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Darden Restaurants Inc DRI Stock Quote

Morningstar Rating
| Rating as of

NYSE: DRI

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Market Closed

| Currency in USD

  • Last Close 143.50
  • Sector Consumer Cyclical
  • Industry Restaurants
  • Investment Style Mid Blend
  • Day Range 143.37  –  145.84
  • Year Range 120.20  –  173.06
  • Market Cap 17.3453 Bil
  • Volume / Avg 1.6 Mil /  1.2 Mil
  • Price / Sales 1.63
  • Price / Book 8.08
  • Forward Div Yield 3.23%
  • Trailing Div Yield 3.44%

Morningstar‘s Stock Analysis DRI

Valuation
Currency in —
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Is it the right time to buy or sell?
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1-Star Price

INVESTOR

5-Star Price

INVESTOR

Economic Moat

INVESTOR

Capital Allocation

INVESTOR

Darden Earnings: Same-Store Sales Continue to Outpace the Industry, but Consumer Uncertainty Looms

Jaime M. Katz Senior Equity Analyst

Analyst Note

| Jaime M. Katz |

Narrow-moat Darden Restaurants extended its full-service restaurant share gains during its fiscal 2024 first quarter ended August, outperforming the industry’s same-store sales average by over 400 basis points (Black Box Intelligence). Driven by strong same-store sales growth of 6.1% at Olive Garden and 8.1% at LongHorn Steakhouse, total sales topped $2.7 billion, matching our estimate. Against a more challenging economic backdrop, Darden’s development of more value-oriented fare continues to resonate with consumers, buoyed by its dedication to strategically pricing at a value gap to its peers (according to Darden). As for cost management, restaurant-level EBITDA margin increased 170 basis points to 19%, thanks to food and beverage pricing leverage and productivity gains, just south of our 20% forecast.

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Key Statistics DRI

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Company Profile DRI

Business Description

Darden Restaurants is the largest restaurant operator in the U.S. full-service space, with consolidated revenue of $10.5 billion in fiscal 2023 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 2023, the company operated 1,914 restaurants in the U.S.

Contact
1000 Darden Center Drive
Orlando, FL, 32837
Sector Consumer Cyclical
Industry Restaurants
Employees 187,384

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Related News DRI

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Competitors & Peers DRI

More on DRI’s Competitors & Peers

Morningstar analysts hand-select direct competitors or comparable companies to provide context on the strength and durability of DRI’s competitive advantage.

Darden Restaurants Inc

XNYS: DRI

McDonald's Corp

XNYS: MCD

Starbucks Corp

XNAS: SBUX

Chipotle Mexican Grill Inc

XNYS: CMG
Price
143.50272.2293.681,875.58
Currency
USDUSDUSDUSD
Change
−$1.99 (1.37%) +$1.00 (0.37%) +$0.58 (0.62%) +$9.57 (0.51%)
Market Cap
17.35 Bil198.38 Bil107.30 Bil51.74 Bil
Industry
Restaurants Restaurants Restaurants Restaurants
Sector
Consumer Cyclical
Consumer Cyclical
Consumer Cyclical
Consumer Cyclical

* Trading data in this section is delayed by at least 15 minutes.

FAQs for Darden Restaurants Inc Stock

Yes. DRI has a forward dividend yield of 3.44%. See DRI’s full dividends and stock split history on the Dividend tab.
Dividend yield allows investors, particularly those interested in dividend-paying stocks, to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price.

Learn more about dividend yield.

DRI’s market cap is 17.35 Bil.
Market capitalization is calculated by taking a company’s share price and multiplying it by the total number of shares. It’s often used to measure a company’s size. In the Morningstar Style Box, large-cap names account for the largest 70% of U.S. stocks, mid-cap names account for the largest 70–90%, and small-cap names are the remaining 10% of companies.

Learn more about market capitalization.

DRI’s stock style is Mid Core.
Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated.

High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends.

Learn more about style.

DRI’s price/sales is 1.63.
Price/sales represents the amount an investor is willing to pay for a dollar generated from a particular company’s sales or revenues.

DRI’s price/forward earnings is 17.85.
Forward P/E gives some indication of how cheap or expensive a stock is compared with consensus earnings estimates. The lower the Forward P/E, the cheaper the stock.

DRI’s price/book is 8.08.
Price/book ratio can tell investors approximately how much they’re paying for a company’s assets, based on historical, rather than current, valuations. Historical valuations generally do not reflect a company’s current market value. Value investors frequently look for companies that have low price/book ratios.

See DRI’s valuation ratios compared to the Market Index.

DRI’s beta can be found in Trading Information at the top of this page.
A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.

Compare DRI’s historical performance against its industry peers and the overall market.