Darden Restaurants (NYSE:DRI – Get Free Report) released its quarterly earnings data on Thursday. The restaurant operator reported $1.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.83 by ($0.08), Briefing.com reports. Darden Restaurants had a return on equity of 49.82% and a net margin of 9.02%. The business had revenue of $2.76 billion for the quarter, compared to analysts’ expectations of $2.80 billion. During the same quarter in the prior year, the firm earned $1.78 earnings per share. Darden Restaurants’s quarterly revenue was up 1.0% compared to the same quarter last year. Darden Restaurants updated its FY 2025 guidance to 9.400-9.600 EPS and its FY25 guidance to $9.40-9.60 EPS.
Darden Restaurants Stock Performance
DRI stock opened at $170.17 on Friday. The company has a 50-day simple moving average of $150.34 and a 200 day simple moving average of $153.52. The company has a market capitalization of $20.31 billion, a P/E ratio of 19.97, a PEG 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 has a fifty-two week low of $133.36 and a fifty-two week high of $176.84.
Darden Restaurants Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Thursday, October 10th will be paid a $1.40 dividend. This is a boost from Darden Restaurants’s previous quarterly dividend of $1.29. The ex-dividend date is Thursday, October 10th. This represents a $5.60 annualized dividend and a dividend yield of 3.29%. Darden Restaurants’s dividend payout ratio is presently 65.73%.
Insider Buying and Selling at Darden Restaurants
Wall Street Analysts Forecast Growth
A number of analysts recently weighed in on DRI shares. Evercore ISI raised shares of Darden Restaurants from an “in-line” rating to an “outperform” rating and upped their price target for the stock from $165.00 to $205.00 in a research report on Friday. Piper Sandler increased their target price on Darden Restaurants from $159.00 to $177.00 and gave the company a “neutral” rating in a research note on Friday. Raymond James reiterated an “outperform” rating and set a $160.00 target price on shares of Darden Restaurants in a report on Tuesday, August 20th. BTIG Research upped their price target on Darden Restaurants from $175.00 to $195.00 and gave the stock a “buy” rating in a report on Friday. Finally, Stifel Nicolaus dropped their price objective on shares of Darden Restaurants from $190.00 to $180.00 and set a “buy” rating on the stock in a research note on Friday, June 21st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $179.28.
Read Our Latest Stock Analysis on Darden Restaurants
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.
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