Market Highlights: Darden Restaurants, Inc. (DRI) Ends on a High Note at 142.27

In the quest to outshine the broader market, stock pickers diligently seek out stocks with the potential for superior performance. Making the right choices can significantly elevate your wealth.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

The price of Darden Restaurants, Inc. (NYSE: DRI) closed at $142.27 in the last session, up 1.65% from day before closing price of $139.96. In other words, the price has increased by $1.65 from its previous closing price. On the day, 1.23 million shares were traded. DRI stock price reached its highest trading level at $142.95 during the session, while it also had its lowest trading level at $140.21.

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 77.15 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 16.80. 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.

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, Jefferies on July 11, 2024, Downgraded its rating to Underperform and sets its target price to $124 from $154 previously.

On May 17, 2024, BTIG Research Upgraded its rating to Buy which previously was Neutral but kept the price unchanged to $175.

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 16981204992 and an Enterprise Value of 23506583552. As of this moment, Darden’s Price-to-Earnings (P/E) ratio for their current fiscal year is 16.70, and their Forward P/E ratio for the next fiscal year is 13.58. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.93. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.49 while its Price-to-Book (P/B) ratio in mrq is 7.79. Its current Enterprise Value per Revenue stands at 2.064 whereas that against EBITDA is 13.158.

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 -4.46%, while the 200-Day Moving Average is calculated to be -8.54%.

Shares Statistics:

According to the various share statistics, DRI traded on average about 1.26M shares per day over the past 3-months and 1273860 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 97.64% stake in the company. Shares short for DRI as of 1719532800 were 5273033 with a Short Ratio of 4.17, compared to 1717113600 on 5192760. Therefore, it implies a Short% of Shares Outstanding of 5273033 and a Short% of Float of 6.800000000000001.

Dividends & Splits

The forward annual dividend rate for DRI is 5.33, which was 5.24 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.037439264The stock’s 5-year Average Dividend Yield is 2.8.

Most Popular