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. The company was founded in 1968 and is based in Orlando, Florida.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Eating places
Sub-IndustryRestaurants
SectorRetail/Wholesale
SymbolNYSE:DRI
CUSIP23719410
Phone407-245-4000
Debt
Debt-to-Equity Ratio0.42
Current Ratio0.40
Quick Ratio0.25
Price-To-Earnings
Trailing P/E Ratio23.70
Forward P/E Ratio20.49
P/E Growth2.29
Sales & Book Value
Annual Sales$8.08 billion
Price / Sales1.73
Cash Flow$7.1404 per share
Price / Cash15.81
Book Value$17.77 per share
Price / Book6.35
Profitability
EPS (Most Recent Fiscal Year)$4.81
Net Income$596 million
Net Margins7.38%
Return on Equity29.02%
Return on Assets11.30%
Miscellaneous
Employees180,000
Outstanding Shares123,540,000
Market Cap$14.56 billion
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, September 20th. Investors of record on Wednesday, October 10th will be given a dividend of $0.75 per share on Thursday, November 1st. This represents a $3.00 dividend on an annualized basis and a yield of 2.66%. View Darden Restaurants' Dividend History.
How were Darden Restaurants' earnings last quarter?
Darden Restaurants, Inc. (NYSE:DRI) posted its quarterly earnings data on Thursday, September, 20th. The restaurant operator reported $1.34 earnings per share for the quarter, beating the Zacks' consensus estimate of $1.24 by $0.10. The restaurant operator had revenue of $2.06 billion for the quarter, compared to analyst estimates of $2.03 billion. Darden Restaurants had a net margin of 7.38% and a return on equity of 29.02%. The company's quarterly revenue was up 6.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.99 earnings per share. View Darden Restaurants' Earnings History.
When is Darden Restaurants' next earnings date?
What guidance has Darden Restaurants issued on next quarter's earnings?
Darden Restaurants updated its FY19 earnings guidance on Thursday, September, 20th. The company provided earnings per share (EPS) guidance of $5.52-5.65 for the period, compared to the Thomson Reuters consensus estimate of $5.55. The company issued revenue guidance of +5.0-5.5% to ~$8.48-8.52 billion, compared to the consensus revenue estimate of $8.46 billion.
What price target have analysts set for DRI?
24 brokerages have issued 1 year target prices for Darden Restaurants' shares. Their predictions range from $95.00 to $240.00. On average, they expect Darden Restaurants' stock price to reach $119.7727 in the next twelve months. This suggests a possible upside of 6.1% from the stock's current price. View Analyst Price Targets for Darden Restaurants.
What is the consensus analysts' recommendation for Darden Restaurants?
24 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Darden Restaurants in the last year. There are currently 10 hold ratings and 14 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. Maxim Group analysts commented, "DRI posted F1Q19 (August) pro forma EPS of $1.34, which beat our $1.26 estimate and the $1.24 Street mean. The company’s +3.3% blended comp also beat expectations, helped by stronger than expected sales at the fine dining brands. However, Cheddar’s remained a drag on overall performance with a -4.0% comp. The company raised FY19 EPS guidance to $5.52-$5.65, which brackets our $5.63 pre-release estimate and the $5.54 Street mean. Management also raised its blended comp target to positive 2.0%-2.5%, from positive 1.0%-2.0% (vs. +2.4% Maxim pre-release and +1.9% Street mean)." (9/20/2018)
- 2. According to Zacks Investment Research, "Darden’s shares have outpaced its industry in the past year. Most of its brands have witnessed growth over the past few quarters, given various sales initiatives like simplifying kitchen systems, operational excellence, menu innovation along with technology-driven moves. The acquisition of Cheddar's has added value to Darden's portfolio of differentiated brands. Further, the company’s efforts to check costs are commendable. Backed by these efforts, fourth-quarter fiscal 2018 marked the 15th consecutive earnings beat for Darden. Yet, rising labor costs and a non-franchised business model are likely to dampen the company’s profits while a soft industry backdrop might pressurize comps. However fiscal 2019 estimates have moved northward over the past two month, reflecting analysts’ optimism surrounding the stock." (8/22/2018)
Who are some of Darden Restaurants' key competitors?
Some companies that are related to Darden Restaurants include Yum! Brands (YUM), Restaurant Brands International (QSR), Chipotle Mexican Grill (CMG), Yum China (YUMC), Aramark (ARMK), Texas Roadhouse (TXRH), Cracker Barrel Old Country Store (CBRL), Dave & Buster's Entertainment (PLAY), Cheesecake Factory (CAKE), Main Street Capital (MAIN), Jack in the Box (JACK), Brinker International (EAT), Wingstop (WING), Bloomin' Brands (BLMN) and BJ's Restaurants (BJRI).
Who are Darden Restaurants' key executives?
Darden Restaurants' management team includes the folowing people:
- Mr. Eugene I. Lee Jr., Pres, CEO & Director (Age 56)
- Mr. Ricardo Cardenas, Sr. VP & CFO (Age 50)
- Mr. David C. George, Exec. VP & COO (Age 62)
- Mr. Matthew R. Broad, Sr. VP, Gen. Counsel, Chief Compliance Officer & Corp. Sec. (Age 58)
- Mr. Todd A. Burrowes, Pres of Longhorn Steakhouse (Age 55)
Has Darden Restaurants been receiving favorable news coverage?
News stories about DRI stock have been trending somewhat positive recently, according to Accern Sentiment. The research group rates the sentiment of news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Darden Restaurants earned a media and rumor sentiment score of 0.18 on Accern's scale. They also assigned news coverage about the restaurant operator an impact score of 46.57 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the near term. View Recent Headlines for Darden Restaurants.
Who are Darden Restaurants' major shareholders?
Darden Restaurants' stock is owned by many different of institutional and retail investors. Top institutional investors include BlackRock Inc. (8.95%), American International Group Inc. (4.53%), Wells Fargo & Company MN (2.63%), Victory Capital Management Inc. (2.12%), Newport Trust Co (2.12%) and Northern Trust Corp (1.56%). Company insiders that own Darden Restaurants stock include Daniel J Kiernan, Danielle L Kirgan, 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 American Century Companies Inc., Bank of New York Mellon Corp, Bank of New York Mellon Corp, American International Group Inc., United Services Automobile Association, Wells Fargo & Company MN, BNP Paribas Arbitrage SA and Systematic Financial Management LP. Company insiders that have sold Darden Restaurants company stock in the last year include Daniel J Kiernan, David C George, Douglas J Milanes, 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 purchased by a variety of institutional investors in the last quarter, including Millennium Management LLC, Morgan Stanley, Voya Investment Management LLC, Renaissance Technologies LLC, BlackRock Inc., Scout Investments Inc., Victory Capital Management Inc. and WBI Investments Inc.. 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 $112.87.
How big of a company is Darden Restaurants?
Darden Restaurants has a market capitalization of $14.56 billion and generates $8.08 billion in revenue each year. The restaurant operator earns $596 million in net income (profit) each year or $4.81 on an earnings per share basis. Darden Restaurants employs 180,000 workers across the globe.
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)
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.
