Darden Restaurants (DRI) Stock Forecast & Price Target

$167.69 +3.13 (+1.90%)

(As of 11/22/2024 ET)

Darden Restaurants - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 23 Analyst Ratings

Sell
1

Hold
6

Buy
16

Based on 23 Wall Street analysts who have issued ratings for Darden Restaurants in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 23 analysts, 1 has given a sell rating, 6 have given a hold rating, and 16 have given a buy rating for DRI.

Consensus Price Target

$180.13
7.42% Upside

According to the 23 analysts' twelve-month price targets for Darden Restaurants, the average price target is $180.13. The highest price target for DRI is $205.00, while the lowest price target for DRI is $124.00. The average price target represents a forecasted upside of 7.42% from the current price of $167.69.

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DRI Analyst Ratings Over Time

Type	Current Forecast 11/25/23 to 11/24/24	1 Month Ago 10/26/23 to 10/25/24	3 Months Ago 8/27/23 to 8/26/24	1 Year Ago 11/25/22 to 11/25/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	16 Buy rating(s)	16 Buy rating(s)	16 Buy rating(s)	15 Buy rating(s)
Hold	6 Hold rating(s)	6 Hold rating(s)	5 Hold rating(s)	5 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$180.13	$180.13	$170.50	$167.83
Forecasted Upside	7.42% Upside	12.64% Upside	9.15% Upside	7.57% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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DRI Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

DRI Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Darden Restaurants Stock vs. The Competition

Type	Darden Restaurants	Retail/Wholesale Companies	S&P 500
Consensus Rating Score	2.65	2.51	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	7.42% Upside	25.99% Upside	7.66% Upside
News Sentiment Rating	Positive News See Recent DRI News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
10/14/2024	Stephens 4 of 5 stars	J. Salera Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Equal Weight ➝ Equal Weight	$164.00 ➝ $164.00	+4.65%
9/20/2024	Wells Fargo & Company 3 of 5 stars		Boost Target	Equal Weight ➝ Equal Weight	$160.00 ➝ $165.00	-2.52%
9/20/2024	BMO Capital Markets 4 of 5 stars		Boost Target	Market Perform ➝ Market Perform	$165.00 ➝ $175.00	+2.65%
9/20/2024	BTIG Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	P. Saleh Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$175.00 ➝ $195.00	+14.38%
9/20/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$184.00 ➝ $195.00	+14.38%
9/20/2024	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$170.00 ➝ $194.00	+13.42%
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9/20/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$185.00 ➝ $195.00	+13.88%
9/20/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$180.00 ➝ $192.00	+12.42%
9/20/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$159.00 ➝ $177.00	+3.64%
9/20/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$165.00 ➝ $176.00	+3.05%
9/20/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$188.00 ➝ $195.00	+14.10%
9/20/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$175.00 ➝ $188.00	+9.13%
9/20/2024	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$170.00 ➝ $200.00	+16.10%
9/20/2024	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Gargiulo Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ Market Perform	$190.00 ➝ $180.00	+4.49%
9/20/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Palmer Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	In-Line ➝ Outperform	$165.00 ➝ $205.00	+19.00%
9/19/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating	A. Charles Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Hold ➝ Hold	$150.00 ➝ $150.00	-5.74%
9/10/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$192.00 ➝ $191.00	+22.66%
8/20/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$160.00 ➝ $160.00	+2.79%
7/11/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Hold ➝ Underperform	$154.00 ➝ $124.00	-10.16%
6/25/2024	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$186.00 ➝ $175.00	+13.54%
6/21/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$190.00 ➝ $180.00	+16.66%
3/22/2024	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$186.00 ➝ $182.00	+11.51%
3/19/2024	Guggenheim Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$180.00 ➝ $185.00	+7.02%
10/19/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$159.00	+12.99%
9/25/2023	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$183.00 ➝ $180.00	+25.44%
6/26/2023	VNET Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Reiterates
6/23/2023	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$152.00 ➝ $165.00	+1.77%
3/24/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$157.00 ➝ $165.00	+9.62%
12/7/2022	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$140.00 ➝ $155.00	+8.50%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 10:26 PM ET.

Should I Buy Darden Restaurants Stock? DRI Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, November 20, 2024. Please send any questions or comments about these Darden Restaurants pros and cons to contact@marketbeat.com.

Darden Restaurants
Bull Case

Here are some ways that investors could benefit from investing in Darden Restaurants, Inc.:

Darden Restaurants, Inc. recently increased its quarterly dividend to $1.40 per share, reflecting a commitment to returning value to shareholders. This represents an annualized dividend of $5.60, providing a yield of 3.36%, which is attractive for income-focused investors.
The company reported a strong return on equity of 49.46%, indicating effective management and profitability relative to shareholder equity, which can be a sign of a well-performing investment.
Despite missing earnings expectations slightly, Darden Restaurants, Inc. achieved a revenue of $2.76 billion for the quarter, showing a year-over-year growth of 1.0%. This growth suggests resilience in its business model.
The current stock price is around $163.16, which is above its 200-day simple moving average of $153.64, indicating a positive trend and potential for further appreciation.
The company maintains a manageable debt-to-equity ratio of 0.65, suggesting a balanced approach to leveraging, which can provide stability in uncertain economic conditions.

Darden Restaurants
Bear Case

Investors should be bearish about investing in Darden Restaurants, Inc. for these reasons:

The current ratio of 0.35 and quick ratio of 0.22 indicate potential liquidity issues, suggesting that the company may struggle to meet short-term obligations without additional financing.
Darden Restaurants, Inc. missed earnings expectations by $0.08, which could raise concerns about its ability to meet future financial targets and investor expectations.
The price-to-earnings (P/E) ratio of 19.23 may suggest that the stock is overvalued compared to its earnings, which could deter value-focused investors.
The company’s net margin of 9.11% is relatively modest, indicating that while it is profitable, there may be limited room for expansion in profitability.
With a beta of 1.31, the stock is more volatile than the market, which could pose risks for investors who prefer stable investments.

DRI Forecast - Frequently Asked Questions

: According to the research reports of 23 Wall Street equities research analysts, the average twelve-month stock price forecast for Darden Restaurants is $180.13, with a high forecast of $205.00 and a low forecast of $124.00.
: 23 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Darden Restaurants in the last year. There is currently 1 sell rating, 6 hold ratings and 16 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" DRI shares.
: According to analysts, Darden Restaurants's stock has a predicted upside of 7.42% based on their 12-month stock forecasts.
: Over the previous 90 days, Darden Restaurants's stock had 1 upgrade and 1 downgrade by analysts.
: Darden Restaurants has been rated by research analysts at Bank of America, Barclays, BMO Capital Markets, BTIG Research, Citigroup, Evercore ISI, JPMorgan Chase & Co., KeyCorp, Morgan Stanley, Piper Sandler, Sanford C. Bernstein, Stephens, TD Cowen, Truist Financial, UBS Group, Wedbush, and Wells Fargo & Company in the past 90 days.
: Analysts like Darden Restaurants more than other "retail/wholesale" companies. The consensus rating score for Darden Restaurants is 2.65 while the average consensus rating score for "retail/wholesale" companies is 2.51. Learn more on how DRI compares to other companies.

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This page (NYSE:DRI) was last updated on 11/24/2024 by MarketBeat.com Staff

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Darden Restaurants (DRI) Stock Forecast & Price Target