-0.19% percent quarterly performance for Darden Restaurants, Inc. (DRI) is not indicative of the underlying story

Darden Restaurants, Inc. (NYSE: DRI) kicked off on Tuesday, down -1.95% from the previous trading day, before settling in for the closing price of $167.24. Over the past 52 weeks, DRI has traded in a range of $133.36-$176.84.

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Over the past five-year period, the growth rate of yearbook sales for the company of the Consumer Cyclical sector was 6.39%. While this was happening, its average annual earnings per share was recorded 10.57%. With a float of $118.95 million, this company’s outstanding shares have now reached $121.07 million.

Considering the fact that the conglomerate employs 187384 people, you should pay attention to its efficiency factor.

Darden Restaurants, Inc. (DRI) Insider Activity

Our next focus will be how large-scale investors are participating in this stock of the Restaurants Industry. The insider ownership of Darden Restaurants, Inc. is 0.39%, while institutional ownership is 94.61%. The most recent insider transaction that took place on Mar 28 ’24, was worth 519,622. In this transaction President, SRG of this company sold 3,100 shares at a rate of $167.62, taking the stock ownership to the 14,108 shares. Before that another transaction happened on Mar 27 ’24, when Company’s President, SRG sold 7,673 for $165.52, making the entire transaction worth $1,270,037. This insider now owns 17,208 shares in total.

Darden Restaurants, Inc. (DRI) Earnings and Forecasts

In the latest quarterly report, which was put into the public domain on 2/28/2024, the organization reported $2.62 earnings per share (EPS), higher than consensus estimate (set at $2.62) by $0. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.93 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 10.57% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 10.06% during the next five years compared to 11.05% growth over the previous five years of trading.

Darden Restaurants, Inc. (NYSE: DRI) Trading Performance Indicators

Take a look at Darden Restaurants, Inc.’s (DRI) current performance indicators. Last quarter, stock had a quick ratio of 0.25. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.75. Likewise, its price to free cash flow for the trailing twelve months is 20.08.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 8.53, a number that is poised to hit 2.62 in the next quarter and is forecasted to reach 9.60 in one year’s time.

Technical Analysis of Darden Restaurants, Inc. (DRI)

Compared to the last year’s volume of 1.13 million, its volume of 1.19 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 31.17%. Additionally, its Average True Range was 3.12.

During the past 100 days, Darden Restaurants, Inc.’s (DRI) raw stochastic average was set at 56.50%, which indicates a significant increase from 14.45% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 32.93% in the past 14 days, which was higher than the 19.46% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $167.44, while its 200-day Moving Average is $158.96. Nevertheless, the first resistance level for the watch stands at $166.27 in the near term. At $168.56, the stock is likely to face the second major resistance level. The third major resistance level sits at $169.95. If the price goes on to break the first support level at $162.58, it is likely to go to the next support level at $161.19. Should the price break the second support level, the third support level stands at $158.90.

Darden Restaurants, Inc. (NYSE: DRI) Key Stats

The company with the Market Capitalisation of 19.58 billion has total of 119,411K Shares Outstanding. Its annual sales at the moment are 10,488 M in contrast with the sum of 981,900 K annual income. Company’s last quarter sales were recorded 2,975 M and last quarter income was 312,900 K.