Melvin Martin, President of SRG at Darden Restaurants Inc (DRI, Financial), executed a sale of 2,000 shares in the company on September 27, 2024. The transaction was filed on the same day through an SEC Filing. Post-transaction, the insider now directly owns 15,562.262 shares of Darden Restaurants Inc.
Darden Restaurants Inc operates full-service restaurants in the United States and Canada. It owns and operates a variety of well-known restaurant brands, including Olive Garden, LongHorn Steakhouse, Cheddar's Scratch Kitchen, Yard House, The Capital Grille, Seasons 52, Bahama Breeze, and Eddie V's.
Over the past year, Melvin Martin has sold a total of 25,206 shares of the company and has not made any purchases. The insider transaction history for Darden Restaurants Inc shows a trend with 24 insider sells and no insider buys over the same timeframe.
On the day of the sale, shares of Darden Restaurants Inc were priced at $167.23, resulting in a market cap of approximately $19.44 billion. The price-earnings ratio of the stock stands at 18.93, which is below both the industry median of 22.69 and the company’s historical median.
The stock’s valuation according to the GF Value is $174.42, indicating a price-to-GF-Value ratio of 0.96. This suggests that Darden Restaurants Inc is Fairly Valued based on its GF Value.
The GF Value is calculated considering historical trading multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
This sale by the insider may be of interest to current and potential investors, providing insight into insider confidence and stock valuation perceptions at Darden Restaurants Inc.
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.
