Darden Restaurants SVP Sells More Than $2.3 Million in Stock By Investing.com

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Matthew R. Broad, at Darden Restaurants Inc. (NYSE: ) Senior Vice President and General Counsel, recently sold 12,759 shares of the company’s common stock. The shares traded at an average price of $187.37, for a total transaction value of more than $2.3 million. The sale comes as Darden trades near its 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, for a total of $1.4 million. Following these transactions, Broad directly holds 14,328 shares.

The transactions were part of a series of activities reported to the Securities and Exchange Commission on Form 4, which details the insider’s recent stock movements.

In other recent news, Darden Restaurants is attracting attention from several financial firms following strong earnings and earnings results. The company’s second-quarter fiscal 2025 performance beat expectations with revenue of $2.03, slightly above the consensus estimate of $2.02, and revenue growth of nearly 6% over the past twelve months to $11.4 billion. Additionally, Darden’s same-store sales rose 2.4 percent, beating the Street’s 1.4 percent.

KeyBanc Capital Markets was bullish on Darden Restaurants, citing the strength of large brands in delivering high-value experiences in the current demand environment. This resulted in a price target increase of $200.00. BMO Capital raised its target to $175, citing an increase in sales trend estimates for fiscal 2026.

Oppenheimer raised its outperform rating on Darden Restaurants and raised its price target to $200 from $182, reflecting same-store sales trends. Stephenson raised his price target on shares of Darden Restaurants to $175 and raised an equal weight rating on the stock. These are the latest developments in Darden’s financial journey.

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