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
Stock Exchange NYSE
Industry Eating places
Sub-IndustryRestaurants
SectorRetail/Wholesale
SymbolNYSE:DRI
CUSIP23719410
Phone407-245-4000
Debt
Debt-to-Equity Ratio0.42
Current Ratio0.40
Quick Ratio0.25
Price-To-Earnings
Trailing P/E Ratio22.95
Forward P/E Ratio20.11
P/E Growth2.18
Sales & Book Value
Annual Sales$8.08 billion
Price / Sales1.69
Cash Flow$7.3293 per share
Price / Cash15.06
Book Value$17.77 per share
Price / Book6.21
Profitability
EPS (Most Recent Fiscal Year)$4.81
Net Income$596 million
Net Margins7.38%
Return on Equity29.02%
Return on Assets11.30%
Miscellaneous
Employees175,000
Outstanding Shares123,530,000
Market Cap$13,846.92
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 announced a quarterly dividend on Thursday, June 21st. Investors of record on Tuesday, July 10th will be paid a dividend of $0.75 per share on Wednesday, August 1st. This represents a $3.00 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date of this dividend is Monday, July 9th. This is a positive change 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) released its quarterly earnings data on Thursday, June, 21st. The restaurant operator reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.04. The restaurant operator earned $2.13 billion during the quarter, compared to analyst estimates of $2.13 billion. Darden Restaurants had a net margin of 7.38% and a return on equity of 29.02%. The company's quarterly revenue was up 10.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.99 EPS. View Darden Restaurants' Earnings History.
When is Darden Restaurants' next earnings date?
What guidance has Darden Restaurants issued on next quarter's earnings?
Darden Restaurants updated its FY19 earnings guidance on Thursday, June, 21st. The company provided earnings per share guidance of $5.40-5.56 for the period, compared to the Thomson Reuters consensus 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?
23 equities research analysts have issued 12-month price targets for Darden Restaurants' shares. Their predictions range from $95.00 to $128.00. On average, they anticipate Darden Restaurants' share price to reach $108.75 in the next year. This suggests that the stock has a possible downside of 1.5%. View Analyst Ratings for Darden Restaurants.
What is the consensus analysts' recommendation for Darden Restaurants?
23 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Darden Restaurants in the last year. There are currently 9 hold ratings and 14 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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, "Shares of Darden have outperformed the industry over the past year. We are further encouraged by the company’s impressive growth story. It reported better-than-expected results in the fourth quarter of fiscal 2018. Earnings and revenues not only surpassed analysts’ expectation but also grew 17.8% and 10.3%, respectively, from the year-ago quarter. The upside was driven by sales growth across every brand. Notably, the quarter marked the 15th consecutive earnings beat for the company. Going ahead, various sales initiatives and technology-driven moves are expected to further boost the top line. The company’s efforts to check costs are commendable. Current-year earnings estimates have also moved northward over the past month. However, tightened competition and softer-than-expected consumer demand can keep comps under pressure, while rising labor costs and a non-franchised business model may dampen its profits." (7/16/2018)
- 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), Restaurant Brands International (QSR), Yum China (YUMC), 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), Bloomin' Brands (BLMN), Dave & Buster's Entertainment (PLAY), Papa John's Int'l (PZZA) and Wingstop (WING).
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?
Press coverage about DRI stock has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research group scores the sentiment of news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Darden Restaurants earned a daily sentiment score of 0.17 on Accern's scale. They also assigned press coverage about the restaurant operator an impact score of 47.56 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company's share price in the next several days.
Who are Darden Restaurants' major shareholders?
Darden Restaurants' stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Scout Investments Inc. (0.31%), Bank of Montreal Can (0.27%), Retirement Systems of Alabama (0.23%), State of Alaska Department of Revenue (0.07%), Assenagon Asset Management S.A. (0.05%) and Calamos Advisors LLC (0.04%). Company insiders that own Darden Restaurants stock include Daniel J Kiernan, Danielle L Kirgan, David C George, Douglas J Milanes, Eugene I Lee Jr, John W Madonna, Ricardo Cardenas and William S Simon. 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 Gulf International Bank UK Ltd, Campbell & CO Investment Adviser LLC, Union Bankshares Corp, Gateway Investment Advisers LLC, First Citizens Bank & Trust Co., Cerebellum GP LLC and Farmers Trust Co.. Company insiders that have sold Darden Restaurants company stock in the last year include Daniel J Kiernan, David C George, Douglas J Milanes, Eugene I Lee Jr, John W Madonna, Ricardo Cardenas and William S Simon. View Insider Buying and Selling for Darden Restaurants.
Which institutional investors are buying Darden Restaurants stock?
DRI stock was acquired by a variety of institutional investors in the last quarter, including Scout Investments Inc., Retirement Systems of Alabama, Assenagon Asset Management S.A., Hudson Valley Investment Advisors Inc. ADV, State of Alaska Department of Revenue, Meag Munich Ergo Kapitalanlagegesellschaft MBH, Alethea Capital Management LLC and Calamos Advisors LLC. 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 $110.38.
How big of a company is Darden Restaurants?
Darden Restaurants has a market capitalization of $13.85 billion and generates $8.08 billion in revenue each year. The restaurant operator earns $596 million in net income (profit) each year or $4.81 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 (NYSE 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.
