Darden Restaurants, Inc’s recently made public 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 $0.76 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 $2.79 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 Friday, Darden Restaurants, Inc [NYSE:DRI] saw its stock jump 1.23% to $194.67. Over the last five days, the stock has lost -2.89%. Darden Restaurants, Inc shares have risen nearly 4.27% since the year began. Nevertheless, the stocks have risen 11.62% over the past one year. While a 52-week high of $203.12 was reached on 03/03/25, a 52-week low of $135.87 was recorded on 01/13/25. SMA at 50 days reached $191.06, while 200 days put it at $165.28.
Levels Of Support And Resistance For DRI Stock
The 24-hour chart illustrates a support level at 190.79, which if violated will result in even more drops to 186.92. On the upside, there is a resistance level at 196.97. A further resistance level may holdings at 199.27. The Relative Strength Index (RSI) on the 14-day chart is 51.43, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.54, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 60.77%. Stochastics %K at 30.59% indicates the stock is a holding.
