Darden Restaurants, Inc. (DRI)
| Market Cap | 17.52B |
| Revenue (ttm) | 11.20B |
| Net Income (ttm) | 1.03B |
| Shares Out | 119.36M |
| EPS (ttm) | 8.53 |
| PE Ratio | 17.21 |
| Forward PE | 15.97 |
| Dividend | $5.60 (3.82%) |
| Ex-Dividend Date | Jul 10, 2024 |
| Volume | 1,059,035 |
| Open | 148.68 |
| Previous Close | 148.33 |
| Day's Range | 146.53 - 149.00 |
| 52-Week Range | 133.36 - 176.84 |
| Beta | 1.29 |
| Analysts | Strong Buy |
| Price Target | 173.87 (+18.46%) |
| Earnings Date | Jun 20, 2024 |
About DRI
Darden Restaurants, Inc., together with its subsidiaries, owns and operates full-service restaurants in the United States and Canada. It operates under Olive Garden, LongHorn Steakhouse, Cheddar's Scratch Kitchen, Yard House, The Capital Grille, Seasons 52, Bahama Breeze, Eddie V's Prime Seafood, and Capital Burger brand names. Darden Restaurants, Inc. was incorporated in 1995 and is based in Orlando, Florida. [Read more]
Financial Performance
In 2023, DRI's revenue was $10.49 billion, an increase of 8.91% compared to the previous year's $9.63 billion. Earnings were $981.90 million, an increase of 3.05%.
Financial StatementsAnalyst Forecast
According to 23 analysts, the average rating for DRI stock is "Strong Buy." The 12-month stock price forecast is $173.87, which is an increase of 18.46% from the latest price.
News
Top Wall Street analysts favor these dividend stocks for better returns
TipRanks' analyst ranking service pinpoints Wall Street's best-performing stocks, including Darden Restaurants and Citigroup
Why Business Is Booming for Steakhouses Like LongHorn and Texas Roadhouse
Americans are pulling back spending across several categories, but they're still comfortable splurging on a night out.
Olive Garden parent CEO says fast food inflation driving customers to sit-down franchises
Darden Restaurants CEO Rick Cardenas said high prices at fast food restaurants are benefitting casual sit-down restaurants, like his competitors Chili's Grill & Bar and Applebee's.
Olive Garden raising menu prices again
Popular Italian restaurant chain Olive Garden expects to raise prices "more in line with inflation" moving forward, parent company Darden said in its earnings call this week.
Darden Analysts Breakdown Q4 Results: Olive Garden Lags, LongHorn Steakhouse Outperforms
Darden Restaurants, Inc. DRI on Thursday reported better-than-expected results for its fourth quarter.
Olive Garden's parent company says it's luring diners in by not raising prices as much as rivals — even if it's not offering hefty discounts
Olive Garden hasn't been raising prices as much as its rivals — and execs say this is helping it buck industry traffic trends. Its guest counts topped industry benchmarks, even though same-restaurant ...
These Analysts Revise Their Forecasts On Darden Restaurants After Q4 Results
Darden Restaurants, Inc. DRI reported better-than-expected fourth-quarter earnings results and increased its quarterly dividend.
Diners are ditching pricey fast food for casual-dining chains, CEO of Olive Garden's parent company says
Darden Restaurants CEO Rick Cardenas said there's been a small shift from fast food to casual dining. American fast-food consumers have expressed frustration with rising prices.
Olive Garden hiking menu prices again — despite admitting losing customers to inflation
“We're not going to do things to buy sales even with the increasing discounting our competitors are doing,” the chain's CEO said. “Our focus is on profitable sales growth.
Darden Sees Fine-Dining Comparable Sales Drop Amid Inflation, Job Concerns
Darden Restaurants saw its same-store sales slip at its fine dining locations amid consumers' concerns about inflation and the job market.
Darden Stumbles on Sales, But Analysts Stay Optimistic On Operational Execution: Here's Why
Several analysts reiterated their ratings and price targets on Darden Restaurants, Inc. DRI following today's release of its fourth quarter FY24 earnings.
ACN Earnings & DRI Weakness in Olive Garden Sales
Accenture's (ACN) 3Q adjusted EPS came in at $3.13 versus an estimated $3.14 and revenue came in at $16.47B versus an estimated $16.52B. Paul McCarthy discusses Accenture, as well as Darden Restaurant...
Darden Restaurants Posts Adjusted EPS Beat as Ruth's Chris Sales Boost Results
Darden Restaurants (DRI) shares advanced Thursday after it posted a better-than-expected adjusted profit as it benefited from the acquisition of Ruth's Chris Steak House.
Fast-food customers are shifting to casual-dining chains, Darden Restaurants CEO says
Darden Restaurants CEO Rick Cardenas said certain casual-dining chains are stealing some fast-food restaurants' customers. Chili's, Applebee's and other casual-dining chains have been trying to win ov...
Darden beats on earnings, even as Olive Garden, fine-dining sales drag
Darden Restaurants reported mixed quarterly results for its fiscal fourth quarter. Its acquisition of Ruth's Chris Steak House fueled a 6.8% jump in net sales, but the company missed Wall Street's est...
Darden's stock gets a lift as profit beat overshadows muted outlook
Darden Restaurants Inc., the parent of Olive Garden and Ruth's Chris Steakhouse, beat on profit for the latest quarter while delivering a full-year sales forecast that was below the consensus view at ...
Darden Restaurants Reports Fiscal 2024 Fourth Quarter and Full Year Results; Increases Quarterly Dividend; And Provides Fiscal 2025 Outlook
ORLANDO, Fla. , June 20, 2024 /PRNewswire/ -- Darden Restaurants, Inc. (NYSE:DRI) today reported its financial results for the fourth quarter and fiscal year ended May 26, 2024.
Darden Restaurants Likely To Report Higher Q4 Earnings; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
Darden Restaurants, Inc. DRI will release earnings results for its fiscal 2024 fourth quarter, before the opening bell on Thursday.
Kroger, Lennar, Accenture, Darden, and More Stocks to Watch This Week
Markets will be closed on Wednesday for Juneteenth. Plus, earnings reports, retail sales data, and Bank of England and Swiss National Bank interest-rate decisions.
Inflation still serves 'double whammy' to the restaurant business, says former Darden CEO
Clarence Otis, former Darden Restaurants CEO, joins CNBC's 'The Exchange' to discuss consumer behavior at restaurant chains, how restaurants can adapt to the inflationary environment, and more.
Darden Restaurants to Host Fiscal 2024 Fourth Quarter Conference Call on June 20
ORLANDO, Fla. , May 22, 2024 /PRNewswire/ -- Darden Restaurants, Inc., (NYSE: DRI) plans to release its fiscal 2024 fourth quarter financial results before the market opens on Thursday, June 20, 2024,...
How a consumer pullback is hitting restaurant stocks
Nick Setyan, Wedbush, joins 'Fast Money' to discuss what's next for the restaurant industry as some consumers are pulling back on dining out.
Olive Garden's owner says lower-income customers are cutting back while richer diners are eating out more
Darden says lower-income diners are cutting back on its brands while high earners are visiting more. Darden, which owns Olive Garden and LongHorn Steakhouse, said its customer base was reverting to it...
Three-Stock Lunch: Darden Restaurants, Micron & FedEx
Aadil Zaman, Wall Street Alliance Group partner, joins 'Closing Bell' to discuss three stock plays for Darden Restaurants, Micron and FedEx.
Darden's Sales Climb Even as Lower-Income Diners Stay Home
Olive Garden owner Darden has seen a drop in lower-income diners patronizing its restaurants. The company, which also owns Longhorn Steakhouse, on Thursday (March 21) reported earnings that showed sal...