Darden Restaurants Stock Forecast, Price & News

30 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Darden Restaurants in the last twelve months. There are currently 8 hold ratings and 22 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Darden Restaurants stock.
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Darden Restaurants is scheduled to release its next quarterly earnings announcement on Thursday, June 24th 2021.
View our earnings forecast for Darden Restaurants.

Darden Restaurants will be holding an earnings conference call on Thursday, June 24th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.

Darden Restaurants, Inc. (NYSE:DRI) released its earnings results on Wednesday, March, 24th. The restaurant operator reported $0.98 earnings per share for the quarter, topping analysts' consensus estimates of $0.69 by $0.29. The restaurant operator had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.60 billion. Darden Restaurants had a negative net margin of 3.54% and a positive trailing twelve-month return on equity of 5.94%. The business's revenue was down 26.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.90 EPS.
View Darden Restaurants' earnings history.

Darden Restaurants' stock was trading at $70.21 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, DRI stock has increased by 90.0% and is now trading at $133.43.
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Darden Restaurants declared a quarterly dividend on Thursday, March 25th. Investors of record on Friday, April 9th will be given a dividend of $0.88 per share on Monday, May 3rd. This represents a $3.52 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date is Thursday, April 8th. This is an increase from Darden Restaurants's previous quarterly dividend of $0.37.
View Darden Restaurants' dividend history.

Darden Restaurants pays an annual dividend of $3.52 per share and currently has a dividend yield of 2.71%. Darden Restaurants does not yet have a strong track record of dividend growth. The dividend payout ratio of Darden Restaurants is 112.46%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, Darden Restaurants will have a dividend payout ratio of 49.65% next year. This indicates that Darden Restaurants will be able to sustain or increase its dividend.
View Darden Restaurants' dividend history.

Darden Restaurants announced that its Board of Directors has authorized a share repurchase plan on Thursday, March 25th 2021, which allows the company to repurchase $500,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to repurchase up to 2.7% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's board believes its shares are undervalued.

Darden Restaurants updated its fourth quarter earnings guidance on Thursday, March, 25th. The company provided earnings per share (EPS) guidance of $1.60-1.70 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.27. The company issued revenue guidance of ~$2.1 billion, compared to the consensus revenue estimate of $1.96 billion.

30 equities research analysts have issued 12-month price targets for Darden Restaurants' stock. Their forecasts range from $75.00 to $175.00. On average, they expect Darden Restaurants' stock price to reach $145.90 in the next year. This suggests a possible upside of 9.3% from the stock's current price.
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333 employees have rated Darden Restaurants CEO Gene Lee on Glassdoor.com. Gene Lee has an approval rating of 88% among Darden Restaurants' employees.

Some companies that are related to Darden Restaurants include McDonald's (MCD), Starbucks (SBUX), Chipotle Mexican Grill (CMG), Yum! Brands (YUM), Domino's Pizza (DPZ), Texas Roadhouse (TXRH), The Wendy's (WEN), Papa John's International (PZZA), Cracker Barrel Old Country Store (CBRL), Jack in the Box (JACK), Brinker International (EAT), The Cheesecake Factory (CAKE), Bloomin' Brands (BLMN), Dine Brands Global (DIN) and BJ's Restaurants (BJRI).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Darden Restaurants investors own include NVIDIA (NVDA), The Boeing (BA), The Walt Disney (DIS), The Home Depot (HD), Intel (INTC), Johnson & Johnson (JNJ), Micron Technology (MU), PayPal (PYPL), Alibaba Group (BABA) and JPMorgan Chase & Co. (JPM).

Darden Restaurants trades on the New York Stock Exchange (NYSE) under the ticker symbol "DRI."

Darden Restaurants' stock is owned by a number of institutional and retail investors. Top institutional investors include Capital International Investors (8.18%), BlackRock Inc. (7.32%), Ameriprise Financial Inc. (1.83%), Victory Capital Management Inc. (1.79%), Newport Trust Co (1.77%) and Geode Capital Management LLC (1.68%). Company insiders that own Darden Restaurants stock include Charles M Sonsteby, Daniel J Kiernan, David C George, Douglas J Milanes, Eugene I Lee Jr, John W Madonna, M Shan Atkins, Matthew R Broad, Melvin John Martin, Nana Mensah, Ricardo Cardenas, Susan M Connelly and Todd Burrowes.
View institutional ownership trends for Darden Restaurants.

DRI stock was sold by a variety of institutional investors in the last quarter, including Holocene Advisors LP, Melvin Capital Management LP, Point72 Asset Management L.P., Price T Rowe Associates Inc. MD, Prudential Financial Inc., Janus Henderson Group PLC, Sumitomo Mitsui Trust Holdings Inc., and Ameriprise Financial Inc.. Company insiders that have sold Darden Restaurants company stock in the last year include Daniel J Kiernan, Eugene I Lee Jr, John W Madonna, Matthew R Broad, Melvin John Martin, Nana Mensah, Ricardo Cardenas, and Susan M Connelly.
View insider buying and selling activity for Darden Restaurants or view top insider-selling stocks.

DRI stock was acquired by a variety of institutional investors in the last quarter, including Steadfast Capital Management LP, BlackRock Inc., Allianz Asset Management GmbH, D. E. Shaw & Co. Inc., AQR Capital Management LLC, Morgan Stanley, Artemis Investment Management LLP, and Artisan Partners Limited Partnership. Company insiders that have bought Darden Restaurants stock in the last two years include Charles M Sonsteby, David C George, Eugene I Lee Jr, M Shan Atkins, Matthew R Broad, Ricardo Cardenas, and Todd Burrowes.
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Shares of DRI 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.
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One share of DRI stock can currently be purchased for approximately $133.43.

Darden Restaurants has a market capitalization of $17.39 billion and generates $7.81 billion in revenue each year. The restaurant operator earns $-52,400,000.00 in net income (profit) each year or $3.13 on an earnings per share basis.

Darden Restaurants employs 177,000 workers across the globe.

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.

Darden Restaurants was founded in 1968.

The official website for Darden Restaurants is www.darden.com.

Darden Restaurants is headquartered at 1000 DARDEN CENTER DRIVE, ORLANDO FL, 32837.

Darden Restaurants' mailing address is 1000 DARDEN CENTER DRIVE, ORLANDO FL, 32837. The restaurant operator can be reached via phone at 407-245-4000 or via email at [email protected]