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NYSE:DRI

Darden Restaurants Stock Forecast, Price & News

$109.95
-0.63 (-0.57 %)
(As of 11/27/2020 12:00 AM ET)
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Today's Range
$109.12
Now: $109.95
$111.64
50-Day Range
$90.19
MA: $102.26
$120.55
52-Week Range
$26.15
Now: $109.95
$125.96
Volume613,700 shs
Average Volume2.75 million shs
Market Capitalization$14.32 billion
P/E RatioN/A
Dividend Yield1.09%
Beta1.41
Darden Restaurants, Inc., through its subsidiaries, owns and operates full-service restaurants in the United States and Canada. As of May 31, 2020, it owned and operated approximately 1,804 restaurants, which included 868 under the Olive Garden, 522 under the LongHorn Steakhouse, 165 under the Cheddar's Scratch Kitchen, 81 under the Yard House, 60 under The Capital Grille, 44 under the Seasons 52, 41 under the Bahama Breeze, and 23 under the Eddie V's Prime Seafood brands. The company was founded in 1968 and is based in Orlando, Florida.
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Darden Restaurants logo

Beat the Market (BTM) Rank

Analyst Opinion: 2.3Community Rank: 2.6Dividend Strength: 1.7Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.02 out of 5 stars


Industry, Sector and Symbol

Industry Eating places
Sub-IndustryRestaurants
CUSIP23719410
Phone407-245-4000
Employees177,895

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$7.81 billion
Cash Flow$5.73 per share
Book Value$17.95 per share

Profitability

Net Income$-52,400,000.00

Miscellaneous

Market Cap$14.32 billion
Next Earnings Date12/18/2020 (Confirmed)
OptionableOptionable
$109.95
-0.63 (-0.57 %)
(As of 11/27/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Darden Restaurants (NYSE:DRI) Frequently Asked Questions

How has Darden Restaurants' stock been impacted by COVID-19 (Coronavirus)?

Darden Restaurants' stock was trading at $70.21 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, DRI shares have increased by 56.6% and is now trading at $109.95.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Darden Restaurants?

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."
View analyst ratings for Darden Restaurants
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Darden Restaurants?

Wall Street analysts have given Darden Restaurants a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Darden Restaurants wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Darden Restaurants' next earnings date?

Darden Restaurants is scheduled to release its next quarterly earnings announcement on Friday, December 18th 2020.
View our earnings forecast for Darden Restaurants
.

How can I listen to Darden Restaurants' earnings call?

Darden Restaurants will be holding an earnings conference call on Friday, December 18th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Darden Restaurants' earnings last quarter?

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

How often does Darden Restaurants pay dividends? What is the dividend yield for Darden Restaurants?

Darden Restaurants declared a quarterly dividend on Thursday, September 24th. Shareholders of record on Friday, October 9th will be paid 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 1.09%. The ex-dividend date of this dividend is Thursday, October 8th.
View Darden Restaurants' dividend history
.

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

Darden Restaurants issued an update on its second quarter earnings guidance on Thursday, September, 24th. The company provided earnings per share guidance of $0.65-0.75 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.37. The company issued revenue guidance of $1.685 billion, compared to the consensus revenue estimate of $1.77 billion.

What price target have analysts set for DRI?

32 Wall Street analysts have issued 12 month price targets for Darden Restaurants' stock. Their forecasts range from $50.00 to $135.00. On average, they anticipate Darden Restaurants' share price to reach $103.31 in the next twelve months. This suggests that the stock has a possible downside of 6.0%.
View analysts' price targets for Darden Restaurants
.

Are investors shorting Darden Restaurants?

Darden Restaurants saw a decrease in short interest during the month of October. As of October 30th, there was short interest totaling 4,180,000 shares, a decrease of 25.2% from the October 15th total of 5,590,000 shares. Based on an average daily volume of 2,120,000 shares, the short-interest ratio is presently 2.0 days.
View Darden Restaurants' Short Interest
.

Who are some of Darden Restaurants' key competitors?

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), 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).

Who are Darden Restaurants' key executives?

Darden Restaurants' management team includes the following people:
  • Mr. Eugene I. Lee Jr., Pres, CEO & Director (Age 58, Pay $3.51M)
  • Mr. Ricardo Cardenas, Sr. VP & CFO (Age 52, Pay $1.65M)
  • Mr. Todd A. Burrowes, Pres of Longhorn Steakhouse (Age 57, Pay $1.68M)
  • Mr. Daniel J. Kiernan, Pres of Olive Garden (Age 59, Pay $1.23M)
  • Kyle Holmes, Managing Partner
  • Mr. Jon Norem, Managing Partner
  • Mr. John Rucker, Managing Partner
  • Mr. Christopher Chang, Sr. VP & Chief Information Officer
  • Mr. Kevin Kalicak, VP of Investor Relations & Corp. Analysis
  • Mr. Matthew R. Broad, Sr. VP, Gen. Counsel, Chief Compliance Officer & Corp. Sec. (Age 60)

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 many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (7.81%), State Street Corp (4.52%), Victory Capital Management Inc. (2.16%), Newport Trust Co (1.91%), Earnest Partners LLC (0.79%) and Soros Fund Management LLC (0.78%). 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
.

Which institutional investors are selling Darden Restaurants stock?

DRI stock was sold by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., AQR Capital Management LLC, State Street Corp, BlackRock Inc., Candlestick Capital Management LP, Arrowstreet Capital Limited Partnership, Wells Fargo & Company MN, and Skandinaviska Enskilda Banken AB publ. 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
.

Which institutional investors are buying Darden Restaurants stock?

DRI stock was acquired by a variety of institutional investors in the last quarter, including Great West Life Assurance Co. Can, MUFG Securities EMEA plc, QV Investors Inc., Soros Fund Management LLC, TCW Group Inc., Allianz Asset Management GmbH, SPX Equities Gestao de Recursos Ltda, and Graham Capital Management L.P.. 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
.

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, Robinhood, Fidelity, and Charles Schwab.

What is Darden Restaurants' stock price today?

One share of DRI stock can currently be purchased for approximately $109.95.

How big of a company is Darden Restaurants?

Darden Restaurants has a market capitalization of $14.32 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 177,895 workers across the globe.

What is Darden Restaurants' official website?

The official website for Darden Restaurants is www.darden.com.

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]

This page was last updated on 11/30/2020 by MarketBeat.com Staff

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