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.
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Industry, Sector and Symbol
Industry Eating places
Sub-IndustryRestaurants
SectorRetail/Wholesale
Phone407-245-4000
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$8.51 billion
Profitability
Miscellaneous
Employees185,000
Next Earnings Date12/17/2019 (Estimated)
OptionableOptionable
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 declared a quarterly dividend on Thursday, September 19th. Stockholders 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 dividend yield of 3.19%. 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 EPS for the quarter, topping the Zacks' 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% compared to the same quarter last year. During the same period in the prior year, the company posted $1.34 EPS. View Darden Restaurants' Earnings History.
When is Darden Restaurants' next earnings date?
What guidance has Darden Restaurants issued on next quarter's earnings?
Darden Restaurants issued an update on its FY20 earnings guidance on Thursday, September, 19th. The company provided EPS guidance of $6.30-6.45 for the period, compared to the Thomson Reuters consensus earnings per share 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?
22 Wall Street analysts have issued 1 year target prices for Darden Restaurants' shares. Their predictions range from $115.00 to $140.00. On average, they expect Darden Restaurants' stock price to reach $128.51 in the next year. This suggests a possible upside of 16.4% from the stock's current price. View Analyst Price Targets for Darden Restaurants.
What is the consensus analysts' recommendation for Darden Restaurants?
22 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Darden Restaurants in the last year. There are currently 1 sell rating, 9 hold ratings and 12 buy ratings for the stock, resulting in a consensus recommendation of "Buy." 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?
News coverage about DRI stock has been trending somewhat negative on Saturday, according to InfoTrie Sentiment Analysis. The research group identifies positive and negative news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Darden Restaurants earned a news impact score of -1.5 on InfoTrie's scale. They also assigned press coverage about the restaurant operator a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the stock's share price in the immediate future. View News Stories for Darden Restaurants.
Are investors shorting Darden Restaurants?
Darden Restaurants saw a decrease in short interest during the month of September. As of September 30th, there was short interest totalling 5,830,000 shares, a decrease of 12.9% from the August 30th total of 6,690,000 shares. Based on an average daily trading volume, of 1,240,000 shares, the days-to-cover ratio is currently 4.7 days. Approximately 4.8% of the shares of the company are sold short. View Darden Restaurants' Current Options Chain.
Who are some of Darden Restaurants' key competitors?
Some companies that are related to Darden Restaurants include Yum! Brands (YUM), Chipotle Mexican Grill (CMG), Restaurant Brands International (QSR), Yum China (YUMC), Aramark (ARMK), Cracker Barrel Old Country Store (CBRL), Texas Roadhouse (TXRH), Wingstop (WING), Main Street Capital (MAIN), Jack in the Box (JACK), Papa John's Int'l (PZZA), Cheesecake Factory (CAKE), Bloomin' Brands (BLMN), Brinker International (EAT) and Arcos Dorados (ARCO).
What other stocks do shareholders of Darden Restaurants own?
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 a number of of institutional and retail investors. Top institutional shareholders include Robeco Institutional Asset Management B.V. (0.75%), PGGM Investments (0.36%), Scout Investments Inc. (0.24%), Zurcher Kantonalbank Zurich Cantonalbank (0.09%), State of Alaska Department of Revenue (0.07%) and Gradient Investments LLC (0.06%). Company insiders that own Darden Restaurants stock include Daniel J Kiernan, David C George, Douglas J Milanes, Eugene I Lee Jr, John W Madonna, Ricardo Cardenas 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., Moody National Bank Trust Division, State of Alaska Department of Revenue, First Citizens Bank & Trust Co., Gateway Investment Advisers LLC, Gradient Investments LLC, Wealthfront Advisers LLC and First Midwest Bank Trust Division. 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, Ricardo Cardenas and William S Simon. View Insider Buying and Selling for Darden Restaurants.
Which major investors are buying Darden Restaurants stock?
DRI stock was acquired by a variety of institutional investors in the last quarter, including PGGM Investments, Scout Investments Inc., Envestnet Asset Management Inc., Assenagon Asset Management S.A., Cerebellum GP LLC, Fulton Breakefield Broenniman LLC, Camelot Portfolios LLC and Park Avenue Securities LLC. 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 $110.45.
How big of a company is Darden Restaurants?
Darden Restaurants has a market capitalization of $13.54 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?
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)
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.
