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S&P 500   3,911.74
DOW   31,500.68
QQQ   294.61
S&P 500   3,911.74
DOW   31,500.68
QQQ   294.61
S&P 500   3,911.74
DOW   31,500.68
QQQ   294.61
S&P 500   3,911.74
DOW   31,500.68
QQQ   294.61

Darden Restaurants Stock Forecast, Price & News

$119.81
+4.21 (+3.64%)
(As of 06/24/2022 12:00 AM ET)
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Today's Range
$116.12
$119.89
50-Day Range
$111.84
$138.13
52-Week Range
$110.96
$164.28
Volume
2.38 million shs
Average Volume
1.24 million shs
Market Capitalization
$14.94 billion
P/E Ratio
16.19
Dividend Yield
3.67%
Price Target
$141.47
30 days | 90 days | 365 days | Advanced Chart

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DRI Stock Forecast (MarketRank)

Overall MarketRank

3.09 out of 5 stars

Retail/Wholesale Sector

42nd out of 283 stocks

Eating Places Industry

9th out of 55 stocks

Analyst Opinion: 2.4Community Rank: 4.5Dividend Strength: 3.3Insider Behavior: 3.3Valuation: 1.9 5 -4 -3 -2 -1 -
Darden Restaurants logo

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.

DRI Stock News Headlines

A 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.
Darden Restaurants (NYSE:DRI) Price Target Cut to $136.00
Darden Restaurants (NYSE:DRI) Price Target Cut to $148.00
Darden Restaurants (NYSE:DRI) PT Lowered to $143.00
Darden Restaurants (NYSE:DRI) Price Target Raised to $140.00
See More Headlines

Industry, Sector and Symbol

Industry
Eating places
Sub-Industry
Restaurants
CUSIP
23719410
Employees
160,000
Year Founded
1968

Company Calendar

Last Earnings
12/17/2021
Ex-Dividend for 5/2 Dividend
4/07/2022
Dividend Payable
5/02/2022
Today
6/26/2022
Ex-Dividend for 8/1 Dividend
7/07/2022
Dividend Payable
8/01/2022
Next Earnings (Estimated)
9/22/2022
Fiscal Year End
5/31/2023

Price 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 Rating
Moderate Buy
Rating Score (0-4)
2.8
Research Coverage
20 Analysts

Profitability

Net Income
$629.30 million
Pretax Margin
11.35%

Debt

Sales & Book Value

Annual Sales
$9.63 billion
Cash Flow
$10.60 per share
Book Value
$17.62 per share

Miscellaneous

Free Float
123,549,000
Market Cap
$14.94 billion
Optionable
Optionable
Beta
1.32

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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:

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.

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

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