Darden Restaurants (DRI)
(Delayed Data from NYSE)
$170.17 USD
-2.10 (-1.22%)
Updated Sep 20, 2024 04:00 PM ET
After-Market: $170.21 +0.04 (0.02%) 7:58 PM ET
3-Hold of 5 3
B Value B Growth C Momentum B VGM
Company Summary
Founded in 1968 and based in Orlando, FL, Darden Restaurants is one of the largest casual dining restaurant operators worldwide.
As of Feb 25, 2024, the company, operating via its subsidiaries, oversees restaurants throughout the United States and Canada, excluding two joint venture restaurants, four managed locations operating under contractual agreements and 91 franchised restaurants. The company disclosed the operation of 55 franchised restaurants in Latin America, the Caribbean, Asia and the Middle East.
The company reports its business under four segments: Olive Garden (44.5% of total revenues for fiscal 2024), LongHorn Steakhouse (24.6%), Fine Dining (11.3%) and Other Business (19.6%).
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Company Summary
Founded in 1968 and based in Orlando, FL, Darden Restaurants is one of the largest casual dining restaurant operators worldwide.
As of Feb 25, 2024, the company, operating via its subsidiaries, oversees restaurants throughout the United States and Canada, excluding two joint venture restaurants, four managed locations operating under contractual agreements and 91 franchised restaurants. The company disclosed the operation of 55 franchised restaurants in Latin America, the Caribbean, Asia and the Middle East.
The company reports its business under four segments: Olive Garden (44.5% of total revenues for fiscal 2024), LongHorn Steakhouse (24.6%), Fine Dining (11.3%) and Other Business (19.6%).
Florida-based Olive Garden is the largest full-service Italian restaurant in America. The brand features a menu, which has a variety of Italian food made with fresh ingredients.
LongHorn Steakhouse is a full-service steakhouse restaurant, with locations primarily in the eastern United States. The brand offers signature fresh steaks and chicken and salmon, shrimp, ribs, pork chops, burgers and prime rib.
Fine Dining includes The Capital Grille and Eddie V’s, while the Other Business segment consists of Cheddar’s Scratch Kitchen, Yard House, Seasons 52, Bahama Breeze, consumer packaged goods and franchise revenues. All company-owned stores are full-service.
On Jun 14, 2023, the company acquired the Ruth's Hospitality Group by purchasing 100 percent equity interest for a total consideration of $724.6 million. The acquisition encompasses 77 company-owned locations, 74 franchisee-owned locations and four managed locations operating under contractual agreements. Other Business segment comprises Cheddar’s Scratch Kitchen (acquired in 2017).
General Information
Darden Restaurants, Inc
1000 DARDEN CENTER DRIVE
ORLANDO, FL 32837
Phone: 407-245-4000
Fax: 407-245-4989
Email: irinfo@darden.com
Industry | Retail - Restaurants |
Sector | Retail-Wholesale |
Fiscal Year End | May |
Last Reported Quarter | 8/31/2024 |
Exp Earnings Date | 12/20/2024 |
EPS Information
Current Quarter EPS Consensus Estimate | 2.05 |
Current Year EPS Consensus Estimate | 9.48 |
Estimated Long-Term EPS Growth Rate | 9.20 |
Exp Earnings Date | 12/20/2024 |
Price and Volume Information
Zacks Rank | |
Yesterday's Close | 172.27 |
52 Week High | 176.84 |
52 Week Low | 133.36 |
Beta | 1.30 |
20 Day Moving Average | 1,256,130.75 |
Target Price Consensus | 172.58 |
4 Week | 10.45 |
12 Week | 12.46 |
YTD | 3.57 |
4 Week | 9.13 |
12 Week | 7.68 |
YTD | -13.37 |
Shares Outstanding (millions) | 120.87 |
Market Capitalization (millions) | 20,569.02 |
Short Ratio | NA |
Last Split Date | 5/2/2002 |
Dividend Yield | 3.29% |
Annual Dividend | $5.60 |
Payout Ratio | 0.63 |
Change in Payout Ratio | 0.01 |
Last Dividend Payout / Amount | 7/10/2024 / $1.40 |
Fundamental Ratios
P/E (F1) | 17.96 |
Trailing 12 Months | 19.21 |
PEG Ratio | 1.95 |
vs. Previous Year | -1.69% |
vs. Previous Quarter | -33.96% |
vs. Previous Year | 0.97% |
vs. Previous Quarter | -6.77% |
Price/Book | 9.60 |
Price/Cash Flow | 13.20 |
Price / Sales | 1.80 |
8/31/24 | 49.46 |
5/31/24 | 49.82 |
2/29/24 | 49.94 |
8/31/24 | 9.39 |
5/31/24 | 9.48 |
2/29/24 | 9.68 |
8/31/24 | 0.35 |
5/31/24 | 0.38 |
2/29/24 | 0.39 |
8/31/24 | Pending Next EPS Report |
5/31/24 | 0.24 |
2/29/24 | 0.25 |
8/31/24 | 9.32 |
5/31/24 | 9.42 |
2/29/24 | 9.55 |
8/31/24 | 9.11 |
5/31/24 | 9.02 |
2/29/24 | 9.24 |
8/31/24 | 10.38 |
5/31/24 | 10.32 |
2/29/24 | 10.43 |
8/31/24 | 17.74 |
5/31/24 | 18.87 |
2/29/24 | 18.27 |
8/31/24 | 30.08 |
5/31/24 | 30.28 |
2/29/24 | 29.89 |
8/31/24 | 0.65 |
5/31/24 | 0.61 |
2/29/24 | 0.63 |
8/31/24 | 39.26 |
5/31/24 | 37.93 |
2/29/24 | 38.63 |