DRI - Darden Restaurants Recent Insider Activity | Benzinga
King Sarah H, SVP at Darden Restaurants (NYSE:DRI), executed a substantial insider sell on December 21, according to an SEC filing.
What Happened: A Form 4 filing with the U.S. Securities and Exchange Commission on Thursday outlined that H executed a sale of 4,286 shares of Darden Restaurants with a total value of $708,254.
As of Friday morning, Darden Restaurants shares are down by 0.0%, currently priced at $162.21.
All You Need to Know About Darden Restaurants
Darden Restaurants is the largest restaurant operator in the U.S. full-service space, with consolidated revenue of $10.5 billion in fiscal 2023 resulting in 3%-4% full-service market share (per NRA data and our calculations). The company maintains a portfolio of 10 restaurant brands: Olive Garden, LongHorn Steakhouse, Cheddar's Scratch Kitchen, Ruth's Chris, Yard House, The Capital Grille, Seasons 52, Eddie V's, Bahama Breeze, and The Capital Burger. Darden generates revenue almost exclusively from company-owned restaurants, though a small network of franchised restaurants and consumer-packaged goods sales through the traditional grocery channel contribute modestly. As of the end of its fiscal 2023, the company operated 1,914 restaurants in the U.S.
Breaking Down Darden Restaurants's Financial Performance
Decline in Revenue: Over the 3 months period, Darden Restaurants ...