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Darden Restaurants - DRI Stock Forecast, Price & News

$129.01
-3.36 (-2.54%)
(As of 08/19/2022 03:59 PM ET)
Add
Compare
Today's Range
$128.31
$132.31
50-Day Range
$111.84
$134.35
52-Week Range
$110.96
$164.28
Volume
36,777 shs
Average Volume
1.06 million shs
Market Capitalization
$15.99 billion
P/E Ratio
17.43
Dividend Yield
3.65%
Price Target
$141.65

Darden Restaurants MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.85 Rating Score
Upside/​Downside
10.1% Upside
$141.65 Price Target
Short Interest
Healthy
3.91% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-2.34
Upright™ Environmental Score
News Sentiment
0.00mentions of Darden Restaurants in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
$5.23 M Sold Last Quarter
Proj. Earnings Growth
9.87%
From $7.70 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.

2.91 out of 5 stars

Retail/Wholesale Sector

66th out of 219 stocks

Eating Places Industry

14th out of 46 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.

Analyst Ratings Changes

DRI has been the subject of a number of research analyst reports. BMO Capital Markets began coverage on Darden Restaurants in a report on Friday, June 24th. They set a "hold" rating and a $130.00 target price for the company. Robert W. Baird reduced their price target on shares of Darden Restaurants from $160.00 to $146.00 and set an "outperform" rating for the company in a research report on Tuesday, June 21st. Truist Financial cut their price target on Darden Restaurants from $180.00 to $136.00 and set a "buy" rating for the company in a report on Friday, June 24th. Wedbush decreased their price target on shares of Darden Restaurants from $140.00 to $122.00 and set a "neutral" rating for the company in a research report on Friday, June 24th. Finally, UBS Group reduced their price target on shares of Darden Restaurants from $172.00 to $155.00 in a research report on Friday, June 17th. Four research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $141.65.

Darden Restaurants Stock Performance

Shares of Darden Restaurants stock traded down $3.56 during trading hours on Friday, reaching $128.81. 9,609 shares of the stock traded hands, compared to its average volume of 1,063,606. Darden Restaurants has a one year low of $110.96 and a one year high of $164.28. The company has a quick ratio of 0.49, a current ratio of 0.64 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $15.97 billion, a price-to-earnings ratio of 17.89, a P/E/G ratio of 1.75 and a beta of 1.31. The company has a 50 day moving average price of $120.40 and a 200 day moving average price of $127.78.

Darden Restaurants (NYSE:DRI - Get Rating) last announced its quarterly earnings data on Thursday, June 23rd. The restaurant operator reported $2.24 EPS for the quarter, beating the consensus estimate of $2.21 by $0.03. Darden Restaurants had a return on equity of 39.05% and a net margin of 9.89%. The company had revenue of $2.60 billion for the quarter, compared to the consensus estimate of $2.54 billion. On average, equities research analysts expect that Darden Restaurants will post 7.7 earnings per share for the current fiscal year.

Darden Restaurants Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 1st. Shareholders of record on Friday, July 8th were issued a $1.21 dividend. This is a positive change from Darden Restaurants's previous quarterly dividend of $1.10. This represents a $4.84 annualized dividend and a yield of 3.76%. The ex-dividend date of this dividend was Thursday, July 7th. Darden Restaurants's dividend payout ratio (DPR) is presently 65.41%.

Insider Activity

In other Darden Restaurants news, Chairman Eugene I. Lee, Jr. sold 41,442 shares of Darden Restaurants stock in a transaction on Tuesday, August 2nd. The stock was sold at an average price of $124.71, for a total value of $5,168,231.82. Following the sale, the chairman now owns 222,480 shares in the company, valued at $27,745,480.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Chairman Eugene I. Lee, Jr. sold 41,442 shares of the business's stock in a transaction dated Tuesday, August 2nd. The stock was sold at an average price of $124.71, for a total value of $5,168,231.82. Following the completion of the sale, the chairman now directly owns 222,480 shares of the company's stock, valued at approximately $27,745,480.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Nana Mensah sold 567 shares of the business's stock in a transaction that occurred on Friday, July 15th. The stock was sold at an average price of $117.03, for a total value of $66,356.01. Following the transaction, the director now owns 10 shares in the company, valued at approximately $1,170.30. The disclosure for this sale can be found here. Company insiders own 0.93% of the company's stock.

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DRI Stock News Headlines

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Darden Restaurants (NYSE:DRI) Raised to "Buy" at StockNews.com
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CEO Of Darden Restaurants Sold $185K In Stock
Have restaurant stocks reached a bottom?
See More Headlines
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DRI Company Calendar

Last Earnings
6/23/2022
Ex-Dividend for 8/1 Dividend
7/07/2022
Dividend Payable
8/01/2022
Today
8/19/2022
Next Earnings (Estimated)
9/22/2022
Fiscal Year End
5/31/2023

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
$141.65
High Stock Price Forecast
$160.00
Low Stock Price Forecast
$122.00
Forecasted Upside/Downside
+9.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.85
Research Coverage
20 Analysts

Profitability

Net Income
$952.80 million
Pretax Margin
11.35%

Debt

Sales & Book Value

Annual Sales
$9.63 billion
Cash Flow
$10.38 per share
Book Value
$17.74 per share

Miscellaneous

Free Float
122,793,000
Market Cap
$15.99 billion
Optionable
Optionable
Beta
1.31

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 analysts have issued 12 month target prices for Darden Restaurants' shares. Their DRI share price forecasts range from $122.00 to $160.00. On average, they anticipate the company's share price to reach $141.65 in the next year. This suggests a possible upside of 7.0% 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 start of the year. Since then, DRI stock has decreased by 12.1% and is now trading at $132.37.
View the best growth stocks for 2022 here
.

When is Darden Restaurants' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, September 22nd 2022.
View our DRI earnings forecast
.

How were Darden Restaurants' earnings last quarter?

Darden Restaurants, Inc. (NYSE:DRI) announced its quarterly earnings data 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 the consensus estimate of $2.54 billion. Darden Restaurants had a trailing twelve-month return on equity of 39.05% and a net margin of 9.89%.

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

Darden Restaurants declared a quarterly dividend on Thursday, June 23rd. Investors of record on Friday, July 8th will be given a dividend of $1.21 per share on Monday, August 1st. This represents a $4.84 annualized dividend and a dividend yield of 3.66%. The ex-dividend date of this dividend is Thursday, July 7th. This is an increase from the stock's previous quarterly dividend of $1.10.
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 3.65%. 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 65.41%. 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 declared that its board has initiated a stock buyback plan on Thursday, June 23rd 2022, which allows the company to buyback $1,000,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to purchase up to 6.6% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's management believes its stock is undervalued.

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

Darden Restaurants issued an update on 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.

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."

Who are Darden Restaurants' major shareholders?

Darden Restaurants' stock is owned by a variety of retail and institutional investors. Top institutional investors include State Street Corp (4.03%), Newport Trust Co (1.75%), Northern Trust Corp (1.19%), Wells Fargo & Company MN (0.79%), Macquarie Group Ltd. (0.57%) and Congress Asset Management Co. MA (0.50%). Insiders that own company 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.
View institutional ownership trends
.

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 $132.37.

How much money does Darden Restaurants make?

Darden Restaurants (NYSE:DRI) has a market capitalization of $16.41 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.

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
When was Darden Restaurants founded?

Darden Restaurants was founded in 1968.

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 8/19/2022 by MarketBeat.com Staff

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