Matthew R. Broad, Senior Vice President and General Counsel at Darden Restaurants Inc. (NYSE:), recently sold 12,759 shares of the company’s stock. The shares were sold at an average price of approximately $187.37, resulting in a total transaction value of more than $2.3 million. The sale comes as Darden trades near a 52-week high of $189.18, with the stock returning an impressive 32% over the past six months.
In addition to the sale, Broad exercised options to acquire a total of 12,759 shares at prices ranging from $107.05 to $124.24, with a total value of approximately $1.4 million. After these transactions, Broad directly holds 14,328 shares.
The transactions were part of a series of moves reported in a Form 4 filing with the Securities and Exchange Commission, which details recent insider activity on the stock.
In other recent news, Darden Restaurants is attracting attention from multiple financial firms following strong earnings and revenue results. The company’s second-quarter fiscal 2025 performance beat expectations with earnings per share of $2.03, just above the consensus estimate of $2.02, and revenue growth of nearly 6% over the trailing twelve months to $11.4 billion. Additionally, Darden’s same-store sales rose 2.4%, beating Street expectations of 1.4%.
KeyBanc Capital Markets maintained a positive outlook on Darden Restaurants, citing the strength of major brands in delivering high-value experiences in the current demand environment. This led to a $200.00 price target increase. BMO Capital also raised its target to $175, citing an increase in FY2026 sales trend estimates.
Oppenheimer maintained its outperform rating on Darden Restaurants and raised its price target to $200 from $182, citing improving same-store sales trends. Stephens raised his price target on Darden Restaurants to $175 and maintained an equal weight rating on the stock. These are recent developments in Darden’s financial journey.
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