Darden Restaurants Stock Forecast, Price & News

Darden Restaurants (NYSE:DRI) Frequently Asked Questions

Is Darden Restaurants a buy right now?

26 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Darden Restaurants in the last year. There are currently 5 hold ratings and 21 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Darden Restaurants stock.
View analyst ratings for Darden Restaurants or view top-rated stocks.

How has Darden Restaurants' stock price been impacted by COVID-19 (Coronavirus)?

Darden Restaurants' stock was trading at $70.21 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, DRI stock has increased by 95.0% and is now trading at $136.91.
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When is Darden Restaurants' next earnings date?

Darden Restaurants is scheduled to release its next quarterly earnings announcement on Friday, December 17th 2021.
View our earnings forecast for Darden Restaurants.

How were Darden Restaurants' earnings last quarter?

Darden Restaurants, Inc. (NYSE:DRI) released its quarterly earnings data on Wednesday, September, 22nd. The restaurant operator reported $1.76 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $1.65 by $0.11. The restaurant operator had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.24 billion. Darden Restaurants had a net margin of 10.33% and a trailing twelve-month return on equity of 27.45%. The company's revenue was up 51.0% compared to the same quarter last year. During the same period last year, the firm earned $0.56 earnings per share.
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, September 23rd. Shareholders of record on Friday, October 8th will be given a dividend of $1.10 per share on Monday, November 1st. This represents a $4.40 dividend on an annualized basis and a dividend yield of 3.21%. The ex-dividend date of this dividend is Thursday, October 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 3.10%. Darden Restaurants does not yet have a strong track record of dividend growth. The dividend payout ratio of Darden Restaurants is 70.51%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Darden Restaurants will have a dividend payout ratio of 52.32% 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 announced that its board has initiated a stock repurchase program on Thursday, September 23rd 2021, which permits the company to repurchase $750,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to buy up to 3.6% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's management believes its shares are 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, October, 21st. The company provided EPS guidance of $7.250-$7.600 for the period, compared to the Thomson Reuters consensus EPS estimate of $7.430. The company issued revenue guidance of $9.40 billion-$9.60 billion, compared to the consensus revenue estimate of $9.41 billion.

What price target have analysts set for DRI?

26 Wall Street analysts have issued 12-month price objectives for Darden Restaurants' shares. Their forecasts range from $130.00 to $180.00. On average, they expect Darden Restaurants' stock price to reach $167.54 in the next year. This suggests a possible upside of 22.4% 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:

• Gene Lee, Chairman & Chief Executive Officer
• Ricardo Cardenas, President & Chief Operating Officer (LinkedIn Profile)
• Rajesh Vennam, Chief Financial Officer, Treasurer & Senior VP
• Chris Chang, Chief Information Officer & Senior Vice President
• Matthew R. Broad, Secretary, Chief Compliance Officer & Senior VP

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?

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), Wendy's (WEN), Papa John's International (PZZA), Cracker Barrel Old Country Store (CBRL), Cheesecake Factory (CAKE), Jack in the Box (JACK), Bloomin' Brands (BLMN), Brinker International (EAT), Dine Brands Global (DIN) and Denny's (DENN).
View all of DRI's 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), 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 a number of retail and institutional investors. Top institutional shareholders include Capital World Investors (12.34%), BlackRock Inc. (6.57%), Geode Capital Management LLC (1.79%), Newport Trust Co (1.71%), Voya Investment Management LLC (1.59%) and Invesco Ltd. (1.12%). 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, 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 Caption Management LLC, BlackRock Inc., Wellington Management Group LLP, Two Sigma Investments LP, Macquarie Group Ltd., Inverness Counsel LLC NY, Worldquant Millennium Advisors LLC, and Cubist Systematic Strategies 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, Sarah H King, Susan M Connelly, 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 bought by a variety of institutional investors in the last quarter, including Capital World Investors, Congress Asset Management Co. MA, Goldman Sachs Group Inc., Raymond James Financial Services Advisors Inc., Arrowstreet Capital Limited Partnership, Voya Investment Management LLC, Nordea Investment Management AB, and Morgan Stanley. 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.
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What is Darden Restaurants' stock price today?

One share of DRI stock can currently be purchased for approximately $136.91.

How much money does Darden Restaurants make?

Darden Restaurants has a market capitalization of $17.77 billion and generates $7.20 billion in revenue each year. The restaurant operator earns $629.30 million in net income (profit) each year or $6.24 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.

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