Darden Restaurants (DRI) SVP Douglas Milanes Buys 2,171 Shares

Insider Buying and Selling at Darden Restaurants, Inc.

Douglas Milanes, the Chief Supply Chain Officer at Darden Restaurants, Inc. (NYSE: DRI), bought 2,171 shares on June 23, 2026. The shares were purchased at a market price of $209.98. This marks a notable insider transaction as the company continues to attract attention from investors.

A Wave of Insider Purchases

Milanes was not alone in his buying spree. On the same day, several other insiders also made purchases. Sarah King, the SVP and Chief People Officer, acquired 3,100 shares. Todd Burrowes, the Group President of Chuy's, bought 4,650 shares. Lindsay Koren, the SVP General Counsel, purchased 465 shares, while John Madonna, the SVP Corporate Controller, acquired 1,394 shares. Martin Melvin John, the Group President, bought 4,650 shares, and Laura Williamson, the President of LongHorn Steakhouse, purchased 869 shares. This collective activity suggests strong confidence among Darden's executives regarding the company's future.

Analysts Set New Price Targets

Analysts have maintained a positive outlook on Darden Restaurants. On September 25, 2026, Citigroup reiterated a 'Buy' rating with a target price of $247. Similarly, Guggenheim also kept its 'Buy' rating, setting a target of $235. Mizuho maintained an 'Outperform' rating, raising its target to $245. This positive sentiment is backed by a consensus recommendation of 'Buy' and a mean target price of $232.96 from 26 analyst opinions.

How Darden Restaurants, Inc. Stock Has Traded

Currently, Darden Restaurants' shares are trading at $209.98, close to its 52-week high of $229.76. The stock has shown resilience, with a P/E ratio of 20.24, indicating that investors are willing to pay a premium for its earnings potential. The company has also demonstrated solid revenue growth of 13.7% year-over-year, contributing to its strong market position in the restaurant industry.

What Darden Restaurants, Inc. Does

Darden Restaurants, based in Orlando, Florida, operates a variety of full-service restaurant chains, including Olive Garden and LongHorn Steakhouse. The recent insider purchases, particularly by senior executives, highlight their belief in the company's ongoing success and stability in the competitive restaurant sector.

What's Ahead for Darden Restaurants, Inc.

As we look forward, Darden Restaurants is set to report its next earnings on September 24, 2026. With a series of insider purchases and strong analyst ratings, it will be interesting to see how the market reacts to the upcoming financial results. Remember, the recent insider trades reflect past transactions and may not represent current positions or sentiments.