After Hours
It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Recently, Yahoo Finance discussed the stock, revealing that Darden Restaurants to Host Fiscal 2024 Third Quarter Conference Call on March 21.
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Stocks Info
Darden Restaurants, Inc. is listed on the NYSE in the Consumer Cyclical sector while operating in the Restaurants industry. At the end of the last regular session, the stock closed at $169.51 and fluctuated between $169.82 as its day high and $168.04 as its day low. The current market capitalization of Darden Restaurants, Inc. is $20.24B. A total of 0.87 million shares were traded on the day, compared to an average of 991.54K shares.
Insider Activity
Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, DRI has seen 0 BUY and 1 SELL insider trades, representing the acquisition of 0 and the disposition of 2,172 shares. Over the last 12 months, there were 61 BUYs and 82 SELLs from insiders. Insiders purchased 472,495 shares during that period but sold 473,797.
In the most recent transaction, Broad Matthew R sold 6,831 shares of DRI for 163.26 per share on Jan 31. After the transaction, the SVP General Counsel now owns 19,141 company shares. In a previous transaction on Jan 08, Madonna John W. sold 3,836 shares at 163.80 per share. DRI shares that SVP, Corporate Controller owns now total 6,971.
Among the insiders who sold shares, Martin Melvin John disposed of 6,967 shares on Dec 19 at a per-share price of $165.12. This resulted in the President, SRG holding 17,159 shares of DRI after the transaction. In another insider transaction, King Sarah H. sold 4,286 shares at $165.25 per share on Dec 19. Company shares held by the SVP, Chief People Officer now total 325.
Dividend
The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Darden Restaurants, Inc. pays an annual dividend of $5.14, resulting in a dividend yield of 3.03%, and it has a price to earnings (P/E) ratio of 20.50. 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.
Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for DRI in the last 3 months, the mean price target is $177.57 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 25 estimates, with a high estimate of $2.8 per share and a lower estimate of $2.54. 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
As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. 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
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. 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.
