Darden Restaurants, Inc (DRI) concluded trading on Thursday at a closing price of $183.44, with 4.77 million shares of worth about $874.22 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 19.68% during that period and on December 19, 2024 the price saw a gain of about 14.74%. Currently the company’s common shares owned by public are about 118.00M shares, out of which, 117.00M shares are available for trading.
Stock saw a price change of 11.18% in past 5 days and over the past one month there was a price change of 14.04%. Year-to-date (YTD), DRI shares are showing a performance of 11.65% which increased to 10.87% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $135.87 but also hit the highest price of $177.67 during that period. The average intraday trading volume for Darden Restaurants, Inc shares is 1.27 million. The stock is currently trading 7.90% above its 20-day simple moving average (SMA20), while that difference is up 10.60% for SMA50 and it goes to 16.78% higher than SMA200.
Darden Restaurants, Inc (NYSE: DRI) currently have 118.00M outstanding shares and institutions hold larger chunk of about 96.36% of that.
The stock has a current market capitalization of $21.55B and its 3Y-monthly beta is at 1.34. PE ratio of stock for trailing 12 months is 21.19, while it has posted earnings per share of $8.66 in the same period. Its PEG reads 2.26 and has Quick Ratio of 0.22 while making debt-to-equity ratio of 3.25. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for DRI, volatility over the week remained 3.65% while standing at 2.49% over the month.
Stock’s fiscal year EPS is expected to rise by 6.30% while it is estimated to increase by 12.31% in next year. EPS is likely to grow at an annualized rate of 9.38% for next 5-years, compared to annual growth of 8.38% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Goldman on December 05, 2024 offering a Neutral rating for the stock and assigned a target price of $183 to it. Coverage by Evercore ISI stated Darden Restaurants, Inc (DRI) stock as an Outperform in their note to investors on September 20, 2024, suggesting a price target of $205 for the stock. On September 20, 2024, Bernstein Downgrade their recommendations, while on July 23, 2024, TD Cowen Downgrade their ratings for the stock with a price target of $150. Stock get an Underperform rating from Jefferies on July 11, 2024.
