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Darden Restaurants - DRI Stock Forecast, Price & News

$148.55
+0.18 (+0.12%)
(As of 01/30/2023 01:33 PM ET)
Add
Compare
Today's Range
$147.67
$149.56
50-Day Range
$137.31
$150.31
52-Week Range
$110.96
$152.08
Volume
278,704 shs
Average Volume
1.03 million shs
Market Capitalization
$18.08 billion
P/E Ratio
20.49
Dividend Yield
3.26%
Price Target
$152.04

Darden Restaurants MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.78 Rating Score
Upside/​Downside
2.5% Upside
$152.04 Price Target
Short Interest
Healthy
2.60% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-3.04
Upright™ Environmental Score
News Sentiment
0.60mentions of Darden Restaurants in the last 14 days
Based on 10 Articles This Week
Insider Trading
Selling Shares
$1.68 M Sold Last Quarter
Proj. Earnings Growth
10.26%
From $7.80 to $8.60 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.59 out of 5 stars

Retail/Wholesale Sector

38th out of 214 stocks

Eating Places Industry

7th out of 42 stocks


DRI stock logo

About Darden Restaurants (NYSE:DRI) Stock

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 consists 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.

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DRI Stock News Headlines

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See More Headlines
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DRI Company Calendar

Ex-Dividend for 11/1 Dividend
10/07/2022
Dividend Payable
11/01/2022
Last Earnings
12/16/2022
Ex-Dividend for 2/1 Dividend
1/09/2023
Today
1/30/2023
Dividend Payable
2/01/2023
Next Earnings (Estimated)
3/23/2023
Fiscal Year End
5/31/2023

Industry, Sector and Symbol

Industry
Eating places
Sub-Industry
Restaurants
CUSIP
23719410
Employees
178,956
Year Founded
1968

Price Target and Rating

Average Stock Price Forecast
$152.04
High Stock Price Forecast
$168.00
Low Stock Price Forecast
$129.00
Forecasted Upside/Downside
+2.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.78
Research Coverage
23 Analysts

Profitability

Net Income
$952.80 million
Pretax Margin
10.42%

Debt

Sales & Book Value

Annual Sales
$9.63 billion
Cash Flow
$10.69 per share
Book Value
$17.74 per share

Miscellaneous

Free Float
120,573,000
Market Cap
$18.08 billion
Optionable
Optionable
Beta
1.21

Social Links


Key Executives

  • Ricardo CardenasRicardo Cardenas
    President, CEO, COO & Director
  • Rajesh Vennam
    Chief Financial Officer, Treasurer & Senior VP
  • Chris Chang
    Chief Information Officer & Senior Vice President
  • Matthew R. BroadMatthew R. Broad
    Secretary, Chief Compliance Officer & Senior VP
  • William R. White
    Senior Vice President













DRI Stock - Frequently Asked Questions

Should I buy or sell Darden Restaurants stock right now?

23 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Darden Restaurants in the last twelve months. There are currently 5 hold ratings and 18 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" DRI shares.
View DRI analyst ratings
or view top-rated stocks.

What is Darden Restaurants' stock price forecast for 2023?

23 brokerages have issued 12 month price targets for Darden Restaurants' shares. Their DRI share price forecasts range from $129.00 to $168.00. On average, they expect the company's stock price to reach $152.04 in the next twelve months. This suggests a possible upside of 2.5% from the stock's current price.
View analysts price targets for DRI
or view top-rated stocks among Wall Street analysts.

How have DRI shares performed in 2023?

Darden Restaurants' stock was trading at $138.33 at the beginning of the year. Since then, DRI shares have increased by 7.3% and is now trading at $148.37.
View the best growth stocks for 2023 here
.

Are investors shorting Darden Restaurants?

Darden Restaurants saw a increase in short interest during the month of January. As of January 15th, there was short interest totaling 3,150,000 shares, an increase of 13.7% from the December 31st total of 2,770,000 shares. Based on an average daily volume of 1,150,000 shares, the days-to-cover ratio is currently 2.7 days. Approximately 2.6% of the company's shares are short sold.
View Darden Restaurants' Short Interest
.

When is Darden Restaurants' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, March 23rd 2023.
View our DRI earnings forecast
.

How were Darden Restaurants' earnings last quarter?

Darden Restaurants, Inc. (NYSE:DRI) posted its quarterly earnings results on Friday, December, 16th. The restaurant operator reported $1.52 EPS for the quarter, beating analysts' consensus estimates of $1.41 by $0.11. The restaurant operator earned $2.49 billion during the quarter, compared to analysts' expectations of $2.43 billion. Darden Restaurants had a trailing twelve-month return on equity of 42.51% and a net margin of 9.10%.

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

Darden Restaurants announced a quarterly dividend on Friday, December 16th. Investors of record on Tuesday, January 10th will be paid a dividend of $1.21 per share on Wednesday, February 1st. This represents a $4.84 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date is Monday, January 9th.
Read our dividend analysis for DRI
.

Is Darden Restaurants a good dividend stock?

Darden Restaurants (NYSE:DRI) pays an annual dividend of $4.84 per share and currently has a dividend yield of 3.26%. 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 66.76%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, DRI will have a dividend payout ratio of 56.28% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for DRI.

How will Darden Restaurants' stock buyback program work?

Darden Restaurants declared that its Board of Directors has initiated a stock buyback program 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 purchase up to 6.6% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board believes its stock is undervalued.

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

Darden Restaurants updated its FY 2023 earnings guidance on Friday, December, 16th. The company provided EPS guidance of $7.60-$8.00 for the period, compared to the consensus estimate of $7.71. The company issued revenue guidance of $10.30 billion-$10.45 billion, compared to the consensus revenue estimate of $10.31 billion.

What is Gene Lee's approval rating as Darden Restaurants' CEO?

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.

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), 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).

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 Congress Asset Management Co. MA (0.52%), Natixis Advisors L.P. (0.37%), Ardevora Asset Management LLP (0.16%), AEGON ASSET MANAGEMENT UK Plc (0.15%), New York State Teachers Retirement System (0.13%) and Strs Ohio (0.10%). Insiders that own company stock include 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, Richard L Renninger, Sarah H King, Susan M Connelly, Timothy J Wilmott, Todd Burrowes and William S Simon.
View institutional ownership trends
.

How do I buy shares of Darden Restaurants?

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.
Compare Top Brokerages Here.

What is Darden Restaurants' stock price today?

One share of DRI stock can currently be purchased for approximately $148.37.

How much money does Darden Restaurants make?

Darden Restaurants (NYSE:DRI) has a market capitalization of $18.06 billion and generates $9.63 billion in revenue each year. The restaurant operator earns $952.80 million in net income (profit) each year or $7.25 on an earnings per share basis.

How many employees does Darden Restaurants have?

The company employs 178,956 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.
Read More
How can I contact Darden Restaurants?

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.

This page (NYSE:DRI) was last updated on 1/30/2023 by MarketBeat.com Staff