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NYSE:DRI

Darden Restaurants (DRI) Stock Forecast, Price & News

$142.58
-0.64 (-0.45%)
(As of 11:21 AM ET)
Compare
Today's Range
$142.08
$143.50
50-Day Range
$141.27
$170.29
52-Week Range
$123.43
$173.06
Volume
247,916 shs
Average Volume
1.24 million shs
Market Capitalization
$17.23 billion
P/E Ratio
17.76
Dividend Yield
3.68%
Price Target
$169.14

Darden Restaurants MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.74 Rating Score
Upside/​Downside
18.1% Upside
$169.14 Price Target
Short Interest
Bearish
5.35% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-3.04
Upright™ Environmental Score
News Sentiment
0.19mentions of Darden Restaurants in the last 14 days
Based on 18 Articles This Week
Insider Trading
Selling Shares
$34.38 M Sold Last Quarter
Proj. Earnings Growth
9.83%
From $8.75 to $9.61 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.80 out of 5 stars

Retail/Wholesale Sector

36th out of 216 stocks

Eating Places Industry

9th out of 40 stocks


DRI stock logo

About Darden Restaurants (NYSE:DRI) Stock

Darden Restaurants, Inc. is a prominent American multi-brand restaurant operator headquartered in Orlando, Florida. With a diverse portfolio of fine dining and casual dining restaurant chains, Darden has established itself as the world's largest full-service restaurant company. The company operates a range of well-known brands, including Ruth's Chris Steak House, Eddie V's, The Capital Grille, Olive Garden Italian Restaurant, LongHorn Steakhouse, Bahama Breeze, Seasons 52, Yard House, and Cheddar's Scratch Kitchen. Darden is committed to providing exceptional dining experiences and warm hospitality to its customers across various restaurant industry segments.

Darden Restaurants' mission is to create memorable experiences by delighting guests with outstanding food, service, and hospitality. The company aims to be the leading full-service restaurant company in the world, driven by a passion for excellence and a dedication to its employees, guests, and communities.

The company's restaurant brands offer a wide range of culinary options, from upscale dining experiences to casual, family-friendly atmospheres. Ruth's Chris Steak House, Eddie V's, and The Capital Grille cater to discerning diners seeking exceptional fine dining experiences. Olive Garden Italian Restaurant, LongHorn Steakhouse, Bahama Breeze, Seasons 52, Yard House, and Cheddar's Scratch Kitchen provide casual dining options with diverse menus and inviting atmospheres.

Darden Restaurants targets a broad market to serve customers across different demographic segments and dining preferences. Its brands cater to a wide range of customers, including families, couples, business professionals, and individuals looking for quality dining experiences.

Darden Restaurants boasts a talented and experienced leadership team that drives the company's success. Led by Chief Executive Officer and President Ricardo Cardenas, the management team brings a wealth of expertise and industry knowledge to the table. Ricardo Cardenas has a proven track record in the restaurant industry and oversees the company's strategic direction and overall performance.

Darden Restaurants has consistently delivered strong financial performance, showcasing its ability to navigate the competitive landscape of the restaurant industry. When analyzing the company's financials, it is important to consider long-term trends and broader industry benchmarks.

Over the past few years, Darden Restaurants has reported impressive revenue growth. This upward trend reflects the popularity and customer loyalty enjoyed by Darden's restaurant brands. Earnings metrics also demonstrate the company's solid financial performance. Darden's earnings metrics indicate favorable market sentiment and future growth expectations.

Profit margin metrics reveal Darden's ability to generate strong returns. The company has maintained a net profit margin of around 9%, showcasing its operational efficiency and effective cost management. Darden Restaurants maintains a healthy debt-to-equity ratio indicating a balanced approach to capital structure. This prudent debt management strategy contributes to the company's financial stability and resilience.

Darden Restaurants has enjoyed favorable stock performance recently, driven by its strong financial results and market positioning. While stock prices can fluctuate in response to market conditions and investor sentiment, Darden has demonstrated resilience and the ability to deliver shareholder value.

Darden Restaurants operates in the broader eating places industry, encompassing a wide range of dining establishments. The industry is highly competitive, with numerous players vying for market share and consumer attention. However, Darden has carved out a distinctive position through its diverse brand portfolio and commitment to culinary excellence.

Darden's competitive advantages lie in its well-established restaurant brands, each catering to different customer segments and culinary preferences. The company's scale and industry expertise enables it to leverage economies of scale, drive operational efficiencies and maintain strong relationships with suppliers and partners.

Darden Restaurants has several growth opportunities at its disposal. The company can leverage its existing brand portfolio to expand into new markets and capitalize on emerging consumer trends. Additionally, Darden can pursue strategic acquisitions or partnerships to enhance its offerings and reach new customer segments.

As consumer preferences evolve, Darden can focus on culinary innovation, menu diversification, and providing exceptional guest experiences. By continuously adapting to changing market dynamics and consumer demands, Darden can secure its position as a leader in the multi-brand restaurant industry.

While Darden Restaurants has a strong market position, it faces certain risks and challenges inherent to the industry. The restaurant business is susceptible to economic downturns, shifts in consumer preferences, and labor market dynamics. Additionally, increasing food costs, regulatory changes, and competitive pressures can impact the company's profitability.

However, Darden has demonstrated effective risk management strategies to mitigate these challenges. The company's strong financial position, operational expertise, and focus on guest satisfaction provide a solid foundation for navigating potential headwinds and maintaining long-term success.

DRI Price History

DRI Stock News Headlines

3 Tasty Dividend Stocks With Value and Above-Average Yields (DRI)
Restaurant stocks are moving lower and offering a discount on their cash flow, dividend, high yield, and share repurchases
Nuclear Revival Creates Opportunities for Uranium
Uranium companies set to benefit from increased demand for clean energy.
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Darden (DRI) Receives a Buy from RBC Capital
Barclays Lowers Darden Restaurants (NYSE:DRI) Price Target to $175.00
Darden Restaurants (NYSE:DRI) PT Lowered to $165.00
Darden Restaurants (NYSE:DRI) PT Lowered to $155.00
Darden Restaurants (NYSE:DRI) PT Raised to $190.00
Darden Restaurants' (DRI) "Outperform" Rating Reiterated at TD Cowen
KeyBanc Sticks to Their Buy Rating for Darden (DRI)
Q1 2024 Darden Restaurants Inc Earnings Call
Darden Restaurants (NYSE:DRI) Stock Rating Lowered by StockNews.com
See More Headlines
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DRI Company Calendar

Ex-Dividend for 8/1 Dividend
7/07/2023
Dividend Payable
8/01/2023
Last Earnings
9/21/2023
Today
10/02/2023
Ex-Dividend for 11/1 Dividend
10/06/2023
Dividend Payable
11/01/2023
Next Earnings (Estimated)
12/15/2023
Fiscal Year End
5/31/2024

Industry, Sector and Symbol

Industry
Eating places
Sub-Industry
Restaurants
CUSIP
23719410
Employees
187,384
Year Founded
1968

Price Target and Rating

Average Stock Price Forecast
$169.14
High Stock Price Forecast
$190.00
Low Stock Price Forecast
$153.00
Forecasted Upside/Downside
+18.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.74
Research Coverage
19 Analysts

Profitability

Net Income
$981.90 million
Pretax Margin
10.39%

Debt

Sales & Book Value

Annual Sales
$10.49 billion
Cash Flow
$11.32 per share
Book Value
$17.77 per share

Miscellaneous

Free Float
119,846,000
Market Cap
$17.31 billion
Optionable
Optionable
Beta
1.24

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Key Executives

  • Mr. Ricardo  CardenasMr. Ricardo Cardenas (Age 55)
    CEO, Pres & Director
    Comp: $2.94M
  • Mr. Rajesh  VennamMr. Rajesh Vennam (Age 48)
    Sr. VP & CFO
    Comp: $1.46M
  • Mr. John Melvin Martin (Age 62)
    Pres of Specialty Restaurant Group
    Comp: $1.61M
  • Mr. Todd A. BurrowesMr. Todd A. Burrowes (Age 60)
    Pres of Longhorn Steakhouse
    Comp: $1.47M
  • Mr. Daniel J. KiernanMr. Daniel J. Kiernan (Age 62)
    Pres of Olive Garden
    Comp: $1.6M
  • Kyle Holmes
    Managing Partner
  • Mr. Jon Norem
    Managing Partner
  • Mr. John Rucker
    Managing Partner
  • Mr. Christopher Chang
    Sr. VP & Chief Information Officer
  • Mr. Kevin Kalicak
    VP of Investor Relations & Corp. Analysis













DRI Stock - Frequently Asked Questions

Should I buy or sell Darden Restaurants stock right now?

19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Darden Restaurants in the last year. There are currently 5 hold ratings and 14 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" DRI shares.
View DRI analyst ratings
or view top-rated stocks.

What is Darden Restaurants' stock price forecast for 2023?

19 Wall Street research analysts have issued 1-year price objectives for Darden Restaurants' stock. Their DRI share price forecasts range from $153.00 to $190.00. On average, they anticipate the company's share price to reach $169.14 in the next twelve months. This suggests a possible upside of 18.1% 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 stock has increased by 3.5% and is now trading at $143.22.
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 September. As of September 15th, there was short interest totaling 6,440,000 shares, an increase of 20.6% from the August 31st total of 5,340,000 shares. Based on an average daily volume of 1,140,000 shares, the days-to-cover ratio is presently 5.6 days. Approximately 5.4% of the shares of the company 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 Friday, December 15th 2023.
View our DRI earnings forecast
.

How were Darden Restaurants' earnings last quarter?

Darden Restaurants, Inc. (NYSE:DRI) released its quarterly earnings data on Thursday, September, 21st. The restaurant operator reported $1.78 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.73 by $0.05. The restaurant operator had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.71 billion. Darden Restaurants had a net margin of 9.13% and a trailing twelve-month return on equity of 47.87%. The company's quarterly revenue was up 11.6% on a year-over-year basis. During the same quarter last year, the business earned $1.56 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 Thursday, September 21st. Investors of record on Tuesday, October 10th will be paid a dividend of $1.31 per share on Wednesday, November 1st. This represents a $5.24 annualized dividend and a yield of 3.66%. The ex-dividend date of this dividend is Friday, October 6th.
Read our dividend analysis for DRI
.

Is Darden Restaurants a good dividend stock?

Darden Restaurants (NYSE:DRI) pays an annual dividend of $5.24 per share and currently has a dividend yield of 3.66%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 65.26%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, DRI will have a dividend payout ratio of 54.53% 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 share repurchase plan on Thursday, June 23rd 2022, which permits the company to buyback $1,000,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to reacquire up to 6.6% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's board of directors believes its stock is undervalued.

What guidance has Darden Restaurants issued on next quarter's earnings?

Darden Restaurants updated its FY 2024 earnings guidance on Thursday, September, 21st. The company provided EPS guidance of $8.55-$8.85 for the period, compared to the consensus earnings per share estimate of $8.74. The company issued revenue guidance of -.

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."

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 $143.22.

How much money does Darden Restaurants make?

Darden Restaurants (NYSE:DRI) has a market capitalization of $17.31 billion and generates $10.49 billion in revenue each year. The restaurant operator earns $981.90 million in net income (profit) each year or $8.03 on an earnings per share basis.

How many employees does Darden Restaurants have?

The company employs 187,384 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 10/2/2023 by MarketBeat.com Staff

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