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After finishing at $144.20 in the prior trading day, Darden Restaurants, Inc. (NYSE: DRI) closed at $140.82, down -2.34%. In other words, the price has decreased by -$2.34 from its previous closing price. On the day, 1.06 million shares were traded. DRI stock price reached its highest trading level at $143.01 during the session, while it also had its lowest trading level at $140.5.
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 75.79 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 16.79. For the most recent quarter (mrq), Quick Ratio is recorded 0.24 and its Current Ratio is at 0.38. In the meantime, Its Debt-to-Equity ratio is 3.00 whereas as Long-Term Debt/Eq ratio is at 2.87.
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, TD Cowen on July 23, 2024, Downgraded its rating to Hold and sets its target price to $150 from $170 previously.
On July 11, 2024, Jefferies Downgraded its rating to Underperform which previously was Hold and also lowered its target price recommendation from $154 to $124.
BTIG Research Upgraded its Neutral to Buy on May 17, 2024, while the target price for the stock was maintained at $175.
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 Jul 29 ’24 when Kiernan Daniel J. sold 169 shares for $142.14 per share. The transaction valued at 24,022 led to the insider holds 0 shares of the business.
King Sarah H. sold 15,941 shares of DRI for $2,344,266 on Jul 30 ’24. The SVP, Chief People Officer now owns 447 shares after completing the transaction at $147.06 per share. On Jul 28 ’24, another insider, Kiernan Daniel J., who serves as the President, Olive Garden of the company, sold 85 shares for $142.14 each. As a result, the insider received 12,082 and left with 0 shares of the company.
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 16682101760 and an Enterprise Value of 23328380928. As of this moment, Darden’s Price-to-Earnings (P/E) ratio for their current fiscal year is 16.54, and their Forward P/E ratio for the next fiscal year is 13.44. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.86. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.46 while its Price-to-Book (P/B) ratio in mrq is 7.46. Its current Enterprise Value per Revenue stands at 2.048 whereas that against EBITDA is 13.228.
Stock Price History:
The Beta on a monthly basis for DRI is 1.30, which has changed by -0.1137265 over the last 52 weeks, in comparison to a change of 0.24822903 over the same period for the S&P500. 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 -3.75%, while the 200-Day Moving Average is calculated to be -9.70%.
Shares Statistics:
The stock has traded on average 1.28M shares per day over the past 3-months and 1252790 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 117.95M. Insiders hold about 0.44% of the company’s shares, while institutions hold 101.25% stake in the company. Shares short for DRI as of 1722384000 were 5765665 with a Short Ratio of 4.51, compared to 1719532800 on 5273033. Therefore, it implies a Short% of Shares Outstanding of 5765665 and a Short% of Float of 6.569999999999999.
Dividends & Splits
In the trailing 12 months, DRI’s forward annual dividend rate was 5.24, compared to 5.33 this year. Against a Trailing Annual Dividend Yield of 0.03633842The stock’s 5-year Average Dividend Yield is 2.82. The current Payout Ratio is 61.60% for DRI, which recently paid a dividend on 2024-07-10 with an ex-dividend date of 1720569600. Stock splits for the company last occurred on 2015-11-10 when the company split stock in a 10000:8939 ratio.
