Darden Restaurants, Inc. stock trades under the ticker DRI & has shown recent bullish behavior that traders & investors should research deeper into.
DRI stock closed at $147.58/share on 3/14/2023.
Darden Restaurants, Inc. DRI Stock’s Technical Performance Broken Down
DRI Stock Price: $147.58
10 Day Moving Average: $146.09
50 Day Moving Average: $146.60
200 Day Moving Average: $132.77
RSI: 54.2
MACD: -0.134
Yesterday, DRI stock completed a bullish MACD crossover, gaining 1.07% on the day’s session.
Their RSI is neutral & recent trading volumes have been above average, as they’ve stayed in a consolidation range for the better part of 2023.
Recent candlesticks signal that there will be near-term weakness, which will provide patient investors & traders with a better entry point.
DRI stock has support at the $146.93, $146.60 (50 day moving average) & $146.09 (10 day moving average)/share price levels, while they try to break out above their $148.57 & $152.08/share resistance levels.
Darden Restaurants, Inc. DRI Stock As A Long-Term Investment
Long-term oriented investors will like DRI stock’s 20.21 P/E (ttm), but will find their 8.82 P/B (mrq) to be a bit higher than they’d like to see.
They recently reported 9.4% Quarterly Revenue Growth Y-o-Y, with -3.1% Quarterly Earnings Growth Y-o-Y.
Their balance sheet will require a more thorough examination, with $240.7M of Total Cash (mrq) & $6.01B of Total Debt (mrq).
DRI stock pays a 3.16% dividend, which may not be sustainable in the long-run, as their payout ratio is 63.72%.
91.65% of DRI stock’s outstanding share float is owned by institutional investors.
Darden Restaurants, Inc. DRI Stock As A Short-Term Trade Using Options
Traders with shorter time horizons can trade options to profit from price movements in DRI stock, while protecting their portfolios from volatility.
I am looking at the contracts with the 4/21 expiration date.
The $145, $140 & $125 call options are all in-the-money, listed from most to least liquid strike price.
The $150, $155 & $160 puts are also all in-the-money, with the former having more open interest than the latter two strikes.
Tying It All Together
DRI stock has many interesting attributes that traders & investors are sure to find appealing.
Investors will like their P/E (ttm) & dividend yield, but may want to review their balance sheet for insights into how sustainable their yield will be in the medium to long-term.
Traders will like their recent technical performance, as well as how liquid their options are.
Overall, it is worth taking a closer look into how DRI stock fits into your portfolio strategy.
*** I DO NOT OWN SHARES OR OPTIONS CONTRACT POSITIONS IN DRI STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***