Darden Restaurants Stock Forecast, Price & News

27 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Darden Restaurants in the last year. There are currently 5 hold ratings and 22 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Darden Restaurants stock.
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Darden Restaurants saw a increase in short interest in the month of July. As of July 15th, there was short interest totaling 3,980,000 shares, an increase of 38.7% from the June 30th total of 2,870,000 shares. Based on an average daily volume of 1,490,000 shares, the short-interest ratio is currently 2.7 days. Approximately 3.1% of the company's shares are sold short.
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Darden Restaurants is scheduled to release its next quarterly earnings announcement on Thursday, September 23rd 2021.
View our earnings forecast for Darden Restaurants.

Darden Restaurants, Inc. (NYSE:DRI) announced its quarterly earnings data on Wednesday, June, 23rd. The restaurant operator reported $2.03 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $1.80 by $0.23. The restaurant operator had revenue of $2.28 billion for the quarter, compared to analyst estimates of $2.20 billion. Darden Restaurants had a net margin of 8.74% and a trailing twelve-month return on equity of 22.25%. The business's revenue for the quarter was up 79.5% compared to the same quarter last year. During the same period in the prior year, the business posted ($1.24) EPS.
View Darden Restaurants' earnings history.

Darden Restaurants' stock was trading at $70.21 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, DRI stock has increased by 111.1% and is now trading at $148.20.
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Darden Restaurants announced a quarterly dividend on Thursday, June 24th. Stockholders of record on Friday, July 9th will be given a dividend of $1.10 per share on Monday, August 2nd. This represents a $4.40 annualized dividend and a dividend yield of 2.97%. The ex-dividend date of this dividend is Thursday, July 8th. This is a positive change from Darden Restaurants's previous quarterly dividend of $0.88.
View Darden Restaurants' dividend history.

Darden Restaurants pays an annual dividend of $4.40 per share and currently has a dividend yield of 2.94%. Darden Restaurants does not yet have a strong track record of dividend growth. The dividend payout ratio of Darden Restaurants is 102.09%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, Darden Restaurants will have a dividend payout ratio of 52.82% next year. This indicates that Darden Restaurants will be able to sustain or increase its dividend.
View Darden Restaurants' dividend history.

Darden Restaurants announced that its Board of Directors has authorized a share repurchase plan on Thursday, March 25th 2021, which permits the company to repurchase $500,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to purchase up to 2.7% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's board of directors believes its shares are undervalued.

Darden Restaurants updated its FY 2022 earnings guidance on Thursday, July, 22nd. The company provided earnings per share (EPS) guidance of $7.000-$7.500 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $7.210. The company issued revenue guidance of $9.20 billion-$9.50 billion, compared to the consensus revenue estimate of $9.22 billion.

27 analysts have issued 1-year target prices for Darden Restaurants' stock. Their forecasts range from $108.00 to $175.00. On average, they expect Darden Restaurants' share price to reach $155.22 in the next twelve months. This suggests a possible upside of 4.7% from the stock's current price.
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333 employees have rated Darden Restaurants CEO Gene Lee on Glassdoor.com. Gene Lee has an approval rating of 88% among Darden Restaurants' employees.

Some companies that are related to Darden Restaurants include McDonald's (MCD), Starbucks (SBUX), Chipotle Mexican Grill (CMG), Yum! Brands (YUM), Domino's Pizza (DPZ), Texas Roadhouse (TXRH), The Wendy's (WEN), Papa John's International (PZZA), Cracker Barrel Old Country Store (CBRL), Brinker International (EAT), Jack in the Box (JACK), The Cheesecake Factory (CAKE), Bloomin' Brands (BLMN), Dine Brands Global (DIN) and BJ's Restaurants (BJRI).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Darden Restaurants investors own include NVIDIA (NVDA), The Boeing (BA), The Walt Disney (DIS), The 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 a variety of retail and institutional investors. Top institutional shareholders include TCW Group Inc. (0.23%), Scout Investments Inc. (0.15%), Gradient Investments LLC (0.06%), TIAA FSB (0.05%), Fulton Bank N.A. (0.02%) and State of Alaska Department of Revenue (0.02%). Company insiders that own Darden Restaurants stock include Charles M Sonsteby, Daniel J Kiernan, David C George, Douglas J Milanes, Eugene I Lee Jr, Eugene I Lee, Jr, John W Madonna, M Shan Atkins, Matthew R Broad, Melvin John Martin, Nana Mensah, Ricardo Cardenas, Susan M Connelly and Todd Burrowes.
View institutional ownership trends for Darden Restaurants.

DRI stock was sold by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue, Capital Investment Advisory Services LLC, TIAA FSB, Old Port Advisors, First National Bank of South Miami, Freedman Financial Associates Inc., and Howland Capital Management LLC. Company insiders that have sold Darden Restaurants company stock in the last year include Daniel J Kiernan, Douglas J Milanes, Eugene I Lee Jr, Eugene I Lee, Jr, John W Madonna, Matthew R Broad, Melvin John Martin, Nana Mensah, Ricardo Cardenas, Susan M Connelly, and Todd Burrowes.
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DRI stock was acquired by a variety of institutional investors in the last quarter, including Gradient Investments LLC, Scout Investments Inc., TCW Group Inc., Brookstone Capital Management, IFM Investors Pty Ltd, Stratos Wealth Partners LTD., Northstar Advisory Group LLC, and Fulton Bank N.A.. Company insiders that have bought Darden Restaurants stock in the last two years include Charles M Sonsteby, David C George, Eugene I Lee Jr, M Shan Atkins, Matthew R Broad, Ricardo Cardenas, and Todd Burrowes.
View insider buying and selling activity for Darden Restaurants or or view top insider-buying stocks.

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.
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One share of DRI stock can currently be purchased for approximately $148.20.

Darden Restaurants has a market capitalization of $19.38 billion and generates $7.20 billion in revenue each year. The restaurant operator earns $629.30 million in net income (profit) each year or $4.31 on an earnings per share basis.

Darden Restaurants employs 177,000 workers across the globe.

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.

Darden Restaurants was founded in 1968.

The official website for Darden Restaurants is www.darden.com.

Darden Restaurants is headquartered at 1000 DARDEN CENTER DRIVE, ORLANDO FL, 32837.

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]