A new trading day began on Tuesday, with Darden Restaurants, Inc. (NYSE: DRI) stock price up 0.05% from the previous day of trading, before settling in for the closing price of $154.06. DRI’s price has ranged from $133.36 to $176.84 over the past 52 weeks.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
A company in the Consumer Cyclical sector has jumped its sales by 6.39% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged 10.59%. With a float of $118.90 million, this company’s outstanding shares have now reached $121.07 million.
In an organization with 187384 employees, it is important to assess its efficiency.
Darden Restaurants, Inc. (DRI) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Restaurants Industry. The insider ownership of Darden Restaurants, Inc. is 0.38%, while institutional ownership is 94.56%. The most recent insider transaction that took place on Apr 08 ’24, was worth 192,858. In this transaction Director of this company sold 1,219 shares at a rate of $158.21, taking the stock ownership to the 6,281 shares. Before that another transaction happened on Mar 28 ’24, when Company’s President, SRG sold 3,100 for $167.62, making the entire transaction worth $519,622. This insider now owns 14,108 shares in total.
Darden Restaurants, Inc. (DRI) Latest Financial update
Wall Street market experts anticipate that the next fiscal year will bring earnings of 655.97 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 10.59% 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
Here are Darden Restaurants, Inc.’s current performance indicators. According to the last quarter’s results, the 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 1.64. Likewise, its price to free cash flow for the trailing twelve months is 19.06.
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)
Let’s dig in a bit further. During the last 5-days, its volume was 1.2 million. That was better than the volume of 1.16 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 15.45%. Additionally, its Average True Range was 3.07.
During the past 100 days, Darden Restaurants, Inc.’s (DRI) raw stochastic average was set at 10.28%, which indicates a significant decrease from 15.80% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 19.55% in the past 14 days, which was lower than the 19.88% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $166.13, while its 200-day Moving Average is $158.59. However, in the short run, Darden Restaurants, Inc.’s stock first resistance to watch stands at $155.29. Second resistance stands at $156.43. The third major resistance level sits at $157.86. If the price goes on to break the first support level at $152.71, it is likely to go to the next support level at $151.29. The third support level lies at $150.14 if the price breaches the second support level.
Darden Restaurants, Inc. (NYSE: DRI) Key Stats
With a market capitalization of 18.40 billion, the company has a total of 119,359K Shares Outstanding. Currently, annual sales are 10,488 M while annual income is 981,900 K. The company’s previous quarter sales were 2,975 M while its latest quarter income was 312,900 K.
