Is Darden Restaurants, Inc. (NYSE: DRI) The Best Stock To Invest In?

After Hours

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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. The current market capitalization of Darden Restaurants, Inc. is $18.39B. A total of 1.13 million shares were traded on the day, compared to an average of 1.17M shares.

In the most recent transaction, Simon William S sold 1,219 shares of DRI for 158.21 per share on Apr 08 ’24. After the transaction, the Director now owns 6,281 company shares. In a previous transaction on Mar 28 ’24, Martin Melvin John sold 3,100 shares at 167.62 per share. DRI shares that President, SRG owns now total 14,108.

Among the insiders who sold shares, Martin Melvin John disposed of 7,673 shares on Mar 27 ’24 at a per-share price of $165.52. This resulted in the President, SRG holding 17,208 shares of DRI after the transaction. In another insider transaction, Broad Matthew R sold 6,831 shares at $163.26 per share on Jan 31 ’24. Company shares held by the SVP General Counsel now total 19,141.

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 $5.24, resulting in a dividend yield of 3.40%, and it has a price to earnings (P/E) ratio of 18.06. DRI’s most recent ex-dividend date was 4/9/2024 when it declared a $1.31 quarterly dividend that was paid in cash on 5/1/2024. Previously, the company paid the dividend on 2/1/2024 with an ex-dividend date of 1/9/2024. 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. 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 $United Rentals, Inc. per share for the current quarter. EPS was calculated based on a consensus of Leonardo DRS, Inc. estimates, with a high estimate of $Direxion Daily Real Estate Bull per share and a lower estimate of $D.R. Horton, Inc..

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 $18.27, 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 4.27.

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