Darden Restaurants Stock Forecast, Price & News

Darden Restaurants' stock was trading at $70.21 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, DRI shares have increased by 41.8% and is now trading at $99.53.
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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 Thursday, December 17th 2020.
View our earnings forecast for Darden Restaurants.

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

Darden Restaurants declared a quarterly dividend on Thursday, September 24th. Investors of record on Friday, October 9th will be given 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 1.21%. 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 EPS guidance of $0.65-0.75 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.37. The company issued revenue guidance of $1.685 billion, compared to the consensus revenue estimate of $1.77 billion.

32 brokers have issued 12 month price targets for Darden Restaurants' shares. Their forecasts range from $50.00 to $135.00. On average, they anticipate Darden Restaurants' stock price to reach $100.06 in the next twelve months. This suggests a possible upside of 0.5% from the stock's current price.
View analysts' price targets for Darden Restaurants.

Darden Restaurants saw a decline in short interest during the month of September. As of September 15th, there was short interest totaling 5,610,000 shares, a decline of 10.0% from the August 31st total of 6,230,000 shares. Based on an average trading volume of 2,440,000 shares, the short-interest ratio is presently 2.3 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), Wendys (WEN), Texas Roadhouse (TXRH), 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), 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 institutional and retail investors. Top institutional shareholders include Scout Investments Inc. (0.21%), QV Investors Inc. (0.11%), Polaris Wealth Advisory Group LLC (0.07%), Standard Life Aberdeen plc (0.04%), Thompson Investment Management Inc. (0.04%) and Retirement Systems of Alabama (0.04%). 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 Candriam Luxembourg S.C.A., Ziegler Capital Management LLC, Fortem Financial Group LLC, Polaris Wealth Advisory Group LLC, Redpoint Investment Management Pty Ltd, Farmers & Merchants Trust Co of Chambersburg PA, State of Alaska Department of Revenue, and First Citizens Bank & Trust Co.. 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 purchased by a variety of institutional investors in the last quarter, including QV Investors Inc., International Assets Investment Management LLC, CX Institutional, Forsta AP Fonden, Nelson Van Denburg & Campbell Wealth Management Group LLC, Avantax Advisory Services Inc., Peregrine Capital Management LLC, and Harel Insurance Investments & Financial Services Ltd.. 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 $99.53.

Darden Restaurants has a market capitalization of $12.96 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 177,000 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]