Darden Restaurants
DRI
Market cap $19.3B

164.27 USD

+1.34

0.82%

At close Oct 17, 4:00 PM EDT

After hours

164.27

+0.00

0.00%

1 day

0.82%

5 days

4.87%

1 month

1.70%

3 months

11.48%

6 months

7.39%

Year to date

1.23%

1 year

16.66%

5 years

50.51%

About: Darden Restaurants is the largest restaurant operator in the us full-service space, with consolidated revenue of $11.4 billion in fiscal 2024 resulting in 3%-4% full-service market share (per NRA data and our calculations). The company maintains a portfolio of 10 restaurant brands: Olive Garden, LongHorn Steakhouse, Cheddar's Scratch Kitchen, Ruth's Chris, Yard House, The Capital Grille, Seasons 52, Eddie V's, Bahama Breeze, and The Capital Burger. Darden generates revenue almost exclusively from company-owned restaurants, though a small network of franchised restaurants and consumer-packaged goods sales through the traditional grocery channel contribute modestly. As of the end of its fiscal 2024, the company operated 2,031 restaurants in the us.

Employees: 187,384

Consumer Discretionary Eating Places

0

Funds holding %

of 6,740 funds

0

Analysts bullish %

of 28 analysts

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

5% less repeat investments, than reductions

Existing positions increased: 302 | Existing positions reduced: 319

2% less funds holding

Funds holding: 904 [Q1] → 887 (-17) [Q2]

2.24% less ownership

Funds ownership: 98.21% [Q1] → 95.97% (-2.24%) [Q2]

12% less capital invested

Capital invested by funds: $19.6B [Q1] → $17.3B (-$2.28B) [Q2]

15% less first-time investments, than exits

New positions opened: 97 | Existing positions closed: 114

29% less call options, than puts

Call options by funds: $189M | Put options by funds: $265M

57% less funds holding in top 10

Funds holding in top 10: 7 [Q1] → 3 (-4) [Q2]

See Fund Rankings

Research analyst outlook

28 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$150

9%

downside

Avg. target

$175

7%

upside

High target

$205

25%

upside

28 analyst ratings

14 positive

50%

14 neutral

50%

0 negative

0%

Stephens & Co. Jim Salera 77% 1-year accuracy 17 / 22 met price target	0%downside $164	Equal-Weight Reiterated	14 Oct 2024
Wells Fargo Zachary Fadem 91% 1-year accuracy 21 / 23 met price target	0%upside $165	Equal-Weight Maintained	20 Sept 2024
B of A Securities Sara Senatore 56% 1-year accuracy 14 / 25 met price target	19%upside $195	Buy Maintained	20 Sept 2024
BTIG Peter Saleh 42% 1-year accuracy 5 / 12 met price target	19%upside $195	Buy Maintained	20 Sept 2024
BMO Capital Andrew Strelzik 65% 1-year accuracy 20 / 31 met price target	7%upside $175	Market Perform Maintained	20 Sept 2024

See Analyst Rankings

Financial journalist opinion

Based on 42 articles about DRI published over the past 30 days

Zacks Investment Research

Darden Expands Its Brand Portfolio With Chuy's Acquisition

DRI enhances its restaurant offerings with the acquisition of Chuy's.

Schaeffers Research

Signal Says 'Buy the Dip' on This Restaurant Stock

Olive Garden parent Darden Restaurants, Inc (NYSE:DRI) was last seen down 0.9% at $157.22.

Signal Says 'Buy the Dip' on This Restaurant Stock

Schaeffers Research

Signal Says 'Buy the Dip' on This Restaurant Stock

Olive Garden parent Darden Restaurants, Inc (NYSE:DRI) was last seen down 0.9% at $157.22.

Signal Says 'Buy the Dip' on This Restaurant Stock

Darden Restaurants Completes Acquisition of Chuy's Holdings, Inc.

ORLANDO, Fla. , Oct. 11, 2024 /PRNewswire/ -- Darden Restaurants, Inc. ("Darden") (NYSE:DRI) today announced that it has completed the acquisition of Chuy's Holdings, Inc. ("Chuy's Holdings") in an all-cash transaction with an enterprise value of approximately $605 million.

Darden Restaurants Completes Acquisition of Chuy's Holdings, Inc.

DocuSign Set to Join S&P MidCap 400 and MDU Resources Group to Join S&P SmallCap 600

NEW YORK , Oct. 7, 2024 /PRNewswire/ -- DocuSign Inc. (NASD:DOCU) will replace MDU Resources Group Inc. (NYSE:MDU) in the S&P MidCap 400, and MDU Resources Group will replace Chuy's Holdings Inc. (NASD:CHUY) in the S&P SmallCap 600 effective prior to the opening of trading on Friday, October 11. S&P 500 constituent Darden Restaurants Inc. (NYSE: DRI) is acquiring Chuy's Holdings in a deal expected to be completed soon, pending final closing conditions.

DocuSign Set to Join S&P MidCap 400 and MDU Resources Group to Join S&P SmallCap 600

My Top 10 High-Yield Dividend Stocks For October 2024

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TipRanks' analyst ranking service pinpoints Wall Street's best-performing stocks, including Darden Restaurants and Target

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CHUY'S INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Chuy's Holdings, Inc. - CHUY

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Chuy's Holdings, Inc. (NasdaqGS: CHUY) to Darden Restaurants, Inc. (NYSE: DRI). Under the terms of the proposed transaction, shareholders of Chuy's will receive $37.50 in cash for each share of Chuy's that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequ.

CHUY'S INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Chuy's Holdings, Inc. - CHUY

DARDEN RESTAURANTS HELPS FEEDING AMERICA® EXPAND IMPACT IN THE MOVEMENT TO END HUNGER WITH FOOD TRUCK DONATIONS FOR THE FOURTH CONSECUTIVE YEAR

10 Refrigerated Trucks to Strengthen 10 More Food Distribution Programs Nationwide 45 Trucks Have Been Provided to 45 Food Banks Across 21 States Since January 2021 ORLANDO, Fla. , Sept. 25, 2024 /PRNewswire/ -- For the fourth consecutive year, Darden Restaurants is partnering with Feeding America® to ensure food reaches people facing hunger.

DARDEN RESTAURANTS HELPS FEEDING AMERICA® EXPAND IMPACT IN THE MOVEMENT TO END HUNGER WITH FOOD TRUCK DONATIONS FOR THE FOURTH CONSECUTIVE YEAR

Darden Restaurants: Partnership With Uber Could Bring Incremental Sales

Darden Restaurants is adapting to challenging market conditions with value promotions, menu innovations, and strategic partnerships, such as the new ToGo partnership with Uber. Olive Garden's reintroduction of the 'Never Ending Pasta Bowl' and other value-driven initiatives have significantly boosted traffic and comparable sales in recent months. LongHorn Steakhouse continues to outperform with positive comparable sales and traffic, driven by its resilience and strategic menu offerings without relying on value promotions.

Darden Restaurants: Partnership With Uber Could Bring Incremental Sales

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