New insider activity at Darden Restaurants ( (DRI) ) has taken place on March 28, 2025.
Recent transactions in Darden Restaurants stock saw significant sales by top executives. Melvin John Martin, President of SRG, sold 5,091 shares valued at $1,062,389. Sarah H. King, SVP and Chief People Officer, sold 8,681 shares for $1,799,247. Daniel J. Kiernan, President of Olive Garden, sold 17,048 shares, amounting to $3,520,448.
Recent Updates on DRI stock
Darden Restaurants recently reported strong Q3 earnings, demonstrating a 6% increase in total sales to $3.2 billion, driven by same-restaurant sales growth and strategic initiatives like menu innovations and delivery partnerships. Despite challenges such as adverse weather and underperformance in the fine dining segment, the company showed resilience with positive same-restaurant sales across all segments. Olive Garden’s menu updates and expanded Uber Direct partnership significantly boosted sales and customer engagement. Additionally, the opening of smaller prototype restaurants for Yard House and Cheddar’s exceeded expectations, indicating potential for future expansion. The company’s forward guidance remains optimistic, projecting continued growth with plans to open 60 to 65 new restaurants by fiscal 2026. Analysts raised Darden’s price target, citing its resilience amid market uncertainties and successful strategic execution.
More about Darden Restaurants
YTD Price Performance: 11.97%
Average Trading Volume: 1,231,721
Technical Sentiment Signal: Sell
Current Market Cap: $24.3B