If you are wondering whether Darden Restaurants’ share price still reflects fair value or has moved ahead of itself, you are not alone.
The stock last closed at US$205.16, with returns of 9.7% over 30 days, 9.6% year to date, 13.5% over 1 year, 51.5% over 3 years, and 103.1% over 5 years. This naturally raises questions about how much of the story is already priced in.
Recent news coverage has focused on Darden Restaurants as a long term, established player in the US casual dining space and how investors may be reassessing its prospects in that context. This backdrop provides useful context when you look at the share price moves over different time frames and start asking what a fair value range might look like.
