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

by · The Markets Daily

Darden Restaurants (NYSE:DRI – Get Free Report) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided EPS guidance of 9.400-9.600 for the period, compared to the consensus EPS 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.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Argus decreased their target price on Darden Restaurants from $186.00 to $175.00 and set a buy rating for the company in a research report on Tuesday, June 25th. Wedbush raised their price objective on shares of Darden Restaurants from $170.00 to $200.00 and gave the stock an outperform rating in a report on Friday. Wells Fargo & Company boosted their target price on shares of Darden Restaurants from $160.00 to $165.00 and gave the company an equal weight rating in a research note on Friday. BTIG Research increased their target price on shares of Darden Restaurants from $175.00 to $195.00 and gave the company a buy rating in a research report on Friday. Finally, Piper Sandler lifted their price target on shares of Darden Restaurants from $159.00 to $177.00 and gave the stock a neutral rating in a report on Friday. One 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 stock. According to MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average target price of $179.28.

View Our Latest Report on Darden Restaurants

Darden Restaurants Trading Down 1.2 %

Shares of DRI opened at $170.17 on Friday. Darden Restaurants has a 1-year low of $133.36 and a 1-year high of $176.84. The company has a market capitalization of $20.31 billion, a P/E ratio of 19.97, a P/E/G ratio of 1.76 and a beta of 1.30. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.38 and a quick ratio of 0.24. The firm’s 50 day simple moving average is $150.34 and its 200 day simple moving average is $153.52.

Darden Restaurants (NYSE:DRI – Get Free Report) last posted its quarterly earnings data on Thursday, September 19th. The restaurant operator reported $1.75 earnings per share for the quarter, missing the consensus estimate of $1.83 by ($0.08). Darden Restaurants had a net margin of 9.02% and a return on equity of 49.82%. The company had revenue of $2.76 billion for the quarter, compared to analysts’ expectations of $2.80 billion. During the same quarter last year, the business posted $1.78 EPS. The business’s quarterly revenue was up 1.0% compared to the same quarter last year. Sell-side analysts forecast that Darden Restaurants will post 9.47 earnings per share for the current fiscal year.

Darden Restaurants Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Thursday, October 10th will be issued a $1.40 dividend. This is a boost from Darden Restaurants’s previous quarterly dividend of $1.29. This represents a $5.60 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date of this dividend is Thursday, October 10th. Darden Restaurants’s dividend payout ratio is presently 65.73%.

Insider Buying and Selling

In other Darden Restaurants news, SVP Sarah H. King sold 15,941 shares of the stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $147.06, for a total transaction of $2,344,283.46. Following the transaction, the senior vice president now directly owns 447 shares in the company, valued at $65,735.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, SVP Sarah H. King sold 15,941 shares of the firm’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 transaction, the senior vice president now directly owns 447 shares of the company’s stock, valued at $65,735.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 value 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 approximately $1,649,483.19. The disclosure for this sale can be found here. 0.85% of the stock is currently owned by corporate insiders.

About Darden Restaurants

(Get Free Report)

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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