Darden Restaurants Inc (DRI, Financial), a prominent player in the full-service restaurant industry, recently witnessed a significant transaction by one of its top executives. Douglas Milanes, the Senior Vice President and Chief Supply Chain Officer, sold 5,705 shares of the company on September 23, 2024. The transaction was documented in an SEC Filing. Following this sale, the insider now owns 3,834.323 shares of Darden Restaurants Inc.
Darden Restaurants Inc operates several well-known restaurant brands including Olive Garden, LongHorn Steakhouse, and Cheddar's Scratch Kitchen, focusing on delivering a variety of culinary experiences. The company's commitment to quality and service has positioned it as a leader in the restaurant sector.
Over the past year, Douglas Milanes has sold a total of 9,201 shares and has not made any purchases. This recent sale is part of a broader trend observed within the company, where there have been 18 insider sells and no insider buys over the same period.
On the day of the sale, shares of Darden Restaurants Inc were priced at $172.04, giving the company a market cap of approximately $19.93 billion. The price-earnings ratio of the stock stands at 19.41, which is below both the industry median of 22.62 and the company's historical median.
According to the GF Value, the intrinsic value of Darden Restaurants Inc is estimated at $174.29 per share, suggesting that the stock is Fairly Valued with a price-to-GF-Value ratio of 0.99. The GF Value is a comprehensive measure that incorporates historical trading multiples, a GuruFocus adjustment factor based on past performance, and future business projections.
This insider activity and valuation context provide a snapshot of the current financial landscape at Darden Restaurants Inc, reflecting both the actions of significant insiders and the broader market assessment of the company's stock value.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
