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
Stock Exchange NYSE
Industry Eating places
Sub-IndustryRestaurants
SectorRetail/Wholesale
SymbolNYSE:DRI
CUSIP23719410
Phone407-245-4000
Debt
Debt-to-Equity Ratio0.42
Current Ratio0.40
Quick Ratio0.25
Price-To-Earnings
Trailing P/E Ratio23.67
Forward P/E Ratio20.70
P/E Growth2.13
Sales & Book Value
Annual Sales$8.08 billion
Price / Sales1.74
Cash Flow$7.7502 per share
Price / Cash14.69
Book Value$17.77 per share
Price / Book6.41
Profitability
EPS (Most Recent Fiscal Year)$4.81
Net Income$596 million
Net Margins7.38%
Return on Equity29.02%
Return on Assets11.30%
Miscellaneous
Employees180,000
Outstanding Shares123,540,000
Market Cap$13.52 billion
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 declared a quarterly dividend on Thursday, June 21st. Stockholders of record on Tuesday, July 10th will be paid a dividend of $0.75 per share on Wednesday, August 1st. This represents a $3.00 annualized dividend and a dividend yield of 2.64%. The ex-dividend date is Monday, July 9th. This is an increase from Darden Restaurants's previous quarterly dividend of $0.63. View Darden Restaurants' Dividend History.
How were Darden Restaurants' earnings last quarter?
Darden Restaurants, Inc. (NYSE:DRI) released its earnings results on Thursday, June, 21st. The restaurant operator reported $1.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.35 by $0.04. The restaurant operator had revenue of $2.13 billion for the quarter, compared to analysts' expectations of $2.13 billion. Darden Restaurants had a return on equity of 29.02% and a net margin of 7.38%. Darden Restaurants's revenue for the quarter was up 10.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.99 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 Thursday, June, 21st. The company provided earnings per share (EPS) guidance of $5.40-5.56 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $5.41. The company issued revenue guidance of $8.4-8.48 billion (+4-5%), compared to the consensus revenue estimate of $8.44 billion.
What price target have analysts set for DRI?
23 Wall Street analysts have issued 12-month price objectives for Darden Restaurants' shares. Their forecasts range from $95.00 to $128.00. On average, they expect Darden Restaurants' stock price to reach $110.0476 in the next year. This suggests that the stock has a possible downside of 3.3%. View Analyst Price Targets for Darden Restaurants.
What is the consensus analysts' recommendation for Darden Restaurants?
23 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Darden Restaurants in the last year. There are currently 9 hold ratings and 14 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 year. We are further encouraged by the company’s impressive growth story. It reported better-than-expected results in the fourth quarter of fiscal 2018. Earnings and revenues not only surpassed analysts’ expectation but also grew 17.8% and 10.3%, respectively, from the year-ago quarter. The upside was driven by sales growth across every brand. Notably, the quarter marked the 15th consecutive earnings beat for the company. Going ahead, various sales initiatives and technology-driven moves are expected to further boost the top line. The company’s efforts to check costs are commendable. Current-year earnings estimates have also moved northward over the past month. However, tightened competition and softer-than-expected consumer demand can keep comps under pressure, while rising labor costs and a non-franchised business model may dampen its profits." (7/16/2018)
- 2. Maxim Group analysts commented, "We maintain our Buy rating and $112 price target on Darden Restaurants (DRI) ahead of the release of F3Q18 (February) results on Thursday, March 22. Our F3Q18 EPS estimate is unchanged at $1.65 (vs. $1.64 consensus), though we raise our blended comp estimate to +2.9%, from +2.6% (vs. +2.5% consensus), as we model incremental traffic and off-premise gains. We believe multiple factors will contribute to sustained mid-teen EPS growth for at least the next 12-18 months. We still see room for potential near-term downside on food costs." (3/14/2018)
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), Jack in the Box (JACK), Main Street Capital (MAIN), Cheesecake Factory (CAKE), Dave & Buster's Entertainment (PLAY), Brinker International (EAT), Wingstop (WING), Bloomin' Brands (BLMN) and Arcos Dorados (ARCO).
Who are Darden Restaurants' key executives?
Darden Restaurants' management team includes the folowing people:
- Mr. Eugene I. Lee Jr., Pres, CEO & Director (Age 56)
- Mr. Ricardo Cardenas, Sr. VP & CFO (Age 50)
- Mr. David C. George, Exec. VP & COO (Age 62)
- Mr. Matthew R. Broad, Sr. VP, Gen. Counsel, Chief Compliance Officer & Corp. Sec. (Age 58)
- Mr. Todd A. Burrowes, Pres of Longhorn Steakhouse (Age 55)
Has Darden Restaurants been receiving favorable news coverage?
Media coverage about DRI stock has trended somewhat positive recently, Accern reports. The research firm ranks the sentiment of media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Darden Restaurants earned a media and rumor sentiment score of 0.10 on Accern's scale. They also assigned headlines about the restaurant operator an impact score of 47.77 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the near term. View Recent Headlines for Darden Restaurants.
Who are Darden Restaurants' major shareholders?
Darden Restaurants' stock is owned by many different of institutional and retail investors. Top institutional investors include BlackRock Inc. (8.95%), American International Group Inc. (4.53%), Wells Fargo & Company MN (2.63%), Victory Capital Management Inc. (2.12%), Newport Trust Co (2.12%) and Morgan Stanley (1.23%). Company insiders that own Darden Restaurants stock include Daniel J Kiernan, Danielle L Kirgan, 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 institutional investors are selling Darden Restaurants stock?
DRI stock was sold by a variety of institutional investors in the last quarter, including American Century Companies Inc., Bank of New York Mellon Corp, American International Group Inc., United Services Automobile Association, Wells Fargo & Company MN, BNP Paribas Arbitrage SA, Systematic Financial Management LP and Janus Henderson Group PLC. 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 institutional investors are buying Darden Restaurants stock?
DRI stock was bought by a variety of institutional investors in the last quarter, including Millennium Management LLC, Morgan Stanley, Voya Investment Management LLC, Renaissance Technologies LLC, BlackRock Inc., Scout Investments Inc., Victory Capital Management Inc. and WBI Investments Inc.. 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 $113.85.
How big of a company is Darden Restaurants?
Darden Restaurants has a market capitalization of $13.52 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.
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.
