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Sunday, April 2, 2023

Value Investing Philosophy And Darden Restaurants Inc. (NYSE: DRI)?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Darden Restaurants Inc. (DRI) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $1.07, or 0.73%, to $147.09. The Darden Restaurants Inc. has recorded 21,288 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that DARDEN RESTAURANTS TO HOST FISCAL 2023 THIRD QUARTER CONFERENCE CALL ON MARCH 23.

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Stocks Info

DRI belongs to the Consumer Cyclical sector of the NYSE while operating in the Restaurants industry. At the end of the last regular session, the stock closed at $146.02 and fluctuated between $147.45 as its day high and $142.83 as its day low. The current market capitalization of Darden Restaurants Inc. is $17.86B. A total of 1.95 million shares were traded on the day, compared to an average of 1.15M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, DRI has seen 2 BUY and 6 SELL insider trades, representing the acquisition of 7,229 and the disposition of 12,992 shares. Over the last 12 months, there were 52 BUYs and 65 SELLs from insiders. Insiders purchased 156,039 shares during that period but sold 144,395.

In the most recent transaction, MENSAH NANA sold 64 shares of DRI for 148.24 per share on Feb 02. After the transaction, the Director now owns 10 company shares. In a previous transaction on Jan 13, Renninger Richard L. sold 5,000 shares at 147.99 per share. DRI shares that SVP, Chief Development Officer owns now total 22,368.

Among the insiders who sold shares, Milanes Douglas J. disposed of 2,229 shares on Jan 10 at a per-share price of $150.00. This resulted in the SVP, Chief Supply Chain Ofcr holding 5,328 shares of DRI after the transaction. In another insider transaction, Martin Melvin John sold 2,000 shares at $141.95 per share on Jan 04. Company shares held by the President, SRG now total 12,364.


Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Darden Restaurants Inc. pays an annual dividend of $4.84, resulting in a dividend yield of 3.31%, and it has a price to earnings (P/E) ratio of 20.11. 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.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for DRI in the last 3 months, the mean price target is $157.31 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 $2.21 per share for the current quarter. EPS was calculated based on a consensus of 24 estimates, with a high estimate of $2.4 per share and a lower estimate of $2.09.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 30 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 4.40. A total of 17 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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