S&P 500   4,544.90
DOW   35,677.02
QQQ   374.10
S&P 500   4,544.90
DOW   35,677.02
QQQ   374.10
S&P 500   4,544.90
DOW   35,677.02
QQQ   374.10
S&P 500   4,544.90
DOW   35,677.02
QQQ   374.10
NYSE:DRI

Darden Restaurants Stock Forecast, Price & News

$145.40
-0.22 (-0.15 %)
(As of 10/22/2021 12:00 AM ET)
Add
Compare
Today's Range
$143.44
$146.05
50-Day Range
$136.76
$159.81
52-Week Range
$89.34
$164.28
Volume712,812 shs
Average Volume1.51 million shs
Market Capitalization$18.87 billion
P/E Ratio30.48
Dividend Yield2.95%
Beta1.54
30 days | 90 days | 365 days | Advanced Chart
Receive DRI 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.


Darden Restaurants logo

About Darden Restaurants

Darden 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 comprises 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.

Headlines

See More Headlines

Industry, Sector and Symbol

Industry
Eating places
Sub-Industry
Restaurants
CUSIP
23719410
Employees
177,000
Year Founded
1968

Sales & Book Value

Annual Sales
$7.20 billion
Cash Flow
$6.88 per share
Book Value
$21.51 per share

Profitability

Net Income
$629.30 million

Debt

Price-To-Earnings

Miscellaneous

Market Cap
$18.87 billion
Next Earnings Date
12/17/2021 (Estimated)
Optionable
Optionable

Social Links


MarketRank

Overall MarketRank

2.70 out of 5 stars

Retail/Wholesale Sector

48th out of 265 stocks

Eating Places Industry

8th out of 52 stocks

Analyst Opinion: 3.4Community Rank: 4.7Dividend Strength: 1.7Insider Behavior: 2.5Valuation: 1.3 5 -4 -3 -2 -1 -












Darden Restaurants (NYSE:DRI) Frequently Asked Questions

Is Darden Restaurants a buy right now?

26 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Darden Restaurants in the last year. There are currently 5 hold ratings and 21 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Darden Restaurants stock.
View analyst ratings for Darden Restaurants
or view top-rated stocks.

What stocks does MarketBeat like better than Darden Restaurants?

Wall Street analysts have given Darden Restaurants a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Darden Restaurants wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Darden Restaurants?

Darden Restaurants saw a decline in short interest during the month of September. As of September 15th, there was short interest totaling 4,590,000 shares, a decline of 17.1% from the August 31st total of 5,540,000 shares. Based on an average daily volume of 1,660,000 shares, the short-interest ratio is presently 2.8 days. Approximately 3.5% of the company's stock are short sold.
View Darden Restaurants' Short Interest
.

When is Darden Restaurants' next earnings date?

Darden Restaurants is scheduled to release its next quarterly earnings announcement on Friday, December 17th 2021.
View our earnings forecast for Darden Restaurants
.

How were Darden Restaurants' earnings last quarter?

Darden Restaurants, Inc. (NYSE:DRI) issued its quarterly earnings data on Wednesday, September, 22nd. The restaurant operator reported $1.76 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $1.65 by $0.11. The restaurant operator earned $2.31 billion during the quarter, compared to the consensus estimate of $2.24 billion. Darden Restaurants had a net margin of 8.74% and a trailing twelve-month return on equity of 22.25%. The business's revenue for the quarter was up 51.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.56 EPS.
View Darden Restaurants' earnings history
.

How has Darden Restaurants' stock price been impacted by Coronavirus (COVID-19)?

Darden Restaurants' stock was trading at $70.21 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, DRI stock has increased by 107.1% and is now trading at $145.40.
View which stocks have been most impacted by COVID-19
.

How often does Darden Restaurants pay dividends? What is the dividend yield for Darden Restaurants?

Darden Restaurants declared a quarterly dividend on Thursday, September 23rd. Investors of record on Friday, October 8th will be paid a dividend of $1.10 per share on Monday, November 1st. This represents a $4.40 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date of this dividend is Thursday, October 7th.
View Darden Restaurants' dividend history
.

Is Darden Restaurants a good dividend stock?

Darden Restaurants pays an annual dividend of $4.40 per share and currently has a dividend yield of 2.95%. Darden Restaurants does not yet have a strong track record of dividend growth. The dividend payout ratio of Darden Restaurants is 102.09%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, Darden Restaurants will have a dividend payout ratio of 53.27% 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 announced that its board has approved a stock repurchase plan on Thursday, September 23rd 2021, which permits the company to repurchase $750,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to repurchase up to 3.6% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's board believes its shares are undervalued.

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

Darden Restaurants updated its FY 2022 earnings guidance on Thursday, October, 21st. The company provided EPS guidance of $7.250-$7.600 for the period, compared to the Thomson Reuters consensus EPS estimate of $7.430. The company issued revenue guidance of $9.40 billion-$9.60 billion, compared to the consensus revenue estimate of $9.41 billion.

What price target have analysts set for DRI?

26 brokerages have issued 12-month price targets for Darden Restaurants' stock. Their forecasts range from $130.00 to $180.00. On average, they expect Darden Restaurants' stock price to reach $167.54 in the next twelve months. This suggests a possible upside of 15.2% from the stock's current price.
View analysts' price targets for Darden Restaurants
or view top-rated stocks among Wall Street analysts.

Who are Darden Restaurants' key executives?

Darden Restaurants' management team includes the following people:
  • Gene Lee, Chairman & Chief Executive Officer
  • Ricardo Cardenas, President & Chief Operating Officer (LinkedIn Profile)
  • Rajesh Vennam, Chief Financial Officer, Treasurer & Senior VP
  • Chris Chang, Chief Information Officer & Senior Vice President
  • Matthew R. Broad, Secretary, Chief Compliance Officer & Senior VP

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), The Boeing (BA), The Walt Disney (DIS), The 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 number of institutional and retail investors. Top institutional investors include Frontier Capital Management Co. LLC (0.36%), Wedge Capital Management L L P NC (0.15%), Scout Investments Inc. (0.12%), Eastern Bank (0.11%), Strs Ohio (0.10%) and Chevy Chase Trust Holdings Inc. (0.06%). Company insiders that own Darden Restaurants stock include Charles M Sonsteby, Daniel J Kiernan, David C George, 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 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 Robeco Institutional Asset Management B.V., TIAA FSB, Scout Investments Inc., Frontier Capital Management Co. LLC, Wedge Capital Management L L P NC, Thompson Investment Management Inc., Chevy Chase Trust Holdings Inc., and Strs Ohio. Company insiders that have sold Darden Restaurants company stock in the last year include Daniel J Kiernan, Douglas J Milanes, Eugene I Lee Jr, Eugene I Lee, Jr, John W Madonna, 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 bought by a variety of institutional investors in the last quarter, including Virginia Retirement Systems ET AL, QV Investors Inc., Eastern Bank, DekaBank Deutsche Girozentrale, Andesa Financial Management Inc., Crossmark Global Holdings Inc., Private Advisor Group LLC, and Raymond James Trust N.A.. Company insiders that have bought Darden Restaurants stock in the last two years include Charles M Sonsteby, David C George, Eugene I Lee Jr, M Shan Atkins, Matthew R Broad, Ricardo Cardenas, and Todd Burrowes.
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 $145.40.

How much money does Darden Restaurants make?

Darden Restaurants has a market capitalization of $18.87 billion and generates $7.20 billion in revenue each year. The restaurant operator earns $629.30 million in net income (profit) each year or $4.31 on an earnings per share basis.

How many employees does Darden Restaurants have?

Darden Restaurants employs 177,000 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.

When was Darden Restaurants founded?

Darden Restaurants was founded in 1968.

What is Darden Restaurants' official website?

The official website for Darden Restaurants is www.darden.com.

Where are Darden Restaurants' headquarters?

Darden Restaurants is headquartered at 1000 DARDEN CENTER DRIVE, ORLANDO FL, 32837.

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].


This page was last updated on 10/24/2021 by MarketBeat.com Staff

Resources

Premium Research Tools

MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.

Discover All Access

Market Data and Calendars

Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.

View Market Data

Investing Education and Resources

Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.

Financial Terms
Details Here
MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau

© American Consumer News, LLC dba MarketBeat® 2010-2021. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Do Not Sell My Information

© 2021 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer. Fundamental company data provided by Zacks Investment Research.