At the time of writing, Darden Restaurants, Inc. [DRI] stock is trading at $143.47, up 1.59%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The DRI shares have lost -3.15% over the last week, with a monthly amount drifted -0.91%, 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 23, 2024, when TD Cowen downgraded its rating to a Hold and also revised its price target to $150 from $170. Previously, Jefferies downgraded its rating to Underperform on July 11, 2024, and dropped its price target to $124. On May 17, 2024, upgrade upgraded it’s rating to Buy but maintained its price target of $175 on the stock. Deutsche Bank initiated its recommendation with a Buy and recommended $159 as its price target on October 19, 2023. Piper Sandler started tracking with a Neutral rating for this stock on July 18, 2023, and assigned it a price target of $167. In a note dated February 02, 2023, Guggenheim initiated an Buy rating and provided a target price of $170 on this stock.
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 $159 within the next 12 months. Darden Restaurants, Inc. [NYSE: DRI] shares were valued at $143.47 at the most recent close of the market. An investor can expect a potential return of 10.82% based on the average DRI price forecast.
Analyzing the DRI fundamentals
According to Darden Restaurants, Inc. [NYSE:DRI], the company’s sales were 11.39B for trailing twelve months, which represents an 6.80% jump. 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 0.08, Equity is 0.48 and Total Capital is 0.12. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.75.
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 141.89 points at the first support level, and at 140.30 for the second support level. However, for the 1st resistance point, the stock is sitting at 144.81, and for the 2nd resistance point, it is at 146.14.
Ratios To Look Out For
It is important to note that Darden Restaurants, Inc. [NYSE:DRI] has a current ratio of 0.38. Further, the Quick Ratio stands at 0.24, while the Cash Ratio is 0.1. Considering the valuation of this stock, the price to sales ratio is 1.50, the price to book ratio is 7.60 and price to earnings (TTM) ratio is 16.85.
Transactions by insiders
Recent insider trading involved SARAH H KING, Officer, that happened on Jul 30 ’24 when 15941.0 shares were purchased. SVP, Chief People Officer, King Sarah H. completed a deal on Jul 30 ’24 to sell 15941.0 shares. Meanwhile, Officer MATTHEW R BROAD bought 5171.0 shares on Jul 29 ’24.
