Darden Restaurants (NYSE:DRI – Get Free Report) updated its FY25 earnings guidance on Thursday. The company provided EPS guidance of $9.40-9.60 for the period, compared to the consensus EPS estimate of $9.48. Darden Restaurants also updated its FY 2025 guidance to 9.400-9.600 EPS.
Darden Restaurants Stock Down 1.5 %
Shares of NYSE:DRI opened at $159.14 on Thursday. Darden Restaurants has a 12-month low of $133.36 and a 12-month high of $176.84. The stock’s 50-day moving average price is $149.27 and its two-hundred day moving average price is $153.35. The firm has a market cap of $18.99 billion, a price-to-earnings ratio of 18.68, a PEG ratio of 1.76 and a beta of 1.30. The company has a current ratio of 0.38, a quick ratio of 0.24 and a debt-to-equity ratio of 0.61.
Darden Restaurants (NYSE:DRI – Get Free Report) last issued its earnings results on Thursday, June 20th. The restaurant operator reported $2.65 earnings per share for the quarter, topping the consensus estimate of $2.61 by $0.04. The company had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.97 billion. Darden Restaurants had a return on equity of 49.82% and a net margin of 9.02%. The company’s revenue was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.58 earnings per share. On average, research analysts forecast that Darden Restaurants will post 9.47 EPS for the current year.
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Insiders Place Their Bets
In related news, insider Melvin John Martin sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $141.09, for a total transaction of $352,725.00. Following the transaction, the insider now directly owns 11,691 shares of the company’s stock, valued at approximately $1,649,483.19. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, insider Melvin John Martin sold 2,500 shares of the stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $141.09, for a total transaction of $352,725.00. Following the completion of the transaction, the insider now directly owns 11,691 shares of the company’s stock, valued at approximately $1,649,483.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Sarah H. King sold 15,941 shares of the company’s stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $147.06, for a total transaction of $2,344,283.46. Following the sale, the senior vice president now directly owns 447 shares in the company, valued at $65,735.82. The disclosure for this sale can be found here. Company insiders own 0.85% of the company’s stock.
About Darden Restaurants
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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