.11 reported on Thursday June 23 2022.

Financial Health

The quick ratio of Darden Restaurants Inc. for the three months ended August 30 was 0.40, and the current ratio was 0.50, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.96 and a total debt to equity ratio of 0.97 for the quarter ending August 30. Its gross profit as reported stood at $2.0 billion compared to revenue of $9.63 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Darden Restaurants Inc.’s return on assets was 9.40%.

Earnings Surprise

For the three-month period that ended August 30, Darden Restaurants Inc. had $895.1 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $193.0 million in the quarter, while revenues of $281.7 million were shrunk -19.64%. The analyst consensus anticipated Darden Restaurants Inc.’s latest quarter earnings to come in at $1.56 per share, but it turned out to be $1.56, a 0.00% surprise.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Darden Restaurants Inc. (DRI) price momentum. RSI 9-day as of the close on 30 December was 40.57%, suggesting the stock is Neutral, with historical volatility in this time frame at 15.08%.

As of today, DRI’s price is $138.76 +0.74% or $1.02 from its 5-day moving average. DRI is currently trading -5.03% lower than its 20-day SMA and +9.97% higher than its 100-day SMA. However, the stock’s current price level is +4.01% above the SMA50 and +6.67% above the SMA200.

The stochastic %K and %D were 44.16% and 42.51%, respectively, and the average true range (ATR) was 2.94. With the 14-day stochastic at 39.57% and the average true range at 3.08, the RSI (14) stands at 42.77%. The stock has reached 0.43 on the 9-day MACD Oscillator while the 14-day reading was at -1.21.

Analyst Ratings

Wedbush upgraded Darden Restaurants Inc. (NYSE: DRI) to a an Outperform rating in its most recent analyst report. Previously, the stock was rated as a Neutral. The consensus rating for Darden Restaurants Inc. (DRI) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell DRI, while 10 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 3 analysts, while 16 others rate it as a “buy”.

What is DRI’s price target for the next 12 months?

Analysts predict a range of price targets between $133.00 and $167.00, with a median target of $153.00. Taking a look at these predictions, the average price target given by analysts for Darden Restaurants Inc. (DRI) stock is $152.04.

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