About Darden Restaurants
Darden Restaurants, Inc. is a full-service restaurant company. The Company owned and operated 1,536 restaurants through its subsidiaries in the United States and Canada, as of May 29, 2016. The Company's segments include Olive Garden, LongHorn Steakhouse, Fine Dining (which includes The Capital Grille, and Eddie V's Prime Seafood and Wildfish Seafood Grille (Eddie V's)) and Other Business (which includes Yard House, Seasons 52, Bahama Breeze, consumer-packaged goods and franchise revenues). As of May 29, 2016, the Company also had 50 restaurants operated by independent third parties pursuant to area development and franchise agreements. Olive Garden's menu includes a range of authentic Italian foods featuring fresh ingredients and a selection of imported Italian wines. LongHorn Steakhouse restaurants feature a range of menu items, including fresh steaks and chicken, as well as salmon, shrimp, ribs, pork chops, burgers and prime rib.
Industry, Sector and Symbol:
- Sector: Retail/Wholesale
- Industry: Restaurants
- Sub-Industry: Restaurants
- Exchange: NYSE
- Symbol: DRI
- CUSIP: 23719410
- Previous Close: $76.73
- 50 Day Moving Average: $73.54
- 200 Day Moving Average: $68.37
- 52-Week Range: $59.50 - $79.43
- Trailing P/E Ratio: 22.47
- Foreward P/E Ratio: 17.75
- P/E Growth: 1.50
- Market Cap: $9.52B
- Outstanding Shares: 124,165,000
- Beta: 0.28
- Net Margins: 6.22%
- Return on Equity: 25.92%
- Return on Assets: 10.89%
Companies Related to Darden Restaurants:
- Debt-to-Equity Ratio: 0.24%
- Current Ratio: 0.59%
- Quick Ratio: 0.43%
What is Darden Restaurants' stock symbol?
Darden Restaurants trades on the New York Stock Exchange (NYSE) under the ticker symbol "DRI."
How often does Darden Restaurants pay dividends? What is the dividend yield for Darden Restaurants?
Darden Restaurants declared a quarterly dividend on Wednesday, December 14th. Stockholders of record on Tuesday, January 10th will be given a dividend of $0.56 per share on Wednesday, February 1st. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date is Friday, January 6th.
Where is Darden Restaurants' stock going? Where will Darden Restaurants' stock price be in 2017?
27 equities research analysts have issued 1 year target prices for Darden Restaurants' stock. Their predictions range from $50.00 to $88.00. On average, they expect Darden Restaurants' share price to reach $74.14 in the next twelve months.
When will Darden Restaurants announce their earnings?
Darden Restaurants is scheduled to release their next quarterly earnings announcement on Monday, April, 3rd 2017.
What are analysts saying about Darden Restaurants stock?
Here are some recent quotes from research analysts about Darden Restaurants stock:
According to Zacks Investment Research, "Darden’s shares have outpaced the Zacks categorized Retail–Restaurants industry over the past year. Most of its brands have been witnessing growth over the past few quarters due to sales initiatives like simplifying kitchen systems, improving in-restaurant execution to enhance guest experience, menu innovation and technology-driven moves. The company’s Olive Garden Brand Renaissance plan–aimed to turn around its business–should continue reaping benefits. Also, the company’s efforts to check costs are commendable. Backed by these positives, Darden’s Q2 fiscal 2017 earnings beat the Zacks Consensus Estimate for the ninth consecutive quarter. Meanwhile, initiatives undertaken to attract guests at LongHorn and other units also bode well. Yet, rising labor costs and a non-franchised business model might dampen the company’s profits, while a soft consumer spending environment could keep comps under pressure." (2/21/2017)
Canaccord Genuity analysts commented, "We recently hosted an investor dinner with Darden Restaurants’ management team: Gene Lee (President & CEO), Rick Cardenas (CFO), David George (President of Olive Garden), Todd Burrowes (President of LongHorn Steakhouse) and Kevin Kalicak (IR). Following the meeting, we are increasingly confident in our BUY thesis. While the industry backdrop remains challenging given the slowdown in restaurant sales and labor inflation, we remain confident in DRI’s ability to drive continued market share gains via an improved guest experience, off-premise, menu innovation and Olive Garden remodels." (1/12/2017)
Who owns Darden Restaurants stock?
Darden Restaurants' stock is owned by many different of institutional and retail investors. Top institutional shareholders include State Street Corp (4.55%), FMR LLC (2.57%), AQR Capital Management LLC (1.86%), Federated Investors Inc. PA (0.88%), Bessemer Group Inc. (0.88%) and DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main (0.77%). Company insiders that own Darden Restaurants stock include Alan N Stillman, C Bradford Richmond, Danielle L Kirgan, David C George, Eugene I Lee Jr, Eugene I Lee, Jr, James P Fogarty, Jeffrey C Smith, R Lothrop David and Valerie L Insignares.
Who sold Darden Restaurants stock? Who is selling Darden Restaurants stock?
Darden Restaurants' stock was sold by a variety of institutional investors in the last quarter, including Janus Capital Management LLC, Federated Investors Inc. PA, NN Investment Partners Holdings N.V., Folger Hill Asset Management LP, Aviva PLC, AQR Capital Management LLC, Tudor Investment Corp Et Al and Renaissance Group LLC. Company insiders that have sold Darden Restaurants stock in the last year include Alan N Stillman, Danielle L Kirgan and Jeffrey C Smith.
Who bought Darden Restaurants stock? Who is buying Darden Restaurants stock?
Darden Restaurants' stock was purchased by a variety of institutional investors in the last quarter, including FMR LLC, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main, State Street Corp, Guggenheim Capital LLC, Flinton Capital Management LLC, Tyers Asset Management LLC, Asset Management One Co. Ltd. and Martingale Asset Management L P. Company insiders that have bought Darden Restaurants stock in the last two years include Eugene I Lee Jr and James P Fogarty.
How do I buy Darden Restaurants stock?
Shares of Darden Restaurants can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
How much does a share of Darden Restaurants stock cost?
One share of Darden Restaurants stock can currently be purchased for approximately $76.70.