Darden Restaurants, Inc. (DRI): Take A Look At It Now

The stock of Darden Restaurants, Inc. (NYSE:DRI) has been Initiated to Neutral by MKM Partners in its latest research note that was published on August 13. KeyBanc Capital Markets, analysts launched coverage of DRI stock with a Overweight rating, according to their flash note to investors on July 23. Analysts at Maxim Group downgraded the stock to a Hold call from its previous Buy stance, in a research note that dated back to July 16.

Darden Restaurants, Inc., which has current market capitalization of above $15 Billion, published its last quarter earnings on May 31, 2019.

DRI surged by $0.26 during the normal trading session on Thursday and reaching a high of $127.46 during the day while it closed the day at $126.06. The Darden stock had a low trading volume of 1.04 million shares on that day, which is low compared to the average daily volume of 1.22M shares. DRI has also gained 1.61% of its value over the past 7 days. However, the stock has surged by 6.02% in the 3 months of the year. Over the past six months meanwhile, it has gained 14.56% while it has added 26.24% year-on date. Let us now take a look at the stock’s potential support and resistance levels. The publicly traded company was seen to have slipped by -1.51% from its 3 months high price. However, taking another look at DRI will indicate that it is trading +12.05% away from its 90-day low. Looking at the bigger picture, the Darden Restaurants, Inc. stock has dropped by -1.51% from its 52-week high while it has surged by +31.55% from its 52-week low price.

On July 30, 2019 Madonna John W., SVP, Corporate Controller sold 1000 shares of the company. The average price for that transaction was $124.12 per share, which meant that Madonna John W. earned $124120 selling the stocks. The sale was made public, with the document of the transaction filed with the SEC. Another insider trading occurred, with SVP General Counsel, Broad Matthew R selling 4200 shares of this stock on July 30, 2019. The average selling price for the stock was $125.22 per share, with the sold stock accruing $525924. Following this transaction, the SVP General Counsel Broad Matthew R now holds 2341 shares of the company, which is worth around $297775.2.

Darden has around 457 Billion cash on their books at the moment. This figure will have to be compared and looked into, with their current liabilities standing at $1 Trillion. The Darden stock is bringing in revenue of over 12 months, which is roughly 2 Trillion. Despite all that, Darden Restaurants, Inc. is seeing things progressing very much as their y-o-y quarterly revenue surged by 4.66%.

Looking at the stock’s Technical analysis information over the past 50 days shows that its Raw Stochastic average stood at 85.54%. This figure is worse than the company’s 20-day Raw Stochastic average which currently stands at 85.54%. Over the past 20 days, Darden’s Stochastic %K stood at 91.27% while its Stochastic %D was revealed to be 93.08%.