Darden Restaurants, Inc., through its subsidiaries, owns and operates full-service restaurants in the United States and Canada. As of June 27, 2017, it owned and operated approximately 1,700 restaurants under the Olive Garden, LongHorn Steakhouse, Cheddar's Scratch Kitchen, Yard House, The Capital Grille, Seasons 52, Bahama Breeze, and Eddie V's brands. The company was founded in 1968 and is based in Orlando, Florida.
Industry, Sector and Symbol
Industry Eating places
Sub-IndustryRestaurants
SectorRetail/Wholesale
SymbolNYSE:DRI
CUSIP23719410
Phone407-245-4000
Debt
Debt-to-Equity Ratio0.44
Current Ratio0.39
Quick Ratio0.25
Price-To-Earnings
Trailing P/E Ratio27.08
Forward P/E Ratio22.82
P/E Growth1.58
Sales & Book Value
Annual Sales$7.17 billion
Price / Sales1.88
Cash Flow$7.3264 per share
Price / Cash14.86
Book Value$16.90 per share
Price / Book6.44
Profitability
EPS (Most Recent Fiscal Year)$4.02
Net Income$479.10 million
Net Margins6.92%
Return on Equity28.12%
Return on Assets10.81%
Miscellaneous
Employees175,000
Outstanding Shares123,530,000
Darden Restaurants (NYSE:DRI) Frequently Asked Questions
What is Darden Restaurants' stock symbol?
Darden Restaurants trades on the New York Stock Exchange (NYSE) under the ticker symbol "DRI."
How often does Darden Restaurants pay dividends? What is the dividend yield for Darden Restaurants?
Darden Restaurants declared a quarterly dividend on Thursday, June 21st. Shareholders of record on Tuesday, July 10th will be given a dividend of $0.75 per share on Wednesday, August 1st. This represents a $3.00 annualized dividend and a yield of 2.76%. This is an increase from Darden Restaurants's previous quarterly dividend of $0.63. View Darden Restaurants' Dividend History.
How were Darden Restaurants' earnings last quarter?
Darden Restaurants, Inc. (NYSE:DRI) announced its quarterly earnings results on Thursday, June, 21st. The restaurant operator reported $1.39 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $1.35 by $0.04. The restaurant operator earned $2.13 billion during the quarter, compared to the consensus estimate of $2.13 billion. Darden Restaurants had a net margin of 6.92% and a return on equity of 28.12%. Darden Restaurants's quarterly revenue was up 10.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.99 earnings per share. View Darden Restaurants' Earnings History.
What guidance has Darden Restaurants issued on next quarter's earnings?
Darden Restaurants issued an update on its FY19 earnings guidance on Thursday, June, 21st. The company provided EPS guidance of $5.40-5.56 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $5.41. The company issued revenue guidance of $8.4-8.48 billion (+4-5%), compared to the consensus revenue estimate of $8.44 billion.
What price target have analysts set for DRI?
25 analysts have issued 1-year target prices for Darden Restaurants' shares. Their predictions range from $87.00 to $125.00. On average, they anticipate Darden Restaurants' stock price to reach $103.8636 in the next year. View Analyst Ratings for Darden Restaurants.
What are Wall Street analysts saying about Darden Restaurants stock?
Here are some recent quotes from research analysts about Darden Restaurants stock:
- 1. According to Zacks Investment Research, "Darden’s shares outpaced its industry in the last six months. Most of its brands have witnessed growth over the past few quarters, given various sales initiatives like simplifying kitchen systems, operational excellence, menu innovation along with technology-driven moves. The acquisition of Cheddar's has added value to Darden's portfolio of differentiated brands. Further, the company’s efforts to check costs are commendable. Backed by these efforts, Darden’s third-quarter fiscal 2018 earnings topped the Zacks Consensus Estimate for the 14th consecutive quarter. Yet, rising labor costs and a non-franchised business model are likely to dampen the company’s profits while a soft industry backdrop might pressurize comps. However current-year estimates have moved northward over the past two months, reflecting analysts’ optimism surrounding the stock." (6/11/2018)
- 2. Maxim Group analysts commented, "We maintain our Buy rating and $112 price target on Darden Restaurants (DRI) ahead of the release of F3Q18 (February) results on Thursday, March 22. Our F3Q18 EPS estimate is unchanged at $1.65 (vs. $1.64 consensus), though we raise our blended comp estimate to +2.9%, from +2.6% (vs. +2.5% consensus), as we model incremental traffic and off-premise gains. We believe multiple factors will contribute to sustained mid-teen EPS growth for at least the next 12-18 months. We still see room for potential near-term downside on food costs." (3/14/2018)
Who are some of Darden Restaurants' key competitors?
Some companies that are related to Darden Restaurants include Yum! Brands (YUM), Yum China (YUMC), Restaurant Brands International (QSR), Chipotle Mexican Grill (CMG), Aramark (ARMK), Texas Roadhouse (TXRH), Cracker Barrel Old Country Store (CBRL), Cheesecake Factory (CAKE), Jack in the Box (JACK), Main Street Capital (MAIN), Brinker International (EAT), Dave & Buster's Entertainment (PLAY), Bloomin' Brands (BLMN), Papa John's Int'l (PZZA) and Arcos Dorados (ARCO).
Who are Darden Restaurants' key executives?
Darden Restaurants' management team includes the folowing people:
- Mr. Eugene I. Lee Jr., Pres, CEO & Director (Age 56)
- Mr. Ricardo Cardenas, Sr. VP & CFO (Age 50)
- Mr. David C. George, Exec. VP & COO (Age 62)
- Mr. Matthew R. Broad, Sr. VP, Gen. Counsel, Chief Compliance Officer & Corp. Sec. (Age 58)
- Mr. Todd A. Burrowes, Pres of Longhorn Steakhouse (Age 55)
Has Darden Restaurants been receiving favorable news coverage?
Headlines about DRI stock have trended somewhat positive recently, according to Accern. The research firm rates the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Darden Restaurants earned a media sentiment score of 0.16 on Accern's scale. They also gave headlines about the restaurant operator an impact score of 46.75 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the near term.
Who are Darden Restaurants' major shareholders?
Darden Restaurants' stock is owned by many different of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (8.62%), American International Group Inc. (4.73%), Wells Fargo & Company MN (2.81%), Newport Trust Co (2.18%), Victory Capital Management Inc. (1.89%) and Northern Trust Corp (1.63%). Company insiders that own Darden Restaurants stock include Danielle L Kirgan, David C George, Douglas J Milanes, Eugene I Lee Jr, James P Fogarty and Ricardo Cardenas. 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 BlackRock Inc., DekaBank Deutsche Girozentrale, Northern Trust Corp, Royal Bank of Canada, Scout Investments Inc., Flinton Capital Management LLC, LSV Asset Management and Schroder Investment Management Group. Company insiders that have sold Darden Restaurants company stock in the last year include Douglas J Milanes, Eugene I Lee Jr and Ricardo Cardenas. View Insider Buying and Selling for Darden Restaurants.
Which institutional investors are buying Darden Restaurants stock?
DRI stock was purchased by a variety of institutional investors in the last quarter, including Lord Abbett & CO. LLC, Mackay Shields LLC, Millennium Management LLC, American Century Companies Inc., Victory Capital Management Inc., Highbridge Capital Management LLC, BNP Paribas Arbitrage SA and Pendal Group Ltd. View Insider Buying and Selling for Darden Restaurants.
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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Darden Restaurants' stock price today?
One share of DRI stock can currently be purchased for approximately $108.87.
How big of a company is Darden Restaurants?
Darden Restaurants has a market capitalization of $11.52 billion and generates $7.17 billion in revenue each year. The restaurant operator earns $479.10 million in net income (profit) each year or $4.02 on an earnings per share basis. Darden Restaurants employs 175,000 workers across the globe.
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]
MarketBeat Community Rating for Darden Restaurants (DRI)
MarketBeat's community ratings are surveys of what our community members think about Darden Restaurants and other stocks. Vote "Outperform" if you believe DRI will outperform the S&P 500 over the long term. Vote "Underperform" if you believe DRI will underperform the S&P 500 over the long term. You may vote once every thirty days.
