Darden Restaurants (NYSE:DRI) Updates FY 2025 Earnings Guidance

Darden Restaurants (NYSE:DRI) updated its FY 2025 earnings guidance on Thursday. The company provided earnings per share guidance of 9.400-9.600 for the period, compared to the consensus earnings per share estimate of 9.500. The company issued revenue guidance of $11.8 billion-$11.9 billion, compared to the consensus revenue estimate of $11.8 billion. Darden Restaurants also updated its FY25 guidance to $9.40-9.60 EPS.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Bank of America increased their price target on shares of Darden Restaurants from $180.00 to $185.00 and gave the stock a buy rating in a research report on Friday, June 21st. Morgan Stanley reiterated an overweight rating and set a $175.00 price target on shares of Darden Restaurants in a research report on Friday, June 21st. Argus reduced their price target on shares of Darden Restaurants from $186.00 to $175.00 and set a buy rating on the stock in a research report on Tuesday, June 25th. JPMorgan Chase & Co. cut their target price on shares of Darden Restaurants from $176.00 to $165.00 and set an overweight rating on the stock in a research report on Tuesday, May 28th. Finally, TD Cowen restated a hold rating and issued a $150.00 target price on shares of Darden Restaurants in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seventeen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of Moderate Buy and an average target price of $173.87.

Darden Restaurants Price Performance

Shares of NYSE DRI opened at $172.27 on Friday. Darden Restaurants has a twelve month low of $133.36 and a twelve month high of $176.84. The firm has a fifty day simple moving average of $149.69 and a 200 day simple moving average of $153.39. The company has a market capitalization of $20.56 billion, a PE ratio of 20.22, a P/E/G ratio of 1.76 and a beta of 1.30. The company has a quick ratio of 0.24, a current ratio of 0.38 and a debt-to-equity ratio of 0.61.

Darden Restaurants (NYSE:DRI) last announced its earnings results on Thursday, September 19th. The restaurant operator reported $1.75 earnings per share for the quarter, missing analysts’ consensus estimates of $1.83 by ($0.08). Darden Restaurants had a return on equity of 49.82% and a net margin of 9.02%. The firm had revenue of $2.76 billion for the quarter, compared to the consensus estimate of $2.80 billion. During the same period in the prior year, the business earned $1.78 EPS. Darden Restaurants’s quarterly revenue was up 1.0% on a year-over-year basis. On average, sell-side analysts forecast that Darden Restaurants will post 9.47 EPS for the current year.

Insider Buying and Selling at Darden Restaurants

In other Darden Restaurants news, SVP Sarah H. King sold 15,941 shares of Darden Restaurants stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $147.06, for a total value of $2,344,283.46. Following the completion of the sale, the senior vice president now directly owns 447 shares of the company’s stock, valued at $65,735.82. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, insider Melvin John Martin sold 2,500 shares of the business’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $141.09, for a total transaction of $352,725.00. Following the completion of the sale, the insider now directly owns 11,691 shares of the company’s stock, valued at $1,649,483.19. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Sarah H. King sold 15,941 shares of the business’s stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $147.06, for a total transaction of $2,344,283.46. Following the sale, the senior vice president now directly owns 447 shares of the company’s stock, valued at $65,735.82. The disclosure for this sale can be found here. Insiders own 0.85% of the company’s stock.

Darden Restaurants Company Profile

Darden Restaurants, Inc, together with its subsidiaries, owns and operates full-service restaurants in the United States and Canada. It operates under Olive Garden, LongHorn Steakhouse, Cheddar’s Scratch Kitchen, Yard House, The Capital Grille, Seasons 52, Bahama Breeze, Eddie V’s Prime Seafood, and Capital Burger brand names.