A share price of Darden Restaurants, Inc. [DRI] is currently trading at $156.20, up 1.38%. An important factor to consider is whether the stock is rising or falling in short-term value. The DRI shares have gain 4.36% over the last week, with a monthly amount glided 9.79%, and 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.
Darden Restaurants, Inc. experienced fluctuations in its stock price throughout the past year 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 $156.20 at the most recent close of the market. An investor can expect a potential return of 1.79% based on the average DRI price forecast.
Analyzing the DRI fundamentals
Trailing Twelve Months sales for Darden Restaurants, Inc. [NYSE:DRI] were 11.39B which represents 6.80% growth. 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 154.69 points at the first support level, and at 153.18 for the second support level. However, for the 1st resistance point, the stock is sitting at 157.41, and for the 2nd resistance point, it is at 158.62.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Darden Restaurants, Inc. [NYSE:DRI] is 0.38. On the other hand, the Quick Ratio is 0.24, and the Cash Ratio is 0.1. Considering the valuation of this stock, the price to sales ratio is 1.62, the price to book ratio is 8.28 and price to earnings (TTM) ratio is 18.35.
Transactions by insiders
Recent insider trading involved Kiernan Daniel J., President, Olive Garden, that happened on Jul 29 ’24 when 169.0 shares were sold. SVP, Chief People Officer, King Sarah H. completed a deal on Jul 30 ’24 to sell 15941.0 shares. Meanwhile, President, Olive Garden Kiernan Daniel J. sold 85.0 shares on Jul 28 ’24.
