Darden Restaurants Inc. [DRI] is -16.72% lower this YTD. Is it still time to buy?
Darden Restaurants Company [NYSE: DRI] The price decreased by -4.44 percent to -$5.83. Company report on September 22 2022 that Darden Restaurants present first-quarter results for fiscal year 2023; declares quarterly dividends; It repeats the financial outlook for fiscal year 2023.
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Darden Restaurants Company (NYSE: DRI) today announced its financial results for the first quarter ended August 28, 2022.
2549,673 shares were traded in the last session while the average daily trading volume was 1.16 million shares. Shares of Darden Restaurants Inc. It reached a high of $129.16 and dropped to a low of $124.41 until the end in the last session at $125.45.
DRI’s 1-year forecast is for a potential rise of 10.28. The average equity rating of the DRI stock is currently 2.10, and it is trading closer to a bullish pattern in the stock market.
Expert opinion on Darden Restaurants Company [DRI]:
Based on accurate and fact-backed analyzes by Wall Street experts, the current consensus on DRI’s stock price target is $139.83 per share. Target price analysis and stock performance are usually carefully studied by market experts, and the current Wall Street consensus on DRI stock is a set recommendation at 2.10. This rating represents a strong buy recommendation, on a scale of 1 to 5, where 5 means strong sell, 4 represents sell, 3 represents hold, and 2 indicates buy.
Bernstein made an appreciation for Darden Restaurants Inc’s stock. , retaining their opinion of the stock as Outperform, with their previous recommendation back on September 08, 2022. While these analysts held the previous recommendation, BofA Securities raised its buy target price. The new note on target price was released on June 27, 2022, which is the official target price for Darden Restaurants Inc. stock. Previously, the target price had been reduced again from $175 to $155, while Oppenheimer maintained Outperform rating on DRI stock.
The Average True Range (ATR) is set for Darden Restaurants Inc. at 3.69, with a price-to-sales ratio for the DRI stock in the last 12-month period at 1.61. The price-to-book ratio for the last quarter was 7.10, with the price-to-cash-to-cash ratio for the same quarter set at 3.41. The price-to-free cash flow ratio for the direct reduction shorter over the past 12 months was 48.91 with a Q4 quick ratio of 0.50.
DRI stock performance analysis:
Darden Restaurants Company [DRI] It fell into the red at the end of last week, fell in a negative trend and fell by -3.82. With this latest performance, DRI shares are down -1.20% over the past four-week period, and also down -4.19% over the past six months – not to mention a -16.54% drop in the last year of trading.
Overbought and oversold stocks can be easily tracked by the Relative Strength Index (RSI), where an RSI result of over 70 is overbought, and any price below 30 indicates oversold conditions. The RSI of 50 represents neutral momentum in the market. The current DRI stock RSI for the past two weeks is set at 44.50, with the last one trade’s RSI at 39.28, and the three-week RSI set at 47.30 for Darden Restaurants Inc. [DRI]. The current moving average of the last 50 trading days for this stock is 126.36 while it recorded at 130.34 for the last trading week, and 131.05 for the last 200 days.
An insight into the basics of the Darden Restaurants Company:
Operating margin for any stock indicates how profitable the investment is, Darden Restaurants Inc. [DRI] The stock currently has an operating margin of +12.06 and a gross margin of +16.87. Net margin was reported for Darden Restaurants Inc. Currently at +9.91.
The return on equity for this stock rose to 38.10, with the return on assets remaining at 7.99.
The liquidity data of Darden Restaurants Inc. Interesting too, with the quick ratio at 0.50 and the current ratio at 0.60.
EPS Stock Dri
The company’s progress can be seen through the perspective of the EPS growth rate, while Wall Street analysts focus on a 5-year EPS growth forecast for the DRI. When it comes to said value, analysts expect 5-year EPS growth to rise for Darden Restaurants Inc. to 8.81%.
Darden Restaurants Company [DRI] Insiders’ position details
There are currently approximately $14,038 million, or 93.00% of DRI’s stock, in the hands of institutional investors. The three largest institutional owners of DRI shares are: Capital INTERNATIONAL INVESTORS with ownership of 15,849,338, which is approximately 0.109% of the company’s market capitalization and about 0.40% of the total institutional ownership; Capital WORLD INVESTORS, Inc., holds 15,643,508 shares of stock with an approximate value of $1.96 billion in DRI stock; and VANGUARD GROUP INC, which currently holds $1.8 billion in DRI stock with ownership of approximately -0.427% of the company’s market capitalization.
Positions in the shares of Darden Restaurants Inc. have increased. held by institutional investors at the end of September and at the time of the September report, as 313 institutional owners consolidated their positions in Darden Restaurants Inc. [NYSE:DRI] About 7,261,173 shares. In addition, the number of 388 investors decreased by about 7,649,439 shares, while 128 investors held positions with 96,986,670 shares. The aforementioned changes put institutional holdings at 1,11,89,7282 shares, according to the latest report from the Securities and Exchange Commission. DRI had 77 new institutional investments totaling 1,462,406 shares, while 110 institutional investors sold positions worth 1,037,094 shares during the same period.