Darden Restaurants, Inc.’s (DRI) Stock: A Week-by-Week Analysis

The stock of Darden Restaurants, Inc. (DRI) has gone down by -0.32% for the week, with a -6.36% drop in the past month and a 0.43% rise in the past quarter. The volatility ratio for the week is 1.51%, and the volatility levels for the past 30 days are 1.62% for DRI. The simple moving average for the past 20 days is -4.10% for DRI’s stock, with a 2.53% simple moving average for the past 200 days.

Is It Worth Investing in Darden Restaurants, Inc. (NYSE: DRI) Right Now?

The price-to-earnings ratio for Darden Restaurants, Inc. (NYSE: DRI) is 19.11x, which is above its average ratio. Moreover, the 36-month beta value for DRI is 1.26. Analysts have varying opinions on the stock, with 3 analysts rating it as a “buy,” 6 as “overweight,” 17 as “hold,” and 1 as “sell.”

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The public float for DRI is 118.95M and currently, short sellers hold a 4.57% of that float. On April 04, 2024, DRI’s average trading volume was 1.13M shares.

DRI) stock’s latest price update

Darden Restaurants, Inc. (NYSE: DRI)’s stock price has gone decline by -0.61 in comparison to its previous close of 163.98, however, the company has experienced a -0.32% decrease in its stock price over the last five trading days. Zacks Investment Research reported 2024-03-28 that RH’s fourth-quarter fiscal 2023 results reflect the impact of severe weather and shipping delays.

Analysts’ Opinion of DRI

Many brokerage firms have already submitted their reports for DRI stocks, with Deutsche Bank repeating the rating for DRI by listing it as a “Buy.” The predicted price for DRI in the upcoming period, according to Deutsche Bank is $159 based on the research report published on October 19, 2023 of the previous year 2023.

Piper Sandler, on the other hand, stated in their research note that they expect to see DRI reach a price target of $167. The rating they have provided for DRI stocks is “Neutral” according to the report published on July 18th, 2023.

Guggenheim gave a rating of “Buy” to DRI, setting the target price at $170 in the report published on February 02nd of the previous year.

DRI Trading at -2.66% from the 50-Day Moving Average

After a stumble in the market that brought DRI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -7.83% of loss for the given period.

Volatility was left at 1.62%, however, over the last 30 days, the volatility rate increased by 1.51%, as shares sank -6.55% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.86% upper at present.

During the last 5 trading sessions, DRI fell by -0.32%, which changed the moving average for the period of 200-days by -2.33% in comparison to the 20-day moving average, which settled at $169.37. In addition, Darden Restaurants, Inc. saw -0.80% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at DRI starting from Martin Melvin John, who sale 3,100 shares at the price of $167.62 back on Mar 28 ’24. After this action, Martin Melvin John now owns 14,108 shares of Darden Restaurants, Inc., valued at $519,622 using the latest closing price.

Martin Melvin John, the President, SRG of Darden Restaurants, Inc., sale 7,673 shares at $165.52 during a trade that took place back on Mar 27 ’24, which means that Martin Melvin John is holding 17,208 shares at $1,270,037 based on the most recent closing price.

Stock Fundamentals for DRI

Current profitability levels for the company are sitting at:

  • 0.12 for the present operating margin
  • 0.2 for the gross margin

The net margin for Darden Restaurants, Inc. stands at 0.09. The total capital return value is set at 0.14. Equity return is now at value 49.05, with 9.67 for asset returns.

Based on Darden Restaurants, Inc. (DRI), the company’s capital structure generated 0.41 points at debt to capital in total, while cash flow to debt ratio is standing at 1.04. The debt to equity ratio resting at 0.7. The interest coverage ratio of the stock is 12.54.

Currently, EBITDA for the company is 1.57 billion with net debt to EBITDA at 2.88. When we switch over and look at the enterprise to sales, we see a ratio of 2.19. The receivables turnover for the company is 155.15for trailing twelve months and the total asset turnover is 0.99. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.39.

Conclusion

To wrap up, the performance of Darden Restaurants, Inc. (DRI) has been mixed in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.

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