How to Buy Darden Restaurants Stock
Darden Restaurants Inc
Darden Restaurants is a restaurant company located in Florida, United States, which is part of the Consumer Cyclical sector, and is traded under the ticker DRI on the NYSE exchange.
Darden Restaurants stock last closed at $155.90, up 0.87% from the previous day, and has increased 4.44% in one year. It has underperformed other stocks in the Restaurants industry by 0.27 percentage points. Darden Restaurants stock is currently +16.9% from its 52-week low of $133.36, and -11.84% from its 52-week high of $176.84.
There are currently 119.36M DRI shares outstanding. The market cap of DRI is $18.61B. In the past 24 hours, 869,180 DRI shares were traded.
How to Buy Darden Restaurants Stock
Wondering how to invest in Darden Restaurants stock? Here's how.
- Choose where to buy Darden Restaurants stock: You need to choose a stock brokerage, but don't worry - we've researched dozens of online stock brokerages and apps to help you decide where to buy Darden Restaurants stock.
- Open a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Deposit funds into your brokerage account: Select your method of payment and add your information.
- Analyze Darden Restaurants stock: The Darden Restaurants ticker symbol is DRI. Is Darden Restaurants stock a good investment? Should you buy shares of DRI? How do DRI's underlying business fundamentals look? Do top analysts think Darden Restaurants is a good buy? Why has DRI's stock price moved recently? (Hint: Our stock research website can help you understand if DRI is a good stock to buy).
- Place your DRI purchase: Decide if you will purchase DRI shares at the current market price or use a limit order to buy DRI shares at a particular price.
- Get the latest scoop on your investment in DRI: Create a watchlist to get the latest news on your position in Darden Restaurants stock.
Step 1: Choose where to buy Darden Restaurants stock
You will need an online brokerage account to access the NYSE market and buy DRI stock.
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Open eToro AccountStep 2: Open a brokerage account
Now that you've picked the best brokerage, it's time to fill out some personal information so you are able to invest in DRI stock today.
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Step 3: Deposit funds into your brokerage account
Now that you have filled out your info on the highest rated stock app, you need to deposit funds:
Watch this video walkthrough if you need help depositing money into your new brokerage account.
Step 4: Analyze Darden Restaurants stock
After you have decided on the best place to buy Darden Restaurants stock, it's crucial to evaluate their stock before you invest, so you can wrap your head around the risk and opportunity.
Darden Restaurants quick stats
DRI Overview
WallStreetZen was built to help average investors do more accurate fundamental analysis.
You can see all of the due diligence checks on DRI's stock page.
Is DRI stock undervalued?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge DRI's true value.
Using relative valuations measures:
- DRI could be undervalued based on its P/E ratio of 18.13x, relative to Restaurants industry P/E ratio of 45.77x
- DRI could be undervalued based on its P/B ratio of 8.53x, relative to Restaurants industry P/B ratio of -408.93x
You can do more valuation research on DRI's stock here.
DRI Financial Summary
Positive Health Checks:
- DRI earnings of $1.29B is not enough to cover its interest payments.
- DRI's operating cash flow of $1.60B allows it to safely service it's debt of $5.31B.
Negative Health Checks:
- DRI profit margin of X% has stayed the same in the past year.
- Total DRI debt is higher than 5 years ago, relative to shareholder equity.
- There are more long-term liabilities than short-term assets on the DRI balance sheet.
- DRI has a relatively high debt to equity ratio of 4.21.
- There are more short-term liabilities than short-term assets on the DRI balance sheet.
Is it a good time to buy DRI stock, according to analysts?
Out of 17 Wall Street analysts who give ratings on DRI, the consensus analyst rating on Darden Restaurants is a Strong Buy
It's important to note that analyst ratings are not recommendations, nor are they financial advice.
Most Recent DRI Analyst Upgrades/Downgrades
Brian Nowak, a top 4% analyst from Morgan Stanley maintains DRI with a strong buy rating and lowers their DRI price target from $184.00 to $180.00, on Mar 22, 2024.
Nick Setyan, a top 13% analyst from Wedbush maintains DRI with a buy rating and lowers their DRI price target from $187.00 to $181.00, on Mar 22, 2024.
Brian Bittner, a top 9% analyst from Oppenheimer maintains DRI with a buy rating and lowers their DRI price target from $186.00 to $182.00, on Mar 22, 2024.
Chris O'Cull, a top 16% analyst from Stifel Nicolaus maintains DRI with a strong buy rating and raises their DRI price target from $185.00 to $190.00, on Mar 19, 2024.
Stifel Nicolaus's Chris O'Cull raised their price target on Darden Restaurants (NYSE: DRI) by 2.7% from $185 to $190 on 2024/03/19. The analyst maintained their Strong Buy rating on the stock.
Ahead of the 2024/03/21 release of Darden Restaurants' Q3 2024 earnings, O'Cull told investors to expect EPS results "slightly ahead" of the $2.63 consensus.
The analyst added that they did not adjust their $8.88 FY 2024 EPS estimate because "the company is well-positioned to deliver full-year earnings closer to the high end of management's $8.75 to $8.90 guidance."
Footnotes
Yahoo Finance reports that the current consensus EPS estimate for Darden Restaurants' Q3 is $2.63 which, if achieved, would represent a 12.4% increase from Q3 2023's $2.34.
Greg Francfort, a bottom 43% analyst from Guggenheim maintains DRI with a strong buy rating and raises their DRI price target from $180.00 to $185.00, on Mar 19, 2024.
You can dive deeper into what analysts are forecasting on the Darden Restaurants stock forecast page.
Metrics for Advanced DRI Traders
DRI Growth Metrics
Last year, DRI earnings were $1.03B. In the last five year, DRI's earnings have grown by 9.35% per year. This was slower than the Restaurants industry average of 15.87%.
Last year, DRI revenue was $11.20B. In the past five year, DRI's revenue has gone up by 5.89% per year. This was slower than the Restaurants industry average of 8.78%.
Dig into DRI's earnings and revenue performance here.
Who is buying/selling DRI?
In the last 12 months, executives and large shareholders at DRI have sold more shares than they have bought.
William S. Simon, Director of DRI, was the latest DRI insider to sell. They sold $192,857.99 worth of DRI shares on Apr 8, 2024.
Learn more about who owns DRI shares here.
Does DRI provide a stable income stream?
Darden Restaurants pays a dividend of 3.36%, compared to the Restaurants industry's average dividend yield of 2.79%. If you owned $1,000 worth of DRI stock, you would have been paid $33.61 in the past year.
Darden Restaurants dividend payments have consistently grown over the past decade but have not remained stable.
Get more analysis about Darden Restaurants dividend yield and history here.
What others are saying about DRI
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Step 5: Place your DRI purchase
You have two main options:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are mostly the easiest way to buy. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to make sure you're buying or selling at a particular dollar amount, use a limit order.
Click the Open button and your broker will execute your order.
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Step 6: Get the latest scoop on your investment in DRI
Now that you own some DRI stock, you'll want to stay up-to-date on your new stock purchase.
Put DRI on a watchlist to track your DRI stock.
DRI Feed
How to Buy Stock in Darden Restaurants
To summarize, here are the 6 steps to buy stock in Darden Restaurants:
- Choose where to buy Darden Restaurants stock
- Open a brokerage account
- Deposit funds into your brokerage account
- Analyze Darden Restaurants stock
- Place your DRI purchase
- Get the latest scoop on your investment in DRI
If you are looking for a online brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you want to get updates on your new investment in Darden Restaurants, add DRI to your watchlist by clicking the button below.
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