Charles Sonsteby - Darden Restaurants Independent Chairman of the Board

DRI Stock  USD 156.61  0.71  0.46%   

Chairman

Mr. Charles M. Sonsteby is an Independent Chairman of the Board of the Company. He is currently Chairman of our Board. He is the former Vice Chairman of The Michaels Companies, Inc., the largest arts and crafts specialty retailer in North America and parent company of Michaels Stores, Inc., a role he held from June 2016 until his retirement in October 2017. He had served as CFO and Chief Administrative Officer of that company and its predecessor from October 2010 to August 2016. Prior to that, Mr. Sonsteby served as the CFO and Executive Vice President of Brinker International, Inc., a casual dining restaurant company, from May 2001 to October 2010. He joined Brinker in 1990 as Director of the Tax, Treasury and Risk Management departments and thereafter served in various capacities, including as Senior Vice President of Finance from 1997 to 2001 and as Vice President and Treasurer from 1994 to 1997. Mr. Sonsteby was elected to the board of directors of Valvoline, Inc., a producer and distributor of industrial and automotive lubricants and automotive chemicals, in September 2016. Mr. Sonsteby previously served on the board of directors of Zale Corporationrationration, a specialty retailer of diamond and other jewelry products in North America, from November 2006 to February 2011. since 2021.
Age 67
Tenure 3 years
Address 1000 Darden Center Drive, Orlando, FL, United States, 32837
Phone407 245 4000
Webhttps://www.darden.com

Charles Sonsteby Latest Insider Activity

Tracking and analyzing the buying and selling activities of Charles Sonsteby against Darden Restaurants stock is an integral part of due diligence when investing in Darden Restaurants. Charles Sonsteby insider activity provides valuable insight into whether Darden Restaurants is net buyers or sellers over its current business cycle. Note, Darden Restaurants insiders must abide by specific rules, including filing SEC forms every time they buy or sell Darden Restaurants'shares to prevent insider trading or benefiting illegally from material non-public information that their positions give them access to.
 
Charles Sonsteby over three months ago
Purchase by Charles Sonsteby of 4500 shares of Valvoline
 
Charles Sonsteby over six months ago
Purchase by Charles Sonsteby of 7000 shares of Valvoline
 
Charles Sonsteby over six months ago
Darden Restaurants exotic insider transaction detected

Darden Restaurants Management Efficiency

The company has Return on Asset of 0.0762 % which means that on every $100 spent on assets, it made $0.0762 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.4905 %, implying that it generated $0.4905 on every 100 dollars invested. Darden Restaurants' management efficiency ratios could be used to measure how well Darden Restaurants manages its routine affairs as well as how well it operates its assets and liabilities. The Darden Restaurants' current Return On Capital Employed is estimated to increase to 0.18, while Return On Tangible Assets are forecasted to increase to (0.01). As of now, Darden Restaurants' Debt To Assets are increasing as compared to previous years.
The company has 4.55 B in debt with debt to equity (D/E) ratio of 2.89, meaning that the company heavily relies on borrowing funds for operations. Darden Restaurants has a current ratio of 0.51, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Debt can assist Darden Restaurants until it has trouble settling it off, either with new capital or with free cash flow. So, Darden Restaurants' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Darden Restaurants sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Darden to invest in growth at high rates of return. When we think about Darden Restaurants' use of debt, we should always consider it together with cash and equity.

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Darden Restaurants, Inc., through its subsidiaries, owns and operates full-service restaurants in the United States and Canada. As of May 29, 2022, it owned and operated 1,867 restaurants, which included 884 under the Olive Garden brand, 546 under the LongHorn Steakhouse brand name, 172 under the Cheddars Scratch Kitchen brand, 85 under the Yard House brand name, 62 under The Capital Grille brand, 45 under the Seasons 52 brand name, 42 under the Bahama Breeze brand, 28 under the Eddie Vs Prime Seafood brand name, and 3 under the Capital Burger brand and franchised 60 restaurants comprising 35 under the Olive Garden brand, 18 under the LongHorn Steakhouse brand name, 4 under the Cheddars Scratch Kitchen brand, 2 under The Capital Grille brand name, and 1 under the Bahama Breeze brand.Darden Restaurants, Inc. was founded in 1968 and is based in Orlando, Florida Darden Restaurants (DRI) is traded on New York Stock Exchange in USA. It is located in 1000 Darden Center Drive, Orlando, FL, United States, 32837 and employs 187,384 people. Darden Restaurants is listed under Hotels, Restaurants & Leisure category by Fama And French industry classification.

Management Performance

Darden Restaurants Leadership Team

Elected by the shareholders, the Darden Restaurants' board of directors comprises two types of representatives: Darden Restaurants inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Darden. The board's role is to monitor Darden Restaurants' management team and ensure that shareholders' interests are well served. Darden Restaurants' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Darden Restaurants' outside directors are responsible for providing unbiased perspectives on the board's policies.
Laurie Burns, Senior Vice President Chief Development Officer
Richard Renninger, Senior Vice President Chief Development Officer
John Martin, President Group
Doug Milanes, Senior Vice President Chief Supply Chain Officer
Todd Burrowes, President - LongHorn Steakhouse
David Lothrop, Senior Vice President Corporate Controller
Jean Birch, Independent Director
Kyle Holmes, Managing Partner
Jon Norem, Managing Partner
Sarah King, Chief People and Diversity Officer, Senior Vice President
Susan Connelly, Senior Vice President Chief Communications and Public Affairs Officer
Matthew Broad, Senior Vice President, Chief Compliance Officer, General Counsel, Corporate Secretary
Nana Mensah, Independent Director
Kevin Kalicak, Vice Analysis
Alan Stillman, Independent Director
John Rucker, Managing Partner
Harald Herrmann, President of Specialty Restaurant Group
Christopher Chang, Senior Officer
Betsy Atkins, Independent Director
Ricardo Cardenas, Chief Financial Officer, Senior Vice President
David George, Chief Operating Officer, Executive Vice President
Douglas Milanes, Senior Vice President Chief Supply Chain Officer
Lionel Nowell, Independent Director
Dan Kiernan, President - Olive Garden
Eugene Lee, Chairman of the Board, Chief Executive Officer
Timothy Wilmott, Independent Director
Rajesh Vennam, Chief Financial Officer, Senior Vice President, Treasurer
Margaret Atkins, Independent Director
John Madonna, Senior Vice President Principal Accounting Officer, Corporate Controller
Danielle Kirgan, Chief Human Resource Officer
Cynthia Jamison, Independent Director
Jeffrey Davis, CFO, Senior Vice President
Juliana Chugg, Independent Director
Bradley Blum, Independent Director
Douglas, Senior Vice President Chief Supply Chain Officer
Jeffrey Smith, Chairman of the Board
Peter Feld, Independent Director
Charles Sonsteby, Independent Chairman of the Board
Daniel Kiernan, President - Olive Garden
James Fogarty, Independent Director
William Simon, Independent Director
M Martin, President - Specialty Restaurant Group

Darden Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Darden Restaurants a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Pair Trading with Darden Restaurants

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Darden Restaurants position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Darden Restaurants will appreciate offsetting losses from the drop in the long position's value.

Moving against Darden Stock

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The ability to find closely correlated positions to Darden Restaurants could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Darden Restaurants when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Darden Restaurants - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Darden Restaurants to buy it.
The correlation of Darden Restaurants is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Darden Restaurants moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Darden Restaurants moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Darden Restaurants can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Darden Restaurants offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Darden Restaurants' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Darden Restaurants Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Darden Restaurants Stock:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Darden Restaurants. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.
For more detail on how to invest in Darden Stock please use our How to Invest in Darden Restaurants guide.
You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.

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Is Darden Restaurants' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Darden Restaurants. If investors know Darden will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Darden Restaurants listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.11
Dividend Share
5.14
Earnings Share
8.54
Revenue Per Share
93.095
Quarterly Revenue Growth
0.068
The market value of Darden Restaurants is measured differently than its book value, which is the value of Darden that is recorded on the company's balance sheet. Investors also form their own opinion of Darden Restaurants' value that differs from its market value or its book value, called intrinsic value, which is Darden Restaurants' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Darden Restaurants' market value can be influenced by many factors that don't directly affect Darden Restaurants' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Darden Restaurants' value and its price as these two are different measures arrived at by different means. Investors typically determine if Darden Restaurants is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Darden Restaurants' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.