Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently bought shares of Darden Restaurants, Inc. NYSE: DRI. In a filing disclosed on May 08th, the Representative disclosed that they had bought between $1,001 and $15,000 in Darden Restaurants stock on April 8th. The trade occurred in the Representative's "JP MORGAN BROKERAGE ACCOUNT" account.
Representative Robert Bresnahan, Jr. also recently made the following trade(s):
- Sold $1,001 - $15,000 in shares of Meta Platforms NASDAQ: META on 4/17/2025.
- Sold $1,001 - $15,000 in shares of Meta Platforms NASDAQ: META on 4/16/2025.
- Sold $1,001 - $15,000 in shares of Western Digital NASDAQ: WDC on 4/11/2025.
- Purchased $1,001 - $15,000 in shares of Alphabet NASDAQ: GOOG on 4/11/2025.
- Purchased $1,001 - $15,000 in shares of Texas Instruments NASDAQ: TXN on 4/11/2025.
- Purchased $1,001 - $15,000 in shares of NVIDIA NASDAQ: NVDA on 4/11/2025.
- Sold $1,001 - $15,000 in shares of Western Digital NASDAQ: WDC on 4/10/2025.
- Sold $1,001 - $15,000 in shares of DexCom NASDAQ: DXCM on 4/8/2025.
- Sold $1,001 - $15,000 in shares of Invesco NYSE: IVZ on 4/8/2025.
- Sold $1,001 - $15,000 in shares of Generac NYSE: GNRC on 4/8/2025.
Darden Restaurants Price Performance
Shares of Darden Restaurants stock traded up $3.60 on Tuesday, hitting $207.45. 547,344 shares of the company traded hands, compared to its average volume of 1,258,910. Darden Restaurants, Inc. has a 52 week low of $135.87 and a 52 week high of $211.00. The business has a 50-day simple moving average of $197.89 and a 200 day simple moving average of $186.82. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.23 and a current ratio of 0.37. The stock has a market capitalization of $24.28 billion, a P/E ratio of 23.76, a price-to-earnings-growth ratio of 2.15 and a beta of 0.74.
Darden Restaurants (NYSE:DRI - Get Free Report) last announced its quarterly earnings data on Thursday, March 20th. The restaurant operator reported $2.80 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.80. Darden Restaurants had a net margin of 9.01% and a return on equity of 50.12%. The business had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.22 billion. During the same quarter last year, the firm earned $2.60 earnings per share. The firm's quarterly revenue was up 6.2% compared to the same quarter last year. Research analysts expect that Darden Restaurants, Inc. will post 9.52 earnings per share for the current fiscal year.
Darden Restaurants Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th were paid a $1.40 dividend. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date was Thursday, April 10th. Darden Restaurants's dividend payout ratio (DPR) is 63.13%.
Institutional Investors Weigh In On Darden Restaurants
A number of institutional investors have recently added to or reduced their stakes in DRI. Raymond James Financial Inc. acquired a new stake in shares of Darden Restaurants in the fourth quarter valued at about $642,967,000. GAMMA Investing LLC boosted its holdings in Darden Restaurants by 46,484.5% in the 1st quarter. GAMMA Investing LLC now owns 928,895 shares of the restaurant operator's stock worth $192,987,000 after buying an additional 926,901 shares during the last quarter. Nuveen LLC purchased a new stake in Darden Restaurants during the 1st quarter worth approximately $84,801,000. Norges Bank acquired a new position in shares of Darden Restaurants during the fourth quarter valued at approximately $75,137,000. Finally, Junto Capital Management LP purchased a new position in shares of Darden Restaurants in the fourth quarter valued at approximately $48,919,000. Institutional investors and hedge funds own 93.64% of the company's stock.
Insider Transactions at Darden Restaurants
In other Darden Restaurants news, SVP John W. Madonna sold 1,806 shares of Darden Restaurants stock in a transaction on Monday, March 24th. The shares were sold at an average price of $207.88, for a total transaction of $375,431.28. Following the sale, the senior vice president now owns 7,192 shares of the company's stock, valued at $1,495,072.96. The trade was a 20.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Ricardo Cardenas sold 20,518 shares of the stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $208.19, for a total transaction of $4,271,642.42. Following the completion of the sale, the chief executive officer now owns 58,836 shares of the company's stock, valued at $12,249,066.84. This trade represents a 25.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 24,613 shares of company stock valued at $5,121,492 over the last ninety days. Insiders own 0.58% of the company's stock.
Analyst Ratings Changes
A number of analysts have recently weighed in on DRI shares. Stifel Nicolaus raised their price objective on Darden Restaurants from $205.00 to $215.00 and gave the stock a "buy" rating in a research report on Friday, March 21st. Raymond James boosted their price target on Darden Restaurants from $200.00 to $210.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 28th. Barclays increased their price objective on shares of Darden Restaurants from $230.00 to $235.00 and gave the company an "overweight" rating in a research report on Friday, March 21st. Sanford C. Bernstein upgraded shares of Darden Restaurants from a "market perform" rating to an "outperform" rating and upped their price target for the company from $180.00 to $215.00 in a research note on Wednesday, January 22nd. Finally, TD Securities raised their price target on shares of Darden Restaurants from $180.00 to $190.00 and gave the stock a "hold" rating in a report on Friday, March 21st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and seventeen have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $201.38.
View Our Latest Stock Report on Darden Restaurants
About Representative Bresnahan
Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania's 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.
Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania's 8th Congressional District. He declared candidacy for the 2026 election.
Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.
About Darden Restaurants
(
Get Free Report)
Darden Restaurants, Inc, together with its subsidiaries, owns and operates full-service restaurants in the United States and Canada. It operates under Olive Garden, LongHorn Steakhouse, Cheddar's Scratch Kitchen, Yard House, The Capital Grille, Seasons 52, Bahama Breeze, Eddie V's Prime Seafood, and Capital Burger brand names.
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