Darden Restaurants, Inc. (NYSE: DRI) has a price-to-earnings ratio of 18.28x that is above its average ratio. Additionally, the 36-month beta value for DRI is 1.26. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 6 rating it as “overweight,” 17 rating it as “hold,” and 1 rating it as “sell.”
The public float for DRI is 118.90M and currently, short sellers hold a 4.96% ratio of that float. The average trading volume of DRI on April 11, 2024 was 1.16M shares.
DRI) stock’s latest price update
Darden Restaurants, Inc. (NYSE: DRI)’s stock price has plunge by -1.52relation to previous closing price of 158.31. Nevertheless, the company has seen a -4.34% plunge in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-03-28 that RH’s fourth-quarter fiscal 2023 results reflect the impact of severe weather and shipping delays.
DRI’s Market Performance
DRI’s stock has fallen by -4.34% in the past week, with a monthly drop of -9.26% and a quarterly drop of -3.53%. The volatility ratio for the week is 2.00% while the volatility levels for the last 30 days are 1.72% for Darden Restaurants, Inc. The simple moving average for the last 20 days is -6.26% for DRI stock, with a simple moving average of -1.82% for the last 200 days.
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 -6.74% 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 -11.84% of loss for the given period.
Volatility was left at 1.72%, however, over the last 30 days, the volatility rate increased by 2.00%, as shares sank -9.53% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.72% lower at present.
During the last 5 trading sessions, DRI fell by -4.34%, which changed the moving average for the period of 200-days by -3.35% in comparison to the 20-day moving average, which settled at $165.49. In addition, Darden Restaurants, Inc. saw -5.11% 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 Simon William S, who sale 1,219 shares at the price of $158.21 back on Apr 08 ’24. After this action, Simon William S now owns 6,281 shares of Darden Restaurants, Inc., valued at $192,858 using the latest closing price.
Martin Melvin John, the President, SRG of Darden Restaurants, Inc., sale 3,100 shares at $167.62 during a trade that took place back on Mar 28 ’24, which means that Martin Melvin John is holding 14,108 shares at $519,622 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 2.11. 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
In conclusion, Darden Restaurants, Inc. (DRI) has seen bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. 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.
