NYSE:DRI - Darden Restaurants Stock Price, News, & Analysis

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$124.78 +1.87 (+1.52 %)
(As of 05/22/2019 02:39 AM ET)
Previous Close$122.91
Today's Range$123.10 - $125.33
52-Week Range$84.62 - $125.33
Volume1.70 million shs
Average Volume1.26 million shs
Market Capitalization$15.34 billion
P/E Ratio25.94
Dividend Yield2.44%
Beta0.29
Darden Restaurants, Inc., through its subsidiaries, owns and operates full-service restaurants in the United States and Canada. As of May 27, 2018, it owned and operated approximately 1,746 restaurants under the Olive Garden, LongHorn Steakhouse, Cheddar's Scratch Kitchen, Yard House, The Capital Grille, Bahama Breeze, Seasons 52, and Eddie V's brands. The company was founded in 1968 and is based in Orlando, Florida.

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Industry, Sector and Symbol

Industry Eating places
Sub-IndustryRestaurants
SectorRetail/Wholesale
CUSIP23719410
Phone407-245-4000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$8.08 billion
Cash Flow$7.76 per share
Book Value$17.77 per share

Profitability

Net Income$596 million

Miscellaneous

Employees180,000
Market Cap$15.34 billion
Next Earnings Date6/20/2019 (Estimated)
OptionableOptionable

Darden Restaurants (NYSE:DRI) Frequently Asked Questions

What is Darden Restaurants' stock symbol?

Darden Restaurants trades on the New York Stock Exchange (NYSE) under the ticker symbol "DRI."

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

Darden Restaurants announced a quarterly dividend on Thursday, March 21st. Shareholders of record on Wednesday, April 10th will be given a dividend of $0.75 per share on Wednesday, May 1st. This represents a $3.00 annualized dividend and a dividend yield of 2.40%. The ex-dividend date is Tuesday, April 9th. View Darden Restaurants' Dividend History.

How were Darden Restaurants' earnings last quarter?

Darden Restaurants, Inc. (NYSE:DRI) issued its earnings results on Thursday, March, 21st. The restaurant operator reported $1.80 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $1.75 by $0.05. The restaurant operator earned $2.25 billion during the quarter, compared to analyst estimates of $2.24 billion. Darden Restaurants had a return on equity of 30.28% and a net margin of 8.08%. The business's revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.71 earnings per share. View Darden Restaurants' Earnings History.

When is Darden Restaurants' next earnings date?

Darden Restaurants is scheduled to release their next quarterly earnings announcement on Thursday, June 20th 2019. View Earnings Estimates for Darden Restaurants.

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

Darden Restaurants issued an update on its FY19 earnings guidance on Thursday, March, 21st. The company provided earnings per share guidance of $5.76-5.80 for the period, compared to the Thomson Reuters consensus EPS estimate of $5.70. The company issued revenue guidance of +5.5% to approximately $8.52 billion, compared to the consensus revenue estimate of $8.52 billion.Darden Restaurants also updated its FY 2019 guidance to $5.76-5.80 EPS.

What price target have analysts set for DRI?

24 brokerages have issued 1 year target prices for Darden Restaurants' shares. Their predictions range from $94.00 to $240.00. On average, they expect Darden Restaurants' stock price to reach $129.2174 in the next twelve months. This suggests a possible upside of 3.6% from the stock's current price. View Analyst Price Targets for Darden Restaurants.

What is the consensus analysts' recommendation for Darden Restaurants?

24 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Darden Restaurants in the last year. There are currently 1 sell rating, 6 hold ratings and 17 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Darden Restaurants.

What are Wall Street analysts saying about Darden Restaurants stock?

Here are some recent quotes from research analysts about Darden Restaurants stock:
  • 1. According to Zacks Investment Research, "Shares of Darden have outperformed the industry in a year. Darden’s earnings met/surpassed the Zacks Consensus Estimate for 18 straight quarters. Estimates for current quarter and year have increased over the past 60 days. Backed by its various sales initiatives and technology-driven moves, the top line is likely to improve in the months ahead. The company’s efforts to check costs are commendable. In fiscal 2018, management realized roughly $10 million of cost synergies and expects to realize the same in the range of $22-$27 million by the end of fiscal 2019. Further, the Cheddar's buyout has added value to Darden's portfolio of differentiated brands. Current-year earnings estimates have also moved north over the past month. However, fierce competition and softer-than-expected consumer demand might keep comps under pressure. Also, rising labor costs and a non-franchised business model may dampen profits." (5/13/2019)
  • 2. Maxim Group analysts commented, "We maintain our Buy rating on Darden Restaurants (DRI) and raise our price target to $128, from $122, ahead of the release of F3Q19 (February) results on Thursday, March 21 before the open." (3/19/2019)

Has Darden Restaurants been receiving favorable news coverage?

News stories about DRI stock have trended neutral recently, according to InfoTrie. The research firm identifies negative and positive press coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Darden Restaurants earned a daily sentiment score of 0.2 on InfoTrie's scale. They also assigned news stories about the restaurant operator a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an impact on the stock's share price in the immediate future.

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 Home Depot (HD), Johnson & Johnson (JNJ), Cisco Systems (CSCO), Tesla (TSLA), Boeing (BA), Walt Disney (DIS), NVIDIA (NVDA), Mcdonald's (MCD), AT&T (T) and AbbVie (ABBV).

Who are Darden Restaurants' key executives?

Darden Restaurants' management team includes the folowing people:
  • Mr. Eugene I. Lee Jr., Pres, CEO & Director (Age 57)
  • Mr. Ricardo Cardenas, Sr. VP & CFO (Age 51)
  • Mr. David C. George, Exec. VP & COO (Age 63)
  • Mr. Matthew R. Broad, Sr. VP, Gen. Counsel, Chief Compliance Officer & Corp. Sec. (Age 59)
  • Mr. Todd A. Burrowes, Pres of Longhorn Steakhouse (Age 56)

Who are Darden Restaurants' major shareholders?

Darden Restaurants' stock is owned by many different of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (9.10%), AQR Capital Management LLC (2.15%), Newport Trust Co (2.11%), Wells Fargo & Company MN (1.59%), Geode Capital Management LLC (1.54%) and Northern Trust Corp (1.52%). Company insiders that own Darden Restaurants stock include Daniel J Kiernan, David C George, Douglas J Milanes, Eugene I Lee Jr, John W Madonna, Ricardo Cardenas 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 AQR Capital Management LLC, BlackRock Inc., Goldman Sachs Group Inc., Renaissance Technologies LLC, Morgan Stanley, Ackerman Capital Advisors LLC, Wells Fargo & Company MN and Bridgewater Associates LP. Company insiders that have sold Darden Restaurants company stock in the last year include Daniel J Kiernan, David C George, Douglas J Milanes, Eugene I Lee Jr, John W Madonna, Ricardo Cardenas and William S Simon. View Insider Buying and Selling for Darden Restaurants.

Which institutional investors are buying Darden Restaurants stock?

DRI stock was purchased by a variety of institutional investors in the last quarter, including American Century Companies Inc., Nordea Investment Management AB, Voya Investment Management LLC, Polaris Greystone Financial Group LLC, Charles Schwab Investment Management Inc., Inverness Counsel LLC NY, Lazard Asset Management LLC and Waratah Capital Advisors Ltd.. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.

What is Darden Restaurants' stock price today?

One share of DRI stock can currently be purchased for approximately $124.78.

How big of a company is Darden Restaurants?

Darden Restaurants has a market capitalization of $15.34 billion and generates $8.08 billion in revenue each year. The restaurant operator earns $596 million in net income (profit) each year or $4.81 on an earnings per share basis. Darden Restaurants employs 180,000 workers across the globe.

What is Darden Restaurants' official website?

The official website for Darden Restaurants is http://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]


MarketBeat Community Rating for Darden Restaurants (NYSE DRI)

Community Ranking:  2.6 out of 5 (star star)
Outperform Votes:  869 (Vote Outperform)
Underperform Votes:  781 (Vote Underperform)
Total Votes:  1,650
MarketBeat's community ratings are surveys of what our community members think about Darden Restaurants and other stocks. Vote "Outperform" if you believe DRI will outperform the S&P 500 over the long term. Vote "Underperform" if you believe DRI will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 5/22/2019 by MarketBeat.com Staff

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