A share price of Darden Restaurants, Inc. [DRI] is currently trading at $164.04, down -0.33%. An important factor to consider is whether the stock is rising or falling in short-term value. The DRI shares have gain 4.52% over the last week, with a monthly amount drifted -3.60%, 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 September 20, 2024, when Evercore ISI upgraded its rating to a Outperform and also boosted its price target to $205 from $165. Previously, Bernstein downgraded its rating to Mkt Perform on September 20, 2024, and dropped its price target to $180. On July 23, 2024, downgrade downgraded it’s rating to Hold and revised its price target to $150 on the stock. Jefferies downgraded its rating to a Underperform and decreased its price target to $124 on July 11, 2024. BTIG Research upgraded its rating to a Buy but $175 remained the price target by the analyst firm on May 17, 2024. In a note dated October 19, 2023, Deutsche Bank initiated an Buy rating and provided a target price of $159 on this stock.
Darden Restaurants, Inc. experienced fluctuations in its stock price throughout the past year between $135.87 and $176.84. Currently, Wall Street analysts expect the stock to reach $178.34 within the next 12 months. Darden Restaurants, Inc. [NYSE: DRI] shares were valued at $164.04 at the most recent close of the market. An investor can expect a potential return of 8.72% based on the average DRI price forecast.
Analyzing the DRI fundamentals
Trailing Twelve Months sales for Darden Restaurants, Inc. [NYSE:DRI] were 11.42B which represents 0.97% 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 0.09, Equity is 0.48 and Total Capital is 0.15. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.48.
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 163.14 points at the first support level, and at 162.24 for the second support level. However, for the 1st resistance point, the stock is sitting at 165.30, and for the 2nd resistance point, it is at 166.56.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Darden Restaurants, Inc. [NYSE:DRI] is 0.35. On the other hand, the Quick Ratio is 0.22, and the Cash Ratio is 0.08. Considering the valuation of this stock, the price to sales ratio is 1.69, the price to book ratio is 9.03 and price to earnings (TTM) ratio is 18.95.
Transactions by insiders
Recent insider trading involved Martin Melvin John, President, SRG, that happened on Oct 04 ’24 when 3000.0 shares were sold. Director, Martin Melvin John completed a deal on Oct 04 ’24 to buy 3000.0 shares. Meanwhile, SVP, Chief Comm & PA Officer Connelly Susan M. sold 3320.0 shares on Oct 01 ’24.
