Darden Restaurants Stocks (DRI) have seen quite a bit of activity. Multiple analysts provided a 'Moderate Buy' rating based on the company's strong sales streak and raising the price target to $210.00. Sales are largely fuelled by high visitor numbers at DRI-owned outlets like Olive Garden and LongHorn Steakhouse. Owing to better-than-expected Q2 results, the stock price soared, hitting an all-time high multiple times, most notably reaching $189.66. A majority of the firms have increased their holdings, although some, such as Empowered Funds LLC and Yousif Capital Management LLC, released part of their shares. Among individual sellers, insiders, including senior executives like president Melvin and SVP Susan Connelly, unloaded a noticeable number of stocks. Strategically, DRI is also YieldBoosting to 12.3% using options and building partnerships, most significant of which is the delivery deal with Uber which excited the market and pushed up stock price. Despite some struggle in fine dining sales, DRI's optimistic vision and strong performance suggest sustained growth ahead.
Darden Restaurants Stocks DRI News Analytics from Thu, 12 Sep 2024 07:00:00 GMT to Sat, 15 Feb 2025 09:57:48 GMT - Rating 8 - Innovation 5 - Information 9 - Rumor 3
