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Darden Restaurants - DRI Stock Forecast, Price & News

$141.90
-1.64 (-1.14%)
(As of 12/6/2022 02:19 PM ET)
Add
Compare
Today's Range
$141.72
$144.22
50-Day Range
$123.58
$148.39
52-Week Range
$110.96
$155.25
Volume
18,827 shs
Average Volume
977,849 shs
Market Capitalization
$17.37 billion
P/E Ratio
19.68
Dividend Yield
3.33%
Price Target
$145.43

Darden Restaurants MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.80 Rating Score
Upside/​Downside
2.5% Upside
$145.43 Price Target
Short Interest
Healthy
2.93% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-3.04
Upright™ Environmental Score
News Sentiment
-0.04mentions of Darden Restaurants in the last 14 days
Based on 7 Articles This Week
Insider Trading
Selling Shares
$6.09 M Sold Last Quarter
Proj. Earnings Growth
10.69%
From $7.67 to $8.49 Per Share

Overall MarketRank

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

2.66 out of 5 stars

Retail/Wholesale Sector

41st out of 215 stocks

Eating Places Industry

9th out of 43 stocks

DRI stock logo

About Darden Restaurants (NYSE:DRI) Stock

Darden Restaurants, Inc., through its subsidiaries, owns and operates full-service restaurants in the United States and Canada. As of May 29, 2022, it owned and operated 1,867 restaurants, which included 884 under the Olive Garden brand, 546 under the LongHorn Steakhouse brand name, 172 under the Cheddar's Scratch Kitchen brand, 85 under the Yard House brand name, 62 under The Capital Grille brand, 45 under the Seasons 52 brand name, 42 under the Bahama Breeze brand, 28 under the Eddie V's Prime Seafood brand name, and 3 under the Capital Burger brand; and franchised 60 restaurants comprising 35 under the Olive Garden brand, 18 under the LongHorn Steakhouse brand name, 4 under the Cheddar's Scratch Kitchen brand, 2 under The Capital Grille brand name, and 1 under the Bahama Breeze brand.Darden Restaurants, Inc. was founded in 1968 and is based in Orlando, Florida.

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DRI Stock News Headlines

The Cheesecake Factory Shows You Can Have It and Eat It Too (DRI)
Restaurant operator The Cheesecake Factory (NASDAQ: CAKE) stock remains buoyant despite reporting a surprise loss in its Q3 2022 earnings.
The "Trojan Horse" Hiding Inside Of Biden's $2 Trillion Infrastructure Bill.
While the left touts "all about the environment," why is the recent infrastructure bill shuffling PILES of money to this little-known mining industry?
Darden Restaurants (NYSE:DRI) Downgraded by Robert W. Baird
10 Analysts Have This to Say About Darden Restaurants
Without Graphite, There Would Be ZERO EV Batteries!
Investors constantly hear that lithium is the key to powering the transition to green energy. Truth is, today's EV batteries contain more graphite in volume than any other essential ingredients.
I'm Losing My Appetite for Darden Restaurants Shares
3 Stocks That Could Take a Hit From Slowing Inflation
Darden Lands $44 Million Gift From A Grateful Alum
See More Headlines
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DRI Company Calendar

Last Earnings
9/22/2022
Ex-Dividend for 11/1 Dividend
10/07/2022
Dividend Payable
11/01/2022
Dividend Payable
11/01/2022
Today
12/06/2022
Next Earnings (Estimated)
12/16/2022
Fiscal Year End
5/31/2023
Ex-Dividend for 11/1 Dividend
1/01/2100

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
$145.43
High Stock Price Forecast
$160.00
Low Stock Price Forecast
$129.00
Forecasted Upside/Downside
+2.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.80
Research Coverage
20 Analysts

Profitability

Net Income
$952.80 million
Pretax Margin
10.78%

Debt

Sales & Book Value

Annual Sales
$9.63 billion
Cash Flow
$10.41 per share
Book Value
$17.74 per share

Miscellaneous

Free Float
121,249,000
Market Cap
$17.37 billion
Optionable
Optionable
Beta
1.22

Social Links


Key Executives

  • Mr. Ricardo CardenasMr. Ricardo Cardenas (Age 54)
    CEO, Pres & Director
    Comp: $2.32M
  • Mr. Rajesh Vennam (Age 47)
    Sr. VP, CFO & Treasurer
    Comp: $1.56M
  • Mr. John Melvin Martin (Age 61)
    Pres of Specialty Restaurant Group
    Comp: $2.09M
  • Mr. Todd A. BurrowesMr. Todd A. Burrowes (Age 59)
    Pres of Longhorn Steakhouse
    Comp: $1.8M
  • Kyle Holmes
    Managing Partner
  • Mr. Jon Norem
    Managing Partner
  • Mr. John Rucker
    Managing Partner
  • Mr. Christopher Chang
    Sr. VP & Chief Information Officer
  • Mr. Kevin Kalicak
    VP of Investor Relations & Corp. Analysis
  • Mr. Matthew R. BroadMr. Matthew R. Broad (Age 62)
    Sr. VP, Gen. Counsel, Chief Compliance Officer & Corp. Sec.













DRI Stock - Frequently Asked Questions

Should I buy or sell Darden Restaurants stock right now?

20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Darden Restaurants in the last twelve months. There are currently 4 hold ratings and 16 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?

20 brokerages have issued 1 year price targets for Darden Restaurants' stock. Their DRI share price forecasts range from $129.00 to $160.00. On average, they predict the company's share price to reach $145.43 in the next twelve months. This suggests a possible upside of 1.3% 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 2022?

Darden Restaurants' stock was trading at $150.64 on January 1st, 2022. Since then, DRI shares have decreased by 4.7% and is now trading at $143.54.
View the best growth stocks for 2022 here
.

When is Darden Restaurants' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, December 16th 2022.
View our DRI earnings forecast
.

How were Darden Restaurants' earnings last quarter?

Darden Restaurants, Inc. (NYSE:DRI) posted its earnings results on Thursday, September, 22nd. The restaurant operator reported $1.56 earnings per share for the quarter, meeting analysts' consensus estimates of $1.56. The restaurant operator earned $2.45 billion during the quarter, compared to analysts' expectations of $2.47 billion. Darden Restaurants had a net margin of 9.36% and a trailing twelve-month return on equity of 40.33%. Darden Restaurants's revenue was up 6.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.76 EPS.
Read the conference call transcript
.

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

Darden Restaurants declared a quarterly dividend on Thursday, September 22nd. Shareholders of record on Monday, October 10th will be given a dividend of $1.21 per share on Tuesday, November 1st. This represents a $4.84 annualized dividend and a dividend yield of 3.37%. The ex-dividend date of this dividend is Friday, October 7th.
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 3.33%. 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 67.13%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, DRI will have a dividend payout ratio of 57.01% 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 approved a share repurchase plan on Thursday, June 23rd 2022, which allows the company to repurchase $1,000,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to repurchase up to 6.6% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's management 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 Saturday, October, 22nd. The company provided EPS guidance of $7.40-$8.00 for the period, compared to the consensus estimate of $7.70. The company issued revenue guidance of $10.20 billion-$10.40 billion, compared to the consensus revenue estimate of $10.29 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 retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (11.62%), BlackRock Inc. (6.80%), State Street Corp (4.70%), Newport Trust Co (1.76%), Bank of New York Mellon Corp (1.05%) and Boston Partners (0.81%). 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.
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 $143.54.

How much money does Darden Restaurants make?

Darden Restaurants (NYSE:DRI) has a market capitalization of $17.57 billion and generates $9.63 billion in revenue each year. The restaurant operator earns $952.80 million in net income (profit) each year or $7.21 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 12/6/2022 by MarketBeat.com Staff