Matthew R. Broad, Senior Vice President and General Counsel at Darden Restaurants Inc. (NYSE:DRI), recently sold 12,759 shares of the company's common stock. The shares were sold at an average price of approximately $187.37, resulting in a total transaction value exceeding $2.3 million. The sale comes as Darden trades near its 52-week high of $189.18, with the stock delivering an impressive 32% return over the past six months.
In addition to the sale, Broad executed options to acquire a total of 12,759 shares at prices ranging from $107.05 to $124.24, with an aggregate value of approximately $1.4 million. Following these transactions, Broad holds 14,328 shares directly.
The transactions were part of a series of moves reported in a Form 4 filing with the Securities and Exchange Commission, detailing the insider's recent stock activity.
In other recent news, Darden Restaurants has been garnering attention from multiple financial firms following robust earnings and revenue results. The company's second-quarter fiscal year 2025 performance exceeded expectations with earnings per share of $2.03, slightly above the consensus estimate of $2.02, and a revenue growth of nearly 6% over the last twelve months to $11.4 billion. Additionally, Darden's same-store sales grew by 2.4%, surpassing the Street's expectation of 1.4%.
KeyBanc Capital Markets maintained a positive outlook on Darden Restaurants, citing the strength of big brands in delivering high-value experiences in the current demand environment. This led to an increased price target of $200.00. BMO Capital also raised the target to $175, citing an increase in sales trend estimates for fiscal year 2026.
Oppenheimer maintained its Outperform rating on Darden Restaurants and increased the price target to $200 from $182, highlighting improving same-store sales trends. Stephens raised the stock price target for Darden Restaurants to $175 while maintaining an Equal Weight rating on the stock. These are recent developments in Darden's financial journey.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.