Darden Restaurants - DRI Stock Forecast, Price & News

20 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Darden Restaurants in the last twelve months. 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" Darden Restaurants stock.
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20 Wall Street analysts have issued 1-year price objectives for Darden Restaurants' stock. Their DRI stock forecasts range from $122.00 to $160.00. On average, they expect Darden Restaurants' stock price to reach $141.65 in the next twelve months. This suggests a possible upside of 14.6% from the stock's current price.
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Darden Restaurants' stock was trading at $150.64 on January 1st, 2022. Since then, DRI stock has decreased by 18.0% and is now trading at $123.58.
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Darden Restaurants is scheduled to release its next quarterly earnings announcement on Thursday, September 22nd 2022.
View our earnings forecast for Darden Restaurants.

Darden Restaurants, Inc. (NYSE:DRI) posted its quarterly earnings results on Thursday, June, 23rd. The restaurant operator reported $2.24 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.21 by $0.03. The restaurant operator earned $2.60 billion during the quarter, compared to analysts' expectations of $2.54 billion. Darden Restaurants had a net margin of 9.89% and a trailing twelve-month return on equity of 39.05%.

Darden Restaurants declared a quarterly dividend on Thursday, June 23rd. Investors of record on Friday, July 8th will be paid a dividend of $1.21 per share on Monday, August 1st. This represents a $4.84 dividend on an annualized basis and a dividend yield of 3.92%. The ex-dividend date of this dividend is Thursday, July 7th. This is a boost from Darden Restaurants's previous quarterly dividend of $1.10.
View Darden Restaurants' dividend history.

Darden Restaurants(NYSE:DRI) pays an annual dividend of $4.84 per share and currently has a dividend yield of 3.92%. 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 65.41%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Darden Restaurants will have a dividend payout ratio of 57.21% next year. This indicates that Darden Restaurants will be able to sustain or increase its dividend.
View Darden Restaurants' dividend history.

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

Darden Restaurants updated its FY 2023 earnings guidance on Thursday, July, 21st. The company provided EPS guidance of $7.40-$8.00 for the period, compared to the consensus earnings per share estimate of $8.15. The company issued revenue guidance of $10.20 billion-$10.40 billion, compared to the consensus revenue estimate of $10.22 billion.

333 employees have rated Darden Restaurants CEO Gene Lee on Glassdoor.com. Gene Lee has an approval rating of 88% among Darden Restaurants' employees.

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).

Darden Restaurants trades on the New York Stock Exchange (NYSE) under the ticker symbol "DRI."

Darden Restaurants' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Congress Asset Management Co. MA (0.50%), Ardevora Asset Management LLP (0.38%), Sumitomo Mitsui Trust Holdings Inc. (0.31%), TCW Group Inc. (0.28%), Frontier Capital Management Co. LLC (0.23%) and Wedge Capital Management L L P NC (0.21%). Company insiders that own Darden Restaurants stock include Charles M Sonsteby, Daniel J Kiernan, David C George, Douglas J Milanes, Douglas J Milanes, Eugene I Lee Jr, Eugene I Lee, Jr, John W Madonna, Juliana L Chugg, M Shan Atkins, Matthew R Broad, Melvin John Martin, Nana Mensah, Ricardo Cardenas, Sarah H King, Susan M Connelly, Timothy J Wilmott, Todd Burrowes and William S Simon.
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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.
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One share of DRI stock can currently be purchased for approximately $123.58.

Darden Restaurants (NYSE:DRI) has a market capitalization of $15.32 billion and generates $9.63 billion in revenue each year. The restaurant operator earns $952.80 million in net income (profit) each year or $7.40 on an earnings per share basis.

Darden Restaurants employs 178,956 workers across the globe.

Darden Restaurants was founded in 1968.

Darden Restaurants' mailing address is 1000 DARDEN CENTER DRIVE, ORLANDO FL, 32837. The official website for Darden Restaurants 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.