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darden restaurants inc. - DRI

DRI

Close Chg Chg %
162.58 2.04 1.25%

Closed Market

164.62

+2.04 (1.25%)

Volume: 1.25M

Last Updated:

Nov 21, 2024, 3:59 PM EDT

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Company Overview: darden restaurants inc. - DRI

DRI Key Data

Open

$161.80

 Day Range

161.31 - 164.80

52 Week Range

136.39 - 176.84

 Market Cap

$19.10B

Shares Outstanding

117.50M

 Public Float

117.00M

Beta

1.31

 Rev. Per Employee

N/A

P/E Ratio

18.78

 EPS

$8.72

Yield

333.35%

 Dividend

$1.40

EX-DIVIDEND DATE

Oct 10, 2024

 SHORT INTEREST

N/A

AVERAGE VOLUME

1.11M

  

DRI Performance

1 Week
 
 -2.51%
 
1 Month
 
 -1.22%
 
3 Months
 
 5.53%
 
1 Year
 
 4.22%
 
5 Years
 
 41.79%
 

DRI Analyst Ratings

  • Sell
  • Under
  • Hold
  • Over
  • Buy
Number of Ratings 31
Full Ratings ➔

About darden restaurants inc. - DRI

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 consists 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.

DRI At a Glance

Darden Restaurants, Inc.
1000 Darden Center Drive
Orlando, Florida 32837-4032
Phone 1-407-245-4000 Revenue 11.39B
Industry Restaurants Net Income 1.03B
Sector Consumer Services 2024 Sales Growth 8.602%
Fiscal Year-end 05 / 2025 Employees 191,105
View SEC Filings

DRI Valuation

P/E Current 18.578
P/E Ratio (with extraordinary items) N/A
P/E Ratio (without extraordinary items) 17.351
Price to Sales Ratio 1.565
Price to Book Ratio 7.823
Price to Cash Flow Ratio 10.995
Enterprise Value to EBITDA 13.56
Enterprise Value to Sales 2.137
Total Debt to Enterprise Value 0.277

DRI Efficiency

Revenue/Employee 59,600.743
Income Per Employee 5,377.149
Receivables Turnover 143.995
Total Asset Turnover 0.92

DRI Liquidity

Current Ratio 0.375
Quick Ratio 0.243
Cash Ratio 0.10

DRI Profitability

Gross Margin 17.183
Operating Margin 11.723
Pretax Margin 10.32
Net Margin 9.022
Return on Assets 8.325
Return on Equity 46.377
Return on Total Capital 11.481
Return on Invested Capital 12.415

DRI Capital Structure

Total Debt to Total Equity 300.25
Total Debt to Total Capital 75.016
Total Debt to Total Assets 51.93
Long-Term Debt to Equity 286.832
Long-Term Debt to Total Capital 71.663
  • Income Statement
  • Balance Sheet
  • Cash Flow Statement

Annual Financials for Darden Restaurants Inc. - DRI

Collapse All in section
All values USD millions. 2021 2022 2023 2024 5-year trend
Sales/Revenue
7.20B 9.63B 10.49B 11.39B
Sales Growth
-7.82% +33.82% +8.91% +8.60%
Cost of Goods Sold (COGS) incl D&A
6.05B 8.01B 8.79B 9.43B
COGS excluding D&A
- - - -
-
Depreciation & Amortization Expense
350.90M 368.40M 387.80M 459.90M
Depreciation
323.50M 346.70M 367.40M 435.10M
Amortization of Intangibles
27.40M 21.70M 20.40M 24.80M
COGS Growth
-10.36% +32.26% +9.79% +7.32%
Gross Income
1.14B 1.62B 1.70B 1.96B
Gross Income Growth
+8.41% +42.12% +4.55% +15.22%
Gross Profit Margin
+15.89% +16.87% +16.20% +17.18%
2021 2022 2023 2024 5-year trend
SG&A Expense
521.60M 463.60M 521.90M 621.90M
Research & Development
- - - -
-
Other SG&A
521.60M 463.60M 521.90M 621.90M
SGA Growth
-13.51% -11.12% +12.58% +19.16%
Other Operating Expense
- - - -
-
Unusual Expense
(24.10M) 6.40M (15.90M) 3.40M
EBIT after Unusual Expense
645.70M 1.15B 1.19B 1.33B
Non Operating Income/Expense
(3.20M) 12.00M 12.90M (16.60M)
Non-Operating Interest Income
1.70M 1.90M 7.80M 4.50M
Equity in Earnings of Affiliates
- - - -
-
Interest Expense
66.00M 73.20M 85.10M 139.80M
Interest Expense Growth
+6.28% +10.91% +16.26% +64.28%
Gross Interest Expense
69.20M 75.80M 90.50M 144.30M
Interest Capitalized
3.20M 2.60M 5.40M 4.50M
Pretax Income
576.50M 1.09B 1.12B 1.18B
Pretax Income Growth
+458.07% +89.68% +2.47% +4.91%
Pretax Margin
+8.01% +11.36% +10.68% +10.32%
Income Tax
(55.90M) 138.80M 137.00M 145.00M
Income Tax - Current - Domestic
(221.60M) 163.40M 191.50M 142.70M
Income Tax - Current - Foreign
(200.00K) 1.40M 1.60M 3.00M
Income Tax - Deferred - Domestic
165.90M (26.00M) (56.10M) (700.00K)
Income Tax - Deferred - Foreign
- - - -
-
Income Tax Credits
- - - -
-
Equity in Earnings of Affiliates
- - - -
-
Other After Tax Income (Expense)
- - - -
-
Consolidated Net Income
632.40M 954.70M 983.50M 1.03B
Minority Interest Expense
- - - -
-
Net Income
632.40M 954.70M 983.50M 1.03B
Net Income Growth
+1,385.37% +50.96% +3.02% +4.78%
Net Margin Growth
+8.79% +9.91% +9.38% +9.05%
Extraordinaries & Discontinued Operations
(3.10M) (1.90M) (1.60M) (2.90M)
Discontinued Operations
(3.10M) (1.90M) (1.60M) (2.90M)
Net Income After Extraordinaries
629.30M 952.80M 981.90M 1.03B
Preferred Dividends
- - - -
-
Net Income Available to Common
629.30M 952.80M 981.90M 1.03B
EPS (Basic)
4.8259 7.4554 8.055 8.5705
EPS (Basic) Growth
+1,229.92% +54.49% +8.04% +6.40%
Basic Shares Outstanding
130.40M 127.80M 121.90M 119.90M
EPS (Diluted)
4.7747 7.386 7.9894 8.5066
EPS (Diluted) Growth
+1,217.93% +54.69% +8.17% +6.47%
Diluted Shares Outstanding
131.80M 129.00M 122.90M 120.80M
EBITDA
972.50M 1.53B 1.56B 1.80B
EBITDA Growth
+20.46% +57.28% +2.29% +14.74%
EBITDA Margin
+13.51% +15.88% +14.92% +15.76%

Snapshot

Average Recommendation OVERWEIGHT Average Target Price 183.731
Number of Ratings 31 Current Quarters Estimate 2.033
FY Report Date 11 / 2024 Current Year's Estimate 9.443
Last Quarter’s Earnings 1.75 Median PE on CY Estimate N/A
Year Ago Earnings 8.88 Next Fiscal Year Estimate 10.548
Median PE on Next FY Estimate N/A

Earnings Per Share

This Quarter Next Quarter This Fiscal Next Fiscal
# of Estimates 27 27 28 29
Mean Estimate 2.03 2.79 9.44 10.55
High Estimates 2.21 2.87 9.61 11.00
Low Estimate 1.95 2.70 9.26 10.20
Coefficient of Variance 2.71 1.53 0.79 1.97

Analysts Recommendations

Current 1 Month Ago 3 Months Ago
BUY 16 16 15
OVERWEIGHT 2 2 4
HOLD 11 11 11
UNDERWEIGHT 1 1 0
SELL 1 1 1
MEAN Overweight Overweight Overweight

Insider Actions for Darden Restaurants Inc. - DRI

Date Name Shares Transaction Value
Sep 27, 2024 Laura B Williamson President, LongHorn Steakhouse N/A Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 0.00
Sep 27, 2024 Laura B Williamson President, LongHorn Steakhouse N/A Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 0.00
Sep 27, 2024 Laura B Williamson President, LongHorn Steakhouse 9,989 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $173.08 per share 1,728,896.12
Sep 27, 2024 Laura B Williamson President, LongHorn Steakhouse 14,928 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $173.03 per share 2,582,991.84
Sep 27, 2024 Laura B Williamson President, LongHorn Steakhouse 16,381 Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 Non-derivative transaction at $85.83 per share 1,405,981.23
Sep 27, 2024 Laura B Williamson President, LongHorn Steakhouse 14,156 Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 Non-derivative transaction at $78.84 per share 1,116,059.04
May 29, 2024 Juliana L. Chugg Director 1,855 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
May 29, 2024 Timothy J. Wilmott Director 4,777 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Apr 29, 2024 Matthew R. Broad SVP General Counsel N/A Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 0.00
Apr 29, 2024 Matthew R. Broad SVP General Counsel 19,179 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $156.15 per share 2,994,800.85
Apr 29, 2024 Matthew R. Broad SVP General Counsel 23,886 Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 Non-derivative transaction at $85.83 per share 2,050,135.38
Apr 10, 2024 William S. Simon Director 6,281 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $158.21 per share 993,717.01
Feb 2, 2024 Matthew R. Broad SVP General Counsel 22,383 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $163.03 per share 3,649,100.49
Feb 2, 2024 Matthew R. Broad SVP General Counsel 19,141 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $163.12 per share 3,122,279.92
Feb 2, 2024 Matthew R. Broad SVP General Counsel 4,707 Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 0.00
Dec 22, 2023 Douglas J. Milanes SVP, Chief Supply Chain Ofcr 5,458 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $166.34 per share 907,883.72
Dec 22, 2023 Ricardo Cardenas President and CEO; Director 53,626 Bona fide gift 0.00
Dec 22, 2023 Sarah H. King SVP, Chief People Officer 325 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $165.25 per share 53,706.25
Dec 22, 2023 Melvin John Martin President, SRG 24,126 Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 Non-derivative transaction at $59.68 per share 1,439,839.68
Dec 22, 2023 Melvin John Martin President, SRG 17,159 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $165.12 per share 2,833,294.08

Darden Restaurants Inc. in the News

Economy

Olive Garden raising menu prices again

Popular Italian restaurant chain Olive Garden expects to raise prices "more in line with inflation" moving forward, parent company Darden said in its earnings call this week.