Searching For Real Value In Market Debris At Darden Restaurants, Inc. (NYSE: DRI)

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities.

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Stocks Info

As a NYSE listed company, DRI falls under the Consumer Cyclical sector while operating within the Restaurants industry segment. The current market capitalization of Darden Restaurants, Inc. is $16.48B. A total of 2.38 million shares were traded on the day, compared to an average of 1.24M shares.

In the most recent transaction, Broad Matthew R sold 4,707 shares of DRI for 156.15 per share on Apr 25 ’24. After the transaction, the SVP General Counsel now owns 19,179 company shares. In a previous transaction on Apr 08 ’24, Simon William S sold 1,219 shares at 158.21 per share. DRI shares that Director owns now total 6,281.

Among the insiders who sold shares, Martin Melvin John disposed of 3,100 shares on Mar 28 ’24 at a per-share price of $167.62. This resulted in the President, SRG holding 14,108 shares of DRI after the transaction. In another insider transaction, Martin Melvin John sold 7,673 shares at $165.52 per share on Mar 27 ’24. Company shares held by the President, SRG now total 17,208.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Darden Restaurants, Inc. pays an annual dividend of $5.33, resulting in a dividend yield of 3.86%, and it has a price to earnings (P/E) ratio of 16.21. DRI’s most recent ex-dividend date was 7/10/2024 when it declared a $1.29 quarterly dividend that was paid in cash on 8/15/2024. Previously, the company paid the dividend on 5/1/2024 with an ex-dividend date of 4/9/2024. The DRI stock dividend was $1.31 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. In terms of 52-week highs and lows, DRI has a high of $176.84 and a low of $133.36.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. DRI’s latest balance sheet shows that the firm has $420.60M in Cash & Short Term Investments as of fiscal 2022. There were $4.89B in debt and $1.85B in liabilities at the time. Its Book Value Per Share was $18.27, while its Total Shareholder’s Equity was $2.20B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for DRI is Buy with a score of 4.36.

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