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Laura B. Williamson, President of LongHorn Steakhouse, a division of Darden Restaurants Inc. (NYSE:DRI), recently executed stock transactions involving the company’s common stock. On March 26, Williamson sold shares totaling $736,420. The sales were conducted at prices ranging from $207.2557 to $207.4526 per share, near the stock’s 52-week high of $211. With a market capitalization of $24 billion, Darden has shown strong momentum, gaining nearly 27% over the past six months according to InvestingPro data.
In addition to the sales, Williamson also acquired shares through stock option exercises. The transactions involved two separate acquisitions totaling $380,241, with shares bought at $107.05 each. These acquisitions were made through the exercise of stock options, with some shares held directly and others indirectly by a spouse. According to InvestingPro analysis, the stock currently trades at a P/E ratio of 23, with analysts maintaining a consensus buy recommendation and a higher price target.
Following these transactions, Williamson’s direct ownership of Darden Restaurants shares was adjusted, reflecting the recent sale and acquisition activities. For deeper insights into Darden’s valuation, financial health, and growth prospects, access the comprehensive Pro Research Report available exclusively on InvestingPro, covering over 1,400 top US stocks.
In other recent news, Darden Restaurants has seen a series of positive developments from various analysts. Guggenheim has raised its price target for Darden Restaurants to $220, maintaining a Buy rating due to an upward revision in fiscal year 2026 earnings per share (EPS) estimates. KeyBanc has also increased its price target to $220, reflecting optimism about Darden’s top-line performance and improved restaurant-level margins. UBS has gone further, setting a target of $225, citing resilient sales trends and strategic plans that support continued momentum into fiscal year 2026. Stifel has adjusted its target to $215, noting that Darden’s earnings met expectations despite softer sales at Olive Garden and LongHorn Steakhouse. Meanwhile, BofA Securities has set the highest price target at $238, emphasizing Darden’s strong underlying trends and promising results from the Olive Garden partnership with Uber (NYSE:UBER) Direct. These recent developments underscore analysts’ confidence in Darden’s ability to maintain growth amid market challenges.
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