Insider’s View: Deciphering Darden Restaurants, Inc. (DRI)’s Financial Health Through Ratios

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The price of Darden Restaurants, Inc. (NYSE: DRI) closed at $154.29 in the last session, up 1.53% from day before closing price of $151.96. In other words, the price has increased by $1.53 from its previous closing price. On the day, 2.73 million shares were traded. DRI stock price reached its highest trading level at $158.0 during the session, while it also had its lowest trading level at $151.81.

Ratios:

We take a closer look at DRI’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 83.67 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 18.22. 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 2.30 whereas as Long-Term Debt/Eq ratio is at 2.26.

On October 19, 2023, Deutsche Bank started tracking the stock assigning a Buy rating and target price of $159.Deutsche Bank initiated its Buy rating on October 19, 2023, with a $159 target price.

Insider Transactions:

An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Apr 25 ’24 when Broad Matthew R sold 4,707 shares for $156.15 per share. The transaction valued at 735,011 led to the insider holds 19,179 shares of the business.

Simon William S sold 1,219 shares of DRI for $192,858 on Apr 08 ’24. The Director now owns 6,281 shares after completing the transaction at $158.21 per share. On Mar 28 ’24, another insider, Martin Melvin John, who serves as the President, SRG of the company, sold 3,100 shares for $167.62 each. As a result, the insider received 519,622 and left with 14,108 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 18415898624 and an Enterprise Value of 24749586432. As of this moment, Darden’s Price-to-Earnings (P/E) ratio for their current fiscal year is 18.11, and their Forward P/E ratio for the next fiscal year is 14.71. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.88. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.62 while its Price-to-Book (P/B) ratio in mrq is 8.45. Its current Enterprise Value per Revenue stands at 2.209 whereas that against EBITDA is 14.349.

Stock Price History:

The Beta on a monthly basis for DRI is 1.29, which has changed by -0.043459415 over the last 52 weeks, in comparison to a change of 0.2586832 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 2.18%, while the 200-Day Moving Average is calculated to be -0.88%.

Shares Statistics:

According to the various share statistics, DRI traded on average about 1.29M shares per day over the past 3-months and 1487000 shares per day over the past 10 days. A total of 121.07M shares are outstanding, with a floating share count of 118.88M. Insiders hold about 0.40% of the company’s shares, while institutions hold 97.67% stake in the company. Shares short for DRI as of 1715731200 were 5934815 with a Short Ratio of 4.04, compared to 1713139200 on 6129867. Therefore, it implies a Short% of Shares Outstanding of 5934815 and a Short% of Float of 7.66.

Dividends & Splits

The stock’s 5-year Average Dividend Yield is 2.78. The current Payout Ratio is 61.57% for DRI, which recently paid a dividend on 2024-04-09 with an ex-dividend date of 1712620800. Stock splits for the company last occurred on 2015-11-10 when the company split stock in a 10000:8939 ratio.

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