Darden Restaurants Stock Forecast, Price & News

-4.35 (-2.90 %)
(As of 07/30/2021 12:00 AM ET)
Today's Range
50-Day Range
52-Week Range
Volume1.75 million shs
Average Volume1.62 million shs
Market Capitalization$19.08 billion
P/E Ratio30.58
Dividend Yield2.93%
30 days | 90 days | 365 days | Advanced Chart
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About Darden Restaurants

Darden Restaurants, Inc., through its subsidiaries, owns and operates full-service restaurants in the United States and Canada. As of May 31, 2020, it owned and operated approximately 1,804 restaurants, which included 868 under the Olive Garden, 522 under the LongHorn Steakhouse, 165 under the Cheddar's Scratch Kitchen, 81 under the Yard House, 60 under The Capital Grille, 44 under the Seasons 52, 41 under the Bahama Breeze, and 23 under the Eddie V's Prime Seafood brands. The company was founded in 1968 and is based in Orlando, Florida.


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Industry, Sector and Symbol

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Overall MarketRank

2.22 out of 5 stars

Retail/Wholesale Sector

58th out of 411 stocks

Eating Places Industry

11th out of 67 stocks

Analyst Opinion: 2.4Community Rank: 3.5Dividend Strength: 1.7Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -
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Darden Restaurants (NYSE:DRI) Frequently Asked Questions

Is Darden Restaurants a buy right now?

27 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Darden Restaurants in the last year. There are currently 5 hold ratings and 22 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Darden Restaurants stock.
View analyst ratings for Darden Restaurants
or view top-rated stocks.

What stocks does MarketBeat like better than Darden Restaurants?

Wall Street analysts have given Darden Restaurants a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Darden Restaurants wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Darden Restaurants?

Darden Restaurants saw a increase in short interest in the month of July. As of July 15th, there was short interest totaling 3,980,000 shares, an increase of 38.7% from the June 30th total of 2,870,000 shares. Based on an average trading volume of 1,490,000 shares, the short-interest ratio is presently 2.7 days. Currently, 3.1% of the company's stock are sold short.
View Darden Restaurants' Short Interest

When is Darden Restaurants' next earnings date?

Darden Restaurants is scheduled to release its next quarterly earnings announcement on Thursday, September 23rd 2021.
View our earnings forecast for Darden Restaurants

How were Darden Restaurants' earnings last quarter?

Darden Restaurants, Inc. (NYSE:DRI) released its quarterly earnings data on Wednesday, June, 23rd. The restaurant operator reported $2.03 earnings per share for the quarter, beating the Zacks' consensus estimate of $1.80 by $0.23. The restaurant operator earned $2.28 billion during the quarter, compared to the consensus estimate of $2.20 billion. Darden Restaurants had a net margin of 8.74% and a trailing twelve-month return on equity of 22.25%. The company's quarterly revenue was up 79.5% compared to the same quarter last year. During the same period last year, the business earned ($1.24) earnings per share.
View Darden Restaurants' earnings history

How has Darden Restaurants' stock price been impacted by Coronavirus?

Darden Restaurants' stock was trading at $70.21 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, DRI stock has increased by 107.8% and is now trading at $145.88.
View which stocks have been most impacted by COVID-19

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

Darden Restaurants announced a quarterly dividend on Thursday, June 24th. Shareholders of record on Friday, July 9th will be paid a dividend of $1.10 per share on Monday, August 2nd. This represents a $4.40 annualized dividend and a dividend yield of 3.02%. The ex-dividend date of this dividend is Thursday, July 8th. This is an increase from Darden Restaurants's previous quarterly dividend of $0.88.
View Darden Restaurants' dividend history

Is Darden Restaurants a good dividend stock?

Darden Restaurants pays an annual dividend of $4.40 per share and currently has a dividend yield of 2.93%. Darden Restaurants does not yet have a strong track record of dividend growth. The dividend payout ratio of Darden Restaurants is 102.09%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, Darden Restaurants will have a dividend payout ratio of 52.82% next year. This indicates that Darden Restaurants will be able to sustain or increase its dividend.
View Darden Restaurants' dividend history.

How will Darden Restaurants' stock buyback program work?

Darden Restaurants announced that its Board of Directors has approved a stock buyback plan on Thursday, March 25th 2021, which permits the company to repurchase $500,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to repurchase up to 2.7% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's leadership believes its stock is undervalued.

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

Darden Restaurants updated its FY 2022 earnings guidance on Thursday, July, 22nd. The company provided earnings per share (EPS) guidance of $7.000-$7.500 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $7.210. The company issued revenue guidance of $9.20 billion-$9.50 billion, compared to the consensus revenue estimate of $9.22 billion.

What price target have analysts set for DRI?

27 equities research analysts have issued 1-year target prices for Darden Restaurants' stock. Their forecasts range from $108.00 to $175.00. On average, they expect Darden Restaurants' share price to reach $155.22 in the next twelve months. This suggests a possible upside of 6.4% from the stock's current price.
View analysts' price targets for Darden Restaurants
or view top-rated stocks among Wall Street analysts.

Who are Darden Restaurants' key executives?

Darden Restaurants' management team includes the following people:
  • Mr. Eugene I. Lee Jr., CEO & Chairman (Age 59, Pay $3.51M)
  • Mr. Ricardo Cardenas, Pres & COO (Age 53, Pay $1.65M)
  • Mr. Todd A. Burrowes, Pres of Longhorn Steakhouse (Age 58, Pay $1.68M)
  • Mr. Daniel J. Kiernan, Pres of Olive Garden (Age 60, Pay $1.23M)
  • Kyle Holmes, Managing Partner
  • Mr. Jon Norem, Managing Partner
  • Mr. John Rucker, Managing Partner
  • Mr. Rajesh Vennam, Sr. VP, CFO & Treasurer (Age 46)
  • Mr. Christopher Chang, Sr. VP & Chief Information Officer
  • Mr. Kevin Kalicak, VP of Investor Relations & Corp. Analysis

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

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

Who are some of Darden Restaurants' key competitors?

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), The Boeing (BA), The Walt Disney (DIS), The 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 number of institutional and retail investors. Top institutional investors include TCW Group Inc. (0.23%), Scout Investments Inc. (0.15%), Alliancebernstein L.P. (0.15%), Gradient Investments LLC (0.06%), TIAA FSB (0.05%) and Oliver Luxxe Assets LLC (0.03%). Company insiders that own Darden Restaurants stock include Charles M Sonsteby, Daniel J Kiernan, David C George, Douglas J Milanes, Eugene I Lee Jr, Eugene I Lee, Jr, John W Madonna, M Shan Atkins, Matthew R Broad, Melvin John Martin, Nana Mensah, Ricardo Cardenas, Susan M Connelly and Todd Burrowes.
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 State of Alaska Department of Revenue, Capital Investment Advisory Services LLC, TIAA FSB, Old Port Advisors, Oliver Luxxe Assets LLC, First National Bank of South Miami, Freedman Financial Associates Inc., and Howland Capital Management LLC. Company insiders that have sold Darden Restaurants company stock in the last year include Daniel J Kiernan, Douglas J Milanes, Eugene I Lee Jr, Eugene I Lee, Jr, John W Madonna, Matthew R Broad, Melvin John Martin, Nana Mensah, Ricardo Cardenas, Susan M Connelly, and Todd Burrowes.
View insider buying and selling activity for Darden Restaurants
or view top insider-selling stocks.

Which institutional investors are buying Darden Restaurants stock?

DRI stock was purchased by a variety of institutional investors in the last quarter, including Gradient Investments LLC, Alliancebernstein L.P., Scout Investments Inc., TCW Group Inc., Brookstone Capital Management, IFM Investors Pty Ltd, Stratos Wealth Partners LTD., and Northstar Advisory Group LLC. Company insiders that have bought Darden Restaurants stock in the last two years include Charles M Sonsteby, David C George, Eugene I Lee Jr, M Shan Atkins, Matthew R Broad, Ricardo Cardenas, and Todd Burrowes.
View insider buying and selling activity for Darden Restaurants
or or view top insider-buying stocks.

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 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 $145.88.

How much money does Darden Restaurants make?

Darden Restaurants has a market capitalization of $19.08 billion and generates $7.20 billion in revenue each year. The restaurant operator earns $629.30 million in net income (profit) each year or $4.31 on an earnings per share basis.

How many employees does Darden Restaurants have?

Darden Restaurants employs 177,000 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.

When was Darden Restaurants founded?

Darden Restaurants was founded in 1968.

What is Darden Restaurants' official website?

The official website for Darden Restaurants is www.darden.com.

Where are Darden Restaurants' headquarters?

Darden Restaurants is headquartered at 1000 DARDEN CENTER DRIVE, ORLANDO FL, 32837.

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]

This page was last updated on 7/31/2021 by MarketBeat.com Staff
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