Darden Restaurants (NYSE:DRI) Releases FY 2026 Earnings Guidance

by · The Markets Daily

Darden Restaurants (NYSE:DRI – Get Free Report) issued an update on its FY 2026 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 10.500-10.700 for the period, compared to the consensus estimate of 10.590. The company issued revenue guidance of -, compared to the consensus revenue estimate of $13.1 billion.

Darden Restaurants Price Performance

DRI opened at $189.41 on Thursday. The firm has a market capitalization of $22.03 billion, a PE ratio of 20.30, a price-to-earnings-growth ratio of 1.80 and a beta of 0.66. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.40 and a quick ratio of 0.27. The business’s 50-day moving average is $179.97 and its two-hundred day moving average is $198.17. Darden Restaurants has a 1 year low of $159.67 and a 1 year high of $228.27.

Darden Restaurants (NYSE:DRI – Get Free Report) last released its quarterly earnings results on Thursday, September 18th. The restaurant operator reported $1.97 earnings per share for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.04). Darden Restaurants had a net margin of 8.90% and a return on equity of 52.35%. The firm had revenue of $3.04 billion during the quarter, compared to the consensus estimate of $3.03 billion. During the same quarter in the prior year, the business posted $1.75 earnings per share. The firm’s quarterly revenue was up 10.4% on a year-over-year basis. Research analysts anticipate that Darden Restaurants will post 9.52 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have weighed in on DRI shares. The Goldman Sachs Group upgraded shares of Darden Restaurants from a “neutral” rating to a “buy” rating and set a $225.00 target price for the company in a research note on Monday, October 20th. TD Cowen reissued a “hold” rating and issued a $235.00 price objective on shares of Darden Restaurants in a research report on Thursday, September 18th. Wells Fargo & Company reduced their target price on Darden Restaurants from $225.00 to $200.00 and set an “equal weight” rating on the stock in a research report on Friday, September 19th. Guggenheim decreased their price target on Darden Restaurants from $235.00 to $230.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, Bank of America boosted their price target on Darden Restaurants from $253.00 to $254.00 and gave the stock a “buy” rating in a research note on Tuesday, September 16th. Nineteen equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $223.39.

Read Our Latest Report on Darden Restaurants

Insiders Place Their Bets

In other news, SVP Matthew R. Broad sold 5,661 shares of the stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $193.40, for a total value of $1,094,837.40. Following the transaction, the senior vice president directly owned 13,916 shares of the company’s stock, valued at approximately $2,691,354.40. This represents a 28.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.49% of the company’s stock.

Institutional Investors Weigh In On Darden Restaurants

Large investors have recently bought and sold shares of the company. Glenview Trust co lifted its holdings in Darden Restaurants by 4.9% during the 2nd quarter. Glenview Trust co now owns 1,308 shares of the restaurant operator’s stock worth $285,000 after purchasing an additional 61 shares during the last quarter. 44 Wealth Management LLC increased its position in Darden Restaurants by 4.6% during the 2nd quarter. 44 Wealth Management LLC now owns 1,467 shares of the restaurant operator’s stock worth $320,000 after buying an additional 64 shares during the period. Visionary Wealth Advisors lifted its holdings in shares of Darden Restaurants by 5.0% during the second quarter. Visionary Wealth Advisors now owns 1,565 shares of the restaurant operator’s stock worth $341,000 after buying an additional 75 shares in the last quarter. Cresset Asset Management LLC grew its stake in shares of Darden Restaurants by 3.2% in the second quarter. Cresset Asset Management LLC now owns 2,424 shares of the restaurant operator’s stock valued at $529,000 after acquiring an additional 76 shares in the last quarter. Finally, Evergreen Capital Management LLC increased its position in Darden Restaurants by 2.8% during the second quarter. Evergreen Capital Management LLC now owns 3,004 shares of the restaurant operator’s stock worth $655,000 after acquiring an additional 82 shares during the period. Hedge funds and other institutional investors own 93.64% of the company’s stock.

Darden Restaurants Company Profile

(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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