A share price of Darden Restaurants, Inc [DRI] is currently trading at $183.44, up 14.74%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The DRI shares have gain 11.18% over the last week, with a monthly amount glided 14.04%, 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 December 05, 2024, when Goldman initiated its Neutral rating and assigned the stock a price target of $183. Previously, Evercore ISI upgraded its rating to Outperform on September 20, 2024, and elevated its price target to $205. On September 20, 2024, downgrade downgraded it’s rating to Mkt Perform and revised its price target to $180 on the stock. TD Cowen downgraded its rating to a Hold and decreased its price target to $150 on July 23, 2024. Jefferies downgraded its rating to a Underperform and reduced its price target to $124 on July 11, 2024. BTIG Research upgraded its rating to Buy for this stock on May 17, 2024, but kept the price target unchanged to $175.
Darden Restaurants, Inc experienced fluctuations in its stock price throughout the past year between $135.87 and $177.67. Currently, Wall Street analysts expect the stock to reach $189.21 within the next 12 months. Darden Restaurants, Inc [NYSE: DRI] shares were valued at $183.44 at the most recent close of the market. An investor can expect a potential return of 3.15% 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 0.31% 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 0.13. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 3.06.
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 177.25 points at the first support level, and at 171.05 for the second support level. However, for the 1st resistance point, the stock is sitting at 189.23, and for the 2nd resistance point, it is at 195.01.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Darden Restaurants, Inc [NYSE:DRI] is 0.35. As well, the Quick Ratio is 0.22, while the Cash Ratio is 0.09. Considering the valuation of this stock, the price to sales ratio is 1.89, the price to book ratio is 10.10 and price to earnings (TTM) ratio is 21.19.
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.
