Moody’s downgrades Senegal to Caa1 amid rising debt concerns
Matthew R. Broad, SVP General Counsel at Darden Restaurants Inc (NYSE:DRI), sold 5,661 shares of common stock on October 6, 2025, for approximately $1.09 million. The sales were executed in multiple trades at prices ranging from $193.32 to $193.44. The transaction occurred with the stock trading near its 52-week high of $228.27, in a company currently valued at $22.18 billion. InvestingPro analysis indicates the stock is trading at a premium to its Fair Value.
According to a Form 4 filing with the Securities and Exchange Commission, Broad also gifted 515 shares of Darden Restaurants, Inc. common stock to a donor advised fund. The transaction was a bona fide gift and no consideration was received. The company maintains strong financial health with a GOOD rating from InvestingPro, having maintained dividend payments for 31 consecutive years with a current yield of 3.13%.
Following these transactions, Broad directly owns 13,915.7540 shares of Darden Restaurants. This number includes shares acquired through the Darden Restaurants, Inc. Employee Stock Purchase Plan and dividend reinvestment feature of the Plan. For comprehensive insights into DRI’s valuation and financial metrics, including 10 key ProTips, access the full research report on InvestingPro.
In other recent news, Darden Restaurants reported its first-quarter fiscal 2026 results, which revealed strong sales momentum but lower margins and earnings due to increased labor and operating expenses. Despite these challenges, the company raised its fiscal year 2026 sales guidance. Following the earnings report, UBS lowered its price target for Darden Restaurants to $230, maintaining a Buy rating, while Truist Securities reduced its target to $240, also keeping a Buy rating. TD Cowen adjusted its price target to $200, maintaining a Hold rating, citing the end of favorable year-over-year comparisons at the Olive Garden chain.
Additionally, Darden Restaurants announced that its board approved a $17 million equity award for CEO Ricardo Cardenas, which will be granted in September 2025 and will vest in July 2030 based on performance metrics. This grant is part of the company’s Amended & Restated 2015 Omnibus Incentive Plan. The performance stock units will vest contingent on Mr. Cardenas’s continued employment and the company’s total shareholder return relative to the S&P 500. The number of units that vest could range from 0% to 200% of the target, depending on performance.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.