After this morning's 13.3% surge to $181.19 per share, Darden Restaurants might just keep moving past its target price of $181.62. With an average analyst rating of buy, and target prices from $136.0 to $206.0, the stock's next move is anyone's guess.
The stock has an average amount of shares sold short at 7.7%, and a short ratio of 5.78. The company's insiders own 0.42% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that a significant number of institutional investors are invested in the stock, with 97.1% of Darden Restaurants's shares being owned by this investor type.
Institutions Invested in Darden Restaurants
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-09-30 | Capital World Investors | 13% | 14,898,993 | $2,699,573,812 |
| 2024-09-30 | Vanguard Group Inc | 12% | 13,749,136 | $2,491,229,272 |
| 2024-09-30 | Capital International Investors | 9% | 10,302,660 | $1,866,756,440 |
| 2024-09-30 | Blackrock Inc. | 7% | 8,664,061 | $1,569,855,908 |
| 2024-09-30 | State Street Corporation | 4% | 4,707,456 | $852,951,937 |
| 2024-09-30 | Charles Schwab Investment Management, Inc. | 3% | 3,580,322 | $648,724,616 |
| 2024-09-30 | Geode Capital Management, LLC | 2% | 2,806,113 | $508,444,374 |
| 2024-09-30 | Raymond James & Associates, Inc. | 2% | 2,352,608 | $426,273,033 |
| 2024-09-30 | JP Morgan Chase & Company | 2% | 2,288,989 | $414,745,799 |
| 2024-09-30 | Newport Trust Company, LLC | 2% | 1,953,125 | $353,890,031 |
Besides an analyst consensus of some upside potential, other market factors point to there being mixed market sentiment on Darden Restaurants.
