New insider activity at Darden Restaurants ( (DRI) ) has taken place on April 2, 2025.
Director Charles Sonsteby recently sold 8,005 shares of Darden Restaurants stock, amounting to a total value of $1,637,422.
Recent Updates on DRI stock
Darden Restaurants recently reported strong Q3 performance, with a 6% increase in total sales reaching $3.2 billion, driven by menu innovations and strategic delivery partnerships. Despite challenges such as adverse weather and underperformance in the fine dining segment, the company saw positive same restaurant sales across all segments. Olive Garden’s menu updates and the expansion of the Uber Direct partnership significantly boosted sales and customer engagement. The opening of new smaller prototype restaurants for Yard House and Cheddar’s also exceeded expectations. However, the fine dining segment experienced a slight decline in same restaurant sales, indicating a need for strategic adjustments. Analysts have raised Darden’s price target, citing its resilience amid market uncertainties and successful strategic initiatives as key factors for the optimistic outlook.
More about Darden Restaurants
YTD Price Performance: 12.14%
Average Trading Volume: 1,236,958
Technical Sentiment Signal: Sell
Current Market Cap: $24.34B