Yahoo Finance Director William Simon Sells Shares of Darden Restaurants Inc (DRI)
William Simon, a director of Darden Restaurants Inc (NYSE:DRI), has sold 1,219 shares of the company on April 8, 2024, according to a recent SEC Filing. This transaction has been part of a series of insider sales over the past year, with the insider having sold a total of 1,219 shares and having made no purchases of the stock during this period.
Darden Restaurants Inc is a full-service restaurant company, owning and operating a variety of restaurant brands including Olive Garden, LongHorn Steakhouse, Cheddar's Scratch Kitchen, Yard House, The Capital Grille, Seasons 52, Bahama Breeze, and Eddie V's. The company is known for its commitment to providing quality dining experiences and has a significant presence in the restaurant industry.
The insider transaction history for Darden Restaurants Inc shows a trend of insider sales, with 20 insider sells and no insider buys over the past year.
On the day of the insider's recent sale, shares of Darden Restaurants Inc were trading at $158.21, giving the company a market capitalization of $18.80 billion. The price-earnings ratio of the stock stands at 18.47, which is below both the industry median of 23.22 and the company's historical median price-earnings ratio.
The stock's price-to-GF-Value ratio is 0.91, with a GF Value of $174.77, indicating that Darden Restaurants Inc is considered Modestly Undervalued according to GuruFocus's intrinsic value estimate.
The GF Value is determined by considering historical trading multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on the company's past returns and growth, and future business performance estimates from Morningstar analysts.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
