Restaurant Stock Could Bounce Back Toward Record Highs

Core Insights - Darden Restaurants Inc (NYSE:DRI) stock has recently increased by 0.9% to $187.70 after a pullback to its lowest level since January, following a record high of$203.12 on March 3 [1] - The stock has shown a nine-month lead of 22.2% and is approaching a trendline that historically yields bullish returns [1] - The stock is currently trading within one standard deviation of its 80-day moving average, a position that has historically led to gains [2] Performance Analysis - In the past three years, similar trading conditions have occurred six times, resulting in DRI being higher a month later 67% of the time, with an average gain of 4.1% [3] - If the stock follows this trend, it could rise above $195, nearing its all-time peak [3] Options Market Sentiment - The equity's 10-day call/put volume ratio stands at 16.87, which is higher than all annual readings, indicating a potential unwinding of pessimism in the options market [4]