Market Momentum: Darden Restaurants, Inc. (DRI) Registers a -0.12 Decrease, Closing at 146.60

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Darden Restaurants, Inc. (NYSE: DRI) closed the day trading at $146.60 down -0.12% from the previous closing price of $146.77. In other words, the price has decreased by -$0.12 from its previous closing price. On the day, 0.6 million shares were traded. DRI stock price reached its highest trading level at $146.675 during the session, while it also had its lowest trading level at $144.67.

Ratios:

For a better understanding of DRI, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 79.50 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 17.31. 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:

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 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 17357185024 and an Enterprise Value of 23882063872. As of this moment, Darden’s Price-to-Earnings (P/E) ratio for their current fiscal year is 17.21, and their Forward P/E ratio for the next fiscal year is 13.98. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.99. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.54 while its Price-to-Book (P/B) ratio in mrq is 8.03. Its current Enterprise Value per Revenue stands at 2.097 whereas that against EBITDA is 13.368.

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 -2.62%, while the 200-Day Moving Average is calculated to be -5.85%.

Shares Statistics:

Over the past 3-months, DRI traded about 1.27M shares per day on average, while over the past 10 days, DRI traded about 1434490 shares per day. 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 97.62% stake in the company. Shares short for DRI as of 1718323200 were 5308611 with a Short Ratio of 4.19, compared to 1715731200 on 5934815. Therefore, it implies a Short% of Shares Outstanding of 5308611 and a Short% of Float of 6.8500000000000005.

Dividends & Splits

DRI’s forward annual dividend rate is 5.24, up from 5.24 a year ago. Against a Trailing Annual Dividend Yield of 0.035702117The stock’s 5-year Average Dividend Yield is 2.8.

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