Darden Restaurants, Inc. [DRI] stock prices are down -0.24% to $151.42 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The DRI shares have gain 3.06% over the last week, with a monthly amount drifted -1.01%, 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.
The stock price of Darden Restaurants, Inc. [DRI] has been fluctuating between $133.36 and $176.84 over the past year. 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 $151.42 at the most recent close of the market. An investor can expect a potential return of 1.14% based on the average DRI price forecast.
Analyzing the DRI fundamentals
The Darden Restaurants, Inc. [NYSE:DRI] reported sales of 11.20B for trailing twelve months, representing a surge of 6.77%. 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 150.63 points at the first support level, and at 149.84 for the second support level. However, for the 1st resistance point, the stock is sitting at 152.50, and for the 2nd resistance point, it is at 153.59.
Ratios To Look Out For
It’s worth pointing out that Darden Restaurants, Inc. [NYSE:DRI]’s Current Ratio is 0.39. Also, the Quick Ratio is 0.25, while the Cash Ratio stands at 0.11. Considering the valuation of this stock, the price to sales ratio is 1.61, the price to book ratio is 8.29 and price to earnings (TTM) ratio is 17.75.
Transactions by insiders
Recent insider trading involved Broad Matthew R, SVP General Counsel, that happened on Apr 25 ’24 when 4707.0 shares were sold. Director, Simon William S completed a deal on Apr 08 ’24 to sell 1219.0 shares. Meanwhile, President, SRG Martin Melvin John sold 3100.0 shares on Mar 28 ’24.
