Darden Restaurants (NYSE:DRI – Get Free Report) announced its quarterly earnings data on Thursday. The restaurant operator reported $1.75 earnings per share for the quarter, missing the consensus estimate of $1.83 by ($0.08), Briefing.com reports. The company had revenue of $2.76 billion for the quarter, compared to analyst estimates of $2.80 billion. Darden Restaurants had a return on equity of 49.82% and a net margin of 9.02%. Darden Restaurants’s revenue was up 1.0% on a year-over-year basis. During the same period in the prior year, the business earned $1.78 earnings per share. Darden Restaurants updated its FY 2025 guidance to 9.400-9.600 EPS and its FY25 guidance to $9.40-9.60 EPS.
Darden Restaurants Price Performance
Shares of NYSE DRI opened at $170.17 on Friday. The firm has a 50-day moving average of $150.34 and a two-hundred day moving average of $153.52. The company has a market capitalization of $20.31 billion, a price-to-earnings ratio of 19.97, a PEG ratio of 1.76 and a beta of 1.30. The company has a current ratio of 0.38, a quick ratio of 0.24 and a debt-to-equity ratio of 0.61. Darden Restaurants has a twelve month low of $133.36 and a twelve month high of $176.84.
Darden Restaurants Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Thursday, October 10th will be issued a dividend of $1.40 per share. This is a positive change from Darden Restaurants’s previous quarterly dividend of $1.29. This represents a $5.60 dividend on an annualized basis and a yield of 3.29%. The ex-dividend date is Thursday, October 10th. Darden Restaurants’s payout ratio is presently 65.73%.
Wall Street Analyst Weigh In
Read Our Latest Stock Report on DRI
Insider Activity at Darden Restaurants
In other Darden Restaurants news, SVP Sarah H. King sold 15,941 shares of the company’s stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $147.06, for a total value of $2,344,283.46. Following the transaction, the senior vice president now owns 447 shares of the company’s stock, valued at $65,735.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, insider Melvin John Martin sold 2,500 shares of Darden Restaurants stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $141.09, for a total value of $352,725.00. Following the transaction, the insider now owns 11,691 shares of the company’s stock, valued at approximately $1,649,483.19. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Sarah H. King sold 15,941 shares of the business’s stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $147.06, for a total value of $2,344,283.46. Following the sale, the senior vice president now owns 447 shares in the company, valued at approximately $65,735.82. The disclosure for this sale can be found here. Company insiders own 0.85% of the company’s stock.
Darden Restaurants Company Profile
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.
Featured Stories
- Five stocks we like better than Darden Restaurants
- What is Insider Trading? What You Can Learn from Insider Trading
- Take Advantage of Village Farms Stock as Cannabis Market Evolves
- 3 Home Improvement Stocks that Can Upgrade Your Portfolio
- MarketBeat Week in Review – 9/16 – 9/20
- Breakout Stocks: What They Are and How to Identify Them
- Don’t Miss These 3 Retail Stocks for Fall Gains
Receive News & Ratings for Darden Restaurants Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Darden Restaurants and related companies with MarketBeat.com's FREE daily email newsletter.