Darden Restaurants Stock Forecast, Price & News

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.
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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.
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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.
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Darden Restaurants is scheduled to release its next quarterly earnings announcement on Thursday, September 22nd 2022.
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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.

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.

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.

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.

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.

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), 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).
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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).

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

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.

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.
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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.
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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 $119.81.

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.

Darden Restaurants employs 160,000 workers across the globe.

Darden Restaurants was founded in 1968.

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.