Darden Restaurants, Inc’s recent filing unveils that its SVP, Chief Supply Chain Ofcr Milanes Douglas J. unloaded Company’s shares for reported $1.55 million on Jan 30 ’25. In the deal valued at $195.95 per share,7,892 shares were sold. As a result of this transaction, Milanes Douglas J. now holds 3,914 shares worth roughly $0.78 million.
Then, DOUGLAS J MILANES bought 7,892 shares, generating $1,546,434 in total proceeds.
Before that, Broad Matthew R sold 12,759 shares. Darden Restaurants, Inc shares valued at $2,390,707 were divested by the SVP General Counsel at a price of $187.37 per share. As a result of the transaction, Broad Matthew R now holds 14,328 shares, worth roughly $2.85 million.
Bernstein upgraded its Darden Restaurants, Inc [DRI] rating to an Outperform from a a Mkt perform in a research note published on January 22, 2025; the price target was increased to $215 from $180. A number of analysts have revised their coverage, including Goldman’s analysts, who began to cover the stock in early December with a ‘”a Neutral”‘ rating. Evercore ISI also remained covering DRI and has increased its forecast on September 20, 2024 with a “an Outperform” recommendation from previously “an In-line” rating. Bernstein revised its rating on September 20, 2024. It rated DRI as “a Mkt perform” which previously was an “an Outperform”.
Price Performance Review of DRI
On Monday, Darden Restaurants, Inc [NYSE:DRI] saw its stock jump 1.76% to $198.67. Over the last five days, the stock has gained 3.14%. Darden Restaurants, Inc shares have risen nearly 6.42% since the year began. Nevertheless, the stocks have risen 22.20% over the past one year. While a 52-week high of $196.80 was reached on 02/03/25, a 52-week low of $135.87 was recorded on 01/13/25. SMA at 50 days reached $179.24, while 200 days put it at $160.20.
Levels Of Support And Resistance For DRI Stock
The 24-hour chart illustrates a support level at 193.63, which if violated will result in even more drops to 188.58. On the upside, there is a resistance level at 201.83. A further resistance level may holdings at 204.99. The Relative Strength Index (RSI) on the 14-day chart is 73.29, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 8.09, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 6.37%. Stochastics %K at 94.09% indicates the stock is a selling.
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.
