Darden Restaurants Stock Forecast, Price & News

Darden Restaurants' stock was trading at $70.21 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, DRI shares have increased by 56.6% and is now trading at $109.95.
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32 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Darden Restaurants in the last year. There are currently 13 hold ratings and 19 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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Darden Restaurants is scheduled to release its next quarterly earnings announcement on Friday, December 18th 2020.
View our earnings forecast for Darden Restaurants.

Darden Restaurants will be holding an earnings conference call on Friday, December 18th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Darden Restaurants, Inc. (NYSE:DRI) posted its quarterly earnings data on Thursday, September, 24th. The restaurant operator reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.51. The restaurant operator earned $1.53 billion during the quarter, compared to the consensus estimate of $1.55 billion. Darden Restaurants had a negative net margin of 2.60% and a positive return on equity of 12.45%. The business's revenue for the quarter was down 28.6% compared to the same quarter last year. During the same period last year, the company posted $1.38 EPS.
View Darden Restaurants' earnings history.

Darden Restaurants declared a quarterly dividend on Thursday, September 24th. Shareholders of record on Friday, October 9th will be paid a dividend of $0.30 per share on Monday, November 2nd. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date of this dividend is Thursday, October 8th.
View Darden Restaurants' dividend history.

Darden Restaurants issued an update on its second quarter earnings guidance on Thursday, September, 24th. The company provided earnings per share guidance of $0.65-0.75 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.37. The company issued revenue guidance of $1.685 billion, compared to the consensus revenue estimate of $1.77 billion.

32 Wall Street analysts have issued 12 month price targets for Darden Restaurants' stock. Their forecasts range from $50.00 to $135.00. On average, they anticipate Darden Restaurants' share price to reach $103.31 in the next twelve months. This suggests that the stock has a possible downside of 6.0%.
View analysts' price targets for Darden Restaurants.

Darden Restaurants saw a decrease in short interest during the month of October. As of October 30th, there was short interest totaling 4,180,000 shares, a decrease of 25.2% from the October 15th total of 5,590,000 shares. Based on an average daily volume of 2,120,000 shares, the short-interest ratio is presently 2.0 days.
View Darden Restaurants' Short Interest.

Some companies that are related to Darden Restaurants include McDonald's (MCD), Starbucks (SBUX), Chipotle Mexican Grill (CMG), Yum! Brands (YUM), Domino's Pizza (DPZ), Dunkin' Brands Group (DNKN), Texas Roadhouse (TXRH), The Wendy's (WEN), Cracker Barrel Old Country Store (CBRL), Papa John's International (PZZA), Brinker International (EAT), Jack in the Box (JACK), The Cheesecake Factory (CAKE), Bloomin' Brands (BLMN) and Dine Brands Global (DIN).
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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).

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

Darden Restaurants' stock is owned by many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (7.81%), State Street Corp (4.52%), Victory Capital Management Inc. (2.16%), Newport Trust Co (1.91%), Earnest Partners LLC (0.79%) and Soros Fund Management LLC (0.78%). Company insiders that own Darden Restaurants stock include Charles M Sonsteby, Daniel J Kiernan, David C George, Douglas J Milanes, Eugene I Lee Jr, John W Madonna, M Shan Atkins, Matthew R Broad, Nana Mensah, Ricardo Cardenas, Todd Burrowes and William S Simon.
View institutional ownership trends for Darden Restaurants.

DRI stock was sold by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., AQR Capital Management LLC, State Street Corp, BlackRock Inc., Candlestick Capital Management LP, Arrowstreet Capital Limited Partnership, Wells Fargo & Company MN, and Skandinaviska Enskilda Banken AB publ. Company insiders that have sold Darden Restaurants company stock in the last year include Douglas J Milanes, and Nana Mensah.
View insider buying and selling activity for Darden Restaurants.

DRI stock was acquired by a variety of institutional investors in the last quarter, including Great West Life Assurance Co. Can, MUFG Securities EMEA plc, QV Investors Inc., Soros Fund Management LLC, TCW Group Inc., Allianz Asset Management GmbH, SPX Equities Gestao de Recursos Ltda, and Graham Capital Management L.P.. 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.

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, Robinhood, Fidelity, and Charles Schwab.

One share of DRI stock can currently be purchased for approximately $109.95.

Darden Restaurants has a market capitalization of $14.32 billion and generates $7.81 billion in revenue each year. The restaurant operator earns $-52,400,000.00 in net income (profit) each year or $3.13 on an earnings per share basis. Darden Restaurants employs 177,895 workers across the globe.

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

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]