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NYSE:DRIDarden Restaurants Stock Price, Forecast & News

$84.07
-0.48 (-0.57 %)
(As of 08/14/2020 04:00 PM ET)
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Today's Range
$83.75
Now: $84.07
$85.10
50-Day Range
$70.81
MA: $76.20
$84.60
52-Week Range
$26.15
Now: $84.07
$128.41
Volume1.65 million shs
Average Volume3.09 million shs
Market Capitalization$10.92 billion
P/E RatioN/A
Dividend YieldN/A
Beta1.31
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.
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Darden Restaurants logo

Beat the Market (BTM) Rank

Analyst Opinion: 2.3Community Rank: 2.6Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.56 out of 5 stars


Industry, Sector and Symbol

Industry Eating places
Sub-IndustryRestaurants
CUSIP23719410
Phone407-245-4000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$7.81 billion
Cash Flow$6.10 per share
Book Value$17.95 per share

Profitability

Net Income$-52,400,000.00

Miscellaneous

Employees177,000
Market Cap$10.92 billion
Next Earnings Date9/17/2020 (Estimated)
OptionableOptionable
$84.07
-0.48 (-0.57 %)
(As of 08/14/2020 04:00 PM 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 (WHO). Since then, DRI shares have increased by 19.7% and is now trading at $84.07.
View which stocks have been most impacted by COVID-19
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Do Wall Street analysts recommend investors buy shares of Darden Restaurants?

33 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Darden Restaurants in the last year. There are currently 14 hold ratings, 18 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Darden Restaurants
.

When is Darden Restaurants' next earnings date?

Darden Restaurants is scheduled to release its next quarterly earnings announcement on Thursday, September 17th 2020.
View our earnings forecast for Darden Restaurants
.

How were Darden Restaurants' earnings last quarter?

Darden Restaurants, Inc. (NYSE:DRI) released its quarterly earnings data on Thursday, June, 25th. The restaurant operator reported ($1.24) EPS for the quarter, beating analysts' consensus estimates of ($1.64) by $0.40. The restaurant operator had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.27 billion. Darden Restaurants had a positive return on equity of 16.68% and a negative net margin of 0.67%. The company's revenue for the quarter was down 43.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.76 earnings per share.
View Darden Restaurants' earnings history
.

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

Darden Restaurants announced a quarterly dividend on Thursday, December 19th. Stockholders of record on Friday, January 10th will be paid a dividend of $0.88 per share on Monday, February 3rd. This represents a $3.52 annualized dividend and a dividend yield of 4.19%. The ex-dividend date is Thursday, January 9th.
View Darden Restaurants' dividend history
.

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

Darden Restaurants issued an update on its first quarter 2021 Pre-Market earnings guidance on Thursday, June, 25th. The company provided earnings per share guidance of 0.00 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $-1.72. The company issued revenue guidance of $1.494-1.494 billion, compared to the consensus revenue estimate of $1.24 billion.

What price target have analysts set for DRI?

33 analysts have issued 12 month target prices for Darden Restaurants' stock. Their forecasts range from $50.00 to $135.00. On average, they expect Darden Restaurants' stock price to reach $91.55 in the next year. This suggests a possible upside of 8.9% from the stock's current price.
View analysts' price targets for Darden Restaurants
.

Has Darden Restaurants been receiving favorable news coverage?

Media headlines about DRI stock have been trending somewhat negative on Saturday, according to InfoTrie Sentiment. The research group scores the sentiment of news coverage by analyzing more than six thousand blog and news 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 -1.4 on InfoTrie's scale. They also assigned news articles about the restaurant operator a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the stock's share price in the near term.
View the latest news about Darden Restaurants
.

Are investors shorting Darden Restaurants?

Darden Restaurants saw a decline in short interest in the month of June. As of June 15th, there was short interest totaling 5,850,000 shares, a decline of 14.2% from the May 31st total of 6,820,000 shares. Based on an average daily trading volume, of 3,840,000 shares, the short-interest ratio is currently 1.5 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), Boeing (BA), Walt Disney (DIS), Home Depot (HD), Micron Technology (MU), Alibaba Group (BABA), Tesla (TSLA), Intel (INTC), Johnson & Johnson (JNJ) and Paypal (PYPL).

Who are Darden Restaurants' key executives?

Darden Restaurants' management team includes the following 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)

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 institutional and retail investors. Top institutional investors include Vanguard Group Inc. (10.91%), Victory Capital Management Inc. (2.81%), Viking Global Investors LP (2.30%), Newport Trust Co (2.00%), FMR LLC (1.27%) and Bank of New York Mellon Corp (0.80%). 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 California Public Employees Retirement System, Holocene Advisors LP, CWM LLC, Raymond James & Associates, Scout Investments Inc., Vanguard Group Inc., Swiss National Bank, and Cubist Systematic Strategies LLC. 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 purchased by a variety of institutional investors in the last quarter, including Viking Global Investors LP, FMR LLC, Dorsal Capital Management LLC, Impala Asset Management LLC, MERIAN GLOBAL INVESTORS UK Ltd, Sumitomo Mitsui Trust Holdings Inc., Waratah Capital Advisors Ltd., and Victory Capital 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
.

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 $84.07.

How big of a company is Darden Restaurants?

Darden Restaurants has a market capitalization of $10.92 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 177,000 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 8/15/2020 by MarketBeat.com Staff

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