Melvin Martin, President of SRG at Darden Restaurants Inc (DRI, Financial), executed a sale of 3,000 shares of the company on October 4, 2024. The transaction was filed on the same day through an SEC Filing. Post-transaction, the insider holds 12,601.477 shares of Darden Restaurants Inc.
Darden Restaurants Inc operates full-service restaurants in the United States and Canada. Its brands include Olive Garden, LongHorn Steakhouse, Cheddar's Scratch Kitchen, Yard House, The Capital Grille, Seasons 52, Bahama Breeze, and Eddie V's.
Over the past year, Melvin Martin has sold a total of 25,240 shares of Darden Restaurants Inc and has not made any purchases. The insider transaction history for the company shows a total of 25 insider sells and no insider buys over the same period.
On the day of the sale, shares of Darden Restaurants Inc were priced at $163.3, resulting in a market cap of approximately $18.813 billion. The price-earnings ratio of the stock stands at 18.47, which is lower than the industry median of 23.61 and also below the company’s historical median.
According to the GF Value, which is an intrinsic value estimate used by GuruFocus, Darden Restaurants Inc has a GF Value of $174.33. With the current price of $163.3, the price-to-GF-Value ratio is 0.94, indicating that the stock is Fairly Valued.
The GF Value is calculated based on historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
This sale by the insider could be of interest to current and potential investors, providing insight into how insiders are interacting with their holdings in Darden Restaurants Inc.
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.
