New insider activity at Darden Restaurants ( (DRI) ) has taken place on March 29, 2025.
Laura B Williamson, the President of LongHorn Steakhouse, has recently sold 3,552 shares of Darden Restaurants stock, amounting to a total transaction value of $736,404.
Recent Updates on DRI stock
Darden Restaurants recently held its Q3 earnings call, revealing strong performance with a 6% increase in total sales to $3.2 billion, driven by menu innovations, delivery partnerships, and strategic initiatives. Despite challenges like adverse weather and underperformance in the fine dining segment, the company reported positive same-restaurant sales growth across all segments. Olive Garden’s updated menu and expanded Uber Direct partnership significantly boosted sales and engagement. The opening of smaller prototype restaurants for Yard House and Cheddar’s exceeded expectations, suggesting potential for accelerated expansion. LongHorn Steakhouse saw a 5.1% sales increase, bolstered by new restaurant openings. However, unfavorable weather impacted same-restaurant sales by 100 basis points, and lower-income consumer pullback posed concerns. Darden’s forward guidance remains optimistic, projecting continued growth with plans to open 60 to 65 new restaurants in fiscal 2026. Analysts raised the price target due to Darden’s resilience amid market uncertainties and strong strategic execution.
More about Darden Restaurants
YTD Price Performance: 12.26%
Average Trading Volume: 1,227,097
Technical Sentiment Signal: Sell
Current Market Cap: $24.37B