Darden Restaurants, Inc. (NYSE: DRI) on Tuesday, plunged -0.94% from the previous trading day, before settling in for the closing price of $172.74. Within the past 52 weeks, DRI’s price has moved between $133.36 and $176.84.
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Consumer Cyclical Sector giant saw their annual sales surged by 7.05% over the last five years. The company achieved an average annual earnings per share of 6.41%. With a float of $117.92 million, this company’s outstanding shares have now reached $118.86 million.
The firm has a total of 191105 workers. Let’s measure their productivity. In terms of profitability, gross margin is 23.1%, operating margin of 11.78%, and the pretax margin is 10.37%.
Darden Restaurants, Inc. (DRI) Insider Activity
Observing investor behavior towards Restaurants industry stocks is more important than anything else. The insider ownership of Darden Restaurants, Inc. is 0.46%, while institutional ownership is 97.62%. The most recent insider transaction that took place on Sep 24 ’24, was worth 1,106,232. Before that another transaction happened on Sep 24 ’24, when Company’s Officer proposed sale 4,735 for $172.96, making the entire transaction worth $818,960.
Darden Restaurants, Inc. (DRI) Earnings and Forecasts
As on 8/31/2024, Multinational firm has announced its last quarter scores, in which it reported 1.84 earnings per share (EPS) for the period topping the consensus outlook (set at 1.73) by 0.11. Wall Street market experts anticipate that the next fiscal year will bring earnings of 2.79 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 6.41% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 8.68% during the next five years compared to 8.38% growth over the previous five years of trading.
Darden Restaurants, Inc. (NYSE: DRI) Trading Performance Indicators
Darden Restaurants, Inc. (DRI) is currently performing well based on its current performance indicators. A quick ratio of 0.22 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.78. Likewise, its price to free cash flow for the trailing twelve months is 20.11.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 8.66, a number that is poised to hit 2.03 in the next quarter and is forecasted to reach 10.54 in one year’s time.
Technical Analysis of Darden Restaurants, Inc. (DRI)
Analysing the last 5-days average volume posted by the [Darden Restaurants, Inc., DRI], we can find that recorded value of 2.16 million was better than the volume posted last year of 1.24 million. As of the previous 9 days, the stock’s Stochastic %D was 87.19%. Additionally, its Average True Range was 3.63.
During the past 100 days, Darden Restaurants, Inc.’s (DRI) raw stochastic average was set at 93.03%, which indicates a significant increase from 86.65% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 35.72% in the past 14 days, which was higher than the 24.78% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $151.74, while its 200-day Moving Average is $156.69. Now, the first resistance to watch is $172.90. This is followed by the second major resistance level at $174.69. The third major resistance level sits at $175.63. If the price goes on to break the first support level at $170.17, it is likely to go to the next support level at $169.23. Should the price break the second support level, the third support level stands at $167.44.
Darden Restaurants, Inc. (NYSE: DRI) Key Stats
Market capitalization of the company is 20.27 billion based on 119,359K outstanding shares. Right now, sales total 11,390 M and income totals 1,028 M. The company made 2,757 M in profit during its latest quarter, and 207,200 K in sales during its previous quarter.
