Darden Restaurants Insider Buys: Susan Connelly Acquires Shares
Darden's SVP, Susan Connelly, purchased 1,551 shares, signaling insider confidence.
Key Points
- Susan Connelly, SVP at Darden Restaurants, bought 1,551 shares on June 23, 2026.
- Darden shares traded around $209.98 with a market cap of $24.28 billion and a P/E ratio of 22.3.
- Analysts maintain a 'buy' rating with price targets as high as $276, reflecting strong market confidence.
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On June 23, 2026, Susan Connelly, Senior Vice President and Chief Communications & Public Affairs Officer at Darden Restaurants, Inc. (NYSE:DRI), purchased 1,551 shares of the company. This insider transaction was not part of a pre-planned trading program, highlighting her personal confidence in the company's prospects.
Insider Buying and Selling at Darden Restaurants, Inc.
Several insiders at Darden Restaurants made significant stock purchases on June 23, 2026. Alongside Susan Connelly's acquisition, President and CEO Ricardo Cardenas bought 23,249 shares, and John Wilkerson, President of Olive Garden, acquired 2,325 shares. Additionally, Rajesh Vennam, SVP and CFO, purchased 5,890 shares, while Laura Williamson, President of LongHorn Steakhouse, and Melvin John Martin, Group President, bought 869 and 4,650 shares, respectively.
Darden Restaurants, Inc. Stock Down 2.1%
Shares of NYSE:DRI traded near $209.98 on Thursday. Darden Restaurants, Inc. has a market capitalization of approximately $24.28 billion and a P/E ratio of 22.3. The stock has a 52-week range between $169.00 and $224.94. It maintains a 50-day moving average of $199.51 and a 200-day moving average of $195.85. With a beta of 0.587, the stock shows moderate volatility compared to the broader market.
$DRI stock price
Daily closing prices, year to date. Not investment advice.
Analysts Set New Price Targets
Analysts have shown favorable sentiment towards Darden Restaurants. On June 24, 2026, Guggenheim maintained a 'buy' rating with a price target of $235. Oppenheimer reiterated its 'buy' rating with the same target on June 18, 2026. Citigroup, on June 15, 2026, maintained its 'buy' rating with a target of $245. B of A Securities set the highest target at $276 on June 5, 2026. The consensus among 26 analysts remains a 'buy', with a mean target price of $226.23.
About Darden Restaurants
Darden Restaurants, Inc., headquartered in Orlando, Florida, operates full-service restaurants across the United States and Canada. The company, founded in 1938, runs well-known brands such as Olive Garden, LongHorn Steakhouse, and Cheddar's Scratch Kitchen. Under the leadership of CEO Ricardo Cardenas, Darden employs nearly 198,000 people. The company is part of the consumer cyclical sector, specifically within the restaurant industry.
Bottom Line
Susan Connelly's recent share purchase underscores insider confidence at Darden Restaurants. While insider trades don't predict future performance, they offer insight into management's view of the company's value. Darden's strong market position and positive analyst ratings suggest continued interest from investors. As always, remember that 13F filings and insider reports reflect past actions and may not indicate future moves.
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