A Director at Darden is Exercising Options

Today, a Director at Darden, William S. Simon, exercised options of Darden (NYSE: DRI) for $271K.

In addition to William S. Simon, 6 other DRI executives reported Sell trades in the last month. This is Simon’s first transaction since reporting a Sell transaction on WMT back in March 2014

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Based on Darden’s latest earnings report for the quarter ending May 31, the company posted quarterly revenue of $2.13 billion and quarterly net profit of $175 million. In comparison, last year the company earned revenue of $1.93 billion and had a net profit of $124 million. DRI’s market cap is $13.88B and the company has a P/E ratio of 23.75. Currently, Darden has an average volume of 1.51M.

Based on 12 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $114.67, reflecting a -3.0% downside.

The insider sentiment on Darden has been negative according to 21 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

William S. Simon’s trades have generated a -9.5% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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Darden Restaurants, Inc. engages in the provision of restaurant services. It operates through the following segments: Olive Garden, LongHorn Steakhouse, Fine Dining, and Other Business. The Olive Garden segment is the largest full-service dining Italian restaurant operator in the United States.