S&P 500   4,397.94
DOW   34,265.37
QQQ   351.69
S&P 500   4,397.94
DOW   34,265.37
QQQ   351.69
S&P 500   4,397.94
DOW   34,265.37
QQQ   351.69
S&P 500   4,397.94
DOW   34,265.37
QQQ   351.69

Darden Restaurants Stock Forecast, Price & News

$134.78
-1.25 (-0.92%)
(As of 01/21/2022 12:00 AM ET)
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Today's Range
$134.32
$137.48
50-Day Range
$134.78
$151.81
52-Week Range
$110.89
$164.28
Volume
1.33 million shs
Average Volume
1.13 million shs
Market Capitalization
$17.21 billion
P/E Ratio
19.28
Dividend Yield
3.23%
Beta
1.46
30 days | 90 days | 365 days | Advanced Chart
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Darden Restaurants logo

About Darden Restaurants

Darden Restaurants, Inc. is a full-service restaurant company, which engages in the provision of restaurant services. It operates through the following segments: Olive Garden, LongHorn Steakhouse, Fine Dining, and Other Business. The Olive Garden segment is the largest full-service dining Italian restaurant operator. The LongHorn Steakhouse segment includes the results of the company-owned LongHorn Steakhouse restaurants. The Fine Dining segment comprises of the premium brands that operate within the fine-dining sub-segment of full-service dining and includes the results of its company-owned The Capital Grille and Eddie V's restaurants. The Other Business segment aggregates the remaining brands and includes the results of its company-owned Cheddar's Scratch Kitchen, Yard House, Seasons 52 and Bahama Breeze restaurants; and from franchises and consumer-packaged goods sales. The company was founded by William B. Darden in 1938 and is headquartered in Orlando, FL.

Headlines

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Industry, Sector and Symbol

Industry
Eating places
Sub-Industry
Restaurants
CUSIP
23719410
Employees
160,000
Year Founded
1968

Sales & Book Value

Annual Sales
$7.20 billion
Cash Flow
$6.80 per share
Book Value
$19.91 per share

Profitability

Net Income
$629.30 million
Pretax Margin
10.82%

Debt

Price-To-Earnings

Miscellaneous

Free Float
126,511,000
Market Cap
$17.21 billion
Optionable
Optionable

Company Calendar

Ex-Dividend for 11/1 Dividend
10/07/2021
Dividend Payable
11/01/2021
Last Earnings
12/17/2021
Ex-Dividend for 2/1 Dividend
1/07/2022
Today
1/22/2022
Dividend Payable
2/01/2022
Next Earnings (Estimated)
3/24/2022
Fiscal Year End
5/31/2022

Social Links


MarketRank

Overall MarketRank

3.19 out of 5 stars

Retail/Wholesale Sector

19th out of 279 stocks

Eating Places Industry

3rd out of 54 stocks

Analyst Opinion: 4.4Community Rank: 4.7Dividend Strength: 2.5Insider Behavior: 2.5Valuation: 1.9 5 -4 -3 -2 -1 -












Darden Restaurants (NYSE:DRI) Frequently Asked Questions

Is Darden Restaurants a buy right now?

24 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Darden Restaurants in the last twelve months. There are currently 4 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.

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

Darden Restaurants' stock was trading at $70.21 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, DRI stock has increased by 92.0% and is now trading at $134.78.
View which stocks have been most impacted by COVID-19
.

When is Darden Restaurants' next earnings date?

Darden Restaurants is scheduled to release its next quarterly earnings announcement on Thursday, March 24th 2022.
View our earnings forecast for Darden Restaurants
.

How were Darden Restaurants' earnings last quarter?

Darden Restaurants, Inc. (NYSE:DRI) posted its quarterly earnings data on Friday, December, 17th. The restaurant operator reported $1.48 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $1.43 by $0.05. The restaurant operator had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.23 billion. Darden Restaurants had a trailing twelve-month return on equity of 30.83% and a net margin of 10.73%. The company's revenue was up 37.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.74 EPS.
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 Friday, December 17th. Investors of record on Monday, January 10th will be given a dividend of $1.10 per share on Tuesday, February 1st. This represents a $4.40 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date is Friday, January 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 3.23%. Darden Restaurants has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio of Darden Restaurants is 62.95%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Darden Restaurants will have a dividend payout ratio of 51.95% 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 declared that its Board of Directors has initiated a share buyback program on Thursday, September 23rd 2021, which permits the company to buyback $750,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to reacquire up to 3.6% of its stock through open market purchases. Stock buyback programs are often an indication that the company's board of directors believes its stock is undervalued.

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

Darden Restaurants issued an update on its FY22 earnings guidance on Friday, December, 17th. The company provided earnings per share guidance of $7.35-7.60 for the period, compared to the Thomson Reuters consensus estimate of $7.61. The company issued revenue guidance of $9.55-9.70 billion, compared to the consensus revenue estimate of $9.54 billion.

What price target have analysts set for DRI?

24 equities research analysts have issued 1-year target prices for Darden Restaurants' shares. Their forecasts range from $150.00 to $180.00. On average, they anticipate Darden Restaurants' stock price to reach $168.55 in the next twelve months. This suggests a possible upside of 25.1% 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.

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 many different institutional and retail investors. Top institutional shareholders include Frontier Capital Management Co. LLC (0.32%), Nordea Investment Management AB (0.21%), Gradient Investments LLC (0.07%), Russell Investments Group Ltd. (0.05%), QV Investors Inc. (0.05%) and Scout Investments Inc. (0.05%). Company insiders that own Darden Restaurants stock include 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 major investors are selling Darden Restaurants stock?

DRI stock was sold by a variety of institutional investors in the last quarter, including Scout Investments Inc., Frontier Capital Management Co. LLC, Moody National Bank Trust Division, Russell Investments Group Ltd., Wealthfront Advisers LLC, Machina Capital S.A.S., Royal London Asset Management Ltd., and Nordea Investment Management AB. 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, 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 insider buying and selling activity for Darden Restaurants
or view top insider-selling stocks.

Which major investors are buying Darden Restaurants stock?

DRI stock was purchased by a variety of institutional investors in the last quarter, including Cutler Group LP, Sciencast Management LP, Clear Street Markets LLC, First Hawaiian Bank, Evergreen Wealth Solutions LLC, Private Trust Co. NA, Gradient Investments LLC, and Aries Wealth Management. Company insiders that have bought Darden Restaurants stock in the last two years include 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 $134.78.

How much money does Darden Restaurants make?

Darden Restaurants has a market capitalization of $17.21 billion and generates $7.20 billion in revenue each year. The restaurant operator earns $629.30 million in net income (profit) each year or $6.99 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.


This page was last updated on 1/22/2022 by MarketBeat.com Staff

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