Darden Restaurants, Inc. [DRI] stock prices are up 1.40% to $147.35 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 6.73% over the last week, with a monthly amount drifted -0.96%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Darden Restaurants, Inc. [NYSE: DRI] stock has seen the most recent analyst activity on July 11, 2024, when Jefferies downgraded its rating to a Underperform and also revised its price target to $124 from $154. Previously, BTIG Research upgraded its rating to Buy on May 17, 2024, and kept the price target unchanged to $175. Deutsche Bank started tracking the stock assigning a Buy rating and suggested a price target of $159 on October 19, 2023. Piper Sandler initiated its recommendation with a Neutral and recommended $167 as its price target on July 18, 2023. Guggenheim started tracking with a Buy rating for this stock on February 02, 2023, and assigned it a price target of $170. In a note dated January 24, 2023, Wells Fargo initiated an Equal Weight rating and provided a target price of $155 on this stock.
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 $158.68 within the next 12 months. Darden Restaurants, Inc. [NYSE: DRI] shares were valued at $147.35 at the most recent close of the market. An investor can expect a potential return of 7.69% based on the average DRI price forecast.
Analyzing the DRI fundamentals
The Darden Restaurants, Inc. [NYSE:DRI] reported sales of 11.39B for trailing twelve months, representing a surge of 6.80%. Gross Profit Margin for this corporation currently stands at 0.19% 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.65.
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 145.25 points at the first support level, and at 143.14 for the second support level. However, for the 1st resistance point, the stock is sitting at 149.06, and for the 2nd resistance point, it is at 150.76.
Ratios To Look Out For
It’s worth pointing out that Darden Restaurants, Inc. [NYSE:DRI]’s Current Ratio is 0.38. Also, the Quick Ratio is 0.24, while the Cash Ratio stands at 0.1. Considering the valuation of this stock, the price to sales ratio is 1.54, the price to book ratio is 8.07 and price to earnings (TTM) ratio is 17.30.
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.
