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This Little Known Small Cap Is Up 139%: Is The Stock A Buy?
Bank of England to buy UK bonds to avert financial risk
S&P 500   3,719.04
DOW   29,683.74
QQQ   279.94
Mullen Automotive Is Ready To Get In Gear
Rare Biden-Trump Alliance to Trigger Boom in US Lithium (Ad)
You Don't Have to Go It Alone. It's Time to Let Go and Let Others Help.
Cracker Barrel: A Tasty Treat Or Bad Apple? 
Rare Biden-Trump Alliance to Trigger Boom in US Lithium (Ad)
Alzheimer's drug shows promise in early results of study
Can United Natural Foods Fight Both Inflation and the Fed?
Rare Biden-Trump Alliance to Trigger Boom in US Lithium (Ad)
This Little Known Small Cap Is Up 139%: Is The Stock A Buy?
Bank of England to buy UK bonds to avert financial risk
S&P 500   3,719.04
DOW   29,683.74
QQQ   279.94
Mullen Automotive Is Ready To Get In Gear
Rare Biden-Trump Alliance to Trigger Boom in US Lithium (Ad)
You Don't Have to Go It Alone. It's Time to Let Go and Let Others Help.
Cracker Barrel: A Tasty Treat Or Bad Apple? 
Rare Biden-Trump Alliance to Trigger Boom in US Lithium (Ad)
Alzheimer's drug shows promise in early results of study
Can United Natural Foods Fight Both Inflation and the Fed?
Rare Biden-Trump Alliance to Trigger Boom in US Lithium (Ad)
This Little Known Small Cap Is Up 139%: Is The Stock A Buy?
Bank of England to buy UK bonds to avert financial risk

Darden Restaurants - DRI Stock Forecast, Price & News

$127.72
+4.14 (+3.35%)
(As of 09/28/2022 12:00 AM ET)
Add
Compare
Today's Range
$123.32
$128.22
50-Day Range
$115.11
$134.35
52-Week Range
$110.96
$158.39
Volume
1.12 million shs
Average Volume
1.21 million shs
Market Capitalization
$15.83 billion
P/E Ratio
17.71
Dividend Yield
3.92%
Price Target
$143.43

Darden Restaurants MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.85 Rating Score
Upside/​Downside
12.3% Upside
$143.43 Price Target
Short Interest
Healthy
3.57% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-2.34
Upright™ Environmental Score
News Sentiment
0.07mentions of Darden Restaurants in the last 14 days
Based on 80 Articles This Week
Insider Trading
Selling Shares
$5.23 M Sold Last Quarter
Proj. Earnings Growth
10.30%
From $7.67 to $8.46 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.25 out of 5 stars

Retail/Wholesale Sector

4th out of 215 stocks

Eating Places Industry

2nd out of 44 stocks

DRI stock logo

About Darden Restaurants (NYSE:DRI) Stock

Darden Restaurants, Inc., through its subsidiaries, owns and operates full-service restaurants in the United States and Canada. As of May 29, 2022, it owned and operated 1,867 restaurants, which included 884 under the Olive Garden brand, 546 under the LongHorn Steakhouse brand name, 172 under the Cheddar's Scratch Kitchen brand, 85 under the Yard House brand name, 62 under The Capital Grille brand, 45 under the Seasons 52 brand name, 42 under the Bahama Breeze brand, 28 under the Eddie V's Prime Seafood brand name, and 3 under the Capital Burger brand; and franchised 60 restaurants comprising 35 under the Olive Garden brand, 18 under the LongHorn Steakhouse brand name, 4 under the Cheddar's Scratch Kitchen brand, 2 under The Capital Grille brand name, and 1 under the Bahama Breeze brand.Darden Restaurants, Inc. was founded in 1968 and is based in Orlando, Florida.

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DRI Stock News Headlines

Cracker Barrel: A Tasty Treat Or Bad Apple?  (DRI)
Cracker Barrel issued a mixed report for fiscal Q4 but the outlook for sustained profits and moderate revenue growth is favorable to the 5.35% dividend yield.
Is Dave & Buster’s Immune to High Inflation and Lower Spending? (DRI)
Interactive entertainment restaurant operator Dave & Buster's Entertainment (NASDAQ: PLAY) is proving that its possible to mitigate both inflationary pressures
Steelcase, Darden fall; Lennar, Salesforce rise
Stocks that traded heavily or had substantial price changes Thursday: Steelcase, Darden fall; Lennar, Salesforce rise
If You’re Hungry for Value, Take a Bite on Ruth's Hospitality Grp (DRI)
Premium steak house operator Ruth's Hospitality Group (NASDAQ: RUTH) stock is performing slightly better than the benchmark indices down (-13%) on the year.
MarketBeat: Week in Review 9/12 – 9/16 (DRI)
In volatile markets, rely on MarketBeat to keep you focused on your investment objectives. Here are some of our most popular articles from this week
Stock Market: 3 Islands Of Strength In A Sea Of Red
The analysts are upgrading these stocks despite the broad market weakness which means these are stock investors should pay attention to.
Darden Restaurants Takes the Low Road Against Inflation
The country’s largest restaurant operator Darden Restaurants (NYSE: DRI) is using its massive size to dampen price increases to instill value and grow loyalty
Peak Inflation Sets the Bottom for Brinker International Stock (DRI)
Casual restaurant brand operator Brinker International (NYSE: BRK) stock is down (-31%) on the year. Brinker operates two popular casual restaurant brands
Off-Premise Business Model Aids Darden (DRI), High Costs Ail
Darden Restaurants (NYSE:DRI) PT Lowered to $129.00
Analysts Offer Insights on Services Companies: Darden (DRI) and IBEX (IBEX)
Darden Restaurants (NYSE:DRI) Issues FY23 Earnings Guidance
Darden Restaurants (NYSE:DRI) Now Covered by Analysts at Stephens
Darden Restaurants (NYSE:DRI) PT Raised to $134.00 at Wedbush
See More Headlines
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DRI Company Calendar

Last Earnings
9/22/2022
Today
9/29/2022
Ex-Dividend for 11/1 Dividend
10/07/2022
Dividend Payable
11/01/2022
Dividend Payable
11/01/2022
Next Earnings (Estimated)
12/16/2022
Fiscal Year End
5/31/2023
Ex-Dividend for 11/1 Dividend
1/01/2100

Industry, Sector and Symbol

Industry
Eating places
Sub-Industry
Restaurants
CUSIP
23719410
Employees
178,956
Year Founded
1968

Price Target and Rating

Average Stock Price Forecast
$143.43
High Stock Price Forecast
$156.00
Low Stock Price Forecast
$129.00
Forecasted Upside/Downside
+12.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.85
Research Coverage
20 Analysts

Profitability

Net Income
$952.80 million
Pretax Margin
10.78%

Debt

Sales & Book Value

Annual Sales
$9.63 billion
Cash Flow
$11.03 per share
Book Value
$16.65 per share

Miscellaneous

Free Float
122,793,000
Market Cap
$15.83 billion
Optionable
Optionable
Beta
1.30

Social Links


Key Executives

  • Mr. Eugene I. Lee Jr.Mr. Eugene I. Lee Jr. (Age 60)
    Exec. Chairman
    Comp: $5.91M
  • Mr. Ricardo  CardenasMr. Ricardo Cardenas (Age 54)
    CEO, Pres & Director
    Comp: $2.32M
  • Mr. Rajesh Vennam (Age 47)
    Sr. VP, CFO & Treasurer
    Comp: $1.56M
  • Mr. John Melvin Martin (Age 61)
    Pres of Specialty Restaurant Group
    Comp: $2.09M
  • Mr. Todd A. BurrowesMr. Todd A. Burrowes (Age 59)
    Pres of Longhorn Steakhouse
    Comp: $1.8M
  • Kyle Holmes
    Managing Partner
  • Mr. Jon Norem
    Managing Partner
  • Mr. John Rucker
    Managing Partner
  • Mr. Christopher Chang
    Sr. VP & Chief Information Officer
  • Mr. Kevin Kalicak
    VP of Investor Relations & Corp. Analysis













DRI Stock - Frequently Asked Questions

Should I buy or sell Darden Restaurants stock right now?

20 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Darden Restaurants in the last year. There are currently 3 hold ratings and 17 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" DRI shares.
View DRI analyst ratings
or view top-rated stocks.

What is Darden Restaurants' stock price forecast for 2022?

20 equities research analysts have issued 1-year price targets for Darden Restaurants' stock. Their DRI share price forecasts range from $129.00 to $156.00. On average, they anticipate the company's stock price to reach $143.43 in the next year. This suggests a possible upside of 12.3% from the stock's current price.
View analysts price targets for DRI
or view top-rated stocks among Wall Street analysts.

How have DRI shares performed in 2022?

Darden Restaurants' stock was trading at $150.64 at the beginning of 2022. Since then, DRI stock has decreased by 15.2% and is now trading at $127.72.
View the best growth stocks for 2022 here
.

Are investors shorting Darden Restaurants?

Darden Restaurants saw a drop in short interest in the month of September. As of September 15th, there was short interest totaling 4,350,000 shares, a drop of 9.2% from the August 31st total of 4,790,000 shares. Based on an average trading volume of 1,160,000 shares, the short-interest ratio is presently 3.8 days. Approximately 3.6% of the company's shares are short sold.
View Darden Restaurants' Short Interest
.

When is Darden Restaurants' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, December 16th 2022.
View our DRI earnings forecast
.

How were Darden Restaurants' earnings last quarter?

Darden Restaurants, Inc. (NYSE:DRI) issued its quarterly earnings data on Thursday, September, 22nd. The restaurant operator reported $1.56 EPS for the quarter, meeting analysts' consensus estimates of $1.56. The restaurant operator had revenue of $2.45 billion for the quarter, compared to analysts' expectations of $2.47 billion. Darden Restaurants had a net margin of 9.36% and a trailing twelve-month return on equity of 40.33%. The business's quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.76 EPS.
Read the conference call transcript
.

How often does Darden Restaurants pay dividends? What is the dividend yield for Darden Restaurants?

Darden Restaurants announced a quarterly dividend on Thursday, September 22nd. Investors of record on Monday, October 10th will be paid a dividend of $1.21 per share on Tuesday, November 1st. This represents a $4.84 annualized dividend and a yield of 3.79%. The ex-dividend date of this dividend is Friday, October 7th.
Read our dividend analysis for DRI
.

Is Darden Restaurants a good dividend stock?

Darden Restaurants (NYSE:DRI) pays an annual dividend of $4.84 per share and currently has a dividend yield of 3.92%. The company 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 is 67.13%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, DRI will have a dividend payout ratio of 57.21% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for DRI.

How will Darden Restaurants' stock buyback program work?

Darden Restaurants announced that its board has initiated a share buyback program on Thursday, June 23rd 2022, which authorizes the company to buyback $1,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to buy up to 6.6% of its stock through open market purchases. Stock buyback programs are often a sign that the company's board of directors believes its shares are undervalued.

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

Darden Restaurants issued an update on its FY 2023 earnings guidance on Saturday, September, 24th. The company provided EPS guidance of $7.40-$8.00 for the period, compared to the consensus EPS estimate of $7.70. The company issued revenue guidance of $10.20 billion-$10.40 billion, compared to the consensus revenue estimate of $10.29 billion.

What is Gene Lee's approval rating as Darden Restaurants' CEO?

333 employees have rated Darden Restaurants Chief Executive Officer Gene Lee on Glassdoor.com. Gene Lee has an approval rating of 88% among the company's 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."

How do I buy shares of Darden Restaurants?

Shares of DRI stock 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 $127.72.

How much money does Darden Restaurants make?

Darden Restaurants (NYSE:DRI) has a market capitalization of $15.83 billion and generates $9.63 billion in revenue each year. The restaurant operator earns $952.80 million in net income (profit) each year or $7.21 on an earnings per share basis.

How many employees does Darden Restaurants have?

The company employs 178,956 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.
Read More
How can I contact Darden Restaurants?

Darden Restaurants' mailing address is 1000 DARDEN CENTER DRIVE, ORLANDO FL, 32837. The official website for the company is www.darden.com. The restaurant operator can be reached via phone at (407) 245-4000, via email at irinfo@darden.com, or via fax at 407-245-4989.

This page (NYSE:DRI) was last updated on 9/29/2022 by MarketBeat.com Staff

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