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Darden Restaurants Inc (NYSE:DRI) SVP, General Counsel Matthew R. Broad, reported selling 7,682 shares of common stock on June 30 and July 1, 2025, for a total value of $1.67 million. The sales were executed in multiple trades at prices ranging from $218.0049 to $218.4983. The transactions come as the restaurant chain’s stock has delivered an impressive 54.75% return over the past year, trading near its 52-week high of $228.27. According to InvestingPro analysis, the stock is currently trading slightly above its Fair Value.
According to a Form 4 filing with the Securities and Exchange Commission, Broad also exercised options to acquire 7,682 shares of Darden Restaurants stock at a price of $124.24 per share, for a total value of $954411.
On June 30, Broad exercised options to acquire 6,949 shares and sold the same amount for prices ranging from $218.00 to $218.02. On July 1, he exercised options to acquire 733 shares and sold the same amount for prices ranging from $218.36 to $218.81.
Following these transactions, Broad directly owns 14,367.2330 shares of Darden Restaurants Inc.
In other recent news, Darden Restaurants reported fiscal fourth-quarter earnings that slightly exceeded analyst expectations, with adjusted earnings per share of $2.98 and revenue of $3.272 billion, both surpassing consensus estimates. The company provided a conservative outlook for fiscal year 2026, projecting total sales growth of 7-8% and adjusted earnings per share between $10.50 and $10.70, which is slightly below the consensus of $10.77. Despite the cautious guidance, several analyst firms have maintained positive ratings on the stock. UBS and Truist Securities both reiterated their buy ratings, with Truist positioning its fiscal year 2026 estimates at the high end of Darden’s guidance range. Stephens raised its price target on Darden to $212, citing the company’s strategic shift toward portfolio quality and improved returns. BTIG also maintained a buy rating, highlighting Darden’s strong sales momentum and controlled inflation. Raymond (NSE:RYMD) James increased its price target to $240, noting the strong comparable sales growth at Olive Garden and LongHorn Steakhouse and emphasizing Darden’s focus on top-line growth. These developments reflect a mix of positive quarterly performance and strategic long-term planning by Darden Restaurants.
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