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Darden Restaurants Stock Price, Forecast & Analysis (NYSE:DRI)

$112.60
+0.13 (+0.12 %)
(As of 11/15/2019 04:00 PM ET)
Today's Range
$111.97
Now: $112.60
$113.18
50-Day Range
$109.39
MA: $113.14
$118.36
52-Week Range
$95.83
Now: $112.60
$128.41
Volume954,503 shs
Average Volume1.28 million shs
Market Capitalization$13.80 billion
P/E Ratio19.35
Dividend Yield3.13%
Beta0.35
Darden Restaurants, Inc, through its subsidiaries, owns and operates full-service restaurants in the United States and Canada. As of May 27, 2018, it owned and operated approximately 1,746 restaurants under the Olive Garden, LongHorn Steakhouse, Cheddar's Scratch Kitchen, Yard House, The Capital Grille, Bahama Breeze, Seasons 52, and Eddie V's brands. Read More…

Industry, Sector and Symbol

Industry Eating places
Sub-IndustryRestaurants
SectorRetail/Wholesale
CUSIP23719410
Phone407-245-4000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$8.51 billion
Cash Flow$8.67 per share
Book Value$19.44 per share

Profitability

Net Income$713.40 million

Miscellaneous

Employees185,000
Market Cap$13.80 billion
Next Earnings Date12/17/2019 (Estimated)
OptionableOptionable

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Darden Restaurants (NYSE:DRI) Frequently Asked Questions

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 announced a quarterly dividend on Thursday, September 19th. Shareholders of record on Thursday, October 10th will be paid a dividend of $0.88 per share on Friday, November 1st. This represents a $3.52 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date of this dividend is Wednesday, October 9th. View Darden Restaurants' Dividend History.

How were Darden Restaurants' earnings last quarter?

Darden Restaurants, Inc. (NYSE:DRI) released its quarterly earnings data on Thursday, September, 19th. The restaurant operator reported $1.38 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $1.36 by $0.02. The restaurant operator had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.13 billion. Darden Restaurants had a net margin of 8.36% and a return on equity of 31.37%. The firm's revenue was up 3.5% on a year-over-year basis. During the same period last year, the company posted $1.34 EPS. View Darden Restaurants' Earnings History.

When is Darden Restaurants' next earnings date?

Darden Restaurants is scheduled to release their next quarterly earnings announcement on Tuesday, December 17th 2019. View Earnings Estimates for Darden Restaurants.

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

Darden Restaurants updated its FY20 earnings guidance on Thursday, September, 19th. The company provided earnings per share guidance of $6.30-6.45 for the period, compared to the Thomson Reuters consensus estimate of $6.41. The company issued revenue guidance of +5.3-6..3% to $8.96-9.05 billion, compared to the consensus revenue estimate of $9.03 billion.

What price target have analysts set for DRI?

29 Wall Street analysts have issued 12-month target prices for Darden Restaurants' shares. Their forecasts range from $47.60 to $140.00. On average, they anticipate Darden Restaurants' stock price to reach $124.47 in the next year. This suggests a possible upside of 10.5% from the stock's current price. View Analyst Price Targets for Darden Restaurants.

What is the consensus analysts' recommendation for Darden Restaurants?

29 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Darden Restaurants in the last year. There are currently 1 sell rating, 14 hold ratings and 14 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Darden Restaurants.

What are Wall Street analysts saying about Darden Restaurants stock?

Here are some recent quotes from research analysts about Darden Restaurants stock:
  • 1. According to Zacks Investment Research, "Shares of Darden have outperformed the industry in a year. Darden’s earnings met/surpassed the Zacks Consensus Estimate for 18 straight quarters. Estimates for current quarter and year have increased over the past 60 days. Backed by its various sales initiatives and technology-driven moves, the top line is likely to improve in the months ahead. The company’s efforts to check costs are commendable. In fiscal 2018, management realized roughly $10 million of cost synergies and expects to realize the same in the range of $22-$27 million by the end of fiscal 2019. Further, the Cheddar's buyout has added value to Darden's portfolio of differentiated brands. Current-year earnings estimates have also moved north over the past month. However, fierce competition and softer-than-expected consumer demand might keep comps under pressure. Also, rising labor costs and a non-franchised business model may dampen profits." (6/12/2019)
  • 2. Maxim Group analysts commented, "We maintain our Buy rating on Darden Restaurants (DRI) and raise our price target to $128, from $122, ahead of the release of F3Q19 (February) results on Thursday, March 21 before the open." (3/19/2019)

Has Darden Restaurants been receiving favorable news coverage?

Media stories about DRI stock have been trending neutral on Friday, InfoTrie Sentiment Analysis reports. InfoTrie ranks the sentiment of media coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Darden Restaurants earned a coverage optimism score of 0.2 on InfoTrie's scale. They also assigned headlines about the restaurant operator a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock's share price in the near future. View News Stories for Darden Restaurants.

Are investors shorting Darden Restaurants?

Darden Restaurants saw a decrease in short interest in October. As of October 31st, there was short interest totalling 5,080,000 shares, a decrease of 10.9% from the September 30th total of 5,700,000 shares. Based on an average daily trading volume, of 1,280,000 shares, the days-to-cover ratio is presently 4.0 days. Approximately 4.2% of the shares of the stock are short sold. View Darden Restaurants' Current Options Chain.

Who are some of Darden Restaurants' key competitors?

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 Walt Disney (DIS), Boeing (BA), Home Depot (HD), Johnson & Johnson (JNJ), NVIDIA (NVDA), Alibaba Group (BABA), Paypal (PYPL), Micron Technology (MU), AbbVie (ABBV) and Target (TGT).

Who are Darden Restaurants' key executives?

Darden Restaurants' management team includes the folowing people:
  • Mr. Eugene I. Lee Jr., Pres, CEO & Director (Age 57)
  • Mr. Ricardo Cardenas, Sr. VP & CFO (Age 51)
  • Mr. David C. George, Exec. VP & COO (Age 63)
  • Mr. Matthew R. Broad, Sr. VP, Gen. Counsel, Chief Compliance Officer & Corp. Sec. (Age 59)
  • Mr. Todd A. Burrowes, Pres of Longhorn Steakhouse (Age 56)

Who are Darden Restaurants' major shareholders?

Darden Restaurants' stock is owned by many different of institutional and retail investors. Top institutional shareholders include Newport Trust Co (2.10%), California Public Employees Retirement System (0.85%), Robeco Institutional Asset Management B.V. (0.75%), Sumitomo Mitsui Trust Holdings Inc. (0.41%), PGGM Investments (0.36%) and Scout Investments Inc. (0.24%). Company insiders that own Darden Restaurants stock include Daniel J Kiernan, David C George, Douglas J Milanes, Eugene I Lee Jr, John W Madonna, Nana Mensah, Ricardo Cardenas and William S Simon. View Institutional Ownership Trends for Darden Restaurants.

Which institutional investors are selling Darden Restaurants stock?

DRI stock was sold by a variety of institutional investors in the last quarter, including Robeco Institutional Asset Management B.V., Cookson Peirce & Co. Inc., Teacher Retirement System of Texas, Virginia Retirement Systems ET AL, First Trust Advisors LP, Moody National Bank Trust Division, Twin Capital Management Inc. and SG Americas Securities LLC. Company insiders that have sold Darden Restaurants company stock in the last year include Daniel J Kiernan, David C George, Douglas J Milanes, Eugene I Lee Jr, John W Madonna, Nana Mensah, Ricardo Cardenas and William S Simon. View Insider Buying and Selling for Darden Restaurants.

Which institutional investors are buying Darden Restaurants stock?

DRI stock was purchased by a variety of institutional investors in the last quarter, including PGGM Investments, Russell Investments Group Ltd., California Public Employees Retirement System, CWM LLC, Scout Investments Inc., Putnam FL Investment Management Co., Mackay Shields LLC and Carillon Tower Advisers Inc.. View Insider Buying and Selling for Darden Restaurants.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

What is Darden Restaurants' stock price today?

One share of DRI stock can currently be purchased for approximately $112.60.

How big of a company is Darden Restaurants?

Darden Restaurants has a market capitalization of $13.80 billion and generates $8.51 billion in revenue each year. The restaurant operator earns $713.40 million in net income (profit) each year or $5.82 on an earnings per share basis. Darden Restaurants employs 185,000 workers across the globe.View Additional Information About Darden Restaurants.

What is Darden Restaurants' official website?

The official website for Darden Restaurants is http://www.darden.com/.

How can I contact Darden Restaurants?

Darden Restaurants' mailing address is 1000 DARDEN CENTER DRIVE, ORLANDO FL, 32837. The restaurant operator can be reached via phone at 407-245-4000 or via email at [email protected]


MarketBeat Community Rating for Darden Restaurants (NYSE DRI)

Community Ranking:  2.6 out of 5 (star star)
Outperform Votes:  905 (Vote Outperform)
Underperform Votes:  816 (Vote Underperform)
Total Votes:  1,721
MarketBeat's community ratings are surveys of what our community members think about Darden Restaurants and other stocks. Vote "Outperform" if you believe DRI will outperform the S&P 500 over the long term. Vote "Underperform" if you believe DRI will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 11/15/2019 by MarketBeat.com Staff

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