Top-Rated Dividend Stocks NYSE:DRI Darden Restaurants - DRI 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. $150.63 +2.13 (+1.43%) (As of 03/20/2023 12:00 AM ET) Add Compare Share Share Today's Range$148.69▼$151.4550-Day Range$142.67▼$150.6352-Week Range$110.96▼$152.08Volume1.48 million shsAverage Volume1.23 million shsMarket Capitalization$18.33 billionP/E Ratio20.78Dividend Yield3.21%Price Target$154.76 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Darden Restaurants MarketRank™ ForecastAnalyst RatingModerate Buy2.79 Rating ScoreUpside/Downside2.7% Upside$154.76 Price TargetShort InterestHealthy3.04% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainability-3.04Upright™ Environmental ScoreNews Sentiment0.52Based on 28 Articles This WeekInsider TradingSelling Shares$1.36 M Sold Last QuarterProj. Earnings Growth10.34%From $7.83 to $8.64 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.2.64 out of 5 starsRetail/Wholesale Sector42nd out of 207 stocksEating Places Industry7th out of 41 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 $154.76, Darden Restaurants has a forecasted upside of 2.7% from its current price of $150.63.Amount of Analyst CoverageDarden Restaurants has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 3.0 Short Interest Percentage of Shares Shorted3.04% 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 3.2, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Darden Restaurants has recently increased by 39.77%, indicating that investor sentiment is decreasing significantly. Previous Next 2.5 Dividend Strength Dividend YieldDarden Restaurants pays a meaningful dividend of 3.26%, 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 66.76%. 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 56.02% 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 3.1 News and Social Media Coverage News SentimentDarden Restaurants has a news sentiment score of 0.52. 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 higher news sentiment than the 0.34 average news sentiment score of Retail/Wholesale companies.News Coverage This WeekMarketBeat has tracked 28 news articles for Darden Restaurants this week, compared to 9 articles on an average week.Search Interest39 people have searched for DRI on MarketBeat in the last 30 days. This is an increase of 63% compared to the previous 30 days.MarketBeat FollowsOnly 8 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 $1,358,200.00 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 10.34% in the coming year, from $7.83 to $8.64 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Darden Restaurants is 20.78, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.32.Price to Earnings Ratio vs. SectorThe P/E ratio of Darden Restaurants is 20.78, which means that it is trading at a less expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 34.23.Price to Earnings Growth RatioDarden Restaurants has a PEG Ratio of 1.93. 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 8.49. 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 HeadlinesFebruary 24, 2023 | marketbeat.comRuth’s Hospitality Group: A Tasty Small Cap For Income (DRI)Ruth's Hospitality Group offers value and yield within the restaurant sector and growth is on the table along with margin improvement.March 20, 2023 | benzinga.comDarden Restaurants Has Strong Brand Value And Benefits Of Scale, Says AnalystMarch 20, 2023 | Investing Daily (Ad)Check Out This 6-Year Win StreakDespite the volatility of the last few years, this reclusive millionaire hasn’t closed a losing trade since July 2016. He just plugs away, executing what may be the most effective investment strategy on Earth. He turned $50K into $5.3M! Want to see the details? Click HERE to watch it for yourself. March 20, 2023 | finance.yahoo.comHas Chuy's (CHUY) Outpaced Other Retail-Wholesale Stocks This Year?March 20, 2023 | markets.businessinsider.comDarden (DRI) Receives a Buy from Raymond JamesMarch 19, 2023 | finance.yahoo.comDarden Restaurants' (NYSE:DRI) 60% CAGR outpaced the company's earnings growth over the same three-year periodMarch 19, 2023 | americanbankingnews.comDarden Restaurants (NYSE:DRI) Stock Rating Reaffirmed by OppenheimerMarch 18, 2023 | americanbankingnews.comOppenheimer Research Analysts Raise Earnings Estimates for Darden Restaurants, Inc. (NYSE:DRI)March 20, 2023 | Investing Daily (Ad)Check Out This 6-Year Win StreakDespite the volatility of the last few years, this reclusive millionaire hasn’t closed a losing trade since July 2016. He just plugs away, executing what may be the most effective investment strategy on Earth. He turned $50K into $5.3M! Want to see the details? Click HERE to watch it for yourself. March 17, 2023 | americanbankingnews.comStockNews.com Begins Coverage on Darden Restaurants (NYSE:DRI)March 17, 2023 | americanbankingnews.comAnalysts Offer Predictions for Darden Restaurants, Inc.'s Q3 2023 Earnings (NYSE:DRI)March 16, 2023 | americanbankingnews.comFY2023 Earnings Estimate for Darden Restaurants, Inc. Issued By Wedbush (NYSE:DRI)March 15, 2023 | marketwatch.comDarden Restaurants Inc. stock underperforms Wednesday when compared to competitors despite daily gainsMarch 15, 2023 | finance.yahoo.comOlive Garden Can Thrive in a Recession. Buy Darden Stock.March 14, 2023 | americanbankingnews.comDarden Restaurants (NYSE:DRI) Price Target Raised to $165.00 at WedbushMarch 13, 2023 | msn.comDarden Restaurants' Comparable Sales to Benefit From Higher Traffic at Olive Garden, Longhorn, Wedbush SaysMarch 13, 2023 | marketwatch.comDarden Restaurants Inc. stock outperforms market on strong trading dayMarch 13, 2023 | msn.comThe Latest Analyst Ratings for Darden RestaurantsMarch 12, 2023 | americanbankingnews.comDarden Restaurants, Inc. (NYSE:DRI) Short Interest UpdateMarch 12, 2023 | americanbankingnews.comDarden Restaurants (NYSE:DRI) Given New $160.00 Price Target at Stifel NicolausMarch 10, 2023 | msn.comN.J. actor Dexter Darden on ‘Chang Can Dunk,’ ‘Half Baked 2’ and growing up on screenMarch 9, 2023 | msn.comCould Browns WR Jaelon Darden expect a bigger role in 2023?March 8, 2023 | finance.yahoo.comNoodles & Co. (NDLS) Matches Q4 Earnings EstimatesMarch 7, 2023 | thestreet.comDarden Restaurants (DRI) Stock Advances After Price Target Increase at KeyBancMarch 1, 2023 | marketwatch.comDarden Restaurants Inc. stock outperforms competitors on strong trading dayMarch 1, 2023 | marketwatch.comDarden Restaurants Inc. stock underperforms Tuesday when compared to competitors despite daily gainsMarch 1, 2023 | finance.yahoo.comDARDEN RESTAURANTS TO HOST FISCAL 2023 THIRD QUARTER CONFERENCE CALL ON MARCH 23See More Headlines 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 Company Calendar Last Earnings12/17/2021Ex-Dividend for 2/1 Dividend1/09/2023Dividend Payable2/01/2023Today3/20/2023Next Earnings (Confirmed)3/23/2023Fiscal Year End5/31/2023Get 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$154.76 High Stock Price Forecast$175.00 Low Stock Price Forecast$129.00 Forecasted Upside/Downside+2.6%Consensus RatingModerate Buy Rating Score (0-4)2.79 Research Coverage24 Analysts Profitability EPS (Most Recent Fiscal Year)$7.25 Trailing P/E Ratio20.81 Forward P/E Ratio19.27 P/E Growth1.93Net Income$952.80 million Net Margins9.10% Pretax Margin10.42% Return on Equity42.51% Return on Assets9.02% Debt Debt-to-Equity Ratio0.44 Current Ratio0.47 Quick Ratio0.31 Sales & Book Value Annual Sales$9.63 billion Price / Sales1.91 Cash Flow$10.85 per share Price / Cash Flow13.91 Book Value$17.74 per share Price / Book8.50Miscellaneous Outstanding Shares121,710,000Free Float120,573,000Market Cap$18.36 billion OptionableOptionable Beta1.23 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 & InstitutionsRockefeller Capital Management L.P.Bought 418 shares on 3/6/2023Ownership: 0.010%Voya Investment Management LLCBought 1,761 shares on 2/28/2023Ownership: 0.057%Parallax Volatility Advisers L.P.Sold 79,500 shares on 2/27/2023Ownership: 0.000%NatixisBought 5,323 shares on 2/24/2023Ownership: 0.011%WC Walker & Associates Inc.Bought 217 shares on 2/23/2023Ownership: 0.003%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 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 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 brokers have issued 1-year target prices for Darden Restaurants' stock. Their DRI share price forecasts range from $129.00 to $175.00. On average, they expect the company's stock price to reach $154.76 in the next year. This suggests a possible upside of 2.6% from the stock's current price. 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 beginning of 2023. Since then, DRI shares have increased by 9.0% and is now trading at $150.80. 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 February. As of February 28th, there was short interest totaling 3,690,000 shares, an increase of 39.8% from the February 13th total of 2,640,000 shares. Based on an average daily trading volume, of 1,140,000 shares, the short-interest ratio is presently 3.2 days. Currently, 3.0% of the shares of the stock are short sold. 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, March 23rd 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, March 23rd 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 earnings results on Friday, December, 17th. The restaurant operator reported $1.48 EPS for the quarter, topping analysts' consensus estimates of $1.43 by $0.05. The restaurant operator earned $2.27 billion during the quarter, compared to the consensus estimate of $2.23 billion. Darden Restaurants had a net margin of 9.10% and a trailing twelve-month return on equity of 42.51%. Darden Restaurants's quarterly revenue was up 37.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.74 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 announced a quarterly dividend on Friday, December 16th. Stockholders of record on Tuesday, January 10th will be given a dividend of $1.21 per share on Wednesday, February 1st. This represents a $4.84 dividend on an annualized basis and a yield of 3.21%. The ex-dividend date is Monday, January 9th. 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 AdvisorShares Restaurant ETF (EATZ), Invesco Dynamic Leisure and Entertainment ETF (PEJ), Invesco DWA Consumer Cyclicals Momentum ETF (PEZ), Invesco S&P 500 Equal Weight Consumer Discretionary ETF (RCD), Invesco S&P 500 High Dividend Low Volatility ETF (SPHD), Federated Hermes U.S. Strategic Dividend ETF (FDV), SPDR Portfolio S&P 500 High Dividend ETF (SPYD) and First Trust Dorsey Wright Momentum & Dividend ETF (DDIV). 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 3.26%. 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 66.76%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, DRI will have a dividend payout ratio of 56.02% 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 declared that its Board of Directors has initiated a stock buyback plan on Thursday, June 23rd 2022, which authorizes the company to repurchase $1,000,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to reacquire up to 6.6% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's leadership believes its shares are undervalued. 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 variety of institutional and retail investors. Top institutional shareholders include Geode Capital Management LLC (2.06%), Newport Trust Co (1.75%), Morgan Stanley (1.29%), Victory Capital Management Inc. (1.27%), Victory Capital Management Inc. (1.26%) and Amundi (1.22%). Insiders that own company stock include 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, 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 $150.80. How much money does Darden Restaurants make? Darden Restaurants (NYSE:DRI) has a market capitalization of $18.35 billion and generates $9.63 billion in revenue each year. The restaurant operator earns $952.80 million in net income (profit) each year or $7.25 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 3/20/2023 by MarketBeat.com Staff 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. 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