Top-Rated Dividend Stocks Most-Downgraded Stocks NYSE:DRI Darden Restaurants Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium 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. $119.81 +4.21 (+3.64%) (As of 06/24/2022 12:00 AM ET) Add Compare Share Today's Range$116.12▼$119.8950-Day Range$111.84▼$138.1352-Week Range$110.96▼$164.28Volume2.38 million shsAverage Volume1.24 million shsMarket Capitalization$14.94 billionP/E Ratio16.19Dividend Yield3.67%Price Target$141.47 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart 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 Forecast (MarketRank)Overall MarketRank™3.09 out of 5 starsRetail/Wholesale Sector42nd out of 283 stocksEating Places Industry9th out of 55 stocksAnalyst Opinion: 2.4Community Rank: 4.5Dividend Strength: 3.3Insider Behavior: 3.3Valuation: 1.9 5 -4 -3 -2 -1 - 2.4 Analyst's Opinion Consensus RatingDarden Restaurants has received a consensus rating of Moderate Buy. The company's average rating score is 2.80, and is based on 16 buy ratings, 4 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $141.47, Darden Restaurants has a forecasted upside of 18.1% from its current price of $119.81.Amount of Analyst CoverageDarden Restaurants has only been the subject of 4 research reports in the past 90 days. Previous Next 4.5 Community Rank Outperform VotesDarden Restaurants has received 1,070 “outperform” votes. (Add your “outperform” vote.)Underperform VotesDarden Restaurants has received 493 “underperform” votes. (Add your “underperform” vote.)Community SentimentDarden Restaurants has received 68.46% “outperform” votes from our community.MarketBeat's community ratings are surveys of what our community members think about Darden Restaurants and other stocks. Vote “Outperform” if you believe DRI will outperform the S&P 500 over the long term. Vote “Underperform” if you believe DRI will underperform the S&P 500 over the long term. You may vote once every thirty days. Previous Next 3.3 Dividend Strength Dividend LeadershipDarden Restaurants is a leading dividend payer. It pays a dividend yield of 3.67%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthDarden Restaurants has only been increasing its dividend for 1 years.Dividend CoverageThe dividend payout ratio of Darden Restaurants is 59.46%. 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 51.70% next year. This indicates that Darden Restaurants will be able to sustain or increase its dividend. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Darden Restaurants insiders have bought more of their company's stock than they have sold. Specifically, they have bought $248,344.00 in company stock and sold $0.00 in company stock.Percentage Held by InsidersOnly 0.95% of the stock of Darden Restaurants is held by insiders.Percentage Held by Institutions90.71% 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 1.9 Earnings and Valuation Earnings GrowthEarnings for Darden Restaurants are expected to grow by 11.10% in the coming year, from $7.66 to $8.51 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Darden Restaurants is 16.19, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 16.85.Price to Earnings Ratio vs. SectorThe P/E ratio of Darden Restaurants is 16.19, which means that it is trading at a more expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 14.25.Price to Earnings Growth RatioDarden Restaurants has a PEG Ratio of 1.53. 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 6.80. 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)Darden Restaurants, Inc., through its subsidiaries, owns and operates full-service restaurants in the United States and Canada. As of May 30, 2021, it owned and operated 1,834 restaurants, which included 875 under the Olive Garden, 533 under the LongHorn Steakhouse, 170 under the Cheddar's Scratch Kitchen, 81 under the Yard House, 63 under The Capital Grille, 44 under the Seasons 52, 42 under the Bahama Breeze, and 26 under the Eddie V's Prime Seafood brands. The company was founded in 1968 and is based in Orlando, Florida.Read More DRI Stock News HeadlinesJune 25, 2022 | marketbeat.comA Tasty Entry Point Into Darden Restaurants International Darden Restaurants International (NYSE: DRI) and the entire sit-down restaurant industry have had a hard time with the reopening recovery. Not only did stay-at-home trends and social distancing keep traffic away longer than with other industries but rising costs and labor shortages cut deeply into the top and bottom-line results.June 26, 2022 | americanbankingnews.comDarden Restaurants (NYSE:DRI) Price Target Cut to $136.00June 26, 2022 | americanbankingnews.comBarclays Lowers Darden Restaurants (NYSE:DRI) Price Target to $130.00June 26, 2022 | americanbankingnews.comPiper Sandler Lowers Darden Restaurants (NYSE:DRI) Price Target to $150.00June 26, 2022 | americanbankingnews.comDarden Restaurants (NYSE:DRI) Price Target Cut to $148.00June 26, 2022 | americanbankingnews.comDarden Restaurants (NYSE:DRI) PT Lowered to $143.00June 26, 2022 | americanbankingnews.comDarden Restaurants (NYSE:DRI) Price Target Raised to $140.00June 25, 2022 | americanbankingnews.comDarden Restaurants (NYSE:DRI) Given New $152.00 Price Target at Credit Suisse GroupJune 25, 2022 | americanbankingnews.comQ4 2022 EPS Estimates for Darden Restaurants, Inc. Lowered by Oppenheimer (NYSE:DRI)June 25, 2022 | americanbankingnews.comFY2022 Earnings Estimate for Darden Restaurants, Inc. Issued By Oppenheimer (NYSE:DRI)June 25, 2022 | americanbankingnews.comStifel Nicolaus Trims Darden Restaurants (NYSE:DRI) Target Price to $135.00June 24, 2022 | finance.yahoo.comRead How Analysts Reacted To Darden Restaurants' Q4 ResultsJune 24, 2022 | seekingalpha.comInflation appears to have peaked for Darden Restaurants - BTIGSee More Headlines Industry, Sector and Symbol Stock ExchangeNYSE Industry Eating places Sub-IndustryRestaurants SectorRetail/Wholesale Current SymbolNYSE:DRI CUSIP23719410 CIK940944 Webwww.darden.com Phone(407) 245-4000Fax407-245-4989Employees160,000Year Founded1968Company Calendar Last Earnings12/17/2021Ex-Dividend for 5/2 Dividend4/07/2022Dividend Payable5/02/2022Today6/26/2022Ex-Dividend for 8/1 Dividend7/07/2022Dividend Payable8/01/2022Next Earnings (Estimated)9/22/2022Fiscal Year End5/31/2023Price Target and Rating Average Stock Price Forecast$141.47 High Stock Price Forecast$160.00 Low Stock Price Forecast$122.00 Forecasted Upside/Downside+18.1%Consensus RatingModerate Buy Rating Score (0-4)2.8 Research Coverage20 Analysts Profitability EPS (Most Recent Fiscal Year)$7.40 Trailing P/E Ratio16.19 Forward P/E Ratio15.64 P/E Growth1.53Net Income$629.30 million Net Margins9.89% Pretax Margin11.35% Return on Equity39.05% Return on Assets9.25% Debt Debt-to-Equity Ratio0.41 Current Ratio0.64 Quick Ratio0.57 Sales & Book Value Annual Sales$9.63 billion Price / Sales1.55 Cash Flow$10.60 per share Price / Cash Flow11.30 Book Value$17.62 per share Price / Book6.80Miscellaneous Outstanding Shares124,730,000Free Float123,549,000Market Cap$14.94 billion OptionableOptionable Beta1.32 Social Links Darden Restaurants Frequently Asked Questions Should I buy or sell Darden Restaurants stock right now? 20 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Darden Restaurants in the last year. There are currently 4 hold ratings and 16 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" Darden Restaurants stock. View analyst ratings for Darden Restaurants or view top-rated stocks. What is Darden Restaurants' stock price forecast for 2022? 20 brokerages have issued 1 year price objectives for Darden Restaurants' stock. Their DRI stock forecasts range from $122.00 to $160.00. On average, they predict Darden Restaurants' share price to reach $141.47 in the next year. This suggests a possible upside of 18.1% from the stock's current price. View analysts' price targets for Darden Restaurants or view top-rated stocks among Wall Street analysts. How has Darden Restaurants' stock price performed in 2022? Darden Restaurants' stock was trading at $150.64 on January 1st, 2022. Since then, DRI shares have decreased by 20.5% and is now trading at $119.81. View the best growth stocks for 2022 here. When is Darden Restaurants' next earnings date? Darden Restaurants is scheduled to release its next quarterly earnings announcement on Thursday, September 22nd 2022. View our earnings forecast for Darden Restaurants. How were Darden Restaurants' earnings last quarter? Darden Restaurants, Inc. (NYSE:DRI) posted its quarterly earnings data on Friday, December, 17th. The restaurant operator reported $1.48 earnings per share for the quarter, beating analysts' consensus estimates of $1.43 by $0.05. The restaurant operator had revenue of $2.27 billion for the quarter, compared to analyst estimates of $2.23 billion. Darden Restaurants had a net margin of 9.89% and a trailing twelve-month return on equity of 39.05%. Darden Restaurants's revenue for the quarter was up 37.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.74 EPS. View Darden Restaurants' earnings history. How often does Darden Restaurants pay dividends? What is the dividend yield for Darden Restaurants? Darden Restaurants announced a quarterly dividend on Thursday, June 23rd. Stockholders of record on Friday, July 8th will be given a dividend of $1.21 per share on Monday, August 1st. This represents a $4.84 annualized dividend and a yield of 4.04%. The ex-dividend date of this dividend is Thursday, July 7th. This is a boost from Darden Restaurants's previous quarterly dividend of $1.10. View Darden Restaurants' dividend history. Is Darden Restaurants a good dividend stock? Darden Restaurants(NYSE:DRI) pays an annual dividend of $4.40 per share and currently has a dividend yield of 3.67%. Darden Restaurants does not yet have a strong track record of dividend growth. The dividend payout ratio of Darden Restaurants is 59.46%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Darden Restaurants will have a dividend payout ratio of 51.70% next year. This indicates that Darden Restaurants will be able to sustain or increase its dividend. View Darden Restaurants' dividend history. How will Darden Restaurants' stock buyback program work? Darden Restaurants declared that its Board of Directors has approved a stock repurchase plan on Thursday, September 23rd 2021, which permits the company to repurchase $750,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to reacquire up to 3.6% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's leadership 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 Saturday, June, 25th. The company provided earnings per share (EPS) guidance of $7.40-8.00 for the period, compared to the consensus EPS estimate of $8.13. The company issued revenue guidance of $10.2-10.4 billion, compared to the consensus revenue estimate of $10.24 billion. Who are Darden Restaurants' key executives? Darden Restaurants' management team includes the following people: Mr. Eugene I. Lee Jr., CEO & Exec. Chairman (Age 60, Pay $4.63M) (LinkedIn Profile)Mr. Ricardo Cardenas, Pres & COO (Age 54, Pay $2.11M) (LinkedIn Profile)Mr. Rajesh Vennam, Sr. VP, CFO & Treasurer (Age 47, Pay $874.45k)Mr. John Melvin Martin, Pres of Specialty Restaurant Group (Age 61, Pay $1.58M)Mr. Todd A. Burrowes, Pres of Longhorn Steakhouse (Age 59, Pay $1.59M) (LinkedIn Profile)Mr. Daniel J. Kiernan, Pres of Olive Garden (Age 61, Pay $1.6M) (LinkedIn Profile)Kyle Holmes, Managing PartnerMr. Jon Norem, Managing PartnerMr. John Rucker, Managing PartnerMr. Christopher Chang, Sr. VP & Chief Information Officer What is Gene Lee's approval rating as Darden Restaurants' CEO? 333 employees have rated Darden Restaurants CEO Gene Lee on Glassdoor.com. Gene Lee has an approval rating of 88% among Darden Restaurants' employees. Who are some of Darden Restaurants' key competitors? 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), Wendy's (WEN), Papa John's International (PZZA), Cracker Barrel Old Country Store (CBRL), Bloomin' Brands (BLMN), Cheesecake Factory (CAKE), Jack in the Box (JACK), Dine Brands Global (DIN), Brinker International (EAT) and Ruth's Hospitality Group (RUTH). View all of DRI's competitors. 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 many different retail and institutional investors. Top institutional investors include Capital International Investors (12.69%), Capital World Investors (12.54%), Vanguard Group Inc. (11.52%), BlackRock Inc. (6.70%), State Street Corp (4.33%) and Newport Trust Co (1.74%). Company insiders that own Darden Restaurants stock include Charles M Sonsteby, Daniel J Kiernan, David C George, 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, Sarah H King, Susan M Connelly, Todd Burrowes and William S Simon. View institutional ownership trends for Darden Restaurants. Which major investors are selling Darden Restaurants stock? DRI stock was sold by a variety of institutional investors in the last quarter, including Allianz Asset Management GmbH, Capital World Investors, BlackRock Inc., Migdal Insurance & Financial Holdings Ltd., State Street Corp, JPMorgan Chase & Co., Waratah Capital Advisors Ltd., and Group One Trading L.P.. Company insiders that have sold Darden Restaurants company stock in the last two years include Daniel J Kiernan, Douglas J Milanes, Eugene I Lee Jr, Eugene I Lee, Jr, John W Madonna, M Shan Atkins, Matthew R Broad, Melvin John Martin, Nana Mensah, Ricardo Cardenas, Sarah H King, Susan M Connelly, Todd Burrowes, and William S Simon. View insider buying and selling activity for Darden Restaurants or view top insider-selling stocks. Which major investors are buying Darden Restaurants stock? DRI stock was acquired by a variety of institutional investors in the last quarter, including Capital International Investors, Ardevora Asset Management LLP, Wellington Management Group LLP, Vanguard Group Inc., APG Asset Management N.V., Invesco Ltd., Arrowstreet Capital Limited Partnership, and Victory Capital Management Inc.. Company insiders that have bought Darden Restaurants stock in the last two years include Eugene I Lee Jr, and Juliana L Chugg. View insider buying and selling activity for Darden Restaurants or or view top insider-buying stocks. How do I buy shares of Darden Restaurants? 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. Compare Top Brokerages Here. What is Darden Restaurants' stock price today? One share of DRI stock can currently be purchased for approximately $119.81. How much money does Darden Restaurants make? Darden Restaurants (NYSE:DRI) has a market capitalization of $14.94 billion and generates $9.63 billion in revenue each year. The restaurant operator earns $629.30 million in net income (profit) each year or $7.40 on an earnings per share basis. How many employees does Darden Restaurants have? Darden Restaurants employs 160,000 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 When was Darden Restaurants founded? Darden Restaurants was founded in 1968. How can I contact Darden Restaurants? Darden Restaurants' mailing address is 1000 DARDEN CENTER DRIVE, ORLANDO FL, 32837. The official website for Darden Restaurants is www.darden.com. The restaurant operator can be reached via phone at (407) 245-4000, via email at [email protected], or via fax at 407-245-4989. This page (NYSE:DRI) was last updated on 6/26/2022 by MarketBeat.com Staff 30 Days of MarketBeat All Access for $1.00 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. 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