S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68

Darden Restaurants (DRI) Stock Forecast, Price & News

$116.25
-0.42 (-0.36%)
(As of 05/20/2022 12:00 AM ET)
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Today's Range
$113.54
$118.87
50-Day Range
$116.67
$138.13
52-Week Range
$113.54
$164.28
Volume
1.74 million shs
Average Volume
1.28 million shs
Market Capitalization
$14.50 billion
P/E Ratio
14.64
Dividend Yield
3.77%
Beta
1.32
30 days | 90 days | 365 days | Advanced Chart
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Darden Restaurants logo

About Darden Restaurants

Darden Restaurants, Inc., through its subsidiaries, owns and operates full-service restaurants in the United States and Canada. As of May 30, 2021, it owned and operated 1,834 restaurants, which included 875 under the Olive Garden, 533 under the LongHorn Steakhouse, 170 under the Cheddar's Scratch Kitchen, 81 under the Yard House, 63 under The Capital Grille, 44 under the Seasons 52, 42 under the Bahama Breeze, and 26 under the Eddie V's Prime Seafood brands. The company was founded in 1968 and is based in Orlando, Florida.

Headlines

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Industry, Sector and Symbol

Industry
Eating places
Sub-Industry
Restaurants
CUSIP
23719410
Employees
160,000
Year Founded
1968

Sales & Book Value

Annual Sales
$7.20 billion
Cash Flow
$6.84 per share
Book Value
$21.51 per share

Profitability

Net Income
$629.30 million
Pretax Margin
11.61%

Debt

Price-To-Earnings

Miscellaneous

Free Float
123,549,000
Market Cap
$14.50 billion
Optionable
Optionable

Company Calendar

Last Earnings
3/24/2022
Ex-Dividend for 5/2 Dividend
4/07/2022
Dividend Payable
5/02/2022
Today
5/20/2022
Fiscal Year End
5/31/2022
Next Earnings (Estimated)
6/23/2022

Social Links


MarketRank

Overall MarketRank

3.40 out of 5 stars

Retail/Wholesale Sector

14th out of 283 stocks

Eating Places Industry

2nd out of 55 stocks

Analyst Opinion: 4.4Community Rank: 4.7Dividend Strength: 3.3Insider Behavior: 3.3Valuation: 1.3 5 -4 -3 -2 -1 -













Darden Restaurants (NYSE:DRI) Frequently Asked Questions

Is Darden Restaurants a buy right now?

20 Wall Street research 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 research analysts is that investors should "buy" Darden Restaurants stock.
View analyst ratings for Darden Restaurants
or view top-rated stocks.

Are investors shorting Darden Restaurants?

Darden Restaurants saw a increase in short interest in April. As of April 15th, there was short interest totaling 4,510,000 shares, an increase of 17.1% from the March 31st total of 3,850,000 shares. Based on an average daily trading volume, of 1,360,000 shares, the days-to-cover ratio is presently 3.3 days. Approximately 3.6% of the shares of the company are sold short.
View Darden Restaurants' Short Interest
.

When is Darden Restaurants' next earnings date?

Darden Restaurants is scheduled to release its next quarterly earnings announcement on Thursday, June 23rd 2022.
View our earnings forecast for Darden Restaurants
.

How were Darden Restaurants' earnings last quarter?

Darden Restaurants, Inc. (NYSE:DRI) announced its quarterly earnings results on Thursday, March, 24th. The restaurant operator reported $1.93 EPS for the quarter, missing the consensus estimate of $2.09 by $0.16. The restaurant operator had revenue of $2.45 billion for the quarter, compared to the consensus estimate of $2.50 billion. Darden Restaurants had a net margin of 11.17% and a trailing twelve-month return on equity of 36.26%. Darden Restaurants's revenue for the quarter was up 41.3% on a year-over-year basis. During the same quarter last year, the business earned $0.98 EPS.
View Darden Restaurants' earnings history
.

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

Darden Restaurants declared a quarterly dividend on Thursday, March 24th. Stockholders of record on Friday, April 8th will be paid a dividend of $1.10 per share on Monday, May 2nd. This represents a $4.40 annualized dividend and a yield of 3.78%. The ex-dividend date is Thursday, April 7th.
View Darden Restaurants' dividend history
.

Is Darden Restaurants a good dividend stock?

Darden Restaurants pays an annual dividend of $4.40 per share and currently has a dividend yield of 3.77%. Darden Restaurants does not yet have a strong track record of dividend growth. The dividend payout ratio of Darden Restaurants is 55.42%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Darden Restaurants will have a dividend payout ratio of 52.76% next year. This indicates that Darden Restaurants will be able to sustain or increase its dividend.
View Darden Restaurants' dividend history.

How will Darden Restaurants' stock buyback program work?

Darden Restaurants declared that its board has authorized a share repurchase plan on Thursday, September 23rd 2021, which authorizes the company to buyback $750,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to buy up to 3.6% of its stock through open market purchases. Stock buyback plans are often a sign that the company's board of directors believes its stock is undervalued.

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

Darden Restaurants issued an update on its FY 2022 earnings guidance on Thursday, April, 21st. The company provided EPS guidance of $7.300-$7.450 for the period, compared to the consensus earnings per share estimate of $7.500. The company issued revenue guidance of $9.55 billion-$9.62 billion, compared to the consensus revenue estimate of $9.61 billion.

What price target have analysts set for DRI?

20 Wall Street analysts have issued 12-month price targets for Darden Restaurants' shares. Their forecasts range from $140.00 to $180.00. On average, they expect Darden Restaurants' share price to reach $162.63 in the next year. This suggests a possible upside of 39.9% from the stock's current price.
View analysts' price targets for Darden Restaurants
or view top-rated stocks among Wall Street analysts.

Who are Darden Restaurants' key executives?
Darden Restaurants' management team includes the following people:
What is Gene Lee's approval rating as Darden Restaurants' CEO?

333 employees have rated Darden Restaurants CEO Gene Lee on Glassdoor.com. Gene Lee has an approval rating of 88% among Darden Restaurants' 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 many different retail and institutional investors. Top institutional shareholders include Capital International Investors (12.69%), Capital World Investors (12.54%), Vanguard Group Inc. (11.52%), BlackRock Inc. (6.70%), State Street Corp (4.33%) and Newport Trust Co (1.74%). Company insiders that own Darden Restaurants stock include Daniel J Kiernan, 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, Todd Burrowes and William S Simon.
View institutional ownership trends for Darden Restaurants
.

Which institutional investors are selling Darden Restaurants stock?

DRI stock was sold by a variety of institutional investors in the last quarter, including Allianz Asset Management GmbH, Capital World Investors, BlackRock Inc., Migdal Insurance & Financial Holdings Ltd., State Street Corp, JPMorgan Chase & Co., Waratah Capital Advisors Ltd., and Group One Trading L.P.. Company insiders that have sold Darden Restaurants company stock in the last year include Douglas J Milanes, Eugene I Lee Jr, Eugene I Lee, Jr, John W Madonna, M Shan Atkins, Melvin John Martin, Ricardo Cardenas, Sarah H King, Todd Burrowes, and William S Simon.
View insider buying and selling activity for Darden Restaurants
or view top insider-selling stocks.

Which institutional investors are buying Darden Restaurants stock?

DRI stock was purchased by a variety of institutional investors in the last quarter, including Capital International Investors, Ardevora Asset Management LLP, Wellington Management Group LLP, Vanguard Group Inc., APG Asset Management N.V., Invesco Ltd., Arrowstreet Capital Limited Partnership, and Victory Capital Management Inc.. Company insiders that have bought Darden Restaurants stock in the last two years include Eugene I Lee Jr, and Juliana L Chugg.
View insider buying and selling activity for Darden Restaurants
or or view top insider-buying stocks.

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 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 $116.25.

How much money does Darden Restaurants make?

Darden Restaurants has a market capitalization of $14.50 billion and generates $7.20 billion in revenue each year. The restaurant operator earns $629.30 million in net income (profit) each year or $7.939990 on an earnings per share basis.

How many employees does Darden Restaurants have?

Darden Restaurants employs 160,000 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.

When was Darden Restaurants founded?

Darden Restaurants was founded in 1968.

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, via email at [email protected], or via fax at 407-245-4989.

This page was last updated on 5/21/2022 by MarketBeat.com Staff

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