Based on ratings from 27 stock analysts, the Darden Restaurants Inc stock price is expected to increase by 9.67% in 12 months. This is calculated by using the average 12-month stock price forecast for Darden Restaurants Inc. The lowest target is $136 and the highest is $209. Please note analyst price targets are not guaranteed and could be missed completely.
About 27 Wall Street analysts have assignedDRI 9 buy ratings, 17 hold ratings, and 1 sell ratings. This means that analysts expect Darden Restaurants Inc to hold. Keep in mind that these ratings are typically refreshed every quarter, underscoring the importance of conducting your own research on DRI. Don't forget to include both technical and fundamental analysis, as well as staying informed on news that could influence these ratings, in your due diligence.
These are the latest 20 analyst ratings of DRI.
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
---|---|---|---|---|
Jim Salera Stephens & Co. | Equal-Weight | $164 | Reiterates | Oct 14, 2024 |
Jim Salera Stephens & Co. | Equal-Weight | $164 | Maintains | Sep 20, 2024 |
Sara Senatore B of A Securities | Buy | $195 | Maintains | Sep 20, 2024 |
Brian Harbour Morgan Stanley | Overweight | $188 | Maintains | Sep 20, 2024 |
Jake Bartlett Truist Securities | Buy | $195 | Maintains | Sep 20, 2024 |
Andrew Charles TD Cowen | Hold | $165 | Maintains | Sep 20, 2024 |
David Palmer Evercore ISI Group | Outperform | $205 | Upgrade | Sep 20, 2024 |
Jeffrey Bernstein Barclays | Overweight | $192 | Maintains | Sep 20, 2024 |
Nick Setyan Wedbush | Outperform | $200 | Maintains | Sep 20, 2024 |
Brian Mullan Piper Sandler | Neutral | $177 | Maintains | Sep 20, 2024 |
Andrew Strelzik BMO Capital | Market Perform | $175 | Maintains | Sep 20, 2024 |
Eric Gonzalez Keybanc | Overweight | $194 | Maintains | Sep 20, 2024 |
Zachary Fadem Wells Fargo | Equal-Weight | $165 | Maintains | Sep 20, 2024 |
Danilo Gargiulo Bernstein | Market Perform | $180 | Downgrade | Sep 20, 2024 |
John Ivankoe JP Morgan | Overweight | $176 | Maintains | Sep 20, 2024 |
Peter Saleh BTIG | Buy | $195 | Maintains | Sep 20, 2024 |
Dennis Geiger UBS | Buy | $195 | Maintains | Sep 20, 2024 |
Jim Salera Stephens & Co. | Equal-Weight | $159 | Reiterates | Sep 19, 2024 |
Andrew Charles TD Cowen | Hold | $150 | Reiterates | Sep 19, 2024 |
Jim Salera Stephens & Co. | Equal-Weight | $159 | Maintains | Sep 13, 2024 |
When did it IPO
1995
Staff Count
191,105
Country
United States
Sector/Industry
Consumer Cyclical/Restaurants
CEO
Mr. Ricardo Cardenas
Market Cap
$19.63B
In 2023, DRI generated $10.49B in revenue, which was a increase of 8.91% from the previous year. This can be seen as a signal that DRI's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Summary - In October, SPY ended a 5-month positive streak with a loss of 0.89%. The top 10 stocks for November 2024 offer a 3.61% dividend yield, significantly higher than the S&P 500.
Why It Matters - SPY's loss signals potential market volatility, while high-dividend stocks offer attractive yields, suggesting a shift in investment strategies for income-focused investors.
Summary - Investors seeking reliable dividend payers may consider household names that are expected to provide inflation-beating payouts over the long term.
Why It Matters - Reliable dividend payers can provide steady income and protect against inflation, making them attractive for long-term investment stability and potential capital appreciation.
Summary - DRI has acquired Chuy's to enhance its restaurant portfolio, potentially expanding its market presence and customer base.
Why It Matters - DRI's acquisition of Chuy's expands its market presence and diversifies its portfolio, potentially driving revenue growth and improving competitive positioning.
Summary - Darden Restaurants, Inc. (NYSE: DRI), the parent company of Olive Garden, is currently down 0.9% at a share price of $157.22.
Why It Matters - Darden Restaurants' stock decline signals potential concerns about performance or market sentiment, impacting investor confidence and future valuations.
Summary - Darden Restaurants, Inc. has acquired Chuy's Holdings, Inc. for approximately $605 million in an all-cash transaction, enhancing its portfolio in the dining sector.
Why It Matters - Darden's acquisition of Chuy's for $605 million signals growth potential, expanded market presence, and may enhance future revenue streams, impacting stock performance and investor sentiment.
Summary - DocuSign will replace MDU Resources in the S&P MidCap 400, while MDU replaces Chuy's Holdings in the S&P SmallCap 600, effective October 11. Darden Restaurants is acquiring Chuy's.
Why It Matters - DocuSign's addition to the S&P MidCap 400 may boost its visibility and stock demand, while MDU's move to the SmallCap 600 could indicate reduced growth expectations. Chuy's acquisition by Darden may signal consolidation trends in the restaurant sector.