After Hours
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. Yahoo Finance discussed the stock recently as it posted Darden Restaurants to Host Fiscal 2024 Third Quarter Conference Call on March 21.
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Stocks Info
This NYSE-listed company operates within the Restaurants industry segment, falling under the Consumer Cyclical sector. The current market capitalization of Darden Restaurants, Inc. is $20.51B. A total of 0.89 million shares were traded on the day, compared to an average of 1.05M shares.
In the most recent transaction, Broad Matthew R sold 6,831 shares of DRI for 163.26 per share on Jan 31 ’24. After the transaction, the SVP General Counsel now owns 19,141 company shares. In a previous transaction on Jan 08 ’24, 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 ’23 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 ’23. Company shares held by the SVP, Chief People Officer now total 325.
Dividend
The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Darden Restaurants, Inc. pays an annual dividend of $5.14, resulting in a dividend yield of 2.99%, and it has a price to earnings (P/E) ratio of 20.77. 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.
Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, DRI has a high of $176.84 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 23 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
In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its 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.
