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Darden Restaurants (NYSE:DRI) SVP, Chief Supply Chain Officer Douglas J. Milanes, sold 11,948 shares of common stock on June 24, 2025, for approximately $2.65 million. The sales were executed at a weighted average price of $222.0753, with individual transactions occurring in a range of $221.865 to $222.35. The transaction comes as the $25.47 billion restaurant chain trades near its 52-week high of $228.27, having delivered an impressive 47.84% return over the past year. According to InvestingPro analysis, the stock is currently fairly valued.
On the same day, Milanes also exercised options to acquire 8,142 shares of Darden Restaurants common stock at a price of $78.84 per share, for a total value of $641915. These options vested in two equal annual installments beginning on July 29, 2023.
Following these transactions, Milanes directly owns 146.6960 shares of Darden Restaurants, Inc. common stock, which includes shares acquired through the company’s Employee Stock Purchase Plan and dividend reinvestments.
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 reaching $3.272 billion. This performance was accompanied by a strong same-store sales growth, particularly at Olive Garden and LongHorn Steakhouse. However, the company’s fiscal year 2026 guidance fell short of analyst projections, forecasting total sales growth of 7-8% and adjusted earnings per share between $10.50 and $10.70. Despite the conservative outlook, several analyst firms, including UBS and Truist Securities, maintained their buy ratings, citing confidence in Darden’s sales momentum and strategic initiatives. Stephens raised its price target to $212, reflecting positive quarterly results but noted a slower recovery in the Fine Dining segment. BTIG reiterated a buy rating with a $235 price target, highlighting strong sales momentum and controlled inflation. Raymond (NSE:RYMD) James also raised its price target to $240, emphasizing Darden’s strong comparable sales and effective value strategies at Olive Garden and LongHorn Steakhouse. These developments indicate a mixed but cautiously optimistic perspective from analysts on Darden’s future performance.
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