Darden Restaurants, Inc’s recent filing unveils that its Officer MATTHEW R BROAD acquired Company’s shares for reported $2.39 million on Jan 21 ’25. In the deal valued at $187.37 per share,12,759 shares were bought.
Then, ATKINS M SHAN sold 1,100 shares, generating $199,217 in total proceeds. Upon selling the shares at $181.11, the Director now owns 1,014 shares.
Before that, Margaret S. Atkins bought 1,100 shares. Darden Restaurants, Inc shares valued at $200,244 were divested by the Director at a price of $182.04 per share.
Goldman initiated its Darden Restaurants, Inc [DRI] rating to a Neutral in a research note published on December 05, 2024; the price target was $183. A number of analysts have revised their coverage, including Evercore ISI’s analysts, who increased its forecast for the stock in mid September from “an In-line” to “an Outperform”. Bernstein also remained covering DRI and has decreased its forecast on September 20, 2024 with a “Mkt perform” recommendation from previously “an Outperform” rating. TD Cowen revised its rating on July 23, 2024. It rated DRI as “a Hold” which previously was an “a Buy”.
Price Performance Review of DRI
On Tuesday, Darden Restaurants, Inc [NYSE:DRI] saw its stock jump 2.61% to $186.49. Over the last five days, the stock has gained 2.04%. Darden Restaurants, Inc shares have fallen nearly -0.11% since the year began. Nevertheless, the stocks have risen 16.61% over the past one year. While a 52-week high of $189.18 was reached on 01/02/25, a 52-week low of $135.87 was recorded on 01/13/25. SMA at 50 days reached $174.95, while 200 days put it at $158.58.
Levels Of Support And Resistance For DRI Stock
The 24-hour chart illustrates a support level at 183.31, which if violated will result in even more drops to 180.12. On the upside, there is a resistance level at 188.74. A further resistance level may holdings at 190.99. The Relative Strength Index (RSI) on the 14-day chart is 61.10, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.81, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 21.32%. Stochastics %K at 44.23% indicates the stock is a holding.
How much short interest is there in Darden Restaurants, Inc?
A steep rise in short interest was recorded in Darden Restaurants, Inc stocks on 2024-11-29, growing by 0.24 million shares to a total of 6.67 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 6.44 million shares. There was a rise of 3.54%, which implies that there is a positive sentiment for the stock.
