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Darden Restaurants (NYSE:DRI), based in Orlando, Florida, operates several well-known dining brands, including Olive Garden and LongHorn Steakhouse. With a market capitalization of $22.18 billion and a P/E ratio of 21.38, the company's stock is currently trading slightly above its InvestingPro Fair Value. The company's stock is traded on the New York Stock Exchange under the ticker symbol DRI. For comprehensive analysis and additional insights, investors can access the detailed Pro Research Report available on InvestingPro, covering what really matters about this leading restaurant chain.
In addition to the sale, Vennam exercised stock options to acquire a total of 7,228 shares of Darden common stock. These options were exercised at prices of $78.84 and $107.05 per share, resulting in a total value of $658,914. Following these transactions, Vennam holds 10,261.718 shares directly, which includes shares acquired through the company's Employee Stock Purchase Plan and its dividend reinvestment feature. The company has maintained dividend payments for 30 consecutive years, with a current dividend yield of 3%.
Darden Restaurants, based in Orlando, Florida, operates several well-known dining brands, including Olive Garden and LongHorn Steakhouse. With a market capitalization of $22.18 billion and a P/E ratio of 21.38, the company's stock is currently trading slightly above its InvestingPro Fair Value. The company's stock is traded on the New York Stock Exchange under the ticker symbol DRI. For comprehensive analysis and additional insights, investors can access the detailed Pro Research Report available on InvestingPro, covering what really matters about this leading restaurant chain.
In other recent news, Darden Restaurants has seen a series of adjustments in price targets by various financial firms following impressive earnings and revenue results. The company's second-quarter earnings per share for fiscal year 2025 narrowly surpassed the consensus estimate, leading to an increase in price targets by BMO Capital, Stephens, Oppenheimer, KeyBanc Capital Markets, Baird, and Raymond (NS:RYMD) James. Darden also confirmed its earnings guidance for fiscal year 2025, expecting comparable sales to align with its previous guidance range.
Despite the promising performance, analysts noted Darden's continued challenges in the restaurant industry. However, the company's proactive initiatives to drive sales in the second half of fiscal year 2025 have been recognized. Darden's financial health is further reflected in its strong dividend track record, having paid dividends for 30 consecutive years.
The company also plans to introduce new menu items and ramp up marketing efforts to drive sales. The recent acquisition of Chuy's is expected to contribute to the company's growth. These are all recent developments in Darden's financial journey.
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