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
Current SymbolNYSE:DRI
Previous Symbol
CUSIP23719410
Phone407-245-4000
Debt
Debt-to-Equity Ratio0.41
Current Ratio0.41
Quick Ratio0.26
Price-To-Earnings
Trailing P/E Ratio23.26
Forward P/E Ratio19.90
P/E Growth2.13
Sales & Book Value
Annual Sales$8.08 billion
Price / Sales1.72
Cash Flow$7.4524 per share
Price / Cash15.01
Book Value$17.77 per share
Price / Book6.29
Profitability
EPS (Most Recent Fiscal Year)$4.81
Net Income$596 million
Net Margins7.84%
Return on Equity30.32%
Return on Assets11.95%
Miscellaneous
Employees180,000
Outstanding Shares124,110,000
Market Cap$13.88 billion
OptionableOptionable
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 announced a quarterly dividend on Thursday, September 20th. Investors of record on Wednesday, October 10th will be paid a dividend of $0.75 per share on Thursday, November 1st. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.68%. The ex-dividend date is Tuesday, October 9th. View Darden Restaurants' Dividend History.
How were Darden Restaurants' earnings last quarter?
Darden Restaurants, Inc. (NYSE:DRI) announced its quarterly earnings data on Thursday, September, 20th. The restaurant operator reported $1.34 earnings per share for the quarter, topping the Zacks' consensus estimate of $1.24 by $0.10. The restaurant operator had revenue of $2.06 billion for the quarter, compared to analysts' expectations of $2.03 billion. Darden Restaurants had a net margin of 7.84% and a return on equity of 30.32%. The business's quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.99 EPS. 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 issued an update on its FY19 earnings guidance on Thursday, September, 20th. The company provided earnings per share guidance of $5.52-5.65 for the period, compared to the Thomson Reuters consensus earnings per share 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?
25 equities research analysts have issued 1 year target prices for Darden Restaurants' shares. Their predictions range from $94.00 to $240.00. On average, they anticipate Darden Restaurants' stock price to reach $118.9583 in the next twelve months. This suggests a possible upside of 6.3% from the stock's current price. View Analyst Price Targets for Darden Restaurants.
What is the consensus analysts' recommendation for Darden Restaurants?
25 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Darden Restaurants in the last year. There are currently 2 sell ratings, 8 hold ratings and 15 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 over the past year. Given management’s progress on improving core operating fundamentals, along with the recent Cheddar's acquisition, the stock is anticipated to keep performing well in the quarters ahead. Various sales initiatives and technology-driven moves are expected to boost the top line in the months ahead. Also, the company is focusing on an aggressive cost management plan, under which it trying to significantly cut operating costs. Moreover, current-year earnings estimates have remained stable while estimates for next-year have increased by 0.6% over the past month. However, fierce competition and softer-than-expected consumer demand can keep comps under pressure while rising labor costs and a non-franchised business model may dampen profits." (11/16/2018)
- 2. 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)
Has Darden Restaurants been receiving favorable news coverage?
Media coverage about DRI stock has been trending somewhat positive on Sunday, InfoTrie Sentiment Analysis reports. InfoTrie identifies negative and positive press coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Darden Restaurants earned a media sentiment score of 1.7 on InfoTrie's scale. They also assigned news articles about the restaurant operator a news buzz of 2.0 out of 10, indicating that recent press coverage is very unlikely to have an impact on the stock's share price in the near future.
Who are some of Darden Restaurants' key competitors?
Some companies that are related to Darden Restaurants include Yum! Brands (YUM), Restaurant Brands International (QSR), Yum China (YUMC), Chipotle Mexican Grill (CMG), Aramark (ARMK), Texas Roadhouse (TXRH), Cracker Barrel Old Country Store (CBRL), Main Street Capital (MAIN), Dave & Buster's Entertainment (PLAY), Jack in the Box (JACK), Cheesecake Factory (CAKE), Bloomin' Brands (BLMN), Wingstop (WING), Brinker International (EAT) and Papa John's Int'l (PZZA).
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)
Who are Darden Restaurants' major shareholders?
Darden Restaurants' stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (10.29%), American International Group Inc. (4.34%), AQR Capital Management LLC (3.37%), Newport Trust Co (2.10%), Wells Fargo & Company MN (1.94%) and Victory Capital Management Inc. (1.29%). 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 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., Wells Fargo & Company MN, American Century Companies Inc., AXA, Allianz Asset Management GmbH, American International Group Inc., FMR LLC and Mitsubishi UFJ Trust & Banking Corp. 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 institutional investors are buying Darden Restaurants stock?
DRI stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Acadian Asset Management LLC, Deutsche Bank AG, Inverness Counsel LLC NY, Renaissance Technologies LLC, Cookson Peirce & Co. Inc., Catalyst Capital Advisors LLC and Panagora Asset Management 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 $111.86.
How big of a company is Darden Restaurants?
Darden Restaurants has a market capitalization of $13.88 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.
What is Darden Restaurants' official website?
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.
