S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
What's in Democrats' big bill? Climate, health care, savings
Dems push Biden climate, health priorities toward Senate OK
Shift in war's front seen as grain leaves Ukraine; plant hit
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
What's in Democrats' big bill? Climate, health care, savings
Dems push Biden climate, health priorities toward Senate OK
Shift in war's front seen as grain leaves Ukraine; plant hit
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
What's in Democrats' big bill? Climate, health care, savings
Dems push Biden climate, health priorities toward Senate OK
Shift in war's front seen as grain leaves Ukraine; plant hit
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
What's in Democrats' big bill? Climate, health care, savings
Dems push Biden climate, health priorities toward Senate OK
Shift in war's front seen as grain leaves Ukraine; plant hit

Darden Restaurants - DRI Stock Forecast, Price & News

$123.58
-2.20 (-1.75%)
(As of 08/5/2022 12:00 AM ET)
Add
Compare
Today's Range
$123.50
$125.87
50-Day Range
$111.84
$126.88
52-Week Range
$110.96
$164.28
Volume
667,236 shs
Average Volume
1.09 million shs
Market Capitalization
$15.32 billion
P/E Ratio
16.70
Dividend Yield
3.92%
Price Target
$141.65

Darden Restaurants MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.85 Rating Score
Upside/​Downside
14.6% Upside
$141.65 Price Target
Short Interest
Healthy
3.89% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-2.34
Upright™ Environmental Score
News Sentiment
-0.14mentions of Darden Restaurants in the last 14 days
Based on 5 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.

3.21 out of 5 stars

Retail/Wholesale Sector

4th out of 262 stocks

Eating Places Industry

1st out of 53 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 30, 2021, it owned and operated 1,834 restaurants, which included 875 under the Olive Garden, 533 under the LongHorn Steakhouse, 170 under the Cheddar's Scratch Kitchen, 81 under the Yard House, 63 under The Capital Grille, 44 under the Seasons 52, 42 under the Bahama Breeze, and 26 under the Eddie V's Prime Seafood brands. The company was founded in 1968 and is based in Orlando, Florida.

Darden Restaurants Stock Down 1.7 %

Shares of NYSE:DRI traded down $2.20 on Friday, hitting $123.58. 667,236 shares of the company's stock were exchanged, compared to its average volume of 1,092,657. The firm's 50-day moving average is $119.43 and its 200 day moving average is $128.12. The company has a market capitalization of $15.32 billion, a PE ratio of 16.70, a P/E/G ratio of 1.63 and a beta of 1.31. Darden Restaurants has a 1-year low of $110.96 and a 1-year high of $164.28. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.49 and a current ratio of 0.64.

Darden Restaurants (NYSE:DRI - Get Rating) last released its quarterly earnings data on Thursday, June 23rd. The restaurant operator reported $2.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.21 by $0.03. The business had revenue of $2.60 billion during the quarter, compared to analysts' expectations of $2.54 billion. Darden Restaurants had a return on equity of 39.05% and a net margin of 9.89%. Sell-side analysts predict that Darden Restaurants will post 7.7 EPS for the current year.

Darden Restaurants Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 1st. Stockholders of record on Friday, July 8th were given a dividend of $1.21 per share. This is a boost from Darden Restaurants's previous quarterly dividend of $1.10. This represents a $4.84 annualized dividend and a dividend yield of 3.92%. The ex-dividend date was Thursday, July 7th. Darden Restaurants's dividend payout ratio is currently 65.41%.

Analyst Ratings Changes

A number of research firms have commented on DRI. Piper Sandler reduced their target price on Darden Restaurants from $153.00 to $150.00 and set an "overweight" rating on the stock in a research report on Friday, June 24th. Barclays reduced their target price on Darden Restaurants from $135.00 to $130.00 and set an "overweight" rating on the stock in a research report on Friday, June 24th. Oppenheimer reduced their target price on Darden Restaurants from $175.00 to $155.00 and set an "outperform" rating on the stock in a research report on Wednesday, June 22nd. UBS Group reduced their target price on Darden Restaurants from $172.00 to $155.00 in a research report on Friday, June 17th. Finally, KeyCorp reduced their target price on Darden Restaurants from $160.00 to $136.00 in a research report on Wednesday, June 15th. Three equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat.com, Darden Restaurants presently has an average rating of "Moderate Buy" and an average target price of $141.65.

Insider Transactions at Darden Restaurants

In other news, Director Nana Mensah sold 567 shares of the business's stock in a transaction dated Friday, July 15th. The stock was sold at an average price of $117.03, for a total value of $66,356.01. Following the completion of the sale, the director now directly owns 10 shares of the company's stock, valued at approximately $1,170.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Nana Mensah sold 567 shares of the business's stock in a transaction dated Friday, July 15th. The stock was sold at an average price of $117.03, for a total value of $66,356.01. Following the completion of the sale, the director now directly owns 10 shares of the company's stock, valued at approximately $1,170.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Eugene I. Lee, Jr. sold 41,442 shares of the business's stock in a transaction dated Tuesday, August 2nd. The shares were 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 $27,745,480.80. The disclosure for this sale can be found here. Insiders own 0.95% of the company's stock.

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DRI Stock News Headlines

Darden Restaurants (NYSE:DRI) Raised to "Buy" at StockNews.com
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
8/07/2022
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
+14.6%
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
$10.67 per share
Book Value
$17.74 per share

Miscellaneous

Free Float
122,769,000
Market Cap
$15.32 billion
Optionable
Optionable
Beta
1.31

Social Links















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 twelve months. 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" Darden Restaurants stock.
View analyst ratings for Darden Restaurants
or view top-rated stocks.

What is Darden Restaurants' stock price forecast for 2022?

20 Wall Street analysts have issued 1-year price objectives for Darden Restaurants' stock. Their DRI stock forecasts range from $122.00 to $160.00. On average, they expect Darden Restaurants' stock price to reach $141.65 in the next twelve months. This suggests a possible upside of 14.6% from the stock's current price.
View analysts' price targets for Darden Restaurants
or view top-rated stocks among Wall Street analysts.

How has Darden Restaurants' stock price performed in 2022?

Darden Restaurants' stock was trading at $150.64 on January 1st, 2022. Since then, DRI stock has decreased by 18.0% and is now trading at $123.58.
View the best growth stocks for 2022 here
.

When is Darden Restaurants' next earnings date?

Darden Restaurants is scheduled to release its next quarterly earnings announcement on Thursday, September 22nd 2022.
View our earnings forecast for Darden Restaurants
.

How were Darden Restaurants' earnings last quarter?

Darden Restaurants, Inc. (NYSE:DRI) posted its quarterly earnings results 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 analysts' expectations of $2.54 billion. Darden Restaurants had a net margin of 9.89% and a trailing twelve-month return on equity of 39.05%.

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 paid a dividend of $1.21 per share on Monday, August 1st. This represents a $4.84 dividend on an annualized basis and a dividend yield of 3.92%. The ex-dividend date of this dividend is Thursday, July 7th. This is a boost from Darden Restaurants's previous quarterly dividend of $1.10.
View Darden Restaurants' dividend history
.

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 3.92%. Darden Restaurants 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 of Darden Restaurants is 65.41%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Darden Restaurants will have a dividend payout ratio of 57.21% 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 authorized a share repurchase program on Thursday, June 23rd 2022, which permits the company to buyback $1,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to buy up to 6.6% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board of directors believes its stock is undervalued.

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

Darden Restaurants updated 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 CEO Gene Lee on Glassdoor.com. Gene Lee has an approval rating of 88% among Darden Restaurants' 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 shareholders include Congress Asset Management Co. MA (0.50%), Ardevora Asset Management LLP (0.38%), Sumitomo Mitsui Trust Holdings Inc. (0.31%), TCW Group Inc. (0.28%), Frontier Capital Management Co. LLC (0.23%) and Wedge Capital Management L L P NC (0.21%). Company insiders that own Darden Restaurants 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 for Darden Restaurants
.

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 $123.58.

How much money does Darden Restaurants make?

Darden Restaurants (NYSE:DRI) has a market capitalization of $15.32 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?

Darden Restaurants 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 Darden Restaurants 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 8/7/2022 by MarketBeat.com Staff

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