Darden Restaurants Inc (DRI) Files Form 4 Insider Selling : Alan N Stillman Sells 2,000 Shares

Darden Restaurants Inc (DRI): Alan N Stillman , director of Darden Restaurants Inc sold 2,000 shares on Apr 12, 2016. The Insider selling transaction was reported by the company on Apr 20, 2016 to the Securities and Exchange Commission. The shares were sold at $65.30 per share for a total value of $130,600.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 14, 2016, Alan N Stillman (director) sold 2,000 shares at $63.50 per share price.On Mar 14, 2016, Jeffrey C Smith (director) sold 370,566 shares at $67.69 per share price.Also, On Dec 23, 2015, David C George (President, Olive Garden) sold 40,008 shares at $63.78 per share price.On Dec 23, 2015, Eugene I Jr Lee (President and CEO) sold 111,695 shares at $63.60 per share price.

Darden Restaurants: On Monday, Apr 18, 2016 heightened volatility was witnessed in Darden Restaurants which led to swings in the share price. The shares opened for trading at $64.5 and hit $64.96 on the upside , eventually ending the session at $64.79, with a gain of 0.92% or 0.59 points. The heightened volatility saw the trading volume jump to 15,11,412 shares. The 52-week high of the share price is $68.62 and the company has a market cap of $8,211 M . The 52-week low of the share price is at $53.38.

Darden Restaurants Money Flow Index Chart

Company has been under the radar of several Street Analysts.Darden Restaurants is Reiterated by Maxim Group to Buy while Lowering the Price Target of the company shares to $ 77 from a previous price target of $79 . The Rating was issued on Apr 6, 2016.Darden Restaurants is Reiterated by Barclays to Overweight while Lowering the Price Target of the company shares to $ 80 from a previous price target of $81 . The Rating was issued on Apr 6, 2016.Darden Restaurants is Reiterated by Maxim Group to Buy and the brokerage firm has raised the Price Target to $ 79 from a previous price target of $70 .The Rating was issued on Mar 11, 2016.Darden Restaurants is Reiterated by RBC Capital Mkts to Sector Perform and the brokerage firm has raised the Price Target to $ 70 from a previous price target of $68 .The Rating was issued on Mar 10, 2016.Darden Restaurants is Reiterated by Maxim Group to Buy while Lowering the Price Target of the company shares to $ 70 from a previous price target of $73 . The Rating was issued on Feb 16, 2016.

Currently the company Insiders own 10.05% of Darden Restaurants shares according to the proxy statements.Institutional Investors own 89.3% of Darden Restaurants shares.During last six month period, the net percent change held by insiders has seen a change of 9.09%.

Darden Restaurants Inc. is a full service restaurant company. The Company owns and operates more than 1500 restaurants. The Company’s restaurant brands include Olive Garden LongHorn Steakhouse Bahama Breeze Seasons 52 The Capital Grille Eddie V’s Prime Seafood Wildfish Seafood Grill and Yard House. Through subsidiaries the Company owns and operates all of its restaurants in the United States and Canada except for three restaurants located in Florida and three restaurants in California which are owned jointly by the Company and third parties and managed by the Company seven franchised restaurants in Puerto Rico and one Atlanta Georgia airport location.

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