Darden Restaurants (NYSE:DRI - Get Free Report) issued an update on its FY25 earnings guidance on Thursday morning. The company provided EPS guidance of $9.45-$9.52 for the period, compared to the consensus EPS estimate of $9.48. The company issued revenue guidance of $12.1 billion, compared to the consensus revenue estimate of $12.09 billion. Darden Restaurants also updated its FY 2025 guidance to 9.450-9.520 EPS.
Darden Restaurants Trading Up 4.5 %
NYSE DRI traded up $8.91 during trading hours on Monday, hitting $208.84. 2,129,622 shares of the company were exchanged, compared to its average volume of 1,246,964. The stock has a market cap of $24.46 billion, a PE ratio of 23.92, a price-to-earnings-growth ratio of 2.15 and a beta of 1.27. Darden Restaurants has a 52 week low of $135.87 and a 52 week high of $210.31. The stock has a 50-day moving average price of $192.60 and a 200 day moving average price of $177.21. The company has a quick ratio of 0.23, a current ratio of 0.37 and a debt-to-equity ratio of 1.02.
Darden Restaurants (NYSE:DRI - Get Free Report) last released its quarterly earnings results on Thursday, March 20th. The restaurant operator reported $2.80 earnings per share for the quarter, meeting the consensus estimate of $2.80. The company had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.22 billion. Darden Restaurants had a return on equity of 50.12% and a net margin of 9.01%. Darden Restaurants's quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.60 EPS. Analysts forecast that Darden Restaurants will post 9.52 earnings per share for the current fiscal year.
Darden Restaurants Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be paid a dividend of $1.40 per share. The ex-dividend date is Thursday, April 10th. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.68%. Darden Restaurants's dividend payout ratio is presently 64.15%.
Wall Street Analyst Weigh In
Several brokerages have issued reports on DRI. Truist Financial raised their price objective on shares of Darden Restaurants from $200.00 to $212.00 and gave the stock a "buy" rating in a research note on Monday, March 17th. Barclays boosted their price objective on Darden Restaurants from $230.00 to $235.00 and gave the company an "overweight" rating in a report on Friday. Stifel Nicolaus increased their target price on Darden Restaurants from $205.00 to $215.00 and gave the stock a "buy" rating in a research note on Friday. TD Securities upped their price target on shares of Darden Restaurants from $180.00 to $190.00 and gave the stock a "hold" rating in a report on Friday. Finally, Bank of America lifted their price objective on shares of Darden Restaurants from $230.00 to $238.00 and gave the company a "buy" rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat.com, Darden Restaurants has an average rating of "Moderate Buy" and a consensus price target of $202.08.
Read Our Latest Stock Report on DRI
Insider Transactions at Darden Restaurants
In other Darden Restaurants news, insider Todd Burrowes sold 15,783 shares of the firm's stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $183.03, for a total value of $2,888,762.49. Following the completion of the sale, the insider now owns 46,288 shares of the company's stock, valued at approximately $8,472,092.64. This trade represents a 25.43 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Matthew R. Broad sold 12,759 shares of the company's stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $187.37, for a total transaction of $2,390,653.83. Following the transaction, the senior vice president now owns 14,328 shares in the company, valued at approximately $2,684,637.36. This trade represents a 47.10 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 45,698 shares of company stock valued at $8,536,729 in the last quarter. 0.58% of the stock is currently owned by corporate insiders.
Darden Restaurants Company Profile
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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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