At the time of writing, Darden Restaurants, Inc. [DRI] stock is trading at $154.14, up 0.05%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The DRI shares have lost -2.63% over the last week, with a monthly amount drifted -10.36%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Deutsche Bank started tracking the stock with Buy rating on October 19, 2023, and set its price target to $159. On July 18, 2023, Piper Sandler initiated with a Neutral rating and assigned a price target of $167 on the stock. Guggenheim started tracking the stock assigning a Buy rating and suggested a price target of $170 on February 02, 2023. Wells Fargo initiated its recommendation with a Equal Weight and recommended $155 as its price target on January 24, 2023. Wedbush upgraded its rating to Outperform for this stock on December 14, 2022, and upped its price target to $160. In a note dated November 29, 2022, Robert W. Baird downgraded an Neutral rating on this stock and boosted its target price from $134 to $150.
For the past year, the stock price of Darden Restaurants, Inc. fluctuated between $133.36 and $176.84. Currently, Wall Street analysts expect the stock to reach $153.15 within the next 12 months. Darden Restaurants, Inc. [NYSE: DRI] shares were valued at $154.14 at the most recent close of the market. An investor can expect a potential drop of -0.64% based on the average DRI price forecast.
Analyzing the DRI fundamentals
According to Darden Restaurants, Inc. [NYSE:DRI], the company’s sales were 11.20B for trailing twelve months, which represents an 6.77% jump. Gross Profit Margin for this corporation currently stands at 0.2% with Operating Profit Margin at 0.12%, Pretax Profit Margin comes in at 0.1%, and Net Profit Margin reading is 0.09%. To continue investigating profitability, this company’s Return on Assets is posted at 0.09, Equity is 0.48 and Total Capital is 0.14. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.7.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 152.71 points at the first support level, and at 151.29 for the second support level. However, for the 1st resistance point, the stock is sitting at 155.29, and for the 2nd resistance point, it is at 156.43.
Ratios To Look Out For
It is important to note that Darden Restaurants, Inc. [NYSE:DRI] has a current ratio of 0.39. As well, the Quick Ratio is 0.25, while the Cash Ratio is 0.11. Considering the valuation of this stock, the price to sales ratio is 1.64, the price to book ratio is 8.44 and price to earnings (TTM) ratio is 18.07.
Transactions by insiders
Recent insider trading involved Simon William S, Director, that happened on Apr 08 ’24 when 1219.0 shares were sold. President, SRG, Martin Melvin John completed a deal on Mar 28 ’24 to sell 3100.0 shares. Meanwhile, President, SRG Martin Melvin John sold 7673.0 shares on Mar 27 ’24.
