After Hours
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. Recently, Yahoo Finance discussed the stock, revealing that Darden Restaurants Reports Fiscal 2024 Second Quarter Results; Declares Quarterly Dividend; And Updates Fiscal 2024 Financial Outlook.
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Stocks Info
As a NYSE listed company, DRI falls under the Consumer Cyclical sector while operating within the Restaurants industry segment. At the end of the last regular session, the stock closed at $161.59 and fluctuated between $161.93 as its day high and $159.02 as its day low. The current market capitalization of Darden Restaurants, Inc. is $19.30B. A total of 1.12 million shares were traded on the day, compared to an average of 982.31K shares.
Insider Activity
Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, DRI has seen 0 BUY and 2 SELL insider trades, representing the acquisition of 0 and the disposition of 2,772 shares. Over the last 12 months, there were 61 BUYs and 83 SELLs from insiders. Insiders purchased 472,495 shares during that period but sold 473,861.
In the most recent transaction, Madonna John W. sold 3,836 shares of DRI for 163.80 per share on Jan 08. After the transaction, the SVP, Corporate Controller now owns 6,971 company shares. In a previous transaction on Dec 19, Martin Melvin John sold 6,967 shares at 165.12 per share. DRI shares that President, SRG owns now total 17,159.
Among the insiders who sold shares, King Sarah H. disposed of 4,286 shares on Dec 19 at a per-share price of $165.25. This resulted in the SVP, Chief People Officer holding 325 shares of DRI after the transaction. In another insider transaction, Milanes Douglas J. sold 3,496 shares at $166.34 per share on Dec 19. Company shares held by the SVP, Chief Supply Chain Ofcr now total 5,458.
Dividend
Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Darden Restaurants, Inc. pays an annual dividend of $5.29, resulting in a dividend yield of 3.27%, and it has a price to earnings (P/E) ratio of 19.54. DRI’s most recent ex-dividend date was 1/9/2024 when it declared a $1.31 quarterly dividend that was paid in cash on 2/1/2024. Previously, the company paid the dividend on 11/1/2023 with an ex-dividend date of 10/6/2023. The DRI stock dividend was $1.31 per share in cash.
In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for DRI in the last 3 months, the mean price target is $177.22 with high estimates of $193.00 and low estimates of $154.00. In terms of 52-week highs and lows, DRI has a high of $173.06 and a low of $133.36.
As of this writing, DRI has an earnings estimate of $2.64 per share for the current quarter. EPS was calculated based on a consensus of 24 estimates, with a high estimate of $2.71 per share and a lower estimate of $2.58. The company reported an EPS of $1.78 in the last quarter, which was 2.30% higher than expectations of $1.74.
Balance Sheet Annually/Quarterly
The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. DRI’s latest balance sheet shows that the firm has $420.60M in Cash & Short Term Investments as of fiscal 2022. There were $4.89B in debt and $1.85B in liabilities at the time. Its Book Value Per Share was $17.07, while its Total Shareholder’s Equity was $2.20B.
Analysts Opinion
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. Currently, 0 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 Buy with a score of 4.32.
