In a recent transaction, Atkins M Shan, a director at Darden Restaurants Inc. (NYSE:DRI), sold 1,100 shares of common stock. The sale was conducted on January 15, 2025, at a weighted average price of $181.11 per share, totaling approximately $199,217. The transaction comes as Darden, currently valued at $21.2 billion, trades near its 52-week high of $189.18. According to InvestingPro analysis, the stock appears to be fairly valued based on its proprietary Fair Value model. Following this transaction, Atkins M Shan holds 1,014 shares directly. This transaction was executed in multiple trades at prices ranging from $181.02 to $181.22 per share, as noted in the filing. The stock currently trades at a P/E ratio of 20.6, with analysts maintaining a moderate buy consensus. For comprehensive insider trading analysis and 8 additional key insights about Darden, check out the detailed Pro Research Report available on InvestingPro.
In other recent news, Darden Restaurants has been making headlines with robust earnings and revenue results. The company's second-quarter fiscal year 2025 performance exceeded expectations, with earnings per share of $2.03, slightly above the consensus estimate of $2.02, and a revenue growth of nearly 6% over the last twelve months to $11.4 billion. Additionally, Darden's same-store sales grew by 2.4%, surpassing the Street's expectation of 1.4%.
Several financial firms, including KeyBanc Capital Markets, BMO Capital, Stephens, Oppenheimer, Baird, and Raymond (NS:RYMD) James, have revised their price targets for Darden. KeyBanc Capital Markets, for instance, maintained a positive outlook on Darden Restaurants, reiterating an Overweight rating and a $200.00 price target, citing the strength of big brands in delivering high-value experiences in the current demand environment.
On the other hand, BMO Capital raised the target to $175, citing an increase in sales trend estimates and the application of a roll-forward methodology to fiscal year 2026. Despite these initiatives, the analyst from BMO Capital noted that Darden's performance relative to the restaurant industry continues to face challenges compared to historical standards.
These are recent developments in Darden's financial journey, pointing towards a strong market position and steady growth.
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