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Tuesday, January 31, 2023

Are Things Looking Up For Darden Restaurants Inc. (NYSE: DRI)?

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Darden Restaurants Inc. (DRI) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $146.48. The Darden Restaurants Inc. has recorded 31,690 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Darden Restaurants Reports Fiscal 2023 Second Quarter Results; Declares Quarterly Dividend; And Updates Fiscal 2023 Financial Outlook.


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Stocks Info

The company is listed on the NYSE and operates within the Restaurants industry segment. At the end of the last regular session, the stock closed at $146.48 and fluctuated between $149.87 as its day high and $146.01 as its day low. The current market capitalization of Darden Restaurants Inc. is $17.70B. A total of 0.81 million shares were traded on the day, compared to an average of 1.18M shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, DRI has seen 4 BUY and 7 SELL insider trades, representing the acquisition of 14,746 and the disposition of 16,106 shares. Over the last 12 months, there were 50 BUYs and 59 SELLs from insiders. Insiders purchased 148,810 shares during that period but sold 131,403.

In the most recent transaction, Renninger Richard L. sold 5,000 shares of DRI for 147.99 per share on Jan 13. After the transaction, the SVP, Chief Development Officer now owns 22,368 company shares. In a previous transaction on Jan 10, Milanes Douglas J. sold 2,229 shares at 150.00 per share. DRI shares that SVP, Chief Supply Chain Ofcr owns now total 5,328.

Among the insiders who sold shares, Martin Melvin John disposed of 2,000 shares on Jan 04 at a per-share price of $141.95. This resulted in the President, SRG holding 12,364 shares of DRI after the transaction. In another insider transaction, Milanes Douglas J. sold 2,228 shares at $145.00 per share on Nov 10. Company shares held by the SVP, Chief Supply Chain Ofcr now total 5,283.

Dividend

The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Darden Restaurants Inc. pays an annual dividend of $4.84, resulting in a dividend yield of 3.30%, and it has a price to earnings (P/E) ratio of 20.18. DRI’s most recent ex-dividend date was 1/9/2023 when it declared a $1.21 quarterly dividend that was paid in cash on 2/1/2023. Previously, the company paid the dividend on 11/1/2022 with an ex-dividend date of. The DRI stock dividend was $1.21 per share in cash.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for DRI in the last 3 months, the mean price target is $154.35 with high estimates of $175.00 and low estimates of $133.00. In terms of 52-week highs and lows, DRI has a high of $152.08 and a low of $110.96.

As of this writing, DRI has an earnings estimate of $1.42 per share for the current quarter. EPS was calculated based on a consensus of 25 estimates, with a high estimate of $1.49 per share and a lower estimate of $1.18. The company reported an EPS of $2.27 in the last quarter, which was 2.70% higher than expectations of $2.21.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 29 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for DRI is Sell with a score of 4.43. A total of 16 analysts rated the stock as Buy while 3 rated it as Overweight while 10 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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