Darden Restaurants, Inc. (DRI)
| Market Cap | 17.35B |
| Revenue (ttm) | 10.77B |
| Net Income (ttm) | 983.40M |
| Shares Out | 120.87M |
| EPS (ttm) | 8.03 |
| PE Ratio | 17.87 |
| Forward PE | 16.21 |
| Dividend | $5.24 (3.65%) |
| Ex-Dividend Date | Oct 6, 2023 |
| Volume | 1,631,290 |
| Open | 145.55 |
| Previous Close | 145.49 |
| Day's Range | 143.37 - 145.84 |
| 52-Week Range | 120.20 - 173.06 |
| Beta | 1.23 |
| Analysts | Buy |
| Price Target | 166.65 (+16.13%) |
| Earnings Date | Sep 21, 2023 |
About DRI
Darden Restaurants, Inc., through 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 brands. Darden Restaurants, Inc. was founded in 1968 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 20 analysts, the average rating for DRI stock is "Buy." The 12-month stock price forecast is $166.65, which is an increase of 16.13% from the latest price.
News
Seniors have stopped eating at Cracker Barrel, Olive Garden — and it's not clear when they'll come back
Retirees have lost their appetite for Cracker Barrel and Olive Garden since the pandemic — and it's not clear when they'll come back, according to the chains' top brass.
Darden Says Customers Are Drinking Cheaper Alcohol
Could this be a sign of the times? At Darden's higher-end locations, which include the Capital Grille and Ruth's Chris Steak House, consumers are trading down to lower-priced alcohol compared to last ...
Olive Garden Sees Positive Results From Darden's Brand Equity Strategy
Darden Restaurants, the parent company of popular dining chains including Olive Garden, The Capital Grille and LongHorn Steakhouse, has adopted a strategic shift in its marketing approach.
Covid spooked older customers away from Cracker Barrel and Olive Garden. Some aren't coming back
Even the unlimited breadsticks at Olive Garden and wooden rocking chairs at Cracker Barrel can't seem to lure back the baby boomers.
Darden beats Q1 expectations, cautious on consumer spending
While Darden Restaurants Inc. (DRI) has expanded with many new restaurants and beat first-quarter earnings expectations, should the Olive Garden parent company be concerned about their investment? Foo...
Darden: Restaurant Customers Skip the Fancy Wine Amid Financial Challenges
As consumers struggle with ongoing budgetary pressures, many are reining in their alcohol spending at nice restaurants by sticking to more budget-friendly brands, Darden Restaurants observed.
How Olive Garden Keeps Blooming
Casual-dining giant Darden is swimming against a receding consumer tide.
Olive Garden parent Darden's earnings buoyed by addition of 77 Ruth's Chris Steak Houses locations
Darden Restaurants Inc., parent company of brands including Olive Garden, LongHorn Steakhouse and Yard House, posted better-than-expected fiscal first-quarter earnings on Thursday, boosted by the addi...
Olive Garden parent Darden Restaurants beats earnings estimates, despite weak fine-dining sales
Darden, the owner of Olive Garden, saw net sales rise more than 11% in the quarter.
Darden Restaurants Reports Fiscal 2024 First Quarter Results; Declares Quarterly Dividend; Reiterates Fiscal 2024 Outlook; And Announces Election of New Board Chair
ORLANDO, Fla. , Sept. 21, 2023 /PRNewswire/ -- Darden Restaurants, Inc. (NYSE:DRI) today reported its financial results for the first quarter ended August 27, 2023.
3 Tasty Dividend Stocks With Value and Above-Average Yields
Restaurant stocks corrected over the summer due to tepid guidance, setting up a new opportunity for income investors. The guidance calls for growth but slowing growth to be offset by wider margins.
Jefferies' Andy Barish on consumer appetite for restaurants
Andy Barish, Jefferies managing director, joins 'The Exchange' to discuss consumer spending in the restaurant sector.
Wall Street's Most Accurate Analysts Say Buy These 3 Consumer Stocks Delivering High-Dividend Yields - Bloomin Brands (NASDAQ:BLMN), Darden Restaurants (NYSE:DRI)
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high...
As crude oil moves to the upside restaurants are seeing downside, says BTIG's Jonathan Krinsky
Jonathan Krinsky, BTIG chief market technician, joins 'Closing Bell' to discuss restaurant stocks seeing a broad sell-off, the relationship between crude oil prices and the restaurant sector and a pul...
DARDEN RESTAURANTS TO HOST FISCAL 2024 FIRST QUARTER CONFERENCE CALL ON SEPTEMBER 21
ORLANDO, Fla. , Aug. 24, 2023 /PRNewswire/ -- Darden Restaurants, Inc., (NYSE:DRI) plans to release its fiscal 2024 first quarter financial results before the market opens on Thursday, September 21, 2...
2 Recession-Resistant Restaurant Stocks About To Hit New Highs
The restaurant industry has rebounded for the last 2 years, driven by post-COVID reopening, consolidation, and expansion efforts. That has stocks like Chipotle Mexican Grill NYSE: CMG and Darden Resta...
Darden earnings miss on fine dining, strategist says, consumer is still 'in good shape'
iCapital Chief Investment Strategist Anastasia Amoroso spoke with Yahoo Finance Live anchors Julie Hyman and Diane King Hall about Darden earnings and why consumers are prioritizing and pulling back o...
Darden reports a slowdown in fine dining: ‘I think this segment will remain strong'
Darden Restaurants Inc (NYSE: DRI) is slightly in the red this morning even though it reported a strong fourth quarter and issued upbeat future guidance. Why is Darden stock down today?
Darden Restaurants: Ring The Register Or Time To Buy?
Darden Restaurants NYSE: DRI Q4 results and guidance were insufficient to spark a rally, but neither are they a good reason to sell the stock. The company is performing well in a tough environment and...
Darden Restaurants net income rises by 11.8%, while its profit outlook beats estimates
Darden Restaurants Inc. DRI, +0.36%, owner of Olive Garden and Longhorn Steak House, on Thursday reported an 11.8% increase in fourth-quarter net income to $315.1 million, or $2.61 a share, from $281....
Olive Garden parent earnings beat estimates, fueled by strong LongHorn Steakhouse sales
Darden Restaurants on Thursday reported quarterly earnings that topped Wall Street's expectations. The company also announced that former CEO Gene Lee plans to step down as chair of the board. Lee ret...
Darden Restaurants, Inc. Announces Retirement of Board Chairman
ORLANDO, Fla. , June 22, 2023 /PRNewswire/ -- Darden Restaurants, Inc. (NYSE: DRI) ("Darden" and "the Company") and Eugene I.
Darden Restaurants Reports Fiscal 2023 Fourth Quarter and Full Year Results; Increases Quarterly Dividend; And Provides Fiscal 2024 Outlook
ORLANDO, Fla. , June 22, 2023 /PRNewswire/ -- Darden Restaurants, Inc. (NYSE:DRI) today reported its financial results for the fourth quarter and fiscal year ended May 28, 2023.
Darden Restaurants Completes Acquisition of Ruth's Hospitality Group
ORLANDO, Fla. , June 14, 2023 /PRNewswire/ -- Darden Restaurants, Inc. ("Darden") (NYSE: DRI), announced today that it has completed its acquisition of Ruth's Hospitality Group, Inc. ("Ruth's").