Darden Restaurants - DRI Stock Forecast, Price & News

20 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Darden Restaurants in the last year. There are currently 4 hold ratings and 16 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" DRI shares.
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20 Wall Street research analysts have issued 1 year price targets for Darden Restaurants' shares. 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 that the stock has a possible downside of 0.0%.
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Darden Restaurants' stock was trading at $150.64 at the beginning of the year. Since then, DRI stock has decreased by 3.4% and is now trading at $145.48.
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The company is scheduled to release its next quarterly earnings announcement on Friday, December 16th 2022.
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Darden Restaurants, Inc. (NYSE:DRI) posted its quarterly earnings results on Thursday, September, 22nd. The restaurant operator reported $1.56 EPS for the quarter, hitting the consensus estimate of $1.56. The restaurant operator had revenue of $2.45 billion for the quarter, compared to analyst estimates of $2.47 billion. Darden Restaurants had a net margin of 9.36% and a trailing twelve-month return on equity of 40.33%. The firm's revenue for the quarter was up 6.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.76 EPS.
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Darden Restaurants declared a quarterly dividend on Thursday, September 22nd. Stockholders of record on Monday, October 10th will be paid a dividend of $1.21 per share on Tuesday, November 1st. This represents a $4.84 annualized dividend and a dividend yield of 3.33%. The ex-dividend date of this dividend is Friday, October 7th.
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 3.32%. 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.

Darden Restaurants announced that its board has authorized a stock repurchase program on Thursday, June 23rd 2022, which authorizes the company to repurchase $1,000,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to purchase up to 6.6% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's board of directors believes its stock is undervalued.

Darden Restaurants issued an update on its FY 2023 earnings guidance on Saturday, October, 22nd. The company provided earnings per share 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.

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 many different institutional and retail 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.
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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 $145.48.

Darden Restaurants (NYSE:DRI) has a market capitalization of $17.81 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.

The company employs 178,956 workers across the globe.

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.