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NYSE:DRI

Darden Restaurants Stock Forecast, Price & News

$95.40
-4.13 (-4.15 %)
(As of 10/26/2020 12:00 AM ET)
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Today's Range
$94.02
Now: $95.40
$98.72
50-Day Range
$86.80
MA: $96.48
$104.88
52-Week Range
$26.15
Now: $95.40
$124.01
Volume1.43 million shs
Average Volume2.81 million shs
Market Capitalization$12.42 billion
P/E RatioN/A
Dividend Yield1.21%
Beta1.25
Darden Restaurants, Inc., through its subsidiaries, owns and operates full-service restaurants in the United States and Canada. As of May 31, 2020, it owned and operated approximately 1,804 restaurants, which included 868 under the Olive Garden, 522 under the LongHorn Steakhouse, 165 under the Cheddar's Scratch Kitchen, 81 under the Yard House, 60 under The Capital Grille, 44 under the Seasons 52, 41 under the Bahama Breeze, and 23 under the Eddie V's Prime Seafood brands. The company was founded in 1968 and is based in Orlando, Florida.
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Darden Restaurants logo

Beat the Market (BTM) Rank

Analyst Opinion: 2.3Community Rank: 2.6Dividend Strength: 1.7Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.89 out of 5 stars

Industry, Sector and Symbol

Industry Eating places
Sub-IndustryRestaurants
CUSIP23719410
Phone407-245-4000
Employees177,000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$7.81 billion
Cash Flow$5.66 per share
Book Value$18.24 per share

Profitability

Net Income$-52,400,000.00

Miscellaneous

Market Cap$12.42 billion
Next Earnings Date12/17/2020 (Estimated)
OptionableOptionable
$95.40
-4.13 (-4.15 %)
(As of 10/26/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Darden Restaurants (NYSE:DRI) Frequently Asked Questions

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

Darden Restaurants' stock was trading at $70.21 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, DRI shares have increased by 35.9% and is now trading at $95.40.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Darden Restaurants?

32 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Darden Restaurants in the last year. There are currently 13 hold ratings and 19 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Darden Restaurants
.

When is Darden Restaurants' next earnings date?

Darden Restaurants is scheduled to release its next quarterly earnings announcement on Thursday, December 17th 2020.
View our earnings forecast for Darden Restaurants
.

How were Darden Restaurants' earnings last quarter?

Darden Restaurants, Inc. (NYSE:DRI) issued its earnings results on Thursday, September, 24th. The restaurant operator reported $0.56 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.05 by $0.51. The restaurant operator had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.55 billion. Darden Restaurants had a positive return on equity of 12.45% and a negative net margin of 2.60%. Darden Restaurants's quarterly revenue was down 28.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.38 EPS.
View Darden Restaurants' earnings history
.

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

Darden Restaurants announced a quarterly dividend on Thursday, September 24th. Stockholders of record on Friday, October 9th will be given a dividend of $0.30 per share on Monday, November 2nd. This represents a $1.20 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date is Thursday, October 8th.
View Darden Restaurants' dividend history
.

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

Darden Restaurants issued an update on its second quarter earnings guidance on Thursday, September, 24th. The company provided EPS guidance of $0.65-0.75 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.37. The company issued revenue guidance of $1.685 billion, compared to the consensus revenue estimate of $1.77 billion.

What price target have analysts set for DRI?

32 brokerages have issued 1-year price targets for Darden Restaurants' stock. Their forecasts range from $50.00 to $135.00. On average, they expect Darden Restaurants' stock price to reach $100.06 in the next year. This suggests a possible upside of 4.9% from the stock's current price.
View analysts' price targets for Darden Restaurants
.

Are investors shorting Darden Restaurants?

Darden Restaurants saw a drop in short interest in the month of September. As of September 15th, there was short interest totaling 5,610,000 shares, a drop of 10.0% from the August 31st total of 6,230,000 shares. Based on an average trading volume of 2,440,000 shares, the days-to-cover ratio is currently 2.3 days.
View Darden Restaurants' Short Interest
.

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 NVIDIA (NVDA), The Boeing (BA), The Walt Disney (DIS), Home Depot (HD), Intel (INTC), Johnson & Johnson (JNJ), Micron Technology (MU), Paypal (PYPL), Alibaba Group (BABA) and JPMorgan Chase & Co. (JPM).

Who are Darden Restaurants' key executives?

Darden Restaurants' management team includes the following people:
  • Mr. Eugene I. Lee Jr., Pres, CEO & Director (Age 58, Pay $3.51M)
  • Mr. Ricardo Cardenas, Sr. VP & CFO (Age 52, Pay $1.65M)
  • Mr. Todd A. Burrowes, Pres of Longhorn Steakhouse (Age 57, Pay $1.68M)
  • Mr. Daniel J. Kiernan, Pres of Olive Garden (Age 59, Pay $1.23M)
  • Kyle Holmes, Managing Partner

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 variety of institutional and retail investors. Top institutional shareholders include Scout Investments Inc. (0.21%), QV Investors Inc. (0.11%), Polaris Wealth Advisory Group LLC (0.07%), Standard Life Aberdeen plc (0.04%), Thompson Investment Management Inc. (0.04%) and Retirement Systems of Alabama (0.04%). Company insiders that own Darden Restaurants stock include Charles M Sonsteby, Daniel J Kiernan, David C George, Douglas J Milanes, Eugene I Lee Jr, John W Madonna, M Shan Atkins, Matthew R Broad, Nana Mensah, Ricardo Cardenas, 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 Candriam Luxembourg S.C.A., Ziegler Capital Management LLC, Fortem Financial Group LLC, Polaris Wealth Advisory Group LLC, Redpoint Investment Management Pty Ltd, Farmers & Merchants Trust Co of Chambersburg PA, State of Alaska Department of Revenue, and First Citizens Bank & Trust Co..
View insider buying and selling activity for Darden Restaurants
.

Which major investors are buying Darden Restaurants stock?

DRI stock was purchased by a variety of institutional investors in the last quarter, including QV Investors Inc., International Assets Investment Management LLC, Alberta Investment Management Corp, CX Institutional, Forsta AP Fonden, Nelson Van Denburg & Campbell Wealth Management Group LLC, Avantax Advisory Services Inc., and Peregrine Capital Management LLC. 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
.

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 $95.40.

How big of a company is Darden Restaurants?

Darden Restaurants has a market capitalization of $12.42 billion and generates $7.81 billion in revenue each year. The restaurant operator earns $-52,400,000.00 in net income (profit) each year or $3.13 on an earnings per share basis. Darden Restaurants employs 177,000 workers across the globe.

What is Darden Restaurants' official website?

The official website for Darden Restaurants is 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]

This page was last updated on 10/27/2020 by MarketBeat.com Staff

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