Darden Restaurants - DRI Stock Forecast, Price & News

20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Darden Restaurants in the last twelve months. There are currently 3 hold ratings and 17 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" DRI shares.
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20 analysts have issued twelve-month price objectives for Darden Restaurants' stock. Their DRI share price forecasts range from $122.00 to $160.00. On average, they anticipate the company's share price to reach $141.65 in the next year. This suggests a possible upside of 12.6% from the stock's current price.
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Darden Restaurants' stock was trading at $150.64 on January 1st, 2022. Since then, DRI shares have decreased by 16.5% and is now trading at $125.79.
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Darden Restaurants is scheduled to release its next quarterly earnings announcement on Thursday, September 22nd 2022.
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Darden Restaurants, Inc. (NYSE:DRI) announced its earnings results on Thursday, June, 23rd. The restaurant operator reported $2.24 earnings per share for the quarter, topping analysts' consensus estimates of $2.21 by $0.03. The restaurant operator earned $2.60 billion during the quarter, compared to analyst estimates of $2.54 billion. Darden Restaurants had a trailing twelve-month return on equity of 39.05% and a net margin of 9.89%.

Darden Restaurants announced a quarterly dividend on Thursday, June 23rd. Stockholders of record on Friday, July 8th will be given a dividend of $1.21 per share on Monday, August 1st. This represents a $4.84 dividend on an annualized basis and a yield of 3.85%. The ex-dividend date is Thursday, July 7th. This is a boost from the stock's previous quarterly dividend of $1.10.
Read our dividend analysis for DRI.

Darden Restaurants (NYSE:DRI) pays an annual dividend of $4.84 per share and currently has a dividend yield of 3.86%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 65.41%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, DRI will have a dividend payout ratio of 57.21% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for DRI.

Darden Restaurants announced that its board has authorized a share buyback plan on Thursday, June 23rd 2022, which permits the company to buyback $1,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to buy up to 6.6% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's board believes its stock is undervalued.

Darden Restaurants issued an update on its FY 2023 earnings guidance on Thursday, July, 21st. The company provided earnings per share guidance of $7.40-$8.00 for the period, compared to the consensus estimate of $8.15. The company issued revenue guidance of $10.20 billion-$10.40 billion, compared to the consensus revenue estimate of $10.22 billion.

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.

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).

Darden Restaurants trades on the New York Stock Exchange (NYSE) under the ticker symbol "DRI."

Darden Restaurants' stock is owned by a number of institutional and retail investors. Top institutional investors include Congress Asset Management Co. MA (0.50%), Swiss National Bank (0.45%), Ardevora Asset Management LLP (0.38%), Sumitomo Mitsui Trust Holdings Inc. (0.31%), TCW Group Inc. (0.28%) and Frontier Capital Management Co. LLC (0.23%). Insiders that own company stock include Charles M Sonsteby, Daniel J Kiernan, David C George, Douglas J Milanes, Douglas J Milanes, Eugene I Lee Jr, Eugene I Lee, Jr, John W Madonna, Juliana L Chugg, M Shan Atkins, Matthew R Broad, Melvin John Martin, Nana Mensah, Ricardo Cardenas, Sarah H King, Susan M Connelly, Timothy J Wilmott, Todd Burrowes and William S Simon.
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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.
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One share of DRI stock can currently be purchased for approximately $125.79.

Darden Restaurants (NYSE:DRI) has a market capitalization of $15.59 billion and generates $9.63 billion in revenue each year. The restaurant operator earns $952.80 million in net income (profit) each year or $7.40 on an earnings per share basis.

Darden Restaurants employs 178,956 workers across the globe.

Darden Restaurants was founded in 1968.

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.