The stock price of Darden Restaurants, Inc (NYSE: DRI) has jumped by 1.56 compared to previous close of 167.08. Despite this, the company has seen a fall of -0.74% in its stock price over the last five trading days. zacks.com reported 2024-11-13 that Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.
Is It Worth Investing in Darden Restaurants, Inc (NYSE: DRI) Right Now?
Darden Restaurants, Inc (NYSE: DRI) has a higher price-to-earnings ratio of 19.60x compared to its average ratio, The 36-month beta value for DRI is at 1.30. Analysts have varying views on the stock, with 3 analysts rating it as a “buy,” 6 rating it as “overweight,” 17 as “hold,” and 1 as “sell.”
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The public float for DRI is 116.99M, and currently, shorts hold a 5.50% of that float. The average trading volume for DRI on November 14, 2024 was 1.21M shares.
DRI’s Market Performance
DRI’s stock has seen a -0.74% decrease for the week, with a 5.96% rise in the past month and a 17.63% gain in the past quarter. The volatility ratio for the week is 2.31%, and the volatility levels for the past 30 days are at 2.01% for Darden Restaurants, Inc. The simple moving average for the past 20 days is 3.56% for DRI’s stock, with a 8.14% simple moving average for the past 200 days.
Analysts’ Opinion of DRI
Many brokerage firms have already submitted their reports for DRI stocks, with Evercore ISI repeating the rating for DRI by listing it as a “Outperform.” The predicted price for DRI in the upcoming period, according to Evercore ISI is $205 based on the research report published on September 20, 2024 of the current year 2024.
Bernstein, on the other hand, stated in their research note that they expect to see DRI reach a price target of $180, previously predicting the price at $190. The rating they have provided for DRI stocks is “Mkt Perform” according to the report published on September 20th, 2024.
TD Cowen gave a rating of “Hold” to DRI, setting the target price at $150 in the report published on July 23rd of the current year.
DRI Trading at 4.25% 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 -4.05% of loss for the given period.
Volatility was left at 2.01%, however, over the last 30 days, the volatility rate increased by 2.31%, as shares surge +4.14% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.48% upper at present.
During the last 5 trading sessions, DRI fell by -0.74%, which changed the moving average for the period of 200-days by +3.60% in comparison to the 20-day moving average, which settled at $163.85. In addition, Darden Restaurants, Inc saw 3.27% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at DRI starting from Martin Melvin John, who sale 3,000 shares at the price of $163.30 back on Oct 04 ’24. After this action, Martin Melvin John now owns 12,601 shares of Darden Restaurants, Inc, valued at $489,895 using the latest closing price.
Martin Melvin John, the Director of Darden Restaurants, Inc, proposed sale 3,000 shares at $163.04 during a trade that took place back on Oct 04 ’24, which means that Martin Melvin John is holding shares at $489,126 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
- 0.19 for the gross margin
The net margin for Darden Restaurants, Inc stands at 0.09. The total capital return value is set at 0.15. Equity return is now at value 48.62, with 9.22 for asset returns.
Based on Darden Restaurants, Inc (DRI), the company’s capital structure generated 0.44 points at debt to capital in total, while cash flow to debt ratio is standing at 0.96. The debt to equity ratio resting at 0.78. The interest coverage ratio of the stock is 12.29.
Currently, EBITDA for the company is 1.78 billion with net debt to EBITDA at 2.84. When we switch over and look at the enterprise to sales, we see a ratio of 2.2. The receivables turnover for the company is 178.94for trailing twelve months and the total asset turnover is 1.01. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.35.
Conclusion
In conclusion, Darden Restaurants, Inc (DRI) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
