Darden Restaurants, Inc. (DRI)

NYSE: DRI · IEX Real-Time Price · USD
143.25
-0.03 (-0.02%)
Jul 16, 2024, 10:23 AM EDT - Market open
-0.02%
Market Cap 17.07B
Revenue (ttm) 11.20B
Net Income (ttm) 1.03B
Shares Out 119.36M
EPS (ttm) 8.53
PE Ratio 16.80
Forward PE 15.60
Dividend $5.60 (3.91%)
Ex-Dividend Date Jul 10, 2024
Volume 160,264
Open 143.43
Previous Close 143.27
Day's Range 142.57 - 143.98
52-Week Range 133.36 - 176.84
Beta 1.29
Analysts Buy
Price Target 171.79 (+19.93%)
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]

Industry Restaurants
IPO Date May 5, 1995
Employees 187,384
Stock Exchange NYSE
Ticker Symbol DRI
Full Company Profile

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 Statements

Analyst Forecast

According to 24 analysts, the average rating for DRI stock is "Buy." The 12-month stock price forecast is $171.79, which is an increase of 19.93% from the latest price.

Price Target
$171.79
(19.93% upside)
Analyst Consensus: Buy
Stock Forecasts

News

PEP, CAG Revenue Miss, DRI Narrows, ON Downgrade

PepsiCo (PEP) falls after revenue miss. Conagra (CAG) also ticks lower after a revenue miss and a downbeat profit outlook.

Other symbols: CAGONPEP
4 days ago - Schwab Network

This Darden Analyst Turns Bearish; Here Are Top 5 Downgrades For Thursday

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our analyst ratings pag...

Other symbols: ANFINVZKNXON
5 days ago - Benzinga

Darden Restaurants and Chuy's downgraded at Jefferies, amid customer traffic concerns

Shares of Darden Restaurants and Chuy's Holdings were under pressure ahead of Thursday's open after Jefferies analysts downgraded both companies on worries over footfall concerns.

5 days ago - Market Watch

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

Other symbols: CINSW
16 days ago - CNBC

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.

Other symbols: TXRH
17 days ago - Investopedia

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.

23 days ago - Fox Business

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.

24 days ago - Fox Business

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.

24 days ago - Benzinga

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 ...

25 days ago - Business Insider

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.

25 days ago - Benzinga

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.

25 days ago - Business Insider

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.

25 days ago - New York Post

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.

25 days ago - PYMNTS

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.

25 days ago - Benzinga

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...

Other symbols: ACN
25 days ago - Schwab Network

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.

25 days ago - Investopedia

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...

25 days ago - CNBC

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...

26 days ago - CNBC

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 ...

26 days ago - Market Watch

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.

26 days ago - PRNewsWire

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.

4 weeks ago - Benzinga

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.

Other symbols: KRLENACN
4 weeks ago - Barrons

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.

Other symbols: CMGMCDQSRYUM
6 weeks ago - CNBC Television

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,...

7 weeks ago - PRNewsWire

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.

Other symbols: CAVADPZEATPZZASBUXSTKS
3 months ago - CNBC Television