Darden Restaurants, Inc. (DRI)
| Market Cap | 18.39B |
| Revenue (ttm) | 11.20B |
| Net Income (ttm) | 1.03B |
| Shares Out | 119.36M |
| EPS (ttm) | 8.53 |
| PE Ratio | 18.06 |
| Forward PE | 16.61 |
| Dividend | $5.24 (3.40%) |
| Ex-Dividend Date | Apr 9, 2024 |
| Volume | 1,126,645 |
| Open | 153.64 |
| Previous Close | 153.05 |
| Day's Range | 153.41 - 155.34 |
| 52-Week Range | 133.36 - 176.84 |
| Beta | 1.26 |
| Analysts | Buy |
| Price Target | 178.65 (+15.96%) |
| Earnings Date | Mar 21, 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 20 analysts, the average rating for DRI stock is "Buy." The 12-month stock price forecast is $178.65, which is an increase of 15.96% from the latest price.
News
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...
Darden revenue jumps as Ruth's Chris acquisition offsets shrinking same-store sales
Darden revenue jumps as Ruth's Chris acquisition offsets shrinking same-store sales
Olive Garden parent Darden Restaurant's stock drops after sales miss, lowered outlook
Shares of Darden Restaurants Inc. DRI, +0.28% dropped 4.3% in premarket trading Thursday, after the parent of the Olive Garden restaurant chain reported a surprise decline in fiscal third-quarter same...
Darden Restaurants Reports Fiscal 2024 Third Quarter Results; Declares Quarterly Dividend; Authorizes New $1 Billion Share Repurchase Program; And Updates Fiscal 2024 Financial Outlook
ORLANDO, Fla. , March 21, 2024 /PRNewswire/ -- Darden Restaurants, Inc. (NYSE:DRI) today reported its financial results for the third quarter ended February 25, 2024.
Calls of the Day: Netflix, Fedex, Darden and Vertiv
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Calls of the Day: Regeneron, Thermo Fisher, Darden Restaurants and Nucor
The Investment Committee debate the latest calls of the day on a number of stocks.
Darden Restaurants to Host Fiscal 2024 Third Quarter Conference Call on March 21
ORLANDO, Fla. , Feb. 21, 2024 /PRNewswire/ -- Darden Restaurants, Inc., (NYSE: DRI) plans to release its fiscal 2024 third quarter financial results before the market opens on Thursday, March 21, 202...
This Analyst With 84% Accuracy Rate Sees Around 13% Upside In Darden Restaurants - Here Are 5 Stock Picks For 2023 From Wall Street's Most Accurate Analysts - Darden Restaurants (NYSE:DRI), ARM Holdings (NASDAQ:ARM)
U.S. stocks closed slightly lower on Friday, but the S&P 500 closed out last year with a gain of 24.2%. The Dow closed the year with a 13.7% gain, while the Nasdaq Composite surged 43.4% to record its...
High-Yield Darden Restaurants Bolstered by Strong Quarter, Projected EPS Growth
November retail sales were exceptionally strong relative to expectations yet again. The U.S. consumer continues to spend despite being sour on the state of the overall economy according to soft sentim...
Evaluating Darden Restaurants' Rise, Growth and Potential
Over the past two months, Darden Restaurants Inc. (DRI, Financial) has seen a notable increase in its share price, climbing nearly 22% from $134 to $163 per share. This rise coincides with the company...
Darden: Third-Party Delivery Prices Affect Consumers' Brand Perceptions
Full-service restaurant giant Darden is pulling back on third-party delivery to avoid alienating price-sensitive consumers, focusing instead on dine-in and pickup. The company shared Friday (Dec.
Cramer's Mad Dash: Darden Restaurants
CNBC's Jim Cramer delivers his daily Mad Dash.
Darden Restaurants ‘profitably grew market share' in its fiscal Q2
Darden Restaurants Inc (NYSE: DRI) says its revenue came in marginally shy of Street estimates in the second quarter. Its shares are down 2.0% at writing.
Olive Garden owner Darden beats earnings estimates, hikes guidance as sales climb
Darden Restaurants, which owns Olive Garden and Longhorn Steakhouse, raised its annual earnings per share guidance.
Olive Garden and LongHorn parent Darden Q2 profit beats estimate, matches revenue view
Darden Restaurants Inc.'s stock DRI, +0.39% fell 1.2% in premarket trading after the parent of Olive Garden and LongHorn Steakhouse restaurants fell slightly short of second-quarter revenue estimates,...
Darden Restaurants Reports Fiscal 2024 Second Quarter Results; Declares Quarterly Dividend; And Updates Fiscal 2024 Financial Outlook
ORLANDO, Fla. , Dec. 15, 2023 /PRNewswire/ -- Darden Restaurants, Inc. (NYSE:DRI) today reported its financial results for the second quarter ended November 26, 2023.
DARDEN RESTAURANTS TO HOST FISCAL 2024 SECOND QUARTER CONFERENCE CALL ON DECEMBER 15
ORLANDO, Fla. , Nov. 16, 2023 /PRNewswire/ -- Darden Restaurants, Inc., (NYSE: DRI) plans to release its fiscal 2024 second quarter financial results before the market opens on Friday, December 15, 20...
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That's the message from many corporate executives who have lately been peppered with questions about how Wegovy, Ozempic and other drugs widely used for weight loss may impact their bottom line.
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