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 $152.43, up 1.19% from the previous day, and has increased 16.2% in one year. It has overperformed other stocks in the Restaurants industry by 0.13 percentage points. Darden Restaurants stock is currently +37.37% from its 52-week low of $110.96, and -0.82% from its 52-week high of $153.69.
There are currently 121.71M DRI shares outstanding. The market cap of DRI is $18.55B. In the past 24 hours, 1.3M DRI shares were traded.
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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.
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You can see all of the due diligence checks on DRI's stock page.
Investors use a variety of different financial metrics, analyses, models, and charts to gauge DRI's true value.
Using relative valuations measures:
You can do more valuation analysis on DRI's stock here.
Out of 27 sell side analysts who give forecasts on DRI, the consensus analyst rating on Darden Restaurants is a Strong Buy
Please keep in mind that analyst ratings are not recommendations, nor are they financial advice.
Brian Bittner, a top 14% analyst from Oppenheimer reinstates DRI with a buy rating and maintains their DRI price target from $175.00 to $175.00, on Mar 15, 2023.
Nick Setyan, a top 18% analyst from Wedbush maintains DRI with a buy rating and raises their DRI price target from $160.00 to $165.00, on Mar 13, 2023.
Greg Francfort, a bottom 48% analyst from Guggenheim initiates coverage on DRI with a strong buy rating and announces their DRI price target of $170.00, on Feb 2, 2023.
Zachary Fadem, a top 1% analyst from Wells Fargo initiates coverage on DRI with a hold rating and announces their DRI price target of $155.00, on Jan 24, 2023.
John Ivankoe, a top 12% analyst from JP Morgan maintains DRI with a strong buy rating and raises their DRI price target from $145.00 to $154.00, on Jan 18, 2023.
Ivankoe raised his price target on Darden Restaurants, Inc. by 6.2% after a sector analysis of his Restaurants portfolio.
The group is "experiencing a remarkable combination of events," the analyst said, pointing to "food and labor cost inflation being matched with the highest Y/Y menu pricing increases."
In his note, Ivanhoe "highlighted the likely winners in the space, including Darden Restaurants, as commodity, labor and energy disinflation is matched with still-solid underlying consumption."
You can dig deeper into what analysts are forecasting on the Darden Restaurants stock forecast page.
Last year, DRI earnings were $908.90M. Over the last 5 year, DRI's earnings have grown by 12.98% per year. This was faster than the Restaurants industry average of 5.72%.
Last year, DRI revenue was $9.98B. Over the last 5 year, DRI's revenue has grown by 5.52% per year. This was slower than the Restaurants industry average of 8.07%.
You can analyze DRI's earnings and revenue performance here.
Over the past year, executives and large shareholders at DRI have sold more shares than they have bought.
Nana Mensah, Director of DRI, was the latest DRI insider to sell. They sold $9,487.36 worth of DRI stock on Feb 2, 2023.
Learn more about who owns DRI stock here.
Darden Restaurants pays a dividend of 3.1%, compared to the Restaurants industry's average dividend yield of 2.39%. If you owned $1,000 worth of DRI stock, you would have been paid $31.03 last year.
Darden Restaurants dividend payments have consistently grown over the past decade but have not remained stable.
Dig into more analysis about Darden Restaurants dividend yield and history here.
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