Top-Rated Dividend StocksTop-Rated DividendMost-Upgraded StocksMost-UpgradedNYSE:DRI Darden Restaurants (DRI) Stock Forecast, Price & News $164.04 +2.31 (+1.43%) (As of 06/2/2023 ET) Add Compare Share Share Today's Range$161.58▼$164.4350-Day Range$146.46▼$164.0552-Week Range$110.96▼$164.43Volume1.12 million shsAverage Volume1.35 million shsMarket Capitalization$19.84 billionP/E Ratio21.42Dividend Yield2.95%Price Target$160.23 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Darden Restaurants MarketRank™ ForecastAnalyst RatingModerate Buy2.79 Rating ScoreUpside/Downside2.1% Downside$160.62 Price TargetShort InterestBearish6.33% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainability-3.04Upright™ Environmental ScoreNews Sentiment0.32Based on 19 Articles This WeekInsider TradingSelling Shares$14.89 M Sold Last QuarterProj. Earnings Growth9.57%From $7.94 to $8.70 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.32 out of 5 starsRetail/Wholesale Sector81st out of 208 stocksEating Places Industry14th out of 44 stocks 2.4 Analyst's Opinion Consensus RatingDarden Restaurants has received a consensus rating of Buy. The company's average rating score is 2.79, and is based on 19 buy ratings, 5 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $160.62, Darden Restaurants has a forecasted downside of 2.1% from its current price of $164.04.Amount of Analyst CoverageDarden Restaurants has been the subject of 12 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 1.0 Short Interest Percentage of Shares Shorted6.33% of the float of Darden Restaurants has been sold short.Short Interest Ratio / Days to CoverDarden Restaurants has a short interest ratio ("days to cover") of 5.6.Change versus previous monthShort interest in Darden Restaurants has recently increased by 25.91%, indicating that investor sentiment is decreasing significantly. Previous Next 2.5 Dividend Strength Dividend YieldDarden Restaurants pays a meaningful dividend of 2.99%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthDarden Restaurants has only been increasing its dividend for 2 years.Dividend CoverageThe dividend payout ratio of Darden Restaurants is 63.19%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Darden Restaurants will have a dividend payout ratio of 55.63% next year. This indicates that Darden Restaurants will be able to sustain or increase its dividend. Previous Next 3.1 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreDarden Restaurants has received a 31.43% net impact score from Upright. Darden Restaurants seems to create the most significant positive value in categories "Jobs", "Nutrition", and "Relationships". The positive contribution in the "Nutrition" impact category is mostly driven by its "Soup foods", "Western fine dining restaurant food", "Salad dishes", "Fried fish", and "Seafood" products. See details.Environmental SustainabilityThe Environmental Impact score for Darden Restaurants is -3.04. Previous Next 1.8 News and Social Media Coverage News SentimentDarden Restaurants has a news sentiment score of 0.32. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.46 average news sentiment score of Retail/Wholesale companies.News Coverage This WeekMarketBeat has tracked 19 news articles for Darden Restaurants this week, compared to 10 articles on an average week.Search InterestOnly 16 people have searched for DRI on MarketBeat in the last 30 days. This is a decrease of -27% compared to the previous 30 days.MarketBeat FollowsOnly 16 people have added Darden Restaurants to their MarketBeat watchlist in the last 30 days. This is a decrease of -11% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Darden Restaurants insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $14,887,160.00 in company stock.Percentage Held by InsidersOnly 0.93% of the stock of Darden Restaurants is held by insiders.Percentage Held by Institutions89.23% of the stock of Darden Restaurants is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Darden Restaurants are expected to grow by 9.57% in the coming year, from $7.94 to $8.70 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Darden Restaurants is 21.42, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 129.59.Price to Earnings Ratio vs. SectorThe P/E ratio of Darden Restaurants is 21.42, which means that it is trading at a less expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 35.05.Price to Earnings Growth RatioDarden Restaurants has a PEG Ratio of 1.84. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioDarden Restaurants has a P/B Ratio of 9.25. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Darden Restaurants (NYSE:DRI) StockDarden Restaurants, Inc. is a full-service restaurant company, which engages in the provision of restaurant services. It operates through the following segments: Olive Garden, LongHorn Steakhouse, Fine Dining, and Other Business. The Olive Garden segment is the largest full-service dining Italian restaurant operator. The LongHorn Steakhouse segment includes the results of the company-owned LongHorn Steakhouse restaurants. The Fine Dining segment consists of the premium brands that operate within the fine-dining sub-segment of full-service dining and includes the results of its company-owned The Capital Grille and Eddie V's restaurants. The Other Business segment aggregates the remaining brands and includes the results of its company-owned Cheddar's Scratch Kitchen, Yard House, Seasons 52 and Bahama Breeze restaurants, and from franchises and consumer-packaged goods sales. The company was founded by William B. Darden in 1938 and is headquartered in Orlando, FL.Read More Receive DRI Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Darden Restaurants and its competitors with MarketBeat's FREE daily newsletter. Email Address DRI Stock News HeadlinesMay 30, 2023 | insidertrades.comThe Institutions Put A Bottom In Cracker Barrel (DRI)May 19, 2023 | marketbeat.comWill Papa John's Turnaround Serve Up More Revenue Growth? (DRI)Papa John's International is hoping to deliver more dough to investors with a corporate turnaround. The company announced a major expansion into India.June 3, 2023 | Behind the Markets (Ad)How A.I. Could Make Most 21st Century Diseases EXTINCTOn December 22, 2022, AI discovered a new treatment for multiple myeloma... in just 4 months... On March 19, 2023, AI discovered a new drug for liver cancer... in only 30 days... There's one small-cap at the center of it all. Bill Gates owns 7 million shares... Billionaire hedge-fund manager Steve Cohen owns 1.4 million shares...May 13, 2023 | marketbeat.comMarketBeat Week in Review – 5/8 - 5/12 (DRI)Inflation, bank woes, interest rates, and the debt ceiling led to more of the new normal for equity markets. Here are some of this week's most popular articlesMay 10, 2023 | marketbeat.comDarden Expects Ruth's Chris Acquisition To Boost EPS (DRI)Darden Restaurants is acquiring Ruth's Hospitality for $715 million. The deal is expected to close in June and be accretive to Darden's EPS in fiscal year 2024.May 3, 2023 | marketbeat.comDarden buying owner of Ruth's Chris for about $715 millionThe Ruth’s Chris Steak House chain is being acquired by Darden Restaurants for about $715 millionJune 3, 2023 | americanbankingnews.comWedbush Increases Darden Restaurants (NYSE:DRI) Price Target to $175.00June 3, 2023 | nasdaq.comDarden Restaurants, Inc. Shares Climb 0.2% Past Previous 52-Week High - Market MoverJune 3, 2023 | Behind the Markets (Ad)The single greatest medical breakthrough of all time?We are on the cusp of a medical breakthrough. And soon, this single breakthrough could lead to the cure of over 6,000 genetic diseases, including Alzheimer's, heart disease, and even cancer! This reminds me of Amgen, where early investors made as much as 46,751% when they released their revolutionary drug to the market.June 2, 2023 | msn.comDarden Restaurants Set For Fiscal Fourth-Quarter Earnings Beat on Higher Pricing, Oppenheimer SaysJune 2, 2023 | msn.comOppenheimer Maintains Darden Restaurants (DRI) Outperform RecommendationJune 2, 2023 | americanbankingnews.comFY2023 Earnings Forecast for Darden Restaurants, Inc. Issued By Wedbush (NYSE:DRI)June 1, 2023 | msn.comWedbush Maintains Darden Restaurants (DRI) Outperform RecommendationJune 1, 2023 | markets.businessinsider.comAnalysts Offer Insights on NA Companies: Darden (DRI) and Capri Holdings (CPRI)May 31, 2023 | marketwatch.comDarden Restaurants Inc. stock falls Wednesday, underperforms marketMay 30, 2023 | msn.comEbro Darden On Pusha T’s “The Story Of Adidon”: It Put A Ceiling On Drake’s LegacyMay 30, 2023 | yahoo.comEbro Darden Claims Pusha T’s “Story of Adidon” Hurt Drake’s LegacyMay 30, 2023 | finance.yahoo.comHere's Why You Should Hold Darden Restaurants (DRI) Stock NowMay 28, 2023 | americanbankingnews.comDarden Restaurants (NYSE:DRI) Stock Rating Lowered by StockNews.comMay 25, 2023 | yahoo.comChase DardenMay 24, 2023 | news.yahoo.comMade in Central Florida: Darden RestaurantsMay 23, 2023 | finance.yahoo.comDarden Restaurants (DRI) is a Top-Ranked Growth Stock: Should You Buy?May 22, 2023 | finance.yahoo.comDARDEN RESTAURANTS TO HOST FISCAL 2023 FOURTH QUARTER CONFERENCE CALL ON JUNE 22May 22, 2023 | finance.yahoo.comDarden Restaurants, Inc.: Maintaining BUY and raising targetMay 21, 2023 | americanbankingnews.comDarden Restaurants (NYSE:DRI) Research Coverage Started at StockNews.comMay 19, 2023 | americanbankingnews.comDarden Restaurants (NYSE:DRI) Hits New 12-Month High at $156.21May 17, 2023 | nasdaq.comDarden Restaurants, Inc. Shares Climb 2.5% Past Previous 52-Week High - Market MoverSee More Headlines DRI Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart DRI Company Calendar Last Earnings3/23/2023Ex-Dividend for 5/1 Dividend4/06/2023Dividend Payable5/01/2023Today6/03/2023Next Earnings (Confirmed)6/22/2023Fiscal Year End5/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Eating places Sub-IndustryRestaurants SectorRetail/Wholesale Current SymbolNYSE:DRI CUSIP23719410 CIK940944 Webwww.darden.com Phone(407) 245-4000Fax407-245-4989Employees178,956Year Founded1968Price Target and Rating Average Stock Price Forecast$160.62 High Stock Price Forecast$175.00 Low Stock Price Forecast$129.00 Forecasted Upside/Downside-2.3%Consensus RatingModerate Buy Rating Score (0-4)2.79 Research Coverage24 Analysts Profitability EPS (Most Recent Fiscal Year)$7.66 Trailing P/E Ratio21.42 Forward P/E Ratio20.66 P/E Growth1.84Net Income$952.80 million Net Margins9.19% Pretax Margin10.53% Return on Equity45.62% Return on Assets9.44% Debt Debt-to-Equity Ratio0.43 Current Ratio0.46 Quick Ratio0.30 Sales & Book Value Annual Sales$9.63 billion Price / Sales2.06 Cash Flow$10.83 per share Price / Cash Flow15.15 Book Value$17.74 per share Price / Book9.25Miscellaneous Outstanding Shares120,930,000Free Float119,804,000Market Cap$19.84 billion OptionableOptionable Beta1.24 Social Links Key ExecutivesRicardo CardenasPresident, CEO, COO & DirectorRajesh VennamChief Financial Officer, Treasurer & Senior VPChris ChangChief Information Officer & Senior Vice PresidentMatthew R. BroadSecretary, Chief Compliance Officer & Senior VPWilliam R. WhiteSenior Vice PresidentKey CompetitorsTexas RoadhouseNASDAQ:TXRHYum! BrandsNYSE:YUMChipotle Mexican GrillNYSE:CMGRestaurant Brands InternationalNYSE:QSRYum ChinaNYSE:YUMCView All CompetitorsInsiders & InstitutionsOntario Teachers Pension Plan BoardBought 914 shares on 6/1/2023Ownership: 0.008%ProShare Advisors LLCBought 397 shares on 5/26/2023Ownership: 0.020%Toroso Investments LLCBought 189 shares on 5/23/2023Ownership: 0.003%Ameriprise Financial Inc.Sold 35,866 shares on 5/22/2023Ownership: 0.730%JPMorgan Chase & Co.Bought 8,692 shares on 5/18/2023Ownership: 0.947%View All Insider TransactionsView All Institutional Transactions DRI Stock - Frequently Asked Questions Should I buy or sell Darden Restaurants stock right now? 24 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Darden Restaurants in the last twelve months. There are currently 5 hold ratings and 19 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" DRI shares. View DRI analyst ratings or view top-rated stocks. What is Darden Restaurants' stock price forecast for 2023? 24 brokerages have issued 12 month price targets for Darden Restaurants' stock. Their DRI share price forecasts range from $129.00 to $175.00. On average, they anticipate the company's stock price to reach $160.62 in the next year. This suggests that the stock has a possible downside of 2.1%. View analysts price targets for DRI or view top-rated stocks among Wall Street analysts. How have DRI shares performed in 2023? Darden Restaurants' stock was trading at $138.33 at the start of the year. Since then, DRI stock has increased by 18.6% and is now trading at $164.04. View the best growth stocks for 2023 here. Are investors shorting Darden Restaurants? Darden Restaurants saw a increase in short interest during the month of April. As of April 30th, there was short interest totaling 6,060,000 shares, an increase of 7.3% from the April 15th total of 5,650,000 shares. Based on an average daily volume of 1,300,000 shares, the days-to-cover ratio is presently 4.7 days. Approximately 5.0% of the shares of the company are sold short. View Darden Restaurants' Short Interest. When is Darden Restaurants' next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, June 22nd 2023. View our DRI earnings forecast. How can I listen to Darden Restaurants' earnings call? Darden Restaurants will be holding an earnings conference call on Thursday, June 22nd at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link. How were Darden Restaurants' earnings last quarter? Darden Restaurants, Inc. (NYSE:DRI) announced its quarterly earnings results on Thursday, March, 23rd. The restaurant operator reported $2.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.24 by $0.10. The restaurant operator earned $2.79 billion during the quarter, compared to analysts' expectations of $2.73 billion. Darden Restaurants had a net margin of 9.19% and a trailing twelve-month return on equity of 45.62%. The company's revenue for the quarter was up 13.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.93 earnings per share. Read the conference call transcript. How often does Darden Restaurants pay dividends? What is the dividend yield for Darden Restaurants? Darden Restaurants declared a quarterly dividend on Thursday, March 23rd. Shareholders of record on Monday, April 10th will be given a dividend of $1.21 per share on Monday, May 1st. This represents a $4.84 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date is Thursday, April 6th. Read our dividend analysis for DRI. What ETFs hold Darden Restaurants' stock? ETFs with the largest weight of Darden Restaurants (NYSE:DRI) stock in their portfolio include Timothy Plan Market Neutral ETF (TPMN), WisdomTree U.S. Value Fund (WTV), AdvisorShares Restaurant ETF (EATZ), Invesco DWA Consumer Cyclicals Momentum ETF (PEZ), Invesco Dynamic Leisure and Entertainment ETF (PEJ), Invesco S&P 500 Equal Weight Consumer Discretionary ETF (RCD), Invesco S&P 500 High Dividend Low Volatility ETF (SPHD) and SPDR Portfolio S&P 500 High Dividend ETF (SPYD). Is Darden Restaurants a good dividend stock? Darden Restaurants (NYSE:DRI) pays an annual dividend of $4.84 per share and currently has a dividend yield of 2.99%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 63.19%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, DRI will have a dividend payout ratio of 55.63% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for DRI. How will Darden Restaurants' stock buyback program work? Darden Restaurants announced that its board has initiated a stock buyback program on Thursday, June 23rd 2022, which allows the company to buyback $1,000,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to repurchase up to 6.6% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's board of directors believes its shares are undervalued. What guidance has Darden Restaurants issued on next quarter's earnings? Darden Restaurants issued an update on its FY23 earnings guidance on Thursday, March, 23rd. The company provided earnings per share guidance of $7.85-8.00 for the period, compared to the consensus EPS estimate of $7.88. The company issued revenue guidance of $10.45-10.50 billion, compared to the consensus revenue estimate of $10.42 billion. What is Gene Lee's approval rating as Darden Restaurants' CEO? 333 employees have rated Darden Restaurants Chief Executive Officer Gene Lee on Glassdoor.com. Gene Lee has an approval rating of 88% among the company's employees. What other stocks do shareholders of Darden Restaurants own? Based on aggregate information from My MarketBeat watchlists, some companies that other Darden Restaurants investors own include NVIDIA (NVDA), Boeing (BA), Walt Disney (DIS), Home Depot (HD), Intel (INTC), Johnson & Johnson (JNJ), Micron Technology (MU), PayPal (PYPL), Alibaba Group (BABA) and JPMorgan Chase & Co. (JPM). What is Darden Restaurants' stock symbol? Darden Restaurants trades on the New York Stock Exchange (NYSE) under the ticker symbol "DRI." Who are Darden Restaurants' major shareholders? Darden Restaurants' stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (7.36%), State Street Corp (4.60%), Geode Capital Management LLC (2.12%), Charles Schwab Investment Management Inc. (2.01%), Victory Capital Management Inc. (1.83%) and Newport Trust Co (1.73%). Insiders that own company stock include Daniel J Kiernan, Douglas J Milanes, Douglas J Milanes, Eugene I Lee Jr, Eugene I Lee, Jr, John W Madonna, Juliana L Chugg, M Shan Atkins, Matthew R Broad, Melvin John Martin, Nana Mensah, Ricardo Cardenas, Richard L Renninger, Sarah H King, Susan M Connelly, Timothy J Wilmott, Todd Burrowes and William S Simon. View institutional ownership trends. How do I buy shares of Darden Restaurants? Shares of DRI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is Darden Restaurants' stock price today? One share of DRI stock can currently be purchased for approximately $164.04. How much money does Darden Restaurants make? Darden Restaurants (NYSE:DRI) has a market capitalization of $19.84 billion and generates $9.63 billion in revenue each year. The restaurant operator earns $952.80 million in net income (profit) each year or $7.66 on an earnings per share basis. How many employees does Darden Restaurants have? The company employs 178,956 workers across the globe. Does Darden Restaurants have any subsidiaries? The following companies are subsidiares of Darden Restaurants: Bahama Breeze Holdings, Capital Grille Holdings, Cheddar's Restaurant Holding Corp., Cheddar's Scratch Kitchen, Cheddar’s Casual Café, Darden Corporation, Eddie V’s Holdings, Florida SE, GMRI, N and D Restaurants, Olive Garden Holdings, Olive Garden of Texas, Rare Hospitality International, Rare Hospitality Management, Rare Hospitality Management LLC, Seasons 52 Holdings, Yard House, and Yard House USA.Read More How can I contact Darden Restaurants? Darden Restaurants' mailing address is 1000 DARDEN CENTER DRIVE, ORLANDO FL, 32837. The official website for the company is www.darden.com. The restaurant operator can be reached via phone at (407) 245-4000, via email at irinfo@darden.com, or via fax at 407-245-4989. This page (NYSE:DRI) was last updated on 6/3/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Darden Restaurants, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your 30-Day Free Trial Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Your Password: or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Choose a Password: Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.