NYSE:DRI - Darden Restaurants Stock Price, News & Analysis

$117.10
+2.19 (+1.91 %)
(As of 08/18/2019 11:00 AM ET)
Today's Range
$114.64
Now: $117.10
$117.65
50-Day Range
$115.51
MA: $122.43
$126.00
52-Week Range
$95.83
Now: $117.10
$126.75
Volume829,000 shs
Average Volume1.03 million shs
Market Capitalization$14.41 billion
P/E Ratio20.12
Dividend Yield3.06%
Beta0.32
Darden Restaurants, Inc, through its subsidiaries, owns and operates full-service restaurants in the United States and Canada. As of May 27, 2018, it owned and operated approximately 1,746 restaurants under the Olive Garden, LongHorn Steakhouse, Cheddar's Scratch Kitchen, Yard House, The Capital Grille, Bahama Breeze, Seasons 52, and Eddie V's brands. Read More…

Industry, Sector and Symbol

Industry Eating places
Sub-IndustryRestaurants
SectorRetail/Wholesale
CUSIP23719410
Phone407-245-4000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$8.51 billion
Cash Flow$8.8311 per share
Book Value$19.44 per share

Profitability

Net Income$713.40 million

Miscellaneous

Employees185,000
Market Cap$14.41 billion
Next Earnings Date9/19/2019 (Estimated)
OptionableOptionable

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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 declared a quarterly dividend on Thursday, June 20th. Investors of record on Wednesday, July 10th will be given a dividend of $0.88 per share on Thursday, August 1st. This represents a $3.52 annualized dividend and a dividend yield of 3.01%. The ex-dividend date of this dividend is Tuesday, July 9th. This is a positive change from Darden Restaurants's previous quarterly dividend of $0.75. View Darden Restaurants' Dividend History.

How were Darden Restaurants' earnings last quarter?

Darden Restaurants, Inc. (NYSE:DRI) issued its earnings results on Thursday, June, 20th. The restaurant operator reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.73 by $0.03. The restaurant operator earned $2.23 billion during the quarter, compared to analysts' expectations of $2.24 billion. Darden Restaurants had a return on equity of 31.61% and a net margin of 8.38%. The business's revenue was up 4.5% on a year-over-year basis. During the same quarter last year, the business posted $1.39 earnings per share. View Darden Restaurants' Earnings History.

When is Darden Restaurants' next earnings date?

Darden Restaurants is scheduled to release their next quarterly earnings announcement on Thursday, September 19th 2019. View Earnings Estimates for Darden Restaurants.

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

Darden Restaurants updated its FY20 earnings guidance on Thursday, June, 20th. The company provided earnings per share (EPS) guidance of $6.30-6.45 for the period, compared to the Thomson Reuters consensus EPS estimate of $6.46. The company issued revenue guidance of $8961.5-9047 million, compared to the consensus revenue estimate of $9.09 billion.

What price target have analysts set for DRI?

26 analysts have issued 12 month target prices for Darden Restaurants' stock. Their predictions range from $94.00 to $240.00. On average, they expect Darden Restaurants' share price to reach $130.99 in the next year. This suggests a possible upside of 11.9% from the stock's current price. View Analyst Price Targets for Darden Restaurants.

What is the consensus analysts' recommendation for Darden Restaurants?

26 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Darden Restaurants in the last year. There are currently 1 sell rating, 9 hold ratings and 16 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Darden Restaurants.

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 in a year. Darden’s earnings met/surpassed the Zacks Consensus Estimate for 18 straight quarters. Estimates for current quarter and year have increased over the past 60 days. Backed by its various sales initiatives and technology-driven moves, the top line is likely to improve in the months ahead. The company’s efforts to check costs are commendable. In fiscal 2018, management realized roughly $10 million of cost synergies and expects to realize the same in the range of $22-$27 million by the end of fiscal 2019. Further, the Cheddar's buyout has added value to Darden's portfolio of differentiated brands. Current-year earnings estimates have also moved north over the past month. However, fierce competition and softer-than-expected consumer demand might keep comps under pressure. Also, rising labor costs and a non-franchised business model may dampen profits." (6/12/2019)
  • 2. Maxim Group analysts commented, "We maintain our Buy rating on Darden Restaurants (DRI) and raise our price target to $128, from $122, ahead of the release of F3Q19 (February) results on Thursday, March 21 before the open." (3/19/2019)

Has Darden Restaurants been receiving favorable news coverage?

Media coverage about DRI stock has been trending negative this week, InfoTrie Sentiment reports. InfoTrie rates the sentiment of press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Darden Restaurants earned a news sentiment score of -2.3 on InfoTrie's scale. They also gave news articles about the restaurant operator a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the near term. View News Stories for Darden Restaurants.

Are investors shorting Darden Restaurants?

Darden Restaurants saw a drop in short interest in the month of July. As of July 15th, there was short interest totalling 6,647,800 shares, a drop of 6.7% from the June 15th total of 7,121,700 shares. Based on an average daily trading volume, of 1,380,000 shares, the days-to-cover ratio is currently 4.8 days. Approximately 5.4% of the shares of the company are short sold. View Darden Restaurants' Current Options Chain.

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 Boeing (BA), Walt Disney (DIS), Home Depot (HD), Johnson & Johnson (JNJ), Cisco Systems (CSCO), NVIDIA (NVDA), Tesla (TSLA), Walmart (WMT), Costco Wholesale (COST) and Intel (INTC).

Who are Darden Restaurants' key executives?

Darden Restaurants' management team includes the folowing people:
  • Mr. Eugene I. Lee Jr., Pres, CEO & Director (Age 57)
  • Mr. Ricardo Cardenas, Sr. VP & CFO (Age 51)
  • Mr. David C. George, Exec. VP & COO (Age 63)
  • Mr. Matthew R. Broad, Sr. VP, Gen. Counsel, Chief Compliance Officer & Corp. Sec. (Age 59)
  • Mr. Todd A. Burrowes, Pres of Longhorn Steakhouse (Age 56)

Who are Darden Restaurants' major shareholders?

Darden Restaurants' stock is owned by many different of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (12.16%), BlackRock Inc. (11.21%), Bank of America Corp DE (4.00%), Newport Trust Co (2.12%), AQR Capital Management LLC (1.93%) and Price T Rowe Associates Inc. MD (1.92%). Company insiders that own Darden Restaurants stock include Daniel J Kiernan, 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 major investors are selling Darden Restaurants stock?

DRI stock was sold by a variety of institutional investors in the last quarter, including AQR Capital Management LLC, Bessemer Group Inc., Waratah Capital Advisors Ltd., Acadian Asset Management LLC, Russell Investments Group Ltd., Janus Henderson Group PLC, Janus Henderson Group PLC and Edgestream Partners L.P.. Company insiders that have sold Darden Restaurants company stock in the last year include Daniel J Kiernan, David C George, Eugene I Lee Jr, John W Madonna, Ricardo Cardenas and William S Simon. View Insider Buying and Selling for Darden Restaurants.

Which major investors are buying Darden Restaurants stock?

DRI stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Vanguard Group Inc., Nuveen Asset Management LLC, DekaBank Deutsche Girozentrale, APG Asset Management N.V., Teacher Retirement System of Texas, Victory Capital Management Inc. and Natixis. 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 $117.10.

How big of a company is Darden Restaurants?

Darden Restaurants has a market capitalization of $14.41 billion and generates $8.51 billion in revenue each year. The restaurant operator earns $713.40 million in net income (profit) each year or $5.82 on an earnings per share basis. Darden Restaurants employs 185,000 workers across the globe.View Additional Information About Darden Restaurants.

What is Darden Restaurants' official website?

The official website for Darden Restaurants is http://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]


MarketBeat Community Rating for Darden Restaurants (NYSE DRI)

Community Ranking:  2.6 out of 5 (star star)
Outperform Votes:  886 (Vote Outperform)
Underperform Votes:  799 (Vote Underperform)
Total Votes:  1,685
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.
This page was last updated on 8/18/2019 by MarketBeat.com Staff

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