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Darden Restaurants (DRI)
NYSE:DRI
Darden Restaurants (DRI) Stock Price & Analysis
1,385 Followers
DRI Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$131.20 - $175.37
Previous Close$148.33
Volume1.06M
Average Volume (3M)1.27M
Market Cap
$17.70B
Enterprise Value$22.76B
Total Cash (Recent Filing)$243.90M
Total Debt (Recent Filing)$5.30B
Price to Earnings (P/E)17.4
Beta0.67
Next Earnings
Sep 19, 2024EPS Estimate
$1.85Next Dividend Ex-Date
Jul 10, 2024Dividend Yield3.46%
Share Statistics
EPS (TTM)8.52
Shares Outstanding119,358,947
10 Day Avg. Volume1,679,980
30 Day Avg. Volume1,270,798
Standard Deviation0.10
R-Squared0.44
Alpha-0.00364
Financial Highlights & Ratios
Price to Book (P/B)-50.14
Price to Sales (P/S)1.74
Price to Cash Flow (P/CF)7.90
P/FCF Ratio10.80
Enterprise Value/Market CapN/A
Enterprise Value/Revenue2.03
Enterprise Value/Gross Profit3.19
Enterprise Value/Ebitda16.68
Forecast
1Y Price Target
$174.53Price Target Upside18.91% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering18
Darden Restaurants News
Bulls Say, Bears Say
Bulls Say
Cost ManagementSlower input cost growth is a natural counterweight to slower demand growth and is expected to support margin expansion.
EarningsDRI delivered upside to earnings estimates despite a choppy demand backdrop.
Sales And TransactionsLongHorn continues to outpace the casual dining industry on sales and transaction growth as consumers recognize the center-of-plate value offered by steak as well as LongHorn’s superior food and service.
Bears Say
Consumer SpendingSoft traffic performance amid tough backdrop reflected pressures from weaker consumer spending and heightened promotional competition.
Economic ConditionsThe company was not immune to a continued pullback in category spend by lower-income consumers.
Sales PerformanceRecent weekly casual dining surveys have pointed to a sequential slowdown in comps in June, suggesting Darden's blended comps could be running below the level needed to reach FQ1 estimates.
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Ownership Overview
13.78% Insiders
44.02% Mutual Funds
24.03% Other Institutional Investors
18.17% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
ProductionRisks related to the company’s ability to manufacture goods and services
Website Traffic
The estimated number of people who visited one or more of the websites owned by Darden Restaurants
Desktop Users
Mobile Users
DRI FAQ
What was Darden Restaurants’s price range in the past 12 months?
Darden Restaurants lowest stock price was $131.20 and its highest was $175.37 in the past 12 months.
What is Darden Restaurants’s market cap?
Currently, no data Available
When is Darden Restaurants’s upcoming earnings report date?
Darden Restaurants’s upcoming earnings report date is Sep 19, 2024 which is in 79 days.
How were Darden Restaurants’s earnings last quarter?
Darden Restaurants released its earnings results on Jun 20, 2024. The company reported $2.65 earnings per share for the quarter, beating the consensus estimate of $2.611 by $0.039.
Is Darden Restaurants overvalued?
According to Wall Street analysts Darden Restaurants’s price is currently Undervalued.
Does Darden Restaurants pay dividends?
Darden Restaurants pays a Quarterly dividend of $1.4 which represents an annual dividend yield of 3.46%. See more information on Darden Restaurants dividends here
What is Darden Restaurants’s EPS estimate?
Darden Restaurants’s EPS estimate is $1.85.
How many shares outstanding does Darden Restaurants have?
Darden Restaurants has 119,358,950 shares outstanding.
What happened to Darden Restaurants’s price movement after its last earnings report?
Darden Restaurants reported an EPS of $2.65 in its last earnings report, beating expectations of $2.611. Following the earnings report the stock price went up 1.533%.
Which hedge fund is a major shareholder of Darden Restaurants?
Among the largest hedge funds holding Darden Restaurants’s share is Bridgewater Associates, LP. It holds Darden Restaurants’s shares valued at 18M.
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Darden Restaurants Stock Smart Score
Unlock Smart Score
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10
Analyst Consensus
Strong Buy
Average Price Target:
$174.53 (18.91% Upside)
$174.53 (18.91% Upside)
Blogger Sentiment
Bullish
DRI Sentiment 81%
Sector Average 67%
Sector Average 67%
Hedge Fund Trend
Decreased
By 55.8K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $927.9K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Positive
Last 7 Days ▼ 2.8%
Last 30 Days ▲ 4.8%
Last 30 Days ▲ 4.8%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-8.17%
12-Months-Change
Fundamentals
Return on Equity
46.38%
Trailing 12-Months
Asset Growth
-3.97%
Trailing 12-Months
Company Description
Darden Restaurants
Darden Restaurants, Inc. is a full-service restaurant company, which engages in the provision of restaurant services. It operates through the following segments: Olive Garden, LongHorn Steakhouse, Fine Dining, and Other Business. The Olive Garden segment is the largest full-service dining Italian restaurant operator. The LongHorn Steakhouse segment includes the results of the company-owned LongHorn Steakhouse restaurants. The Fine Dining segment comprises of the premium brands that operate within the fine-dining sub-segment of full-service dining and includes the results of its company-owned The Capital Grille and Eddie V's restaurants. The Other Business segment aggregates the remaining brands and includes the results of its company-owned Cheddar's Scratch Kitchen, Yard House, Seasons 52 and Bahama Breeze restaurants; and from franchises and consumer-packaged goods sales. The company was founded by William B. Darden in 1938 and is headquartered in Orlando, FL.
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DRI Company Deck
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DRI Earnings Call
Q4 2024
0:00 / 0:00
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DRI Sales Breakdown
46.51% Olive Garden
24.91% LongHorn Steakhouse
7.92% Fine Dining
20.66% Other
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DRI Stock 12 Month Forecast
Average Price Target
$174.53
▲(18.91% Upside)
Technical Analysis
Best Analysts Covering DRI
1 Year
1 Year Success Rate
21/25 ratings generated profit
1 Year Average Return
+17.22%
reiterated a buy rating 12 days ago
Copying Chris O`Cull's trades and holding each position for 1 Year would result in 84.00% of your transactions generating a profit, with an average return of +17.22% per trade.
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