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NYSE:DRI

Darden Restaurants Stock Forecast, Price & News

$137.49
-1.53 (-1.10 %)
(As of 03/2/2021 11:25 AM ET)
Add
Compare
Today's Range
$137.16
Now: $137.49
$140.02
50-Day Range
$112.10
MA: $126.78
$138.78
52-Week Range
$26.15
Now: $137.49
$140.50
Volume11,981 shs
Average Volume1.44 million shs
Market Capitalization$17.92 billion
P/E RatioN/A
Dividend Yield1.08%
Beta1.48
Darden Restaurants, Inc., through its subsidiaries, owns and operates full-service restaurants in the United States and Canada. As of May 31, 2020, it owned and operated approximately 1,804 restaurants, which included 868 under the Olive Garden, 522 under the LongHorn Steakhouse, 165 under the Cheddar's Scratch Kitchen, 81 under the Yard House, 60 under The Capital Grille, 44 under the Seasons 52, 41 under the Bahama Breeze, and 23 under the Eddie V's Prime Seafood brands. The company was founded in 1968 and is based in Orlando, Florida.
Darden Restaurants logo

Industry, Sector and Symbol

Industry Eating places
Sub-IndustryRestaurants
CUSIP23719410
Phone407-245-4000
Employees177,895
Year Founded1968

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$7.81 billion
Cash Flow$6.31 per share
Book Value$18.84 per share

Profitability

Net Income$-52,400,000.00

Miscellaneous

Market Cap$17.92 billion
Next Earnings Date3/25/2021 (Confirmed)
OptionableOptionable

MarketRank

Overall MarketRank

2.03 out of 5 stars

Retail/Wholesale Sector

29th out of 383 stocks

Eating Places Industry

4th out of 66 stocks

Analyst Opinion: 2.3Community Rank: 2.6Dividend Strength: 1.7Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -
$137.49
-1.53 (-1.10 %)
(As of 03/2/2021 11:25 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Darden Restaurants (NYSE:DRI) Frequently Asked Questions

Is Darden Restaurants a buy right now?

30 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Darden Restaurants in the last year. There are currently 10 hold ratings and 20 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.

What stocks does MarketBeat like better than Darden Restaurants?

Wall Street analysts have given Darden Restaurants a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Darden Restaurants wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Darden Restaurants?

Darden Restaurants saw a decrease in short interest during the month of January. As of January 15th, there was short interest totaling 3,750,000 shares, a decrease of 16.5% from the December 31st total of 4,490,000 shares. Based on an average trading volume of 1,790,000 shares, the short-interest ratio is currently 2.1 days.
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, March 25th 2021.
View our earnings forecast for Darden Restaurants
.

How were Darden Restaurants' earnings last quarter?

Darden Restaurants, Inc. (NYSE:DRI) announced its quarterly earnings data on Thursday, December, 17th. The restaurant operator reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.03. The restaurant operator earned $1.66 billion during the quarter, compared to analysts' expectations of $1.69 billion. Darden Restaurants had a negative net margin of 1.70% and a positive trailing twelve-month return on equity of 10.47%. The company's revenue for the quarter was down 19.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.12 EPS.
View Darden Restaurants' earnings history
.

How has Darden Restaurants' stock been impacted by Coronavirus?

Darden Restaurants' stock was trading at $70.21 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, DRI shares have increased by 98.6% and is now trading at $139.44.
View which stocks have been most impacted by COVID-19
.

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

Darden Restaurants announced a quarterly dividend on Friday, December 18th. Investors of record on Friday, January 8th will be paid a dividend of $0.37 per share on Monday, February 1st. This represents a $1.48 annualized dividend and a yield of 1.06%. The ex-dividend date of this dividend is Thursday, January 7th. This is a boost from Darden Restaurants's previous quarterly dividend of $0.30.
View Darden Restaurants' dividend history
.

Is Darden Restaurants a good dividend stock?

Darden Restaurants pays an annual dividend of $1.48 per share and currently has a dividend yield of 1.08%. The dividend payout ratio of Darden Restaurants is 47.28%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Darden Restaurants will have a dividend payout ratio of 23.02% next year. This indicates that Darden Restaurants will be able to sustain or increase its dividend.
View Darden Restaurants' dividend history.

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

Darden Restaurants updated its third quarter earnings guidance on Friday, December, 18th. The company provided earnings per share (EPS) guidance of $0.50-0.75 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.35. The company issued revenue guidance of 65-70% of Q3 LY to ~$1.53-1.64 billion, compared to the consensus revenue estimate of $2.01 billion.

What price target have analysts set for DRI?

30 brokers have issued twelve-month target prices for Darden Restaurants' stock. Their forecasts range from $58.00 to $140.00. On average, they anticipate Darden Restaurants' share price to reach $114.18 in the next twelve months. This suggests that the stock has a possible downside of 18.1%.
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:
  • Mr. Eugene I. Lee Jr., CEO & Chairman (Age 59, Pay $3.51M)
  • Mr. Ricardo Cardenas, Pres & COO (Age 53, Pay $1.65M) (LinkedIn Profile)
  • Mr. Todd A. Burrowes, Pres of Longhorn Steakhouse (Age 58, Pay $1.68M) (LinkedIn Profile)
  • Mr. Daniel J. Kiernan, Pres of Olive Garden (Age 60, Pay $1.23M) (LinkedIn Profile)
  • Kyle Holmes, Managing Partner
  • Mr. Jon Norem, Managing Partner
  • Mr. John Rucker, Managing Partner (LinkedIn Profile)
  • Mr. Rajesh Vennam, Sr. VP, CFO & Treasurer (Age 46) (LinkedIn Profile)
  • Mr. Christopher Chang, Sr. VP & Chief Information Officer (LinkedIn Profile)
  • Mr. Kevin Kalicak, VP of Investor Relations & Corp. Analysis

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.

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 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).

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 institutional and retail investors. Top institutional investors include BlackRock Inc. (6.61%), Newport Trust Co (1.80%), Victory Capital Management Inc. (1.61%), Northern Trust Corp (1.24%), JPMorgan Chase & Co. (1.03%) and Nuveen Asset Management LLC (0.91%). Company insiders that own Darden Restaurants stock include Charles M Sonsteby, Daniel J Kiernan, David C George, Douglas J Milanes, Eugene I Lee Jr, John W Madonna, M Shan Atkins, Matthew R Broad, Melvin John Martin, Nana Mensah, Ricardo Cardenas and Todd Burrowes.
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 BlackRock Inc., Victory Capital Management Inc., Janus Henderson Group PLC, Viking Global Investors LP, Aviva PLC, JPMorgan Chase & Co., Carlson Capital L P, and Russell Investments Group Ltd.. Company insiders that have sold Darden Restaurants company stock in the last year include Daniel J Kiernan, Eugene I Lee Jr, John W Madonna, Melvin John Martin, and Nana Mensah.
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 acquired by a variety of institutional investors in the last quarter, including D1 Capital Partners L.P., Nuveen Asset Management LLC, National Pension Service, Clark Capital Management Group Inc., Mizuho Markets Americas LLC, Strs Ohio, Nomura Asset Management Co. Ltd., and Amundi Pioneer Asset Management Inc.. 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.

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 $139.44.

How much money does Darden Restaurants make?

Darden Restaurants has a market capitalization of $18.17 billion and generates $7.81 billion in revenue each year. The restaurant operator earns $-52,400,000.00 in net income (profit) each year or $3.13 on an earnings per share basis.

How many employees does Darden Restaurants have?

Darden Restaurants employs 177,895 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.

Where are Darden Restaurants' headquarters?

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

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]


This page was last updated on 3/2/2021 by MarketBeat.com Staff

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