Evercore ISI raised the price target for the Darden Restaurants Inc. (NYSE:DRI) stock from “an Outperform” to “an In-line”. The rating was released on August 09, 2021. We previously noted in another research note published on June 25, 2021 by MKM Partners that upgraded the stock from a Neutral to a Buy with a price target of $168 for DRI stock. The research report from Cowen has upgraded the stock from Market Perform to Outperform, with a price target set at $164. The stock was downgraded by MKM Partners, who disclosed in a research note on March 16, 2021, from Buy to Neutral and set the price objective to $160. In their research brief published January 19, 2021, Morgan Stanley analysts upgraded the Darden Restaurants Inc. stock from Equal-Weight to Overweight with a price target of $142.
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The latest trade, Performances and Moving Averages give us the following Picture
The share price of Darden Restaurants Inc. (NYSE:DRI) raised 0.02% to close Friday’s market session at $141.99, higher as compared to yesterday’s close. The stock price fluctuated between $141.575 and $143.39 throughout the trading session with the volume trading being 975522 shares, which represented a significant variation when compared to the three months average volume of 1.65 million shares. The firm’s stock price fluctuated -1.87% within the last five trades and -1.95% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 10.54% in the last 6 months and 1.77% was added to its value over the previous 3 months. DRI stock is trading at a margin of -1.56%, -0.22% and 7.97% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, DRI deals in the Consumer Cyclical domain. The stock is trading -5.79 percent below its 52-week high and 80.08 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 56.72. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Darden Restaurants Inc.’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at 9.00 percent and the profit margin is 8.70 percent, and the company has reported a gross margin of 20.80 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $18.54 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for Darden Restaurants Inc. (NYSE:DRI) is 29.70. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 17.08. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 2.58 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 6.60, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 0.40 percent of Darden Restaurants Inc. shares are owned by insiders, and 93.60 percent are held by financial institutions. Cardenas Ricardo, the President and COO at Darden Restaurants Inc. (DRI) has sold 5,326 shares of firm on Aug 02 at a price of $147.05 against the total amount of $0.78 million. In another inside trade, LEE EUGENE I JR, Chairman and CEO of Darden Restaurants Inc. (NYSE:DRI) sold 30,748 shares of the firm on Jul 29 for a total worth of $4.62 million at a price of $150.18. An inside trade which took place on Jul 29, President, LongHorn Steakhouse of Darden Restaurants Inc. Burrowes Todd sold 22,157 shares of firm against total price of $3.33 million at the cost of $150.07 per share.