Darden Restaurants Stock Forecast, Price & News

Darden Restaurants' stock was trading at $70.21 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, DRI stock has increased by 72.5% and is now trading at $121.08.
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30 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Darden Restaurants in the last twelve months. There are currently 12 hold ratings and 18 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Darden Restaurants stock.
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Darden Restaurants is scheduled to release its next quarterly earnings announcement on Thursday, March 18th 2021.
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Darden Restaurants, Inc. (NYSE:DRI) issued its quarterly earnings results on Thursday, December, 17th. The restaurant operator reported $0.74 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.71 by $0.03. The restaurant operator had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.69 billion. Darden Restaurants had a positive return on equity of 10.47% and a negative net margin of 1.70%. The firm's revenue for the quarter was down 19.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.12 EPS.
View Darden Restaurants' earnings history.

Darden Restaurants announced a quarterly dividend on Friday, December 18th. Shareholders of record on Friday, January 8th will be given a dividend of $0.37 per share on Monday, February 1st. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date is Thursday, January 7th. This is a boost from Darden Restaurants's previous quarterly dividend of $0.30.
View Darden Restaurants' dividend history.

Darden Restaurants pays an annual dividend of $1.48 per share and currently has a dividend yield of 1.19%. The dividend payout ratio of Darden Restaurants is 47.28%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Darden Restaurants will have a dividend payout ratio of 23.02% next year. This indicates that Darden Restaurants will be able to sustain or increase its dividend.
View Darden Restaurants' dividend history.

Darden Restaurants updated its third quarter earnings guidance on Friday, December, 18th. The company provided EPS guidance of $0.50-0.75 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.35. The company issued revenue guidance of 65-70% of Q3 LY to ~$1.53-1.64 billion, compared to the consensus revenue estimate of $2.01 billion.

30 brokers have issued twelve-month price targets for Darden Restaurants' shares. Their forecasts range from $50.00 to $140.00. On average, they anticipate Darden Restaurants' stock price to reach $110.40 in the next twelve months. This suggests that the stock has a possible downside of 8.8%.
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Darden Restaurants saw a increase in short interest in December. As of December 31st, there was short interest totaling 5,160,000 shares, an increase of 18.1% from the December 15th total of 4,370,000 shares. Based on an average daily volume of 2,010,000 shares, the days-to-cover ratio is presently 2.6 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), Bloomin' Brands (BLMN), The Cheesecake Factory (CAKE) 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 a variety of institutional and retail investors. Top institutional shareholders include Scout Investments Inc. (0.16%), State of Alaska Department of Revenue (0.02%), Fulton Bank N.A. (0.02%), CX Institutional (0.01%), Fruth Investment Management (0.01%) and IFM Investors Pty Ltd (0.01%). 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, Melvin John Martin, 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 Scout Investments Inc., First Citizens Bank & Trust Co., CX Institutional, State of Alaska Department of Revenue, Founders Capital Management LLC, First Hawaiian Bank, Fruth Investment Management, and First Midwest Bank Trust Division. Company insiders that have sold Darden Restaurants company stock in the last year include John W Madonna, Melvin John Martin, and Nana Mensah.
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DRI stock was bought by a variety of institutional investors in the last quarter, including Donaldson Capital Management LLC, Diversified Trust Co, Burke & Herbert Bank & Trust Co., New England Research & Management Inc., IFM Investors Pty Ltd, Louisiana State Employees Retirement System, Global Retirement Partners LLC, and Crossmark Global Holdings Inc.. 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 or or view top insider-buying stocks.

Shares of DRI 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.

One share of DRI stock can currently be purchased for approximately $121.08.

Darden Restaurants has a market capitalization of $15.78 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]