Darden Restaurants, Inc. (DRI)

NYSE: DRI · IEX Real-Time Price · USD
132.48
+0.26 (0.20%)
Aug 16, 2022 11:15 AM EDT - Market open
0.20%
Market Cap 16.24B
Revenue (ttm) 9.63B
Net Income (ttm) 952.80M
Shares Out 122.58M
EPS (ttm) 7.40
PE Ratio 17.90
Forward PE 17.01
Dividend $4.51 (3.40%)
Ex-Dividend Date Jul 7, 2022
Volume 197,406
Open 131.77
Previous Close 132.21
Day's Range 131.30 - 132.48
52-Week Range 110.96 - 164.28
Beta 1.31
Analysts Buy
Price Target 140.35 (+5.9%)
Earnings Date Sep 21, 2022

About DRI

Darden Restaurants, Inc., through its subsidiaries, owns and operates full-service restaurants in the United States and Canada. As of May 29, 2022, it owned and operated 1,867 restaurants, which included 884 under the Olive Garden brand, 546 under the LongHorn Steakhouse brand name, 172 under the Cheddar's Scratch Kitchen brand, 85 under the Yard House brand name, 62 under The Capital Grille brand, 45 under the Seasons 52 brand name, 42 under the Bahama Breeze brand, 28 under the Eddie V's Prime Seafood brand name, and 3 under the Capital Burge... [Read more...]

Industry Hotels, Restaurants & Leisure
IPO Date May 5, 1995
CEO Eugene Lee
Employees 178,956
Stock Exchange NYSE
Ticker Symbol DRI
Full Company Profile

Financial Performance

In 2022, DRI's revenue was $9.63 billion, an increase of 33.82% compared to the previous year's $7.20 billion. Earnings were $952.80 million, an increase of 51.41%.

Financial Statements

Analyst Forecast

According to 33 analysts, the average rating for DRI stock is "Buy." The 12-month stock price forecast is 140.35, which is an increase of 5.94% from the latest price.

Price Target
$140.35
(5.94% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Restaurants might get a lift from cooling inflation, cheaper gas

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ACER, CAH, and DRI have been added to the Zacks Rank #5 (Strong Sell) List on July 8, 2022.

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Even in a Bear Market, This Restaurant Stock Could Bring Home the Bacon

Darden Restaurants looks well-positioned to handle whatever the economy throws at it.

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Darden Stock: Time to Buy the Dip?

The stock is looking better following management's Q4 update.

Darden (DRI) Down 21% YTD: More Pain or Relief Ahead?

Darden's (DRI) performance is likely to reflect the impact of high costs and traffic woes.

Read How Analysts Reacted To Darden Restaurants' Q4 Results

Wedbush analyst Nick Setyan lowered the price target on Darden Restaurants Inc (NYSE: DRI) to $122 (3% upside) from $140 and kept a Neutral rating on the shares. The analyst noted that FY23 guidance is ...

Olive Garden Parent Predicts Food Inflation Will Blow Over

As restaurants face inflationary challenges, brands are taking different approaches to make the economics work both in the short and long term. Darden Restaurants, the parent company of Olive Garden, Lo...

Olive Garden feeding the masses despite fewer discounts

Diners are gorging themselves at Olive Garden even as the giant chain of red-sauce joints curtails popular discounts amid record-high inflation, executives said. Owned by Orlando, Fla.

Some Darden restaurants report fourth-quarter sales above pre-pandemic levels

Yahoo Finance Live anchor Brian Cheung breaks down the chart of the day which looks at Darden restaurants earnings.

Darden (DRI) Q4 Earnings & Revenue Top Estimates, Rise Y/Y

Darden's (DRI) fourth-quarter fiscal 2022 top line reflects solid segmental performance backed by comps growth and new store openings.

Darden Restaurants is a textbook example of how to 'beat the bears,' says Jim Cramer

CNBC's Jim Cramer and the 'Squawk on the Street' team break down shares of Darden Restaurants following the company's latest quarterly earnings report.

Earnings: Darden Restaurants tops fourth-quarter revenue estimates, Rite Aid raises guidance

Yahoo Finance Live anchors Julie Hyman and Brad Smith discuss quarterly earnings for Darden Restaurants and Rite Aid.

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Darden Restaurants (DRI) Tops Q4 Earnings and Revenue Estimates

Darden Restaurants (DRI) delivered earnings and revenue surprises of 1.36% and 2.30%, respectively, for the quarter ended May 2022. Do the numbers hold clues to what lies ahead for the stock?

Why Darden Restaurants Stock Is On The Move Today

Darden Restaurants Inc (NYSE: DRI) shares are trading higher Thursday morning after the company reported better-than-expected financial results, issued guidance above analyst estimates and announced a b...

Earnings Beat, Dividend Hike, New Buyback: Darden Restaurants' Q4 Highlights

Darden Restaurants Inc (NYSE: DRI) reported fourth-quarter FY22 sales growth of 14.2% year-on-year to $2.60 billion, beating the consensus of $2.54 billion. Same-restaurant sales increased 11.7% versus ...

Darden Stock gains as Earnings Top Expectations

Darden also increased its dividend and said it would buy back more shares.

Olive Garden parent Darden beats earnings estimates as sales jump

Darden Restaurants on Thursday reported quarterly earnings and revenue that beat analysts' expectations.

Darden Restaurants Reports Fiscal 2022 Fourth Quarter and Full Year Results; Increases Quarterly Dividend; Authorizes...

ORLANDO, Fla. , June 23, 2022 /PRNewswire/ -- Darden Restaurants, Inc. (NYSE:DRI) today reported its financial results for the fourth quarter and fiscal year ended May 29, 2022.

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Factors Setting the Tone for Darden's (DRI) Q4 Earnings

Darden's (DRI) fourth-quarter fiscal 2022 performance is likely to have benefited from the To-Go platform, solid off-premise sales and digital initiatives.

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DARDEN RESTAURANTS TO HOST FISCAL 2022 FOURTH QUARTER CONFERENCE CALL ON JUNE 23

ORLANDO, Fla. , June 2, 2022 /PRNewswire/ -- Darden Restaurants, Inc., (NYSE: DRI) plans to release its fiscal 2022 fourth quarter financial results before the market opens on Thursday, June 23, 2022, w...