Fri Sep 20 14:12:56 UTC 2024: ## Darden Restaurants Falls Short of Earnings Expectations, Stock Price Dips

**Orlando, FL** – Darden Restaurants (NYSE:DRI), the parent company of popular chains like Olive Garden and LongHorn Steakhouse, reported mixed earnings results for the recent quarter, falling short of analyst expectations.

The company announced earnings per share (EPS) of $1.75, missing the consensus estimate of $1.83 by $0.08. Revenue also came in slightly below projections, reaching $2.76 billion compared to the anticipated $2.80 billion.

Despite the missed earnings, Darden Restaurants saw a 1.0% increase in revenue compared to the same period last year. The company also updated its FY 2025 guidance to an EPS range of 9.400-9.600.

Following the earnings announcement, Darden Restaurants stock opened at $172.27 on Friday, a slight dip from its recent performance.

**Insider Trading Activity:**

Recent insider trading activity reveals that Melvin John Martin, an insider at Darden Restaurants, sold 2,500 shares of the company’s stock on July 25th at an average price of $141.09. Sarah H. King, SVP, also sold 15,941 shares on July 30th at an average price of $147.06.

**Market Performance:**

Darden Restaurants has a market capitalization of $20.56 billion. The stock’s 50-day moving average is $149.69, and its 200-day moving average is $153.39. The company’s P/E ratio is 20.22, its PEG ratio is 1.76, and its beta is 1.30.

**Overall, Darden Restaurants’ recent earnings report reflects a mixed performance, with the company facing challenges in meeting analysts’ expectations. The company’s stock price has taken a slight dip, although it remains to be seen if this is a temporary trend or a more significant decline. **

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