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Darden Restaurants' CFO sold shares at an average price of $181.71, reducing their ownership by 41.33% to 10,262 shares valued at approximately $1.86 million. Insiders sold a total of 52,926 shares worth $9.85 million last quarter, with institutional investors holding 93.64% of the stock. Analysts have raised Darden's price targets, with a consensus rating of "Moderate Buy" and an average target of $201.36.
Insiders at Darden Restaurants sold a total of 52,926 shares valued at $9.85 million last quarter, reducing their ownership to 0.58%. Institutional investors hold 93.64% of the stock, with Citigroup raising its price target to $229, indicating a potential upside of 15.01%. The company reported a quarterly EPS of $2.80, meeting expectations, with revenue of $3.16 billion, a 6.2% increase year-over-year.
Darden Restaurants' senior vice president now holds 4,567 shares valued at $843,433.56, reflecting a 66.98% decrease in ownership. Insiders have sold 52,926 shares worth $9.85 million recently, while institutional investors own 93.64% of the stock. Analysts have raised price targets for DRI, with Barclays setting a new target of $235, indicating an 18.11% potential upside.
Darden Restaurants' CFO sold shares at an average price of $181.71, reducing their stake by 41.33% to 10,262 shares valued at $1.86 million. Insiders sold 52,926 shares worth $9.85 million last quarter, while institutional investors hold 93.64% of the stock. Analysts have raised price targets, with UBS Group now forecasting a target of $225, indicating a potential upside of 13.24%.
[SEC](https://www.sec.gov) and [Bloomberg]
Darden Restaurants' CFO now owns 10,262 shares valued at $1.86 million, reflecting a 41.33% decrease in ownership. Insiders sold 52,926 shares worth $9.85 million last quarter, with 0.58% of stock held by insiders, while institutional investors own 93.64%. Morgan Stanley raised the price target for DRI to $217, indicating a potential upside of 9.23%.
Insider trading at Darden Restaurants revealed a 25.43% decrease in one insider's position, now holding 46,288 shares valued at approximately $8.47 million. Over the past ninety days, insiders sold 52,926 shares worth nearly $9.85 million, while institutional investors own 93.64% of the company. Analysts have raised price targets for DRI, with Bank of America setting a new target of $238, indicating a potential upside of 19.80%.
UBS analyst Dennis Geiger has raised the price target for Darden Restaurants to $225, maintaining a Buy rating, as the company shows strong sales trends despite challenges. Darden's same-store sales grew 2.6% in the third fiscal quarter, with continued momentum expected, and plans to open 60-65 new locations in fiscal year 2026. The partnership with Uber is seen as a growth opportunity, enhancing delivery sales, particularly at Olive Garden.
Citigroup has raised its price target on Darden Restaurants to $229 from $223 while maintaining a Buy rating. As of May 26, 2024, Darden operates 2,181 restaurants, including 2,031 owned and 146 franchised, with popular brands such as Olive Garden, LongHorn Steakhouse, and Ruth's Chris.
UBS identifies potential for "further upside" at Darden Restaurants as Olive Garden's performance improves. As of May 26, 2024, Darden operates 2,181 restaurants, including 2,031 company-owned and 146 franchised, with notable brands like Olive Garden (967) and LongHorn Steakhouse (594).
Darden Restaurants, Inc.
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