Rep. Robert Bresnahan, Jr. Sells Darden Restaurants, Inc. (NYSE:DRI) Shares

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently sold shares of Darden Restaurants, Inc. (NYSE:DRI). In a filing disclosed on February 13th, the Representative disclosed that they had sold between $1,001 and $15,000 in Darden Restaurants stock on January 13th. The trade occurred in the Representative’s “JOINT OWNERSHIP LPL ACCOUNT” account.

Representative Robert Bresnahan, Jr. also recently made the following trade(s):

• Sold $15,001 – $50,000 in shares of Lowe’s Companies (NYSE:LOW) on 2/7/2025.
• Purchased $1,001 – $15,000 in shares of ServiceNow (NYSE:NOW) on 2/3/2025.
• Purchased $1,001 – $15,000 in shares of Take-Two Interactive Software (NASDAQ:TTWO) on 2/3/2025.
• Purchased $1,001 – $15,000 in shares of Intel (NASDAQ:INTC) on 2/3/2025.
• Purchased $1,001 – $15,000 in shares of Alibaba Group (NYSE:BABA) on 1/30/2025.
• Sold $1,001 – $15,000 in shares of Microsoft (NASDAQ:MSFT) on 1/30/2025.
• Sold $1,001 – $15,000 in shares of Robinhood Markets (NASDAQ:HOOD) on 1/29/2025.
• Sold $1,001 – $15,000 in shares of NVIDIA (NASDAQ:NVDA) on 1/29/2025.
• Sold $1,001 – $15,000 in shares of Manhattan Associates (NASDAQ:MANH) on 1/29/2025.
• Sold $1,001 – $15,000 in shares of Credo Technology Group (NASDAQ:CRDO) on 1/29/2025.

Darden Restaurants Stock Down 1.4 %

Shares of NYSE:DRI opened at $190.83 on Friday. Darden Restaurants, Inc. has a 1 year low of $135.87 and a 1 year high of $201.94. The stock has a 50-day simple moving average of $185.15 and a 200-day simple moving average of $169.06. The stock has a market capitalization of $22.36 billion, a P/E ratio of 21.86, a PEG ratio of 2.21 and a beta of 1.31. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.23 and a current ratio of 0.37.

Darden Restaurants (NYSE:DRI) last announced its earnings results on Thursday, December 19th. The restaurant operator reported $2.03 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $2.03. The business had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.87 billion. Darden Restaurants had a return on equity of 50.12% and a net margin of 9.01%. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the previous year, the company earned $1.84 earnings per share. Equities analysts forecast that Darden Restaurants, Inc. will post 9.52 earnings per share for the current year.

Darden Restaurants Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 10th were paid a dividend of $1.40 per share. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date was Friday, January 10th. Darden Restaurants’s dividend payout ratio is currently 64.15%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on DRI. Sanford C. Bernstein upgraded Darden Restaurants from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $180.00 to $215.00 in a research report on Wednesday, January 22nd. Robert W. Baird boosted their price objective on Darden Restaurants from $180.00 to $194.00 and gave the stock a “neutral” rating in a research note on Friday, December 20th. Raymond James raised their target price on shares of Darden Restaurants from $200.00 to $210.00 and gave the stock an “outperform” rating in a report on Tuesday, January 28th. Stifel Nicolaus upped their price target on shares of Darden Restaurants from $190.00 to $205.00 and gave the company a “buy” rating in a research report on Friday, December 20th. Finally, Barclays lifted their price objective on Darden Restaurants from $206.00 to $230.00 and gave the company an “overweight” rating in a research report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and seventeen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Darden Restaurants currently has an average rating of “Moderate Buy” and a consensus price target of $192.52.

Institutional Investors Weigh In On Darden Restaurants

A number of hedge funds have recently modified their holdings of DRI. Kestra Investment Management LLC purchased a new position in shares of Darden Restaurants during the 4th quarter valued at $25,000. Compass Wealth Management LLC purchased a new position in Darden Restaurants in the 4th quarter valued at approximately $28,000. TCTC Holdings LLC purchased a new stake in shares of Darden Restaurants during the fourth quarter worth $28,000. Wolff Wiese Magana LLC raised its stake in shares of Darden Restaurants by 1,690.9% during the 3rd quarter. Wolff Wiese Magana LLC now owns 197 shares of the restaurant operator’s stock valued at $32,000 after purchasing an additional 186 shares during the period. Finally, MCF Advisors LLC grew its holdings in Darden Restaurants by 50.9% during the 4th quarter. MCF Advisors LLC now owns 175 shares of the restaurant operator’s stock valued at $33,000 after buying an additional 59 shares in the last quarter. Institutional investors own 93.64% of the company’s stock.

Insider Activity

In other Darden Restaurants news, SVP Douglas J. Milanes sold 7,892 shares of the business’s stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $195.95, for a total value of $1,546,437.40. Following the completion of the sale, the senior vice president now directly owns 3,914 shares of the company’s stock, valued at $766,948.30. The trade was a 66.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Susan M. Connelly sold 9,264 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $184.68, for a total value of $1,710,875.52. Following the sale, the senior vice president now directly owns 4,567 shares of the company’s stock, valued at approximately $843,433.56. This trade represents a 66.98 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 52,926 shares of company stock worth $9,850,129. 0.58% of the stock is owned by company insiders.

About Representative Bresnahan

Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania’s 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania’s 8th Congressional District. He declared candidacy for the 2026 election.

Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.

Darden Restaurants Company Profile

Darden Restaurants, Inc, together with its subsidiaries, owns and operates full-service restaurants in the United States and Canada. It operates under Olive Garden, LongHorn Steakhouse, Cheddar’s Scratch Kitchen, Yard House, The Capital Grille, Seasons 52, Bahama Breeze, Eddie V’s Prime Seafood, and Capital Burger brand names.