Microvast Holdings announces departure of chief financial officer
Sarah H. King, Senior Vice President and Chief People Officer at Darden Restaurants Inc. (NYSE:DRI), recently executed several stock transactions, according to a filing with the Securities and Exchange Commission. On March 25, King sold a total of 8,681 shares of Darden common stock, generating proceeds of approximately $1.8 million. The shares were sold at prices ranging from $207.089 to $207.755 per share. The transaction comes as Darden trades near its 52-week high of $210.47, with the stock showing impressive momentum, gaining over 26% in the past six months.
In addition to the sales, King exercised stock options to acquire 8,681 shares at a price of $107.05 per share, totaling approximately $929,301. Following these transactions, King directly owns 534.791 shares of Darden stock. These transactions reflect King’s ongoing involvement with Darden’s equity programs and provide insight into her current holdings in the company. According to InvestingPro data, Darden currently trades at a P/E ratio of 23.45, suggesting a premium valuation, while 13 analysts have recently revised their earnings estimates upward for the upcoming period.
In other recent news, Darden Restaurants has seen several analyst firms adjust their price targets and maintain positive ratings based on the company’s performance and future prospects. Guggenheim has increased its price target for Darden Restaurants to $220, citing an upward revision in fiscal year 2026 earnings per share (EPS) estimates to $10.80. KeyBanc also raised its price target to $220, noting that Darden’s third-quarter fiscal year 2025 EPS aligned with expectations and highlighted stronger restaurant-level margins. UBS has set a new price target of $225, maintaining a Buy rating, and pointed out Darden’s resilient sales trends despite weather and calendar challenges.
Stifel has adjusted its target to $215, acknowledging Darden’s solid earnings report with $2.80 per share, despite softer-than-anticipated sales at Olive Garden and LongHorn Steakhouse. BofA Securities has increased its price target to $238, emphasizing Darden’s strong performance excluding weather impacts and the promising results from Olive Garden’s partnership with Uber (NYSE:UBER) Direct. Analysts have noted that Darden’s strategic plans, including opening new locations and capitalizing on delivery services, are expected to support continued momentum into fiscal year 2026. The company’s initiatives and ability to navigate industry challenges have instilled confidence among analysts, leading to these recent developments.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.