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Laura B. Williamson, President of LongHorn Steakhouse at Darden Restaurants Inc (NYSE:DRI), reported selling 332.8629 shares of common stock on July 21 at a price of $206.81, totaling approximately $68,839. The transaction comes as Darden maintains strong financial health, with InvestingPro data showing the company has delivered a 41% return over the past year and maintains a "GOOD" overall financial health rating.
According to a Form 4 filing with the Securities and Exchange Commission, Williamson also engaged in multiple transactions involving the exercising of derivative securities and the subsequent withholding of shares to cover tax obligations. The stock, which has shown relatively low price volatility, currently trades near $203 per share, with 14 analysts recently revising their earnings expectations upward.
Specifically, between July 21 and July 28, Williamson exercised performance restricted stock units and restricted stock units, which converted into common stock on a one-for-one basis, as well as phantom stock. Simultaneously, the filing indicates the withholding of shares for tax obligations on July 27 and 28. These shares were disposed of at a price of $204.48, totaling $153973. For deeper insights into Darden’s valuation and comprehensive analysis, including additional ProTips and detailed metrics, visit InvestingPro.
In other recent news, Darden Restaurants reported fiscal fourth-quarter earnings that slightly exceeded analyst expectations. The company posted adjusted earnings per share of $2.98, just above the consensus estimate of $2.97, and revenue of $3.272 billion, surpassing the expected $3.265 billion. Despite the positive earnings report, the company issued a conservative outlook for fiscal year 2026. Truist Securities maintained its buy rating with a $252.00 price target, even though the fiscal year 2026 guidance fell short of analyst expectations. Stephens raised its price target for Darden to $212 from $200, citing strong quarterly results across key metrics, including same-store sales and margins. Melius Research initiated coverage on Darden with a Hold rating and a price target of $240.00, acknowledging the company’s consistent performance in full-service dining. BTIG reiterated a Buy rating, highlighting the strong sales growth at Olive Garden and LongHorn Steakhouse. These developments reflect the company’s strong recent performance and the varied analyst perspectives on its future outlook.
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