The EVP & COO of Darden is Exercising Options

Today it was reported that the EVP & COO of Darden (DRIResearch Report), David C. George, exercised options to sell 69,779 DRI shares at $39.53 a share, for a total transaction value of $8.6M.

Following David C. George’s last DRI Sell transaction on October 09, 2018, the stock climbed by 16.0%.

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Based on Darden’s latest earnings report for the quarter ending May 31, the company posted quarterly revenue of $2.23 billion and quarterly net profit of $208 million. In comparison, last year the company earned revenue of $2.13 billion and had a net profit of $175 million. DRI’s market cap is $15.14B and the company has a P/E ratio of 21.61. Currently, Darden has an average volume of 741.3K.

Based on 12 analyst ratings, the analyst consensus is Strong Buy with an average price target of $130.67, reflecting a 6.2% upside.

The insider sentiment on Darden has been negative according to 27 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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Darden Restaurants, Inc. engages in the provision of restaurant services. It operates through the following segments: Olive Garden, LongHorn Steakhouse, Fine Dining, and Other Business. The Olive Garden segment is the largest full-service dining Italian restaurant operator.