Darden Restaurants, Inc. (NYSE:DRI) – Equities researchers at Wedbush boosted their Q4 2021 EPS estimates for shares of Darden Restaurants in a report issued on Thursday, June 25th. Wedbush analyst N. Setyan now expects that the restaurant operator will earn $1.23 per share for the quarter, up from their prior estimate of $1.22. Wedbush has a “Outperform” rating on the stock. Wedbush also issued estimates for Darden Restaurants’ Q3 2022 earnings at $1.95 EPS.

Darden Restaurants (NYSE:DRI) last posted its quarterly earnings data on Thursday, June 25th. The restaurant operator reported ($1.24) earnings per share for the quarter, topping the consensus estimate of ($1.64) by $0.40. The company had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.27 billion. Darden Restaurants had a positive return on equity of 16.68% and a negative net margin of 0.67%. Darden Restaurants’s revenue for the quarter was down 43.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.76 earnings per share.

Several other research analysts have also recently commented on DRI. JPMorgan Chase & Co. increased their price target on Darden Restaurants from $66.00 to $74.00 and gave the company a “neutral” rating in a research report on Wednesday, June 24th. Stifel Nicolaus increased their price target on Darden Restaurants from $75.00 to $87.00 and gave the company a “buy” rating in a research report on Wednesday, May 20th. Cfra reduced their price target on Darden Restaurants from $120.00 to $58.00 and set a “hold” rating for the company in a research report on Wednesday, April 1st. BMO Capital Markets increased their price target on Darden Restaurants from $72.00 to $77.00 and gave the company a “market perform” rating in a research report on Friday. Finally, SunTrust Banks increased their price target on Darden Restaurants from $85.00 to $100.00 and gave the company a “buy” rating in a research report on Friday. Fifteen research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $90.48.

DRI stock opened at $76.63 on Monday. The company has a debt-to-equity ratio of 2.24, a current ratio of 0.41 and a quick ratio of 0.27. The stock has a market capitalization of $8.81 billion, a P/E ratio of -191.58, a P/E/G ratio of 2.96 and a beta of 1.32. The business has a 50-day moving average of $75.85 and a 200-day moving average of $87.82. Darden Restaurants has a fifty-two week low of $26.15 and a fifty-two week high of $128.41.

In related news, insider Todd Burrowes acquired 2,564 shares of the stock in a transaction on Thursday, April 23rd. The shares were purchased at an average price of $58.50 per share, for a total transaction of $149,994.00. Following the purchase, the insider now directly owns 25,216 shares in the company, valued at $1,475,136. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Eugene I. Lee, Jr. acquired 25,641 shares of the stock in a transaction on Thursday, April 23rd. The shares were bought at an average price of $58.50 per share, for a total transaction of $1,499,998.50. Following the purchase, the chief executive officer now owns 177,264 shares in the company, valued at $10,369,944. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 37,178 shares of company stock worth $2,174,913. 0.47% of the stock is owned by corporate insiders.

Institutional investors have recently bought and sold shares of the business. Efficient Wealth Management LLC bought a new position in Darden Restaurants during the 1st quarter worth $26,000. First Financial Corp IN increased its stake in Darden Restaurants by 150.0% during the 1st quarter. First Financial Corp IN now owns 500 shares of the restaurant operator’s stock worth $27,000 after acquiring an additional 300 shares during the period. Sumitomo Mitsui Financial Group Inc. acquired a new stake in shares of Darden Restaurants in the 1st quarter valued at $30,000. Allred Capital Management LLC boosted its holdings in shares of Darden Restaurants by 120.1% in the 1st quarter. Allred Capital Management LLC now owns 724 shares of the restaurant operator’s stock valued at $39,000 after purchasing an additional 395 shares in the last quarter. Finally, Bartlett & Co. LLC acquired a new stake in shares of Darden Restaurants in the 1st quarter valued at $54,000. Hedge funds and other institutional investors own 88.12% of the company’s stock.

Darden Restaurants Company Profile

Darden Restaurants, Inc, through its subsidiaries, owns and operates full-service restaurants in the United States and Canada. As of May 27, 2018, it owned and operated approximately 1,746 restaurants under the Olive Garden, LongHorn Steakhouse, Cheddar's Scratch Kitchen, Yard House, The Capital Grille, Bahama Breeze, Seasons 52, and Eddie V's brands.

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Earnings History and Estimates for Darden Restaurants (NYSE:DRI)

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