The recent news related to Darden Restaurants, Inc. (NYSE:DRI) has been rather mixed. Several investment firms, such as ING Groep NV and Private Advisor Group LLC, have purchased shares, while the Teacher Retirement System of Texas and Boston Partners have sold a significant amount of their holdings. The restaurant company also witnessed a sales slump due to 'tougher' operating conditions, affecting the DRI's stock performance. Despite this, the company is projected as top value, thanks to its compelling valuation, which triggered a BTIG upgrade.
High level executives such as director William Simon and Sarah King, SVP, Chief People Officer have sold shares, while Director Melvin Martin is also reported to have sold shares. Analysts have provided a Moderate Buy recommendation, with respectable returns of 66% seen over the past five years. Darden Restaurants managed its debt responsibly and the P/E still appears reasonable according to reports. However, despite strong trading days the stock continues to underperform the market overall.
Darden Restaurants Stocks DRI News Analytics from Wed, 15 Apr 2020 07:00:00 GMT to Thu, 23 May 2024 18:06:30 GMT - Rating -2 - Innovation 1 - Information 6 - Rumor -3
