Darden Restaurants, Inc., through its subsidiaries, owns and operates full-service restaurants in the United States and Canada. As of May 27, 2018, it owned and operated approximately 1,746 restaurants under the Olive Garden, LongHorn Steakhouse, Cheddar's Scratch Kitchen, Yard House, The Capital Grille, Bahama Breeze, Seasons 52, and Eddie V's brands. The company was founded in 1968 and is based in Orlando, Florida.
Industry, Sector and Symbol
Industry Eating places
Sub-IndustryRestaurants
SectorRetail/Wholesale
Phone407-245-4000
Debt
Current Ratio0.41
Quick Ratio0.25
Price-To-Earnings
Sales & Book Value
Annual Sales$8.08 billion
Price / Sales1.63
Price / Cash Flow14.21
Price / Book5.86
Profitability
Net Income$596 million
Net Margins8.12%
Return on Assets12.27%
Miscellaneous
Employees180,000
OptionableOptionable
Darden Restaurants (NYSE:DRI) Frequently Asked Questions
What is Darden Restaurants' stock symbol?
Darden Restaurants trades on the New York Stock Exchange (NYSE) under the ticker symbol "DRI."
How often does Darden Restaurants pay dividends? What is the dividend yield for Darden Restaurants?
Darden Restaurants announced a quarterly dividend on Wednesday, December 12th. Shareholders of record on Thursday, January 10th will be paid a dividend of $0.75 per share on Friday, February 1st. This represents a $3.00 annualized dividend and a yield of 2.81%. The ex-dividend date is Wednesday, January 9th. View Darden Restaurants' Dividend History.
How were Darden Restaurants' earnings last quarter?
Darden Restaurants, Inc. (NYSE:DRI) posted its quarterly earnings data on Tuesday, December, 18th. The restaurant operator reported $0.92 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.91 by $0.01. The restaurant operator had revenue of $1.97 billion for the quarter, compared to analysts' expectations of $1.98 billion. Darden Restaurants had a net margin of 8.12% and a return on equity of 30.48%. Darden Restaurants's quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.73 earnings per share. View Darden Restaurants' Earnings History.
When is Darden Restaurants' next earnings date?
What guidance has Darden Restaurants issued on next quarter's earnings?
Darden Restaurants issued an update on its FY19 earnings guidance on Tuesday, December, 18th. The company provided earnings per share guidance of $5.60-5.70 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $5.65. Darden Restaurants also updated its FY 2019 guidance to $5.60-5.70 EPS.
What price target have analysts set for DRI?
27 brokers have issued twelve-month price objectives for Darden Restaurants' shares. Their forecasts range from $94.00 to $240.00. On average, they anticipate Darden Restaurants' share price to reach $122.4261 in the next year. This suggests a possible upside of 14.6% from the stock's current price. View Analyst Price Targets for Darden Restaurants.
What is the consensus analysts' recommendation for Darden Restaurants?
27 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Darden Restaurants in the last year. There are currently 2 sell ratings, 6 hold ratings and 19 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Darden Restaurants.
What are Wall Street analysts saying about Darden Restaurants stock?
Here are some recent quotes from research analysts about Darden Restaurants stock:
- 1. According to Zacks Investment Research, "Shares of Darden have outperformed the industry over the past two years. We are further encouraged by the company’s second-quarter fiscal 2019 earnings. Darden’s earnings met/surpassed the Zacks Consensus Estimate for 17 straight quarters. In the second quarter of fiscal 2019, Darden’s earnings increased 26% year over year on the back of higher revenues. Results were also aided by the company’s relentless efforts in improving the basic operating factors of the business — food, service and atmosphere. Various sales initiatives and technology-driven moves are expected to boost the top line in the months ahead. The company’s efforts to check costs are commendable. Current-year earnings estimates have also moved north over the past month. However, fierce competition and softer-than-expected consumer demand can keep comps under pressure while rising labor costs and a non-franchised business model may dampen profits." (12/31/2018)
- 2. Maxim Group analysts commented, "DRI posted F1Q19 (August) pro forma EPS of $1.34, which beat our $1.26 estimate and the $1.24 Street mean. The company’s +3.3% blended comp also beat expectations, helped by stronger than expected sales at the fine dining brands. However, Cheddar’s remained a drag on overall performance with a -4.0% comp. The company raised FY19 EPS guidance to $5.52-$5.65, which brackets our $5.63 pre-release estimate and the $5.54 Street mean. Management also raised its blended comp target to positive 2.0%-2.5%, from positive 1.0%-2.0% (vs. +2.4% Maxim pre-release and +1.9% Street mean)." (9/20/2018)
Has Darden Restaurants been receiving favorable news coverage?
News headlines about DRI stock have trended somewhat negative this week, InfoTrie reports. The research group rates the sentiment of media coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Darden Restaurants earned a news sentiment score of -1.2 on InfoTrie's scale. They also assigned media coverage about the restaurant operator a news buzz of 5.0 out of 10, meaning that recent media coverage is somewhat likely to have an impact on the stock's share price in the next several days.
Who are some of Darden Restaurants' key competitors?
Some companies that are related to Darden Restaurants include Yum! Brands (YUM), Restaurant Brands International (QSR), Chipotle Mexican Grill (CMG), Yum China (YUMC), Aramark (ARMK), Texas Roadhouse (TXRH), Cracker Barrel Old Country Store (CBRL), Main Street Capital (MAIN), Jack in the Box (JACK), Cheesecake Factory (CAKE), Wingstop (WING), Dave & Buster's Entertainment (PLAY), Brinker International (EAT), Arcos Dorados (ARCO) and Bloomin' Brands (BLMN).
Who are Darden Restaurants' key executives?
Darden Restaurants' management team includes the folowing people:
- Mr. Eugene I. Lee Jr., Pres, CEO & Director (Age 57)
- Mr. Ricardo Cardenas, Sr. VP & CFO (Age 51)
- Mr. David C. George, Exec. VP & COO (Age 63)
- Mr. Matthew R. Broad, Sr. VP, Gen. Counsel, Chief Compliance Officer & Corp. Sec. (Age 59)
- Mr. Todd A. Burrowes, Pres of Longhorn Steakhouse (Age 56)
Who are Darden Restaurants' major shareholders?
Darden Restaurants' stock is owned by many different of institutional and retail investors. Top institutional shareholders include Scout Investments Inc. (0.17%), Steward Partners Investment Advisory LLC (0.15%), Moody National Bank Trust Division (0.09%), State of Alaska Department of Revenue (0.08%), Boston Advisors LLC (0.04%) and Hennessy Advisors Inc. (0.02%). Company insiders that own Darden Restaurants stock include Daniel J Kiernan, David C George, Douglas J Milanes, Eugene I Lee Jr, John W Madonna, Ricardo Cardenas 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., Hennessy Advisors Inc., First Financial Bank Trust Division, Louisiana State Employees Retirement System, Coastline Trust Co, CENTRAL TRUST Co, Moody National Bank Trust Division and Union Bankshares Corp. Company insiders that have sold Darden Restaurants company stock in the last year include Daniel J Kiernan, David C George, Douglas J Milanes, Eugene I Lee Jr, John W Madonna, Ricardo Cardenas and William S Simon. View Insider Buying and Selling for Darden Restaurants.
Which major investors are buying Darden Restaurants stock?
DRI stock was purchased by a variety of institutional investors in the last quarter, including Steward Partners Investment Advisory LLC, Boston Advisors LLC, Pensionfund DSM Netherlands, CX Institutional, Pensionfund Sabic, DNB Asset Management AS, State of Alaska Department of Revenue and Private Trust Co. NA. View Insider Buying and Selling for Darden Restaurants.
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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Darden Restaurants' stock price today?
One share of DRI stock can currently be purchased for approximately $106.79.
How big of a company is Darden Restaurants?
Darden Restaurants has a market capitalization of $13.08 billion and generates $8.08 billion in revenue each year. The restaurant operator earns $596 million in net income (profit) each year or $4.81 on an earnings per share basis. Darden Restaurants employs 180,000 workers across the globe.
What is Darden Restaurants' official website?
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]
MarketBeat Community Rating for Darden Restaurants (NYSE DRI)
MarketBeat's community ratings are surveys of what our community members think about Darden Restaurants and other stocks. Vote "Outperform" if you believe DRI will outperform the S&P 500 over the long term. Vote "Underperform" if you believe DRI will underperform the S&P 500 over the long term. You may vote once every thirty days.
