Darden Restaurants Stock Forecast, Price & News

Darden Restaurants' stock was trading at $70.21 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, DRI shares have increased by 73.7% and is now trading at $121.98.
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30 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Darden Restaurants in the last twelve months. There are currently 10 hold ratings and 20 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Darden Restaurants stock.
View analyst ratings for Darden Restaurants or view MarketBeat's top 5 stock picks.

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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.

Darden Restaurants is scheduled to release its next quarterly earnings announcement on Thursday, March 18th 2021.
View our earnings forecast for Darden Restaurants.

Darden Restaurants, Inc. (NYSE:DRI) released its earnings results on Thursday, December, 17th. The restaurant operator reported $0.74 earnings per share (EPS) for the quarter, beating the Thomson Reuters' 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 firm's revenue for the quarter was down 19.4% compared to the same quarter last year. During the same period last year, the business posted $1.12 earnings per share.
View Darden Restaurants' earnings history.

Darden Restaurants declared 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 dividend yield of 1.21%. The ex-dividend date of this dividend is Thursday, January 7th. This is an increase from Darden Restaurants's previous quarterly dividend of $0.30.
View Darden Restaurants' dividend history.

Darden Restaurants pays an annual dividend of $1.48 per share and currently has a dividend yield of 1.18%. 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.

Darden Restaurants issued an update on its third quarter earnings guidance on Friday, December, 18th. The company provided earnings per share guidance of $0.50-0.75 for the period, compared to the Thomson Reuters consensus 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.

30 analysts have issued twelve-month target prices for Darden Restaurants' shares. Their forecasts range from $58.00 to $140.00. On average, they anticipate Darden Restaurants' share price to reach $113.27 in the next year. This suggests that the stock has a possible downside of 7.1%.
View analysts' price targets for Darden Restaurants or view Wall Street analyst' top-rated stocks.

Darden Restaurants saw a increase in short interest during the month of December. As of December 31st, there was short interest totaling 5,160,000 shares, an increase of 18.1% from the December 15th total of 4,370,000 shares. Based on an average trading volume of 2,010,000 shares, the short-interest ratio is currently 2.6 days.
View Darden Restaurants' Short Interest.

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), Cracker Barrel Old Country Store (CBRL), Papa John's International (PZZA), Brinker International (EAT), Jack in the Box (JACK), Bloomin' Brands (BLMN), The Cheesecake Factory (CAKE), Dine Brands Global (DIN) and BJ's Restaurants (BJRI).
View all of DRI's competitors.

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 many different retail and institutional investors. Top institutional investors include Scout Investments Inc. (0.16%), Thompson Investment Management Inc. (0.03%), State of Alaska Department of Revenue (0.02%), Fulton Bank N.A. (0.02%), CX Institutional (0.01%) and Fruth Investment Management (0.01%). 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, Todd Burrowes and William S Simon.
View institutional ownership trends for Darden Restaurants.

DRI stock was sold by a variety of institutional investors in the last quarter, including Scout Investments Inc., Thompson Investment Management Inc., First Citizens Bank & Trust Co., Avantax Advisory Services Inc., CX Institutional, State of Alaska Department of Revenue, Optimum Investment Advisors, and Founders Capital Management LLC. Company insiders that have sold Darden Restaurants company stock in the last year include John W Madonna, Melvin John Martin, and Nana Mensah.
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DRI stock was purchased by a variety of institutional investors in the last quarter, including Kestra Advisory Services LLC, Northstar Advisory Group LLC, Donaldson Capital Management LLC, Beacon Harbor Wealth Advisors Inc., Diversified Trust Co, Burke & Herbert Bank & Trust Co., Wambolt & Associates LLC, and BKD Wealth Advisors LLC. 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.

One share of DRI stock can currently be purchased for approximately $121.98.

Darden Restaurants has a market capitalization of $15.90 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. Darden Restaurants employs 177,000 workers across the globe.

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

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]