Darden Restaurants, Inc [NYSE: DRI] gained 5.77% or 10.86 points to close at $199.01 with a heavy trading volume of 3177188 shares.
The daily chart for DRI points out that the company has recorded 23.20% gains over the past six months.
If we look at the average trading volume of 1.21M shares, DRI reached to a volume of 3177188 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Darden Restaurants, Inc [DRI]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for DRI shares is $206.93 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on DRI stock is a recommendation set at 2.06. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Bernstein have made an estimate for Darden Restaurants, Inc shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on January 22, 2025. While these analysts kept the previous recommendation, Goldman raised their target price to Neutral. The new note on the price target was released on December 05, 2024, representing the official price target for Darden Restaurants, Inc stock. Previously, the target price had yet another raise from $165 to $205, while Evercore ISI kept a Outperform rating on DRI stock. On September 20, 2024, analysts decreased their price target for DRI shares from 190 to 180.
The Average True Range (ATR) for Darden Restaurants, Inc is set at 5.64, with the Price to Sales ratio for DRI stock in the period of the last 12 months amounting to 2.01. The Price to Book ratio for the last quarter was 11.26, with the Price to Cash per share for the same quarter was set at 2.06. Price to Free Cash Flow for DRI in the course of the last twelve months was 22.35 with Quick ratio for the last quarter at 0.23.
Trading performance analysis for DRI stock
Darden Restaurants, Inc [DRI] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 9.87. With this latest performance, DRI shares gained by 1.10% in over the last four-week period, additionally plugging by 23.20% over the last 6 months – not to mention a rise of 15.12% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for DRI stock in for the last two-week period is set at 58.53, with the RSI for the last a single of trading hit 63.07, and the three-weeks RSI is set at 56.95 for Darden Restaurants, Inc [DRI]. The present Moving Average for the last 50 days of trading for this stock 191.57, while it was recorded at 189.76 for the last single week of trading, and 167.11 for the last 200 days.
Darden Restaurants, Inc [DRI]: A deeper dive into fundamental analysis
Darden Restaurants, Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.23 and a Current Ratio set at 0.37.
Darden Restaurants, Inc [DRI]: An earnings per share (EPS) analysis
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for DRI. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Darden Restaurants, Inc go to 9.28%.
An analysis of Institutional ownership at Darden Restaurants, Inc [DRI]
There are presently around $97.31%, or 97.72%% of DRI stock, in the hands of institutional investors. The top three institutional holders of DRI stocks are: CAPITAL WORLD INVESTORS with ownership of 15.25 million shares, which is approximately 12.7162%. VANGUARD GROUP INC, holding 13.78 million shares of the stock with an approximate value of $$2.08 billion in DRI stocks shares; and VANGUARD GROUP INC, currently with $$1.32 billion in DRI stock with ownership which is approximately 7.3331%.
