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Daniel J. Kiernan, President of Olive Garden at Darden Restaurants Inc (NYSE:DRI), reported selling 85 shares of common stock on July 29 at a price of $203.91, totaling $17,332. The transaction comes as Darden, currently valued at $23.7 billion, maintains a strong financial health score according to InvestingPro analysis.
According to a Form 4 filing with the Securities and Exchange Commission, Kiernan also disposed of 3,784 shares of common stock on July 27 and 28, with the transactions being related to the vesting of restricted stock units. The price for these shares was $204.48, totaling $1,029,147. The stock, known for its low price volatility, trades at a P/E ratio of 22.6.
On July 27 and 28, Kiernan also acquired a total of 9,879 shares of Darden Restaurants common stock through the conversion of derivative securities. These conversions were related to performance restricted stock units and restricted stock units, with the price per share being $0. For deeper insights into DRI’s valuation and performance metrics, including 10+ additional exclusive ProTips, visit InvestingPro for a comprehensive analysis report.
In other recent news, Darden Restaurants reported fiscal fourth-quarter earnings that slightly exceeded analyst expectations, with adjusted earnings per share of $2.98 compared to the consensus estimate of $2.97. Revenue reached $3.272 billion, surpassing expectations of $3.265 billion, while restaurant margins outperformed projections at 21.6%. Despite these positive results, Darden issued a conservative outlook for fiscal year 2026, causing some concern among analysts. Truist Securities maintained its buy rating on Darden, citing strong same-store sales, although the fiscal year 2026 earnings guidance fell below expectations. Melius Research initiated coverage with a Hold rating and a price target of $240, describing Darden as a model of consistency in full-service dining. Stephens raised its price target to $212 from $200, following Darden’s strong quarterly performance, particularly noting the success of Olive Garden and LongHorn Steakhouse. BTIG also reiterated a Buy rating, highlighting mid-single-digit same-store sales growth and positive traffic at Darden’s flagship brands. These developments provide investors with various perspectives on Darden’s current financial standing and future outlook.
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