Darden Restaurants Stock Forecast, Price & News

30 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Darden Restaurants in the last twelve months. There are currently 10 hold ratings and 20 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 saw a drop in short interest in the month of January. As of January 15th, there was short interest totaling 3,750,000 shares, a drop of 16.5% from the December 31st total of 4,490,000 shares. Based on an average daily volume of 1,790,000 shares, the days-to-cover ratio is currently 2.1 days.
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Darden Restaurants is scheduled to release its next quarterly earnings announcement on Thursday, March 18th 2021.
View our earnings forecast for Darden Restaurants.

Darden Restaurants, Inc. (NYSE:DRI) released its quarterly earnings data on Thursday, December, 17th. The restaurant operator reported $0.74 EPS for the quarter, topping the consensus estimate of $0.71 by $0.03. The restaurant operator had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.69 billion. Darden Restaurants had a negative net margin of 1.70% and a positive trailing twelve-month return on equity of 10.47%. Darden Restaurants's revenue was down 19.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.12 EPS.
View Darden Restaurants' earnings history.

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 shares have increased by 95.6% and is now trading at $137.33.
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Darden Restaurants announced a quarterly dividend on Friday, December 18th. Investors 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 1.08%. The ex-dividend date is Thursday, January 7th. This is a positive change 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 1.09%. 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 issued an update on its third quarter earnings guidance on Friday, December, 18th. The company provided earnings per share (EPS) guidance of $0.50-0.75 for the period, compared to the Thomson Reuters consensus 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 brokerages have issued twelve-month price targets for Darden Restaurants' stock. Their forecasts range from $58.00 to $140.00. On average, they anticipate Darden Restaurants' share price to reach $114.18 in the next twelve months. This suggests that the stock has a possible downside of 16.9%.
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333 employees have rated Darden Restaurants CEO Gene Lee on Glassdoor.com. Gene Lee has an approval rating of 88% among Darden Restaurants' employees.

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), Texas Roadhouse (TXRH), The Wendy's (WEN), Cracker Barrel Old Country Store (CBRL), Brinker International (EAT), Papa John's International (PZZA), The Cheesecake Factory (CAKE), Jack in the Box (JACK), Bloomin' Brands (BLMN), Dine Brands Global (DIN) and BJ's Restaurants (BJRI).
View all of DRI's competitors.

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 many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (6.61%), Newport Trust Co (1.80%), Victory Capital Management Inc. (1.61%), Northern Trust Corp (1.24%), JPMorgan Chase & Co. (1.03%) and Nuveen Asset Management LLC (0.91%). 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 and Todd Burrowes.
View institutional ownership trends for Darden Restaurants.

DRI stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Victory Capital Management Inc., Janus Henderson Group PLC, Viking Global Investors LP, Aviva PLC, JPMorgan Chase & Co., Carlson Capital L P, and Russell Investments Group Ltd.. Company insiders that have sold Darden Restaurants company stock in the last year include Daniel J Kiernan, Eugene I Lee Jr, John W Madonna, Melvin John Martin, and Nana Mensah.
View insider buying and selling activity for Darden Restaurants or view top insider-selling stocks.

DRI stock was bought by a variety of institutional investors in the last quarter, including D1 Capital Partners L.P., Nuveen Asset Management LLC, National Pension Service, Clark Capital Management Group Inc., Mizuho Markets Americas LLC, Strs Ohio, Nomura Asset Management Co. Ltd., and Amundi Pioneer Asset Management 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.
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One share of DRI stock can currently be purchased for approximately $137.33.

Darden Restaurants has a market capitalization of $17.90 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.

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.

Darden Restaurants was founded in 1968.

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

Darden Restaurants is headquartered at 1000 DARDEN CENTER DRIVE, ORLANDO FL, 32837.

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]