Closing Figures: Darden Restaurants, Inc. (DRI)’s Negative Finish at 164.13, Down -1.55

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After finishing at $166.71 in the prior trading day, Darden Restaurants, Inc. (NYSE: DRI) closed at $164.13, down -1.55%. In other words, the price has decreased by -$1.55 from its previous closing price. On the day, 1.34 million shares were traded. DRI stock price reached its highest trading level at $167.305 during the session, while it also had its lowest trading level at $163.17.

Ratios:

Our goal is to gain a better understanding of DRI by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 89.64 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 19.40. For the most recent quarter (mrq), Quick Ratio is recorded 0.22 and its Current Ratio is at 0.35. In the meantime, Its Debt-to-Equity ratio is 3.25 whereas as Long-Term Debt/Eq ratio is at 3.01.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Evercore ISI on September 20, 2024, Upgraded its rating to Outperform and sets its target price to $205 from $165 previously.

On September 20, 2024, Bernstein Downgraded its rating to Mkt Perform which previously was Outperform and also lowered its target price recommendation from $190 to $180.

TD Cowen Downgraded its Buy to Hold on July 23, 2024, whereas the target price for the stock was revised from $170 to $150.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Sep 30 ’24 when Susan M. Connelly bought 3,320 shares for $163.83 per share.

Martin Melvin John sold 2,000 shares of DRI for $334,453 on Sep 27 ’24. The President, SRG now owns 15,562 shares after completing the transaction at $167.23 per share. On Sep 27 ’24, another insider, M JOHN MARTIN, who serves as the Officer of the company, bought 2,000 shares for $167.23 each.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, DRI now has a Market Capitalization of 19443496960 and an Enterprise Value of 26087352320. As of this moment, Darden’s Price-to-Earnings (P/E) ratio for their current fiscal year is 18.96, and their Forward P/E ratio for the next fiscal year is 15.57. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.19. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.70 while its Price-to-Book (P/B) ratio in mrq is 9.03. Its current Enterprise Value per Revenue stands at 2.285 whereas that against EBITDA is 14.578.

Stock Price History:

Over the past 52 weeks, DRI has reached a high of $176.84, while it has fallen to a 52-week low of $133.36. The 50-Day Moving Average of the stock is 7.21%, while the 200-Day Moving Average is calculated to be 4.68%.

Shares Statistics:

The stock has traded on average 1.33M shares per day over the past 3-months and 1804200 shares per day over the last 10 days, according to various share statistics. A total of 118.86M shares are outstanding, with a floating share count of 117.94M. Insiders hold about 0.44% of the company’s shares, while institutions hold 97.63% stake in the company. Shares short for DRI as of 1726185600 were 5670783 with a Short Ratio of 4.25, compared to 1723680000 on 6526629. Therefore, it implies a Short% of Shares Outstanding of 5670783 and a Short% of Float of 6.460000000000001.

Dividends & Splits

In the trailing 12 months, DRI’s forward annual dividend rate was 5.33, compared to 5.33 this year. Against a Trailing Annual Dividend Yield of 0.031971686The stock’s 5-year Average Dividend Yield is 2.83.

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