Darden Restaurants, Inc’s recently made public that its Director Charles Sonsteby acquired Company’s shares for reported $1.64 million on Mar 28 ’25. In the deal valued at $204.56 per share,8,005 shares were bought.
Then, Williamson Laura B sold 2,289 shares, generating $474,408 in total proceeds. Upon selling the shares at $207.26, the President, LongHorn Steakhouse now owns 10,056 shares.
Before that, Williamson Laura B sold 1,263 shares. Darden Restaurants, Inc shares valued at $262,013 were divested by the President, LongHorn Steakhouse at a price of $207.45 per share. As a result of the transaction, Williamson Laura B now holds 5,393 shares, worth roughly $1.11 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 fall -1.38% to $205.13. Over the last five days, the stock has gained 2.60%. Darden Restaurants, Inc shares have risen nearly 9.88% since the year began. Nevertheless, the stocks have risen 25.46% over the past one year. While a 52-week high of $211.00 was reached on 03/27/25, a 52-week low of $135.87 was recorded on 01/13/25. SMA at 50 days reached $194.42, while 200 days put it at $168.80.
Levels Of Support And Resistance For DRI Stock
The 24-hour chart illustrates a support level at 203.07, which if violated will result in even more drops to 201.00. On the upside, there is a resistance level at 207.38. A further resistance level may holdings at 209.62. The Relative Strength Index (RSI) on the 14-day chart is 60.72, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 10.76, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 19.07%. Stochastics %K at 87.06% 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 2025-03-14, dropping by -0.2 million shares to a total of 4.78 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-14 was 4.98 million shares. There was a decline of -4.22%, which implies that there is a negative sentiment for the stock.
