Darden Restaurants (DRI) Stock Forecast, Price Target & Predictions
DRI Stock Forecast
Darden Restaurants stock forecast is as follows: an average price target of $178.34 (represents a 9.69% upside from DRI’s last price of $162.59) and a rating consensus of 'Buy', based on 27 wall street analysts offering a 1-year stock forecast.
DRI Price Target
The average price target for Darden Restaurants (DRI) is $178.34 based on 1-year price targets from 27 Wall Street analysts in the past 3 months, with a price target range of $275.00 to $128.00. This represents a potential 9.69% upside from DRI's last price of $162.59.
DRI Analyst Ratings
According to 27 Wall Street analysts, Darden Restaurants's rating consensus is 'Buy'. The analyst rating breakdown for DRI stock is 0 'Strong Buy' (0.00%), 22 'Buy' (81.48%), 5 'Hold' (18.52%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Darden Restaurants Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Sep 23, 2024 | Aaron Raker | Wells Fargo | $175.00 | $172.28 | 1.58% | 7.63% |
| Sep 23, 2024 | Mark Hughes | Truist Financial | $275.00 | $172.28 | 59.62% | 69.14% |
| Sep 20, 2024 | Jake Bartlett | Truist Financial | $195.00 | $170.17 | 14.59% | 19.93% |
| Sep 20, 2024 | Eric Gonzalez | Loop Capital Markets | $194.00 | $170.17 | 14.00% | 19.32% |
| Sep 20, 2024 | Sara Senatore | Bank of America Securities | $195.00 | $170.74 | 14.21% | 19.93% |
| Sep 20, 2024 | Andrew Strelzik | BMO Capital | $175.00 | $171.39 | 2.11% | 7.63% |
| Sep 20, 2024 | Brian Vaccaro | Raymond James | $187.00 | $171.37 | 9.12% | 15.01% |
| Sep 20, 2024 | Nick Setyan | Wedbush | $200.00 | $170.87 | 17.05% | 23.01% |
| Sep 20, 2024 | Andy Barish | Jefferies | $136.00 | $171.40 | -20.65% | -16.35% |
| Sep 20, 2024 | Brian Mullan | Piper Sandler | $177.00 | $172.27 | 2.75% | 8.86% |
The latest Darden Restaurants stock forecast, released on Sep 23, 2024 by Aaron Raker from Wells Fargo, set a price target of $175.00, which represents a 1.58% increase from the stock price at the time of the forecast ($172.28), and a 7.63% increase from DRI last price ($162.59).
Darden Restaurants Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 22 | 42 |
| Avg Price Target | - | $187.36 | $177.60 |
| Last Closing Price | $162.59 | $162.59 | $162.59 |
| Upside/Downside | -100.00% | 15.23% | 9.23% |
In the current month, the average price target of Darden Restaurants stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Darden Restaurants's last price of $162.59. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 14, 2024 | Wedbush | Underperform | Underperform | Hold |
| Oct 14, 2024 | Wells Fargo | Market Perform | Market Perform | Hold |
| Sep 23, 2024 | Wells Fargo | Overweight | Overweight | Hold |
| Sep 23, 2024 | Benchmark | Buy | Buy | Hold |
| Sep 20, 2024 | BMO Capital | Perform | Perform | Hold |
| Sep 20, 2024 | BMO Capital | Market Perform | Market Perform | Hold |
| Sep 20, 2024 | Raymond James | Outperform | Outperform | Hold |
| Sep 20, 2024 | Wedbush | Outperform | Outperform | Hold |
| Sep 20, 2024 | Morgan Stanley | Overweight | Overweight | Hold |
| Sep 20, 2024 | Jefferies | Underperform | Underperform | Hold |
Darden Restaurants's last stock rating was published by Wedbush on Oct 14, 2024. The company gave DRI a "Underperform" rating, the same as its previous rate.
Darden Restaurants Financial Forecast
Darden Restaurants Revenue Forecast
| May 27 | Feb 27 | Nov 26 | Aug 26 | May 26 | Feb 26 | Nov 25 | Aug 25 | May 25 | Feb 25 | Nov 24 | Aug 24 | May 24 | Feb 24 | Nov 23 | Aug 23 | May 23 | Feb 23 | Nov 22 | Aug 22 | May 22 | Feb 22 | Nov 21 | Aug 21 | May 21 | Feb 21 | Nov 20 | Aug 20 | May 20 | Feb 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | $2.97B | $2.73B | - | $2.77B | $2.79B | $2.49B | $2.45B | $2.60B | $2.45B | $2.27B | $2.31B | $2.28B | $1.73B | $1.66B | $1.53B | $1.27B | $2.35B |
| Avg Forecast | $3.43B | $3.41B | $3.14B | $3.06B | $3.38B | $3.24B | $2.98B | $2.93B | $3.12B | $3.12B | $2.85B | $2.80B | $2.97B | $3.02B | $2.74B | $2.71B | $2.77B | $2.73B | $2.43B | $2.47B | $2.54B | $2.51B | $2.23B | $2.24B | $2.20B | $1.63B | $1.69B | $1.56B | $1.26B | $2.32B |
| High Forecast | $3.57B | $3.55B | $3.27B | $3.19B | $3.51B | $3.37B | $3.10B | $3.05B | $3.24B | $3.21B | $2.99B | $2.81B | $2.97B | $3.02B | $2.76B | $2.82B | $2.88B | $2.84B | $2.53B | $2.56B | $2.63B | $2.60B | $2.31B | $2.32B | $2.27B | $1.68B | $1.75B | $1.61B | $1.31B | $2.41B |
| Low Forecast | $3.38B | $3.36B | $3.09B | $3.02B | $3.32B | $3.19B | $2.94B | $2.88B | $3.07B | $3.08B | $2.81B | $2.79B | $2.97B | $3.02B | $2.71B | $2.67B | $2.73B | $2.69B | $2.39B | $2.45B | $2.51B | $2.49B | $2.21B | $2.22B | $2.17B | $1.61B | $1.67B | $1.54B | $1.25B | $2.30B |
| # Analysts | 13 | 8 | 14 | 8 | 9 | 15 | 9 | 15 | 7 | 17 | 17 | 12 | 12 | 8 | 16 | 8 | 12 | 8 | 7 | 7 | 11 | 7 | 8 | 8 | 12 | 8 | 12 | 9 | 9 | 12 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.98% | 1.00% | - | 1.00% | 1.02% | 1.02% | 0.99% | 1.02% | 0.97% | 1.02% | 1.03% | 1.04% | 1.07% | 0.98% | 0.98% | 1.01% | 1.01% |
Darden Restaurants's average Quarter revenue forecast for May 24 based on 12 analysts is $2.97B, with a low forecast of $2.97B, and a high forecast of $2.97B. DRI's average Quarter revenue forecast represents a -0.08% decrease compared to the company's last Quarter revenue of $2.97B (Feb 24).
Darden Restaurants EBITDA Forecast
| May 27 | Feb 27 | Nov 26 | Aug 26 | May 26 | Feb 26 | Nov 25 | Aug 25 | May 25 | Feb 25 | Nov 24 | Aug 24 | May 24 | Feb 24 | Nov 23 | Aug 23 | May 23 | Feb 23 | Nov 22 | Aug 22 | May 22 | Feb 22 | Nov 21 | Aug 21 | May 21 | Feb 21 | Nov 20 | Aug 20 | May 20 | Feb 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 13 | 8 | 14 | 8 | 9 | 15 | 9 | 15 | 7 | 17 | 17 | 12 | 12 | 8 | 16 | 8 | 12 | 8 | 7 | 7 | 11 | 7 | 8 | 8 | 12 | 8 | 12 | 9 | 9 | 12 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | $505.70M | $406.00M | - | $475.20M | $450.80M | $312.40M | $330.00M | $438.20M | $387.70M | $301.10M | $337.60M | $377.50M | $204.80M | $176.20M | $102.30M | $-536.10M | $338.60M |
| Avg Forecast | $437.68M | $435.61M | $400.76M | $391.19M | $430.87M | $413.65M | $380.55M | $373.96M | $397.75M | $397.62M | $364.29M | $357.08M | $379.38M | $473.96M | $349.56M | $345.71M | $353.41M | $430.87M | $337.36M | $374.56M | $385.14M | $391.70M | $338.08M | $339.62M | $333.12M | $140.29M | $255.65M | $236.45M | $191.13M | $335.00M |
| High Forecast | $455.32M | $453.17M | $416.91M | $406.95M | $448.24M | $430.32M | $395.88M | $389.03M | $413.78M | $409.09M | $382.12M | $358.10M | $379.38M | $568.75M | $352.11M | $359.64M | $367.65M | $517.04M | $404.83M | $387.81M | $398.77M | $470.04M | $350.04M | $351.64M | $344.91M | $168.35M | $264.70M | $244.81M | $197.89M | $402.00M |
| Low Forecast | $430.89M | $428.86M | $394.55M | $385.12M | $424.19M | $407.23M | $374.64M | $368.16M | $391.58M | $392.52M | $359.20M | $356.06M | $379.38M | $379.16M | $345.73M | $340.35M | $347.93M | $344.70M | $269.89M | $370.73M | $381.21M | $313.36M | $334.62M | $336.15M | $329.72M | $112.23M | $253.04M | $234.03M | $189.17M | $268.00M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.07% | 1.16% | - | 1.34% | 1.05% | 0.93% | 0.88% | 1.14% | 0.99% | 0.89% | 0.99% | 1.13% | 1.46% | 0.69% | 0.43% | -2.80% | 1.01% |
12 analysts predict DRI's average Quarter EBITDA for May 24 to be $379.38M, with a high of $379.38M and a low of $379.38M. This is -24.98% lower than Darden Restaurants's previous annual EBITDA (Feb 24) of $505.70M.
Darden Restaurants Net Income Forecast
| May 27 | Feb 27 | Nov 26 | Aug 26 | May 26 | Feb 26 | Nov 25 | Aug 25 | May 25 | Feb 25 | Nov 24 | Aug 24 | May 24 | Feb 24 | Nov 23 | Aug 23 | May 23 | Feb 23 | Nov 22 | Aug 22 | May 22 | Feb 22 | Nov 21 | Aug 21 | May 21 | Feb 21 | Nov 20 | Aug 20 | May 20 | Feb 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 13 | 8 | 14 | 8 | 9 | 15 | 9 | 15 | 7 | 17 | 17 | 12 | 12 | 8 | 16 | 8 | 12 | 8 | 7 | 7 | 11 | 7 | 8 | 8 | 12 | 8 | 12 | 9 | 9 | 12 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | $312.90M | $212.10M | - | $315.10M | $286.60M | $187.20M | $193.00M | $281.70M | $247.90M | $193.40M | $230.90M | $368.50M | $128.70M | $96.00M | $36.10M | $-480.00M | $232.30M |
| Avg Forecast | $407.84M | $389.95M | $291.29M | $257.45M | $391.88M | $360.78M | $267.77M | $234.55M | $342.66M | $333.10M | $242.54M | $218.09M | $311.21M | $325.91M | $207.73M | $207.62M | $302.61M | $296.28M | $205.09M | $186.10M | $263.38M | $269.35M | $170.37M | $196.03M | $214.12M | $82.07M | $84.92M | $6.21M | $-194.32M | $229.83M |
| High Forecast | $429.21M | $410.38M | $306.55M | $270.93M | $412.40M | $379.68M | $281.79M | $246.84M | $360.61M | $341.42M | $260.20M | $218.71M | $311.22M | $391.09M | $218.67M | $218.50M | $318.46M | $355.54M | $246.11M | $194.66M | $275.49M | $323.22M | $178.20M | $205.05M | $223.96M | $98.48M | $88.82M | $6.49M | $-191.74M | $275.79M |
| Low Forecast | $399.62M | $382.09M | $285.41M | $252.26M | $383.97M | $353.50M | $262.37M | $229.82M | $335.75M | $325.96M | $234.30M | $217.46M | $311.20M | $260.73M | $189.51M | $203.43M | $296.51M | $237.03M | $164.07M | $183.63M | $259.88M | $215.48M | $168.10M | $193.43M | $211.27M | $65.66M | $83.79M | $6.13M | $-203.26M | $183.86M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.96% | 1.02% | - | 1.04% | 0.97% | 0.91% | 1.04% | 1.07% | 0.92% | 1.14% | 1.18% | 1.72% | 1.57% | 1.13% | 5.81% | 2.47% | 1.01% |
Darden Restaurants's average Quarter net income forecast for May 24 is $311.21M, with a range of $311.20M to $311.22M. DRI's average Quarter net income forecast represents a -0.54% decrease compared to the company's last Quarter net income of $312.90M (Feb 24).
Darden Restaurants SG&A Forecast
| May 27 | Feb 27 | Nov 26 | Aug 26 | May 26 | Feb 26 | Nov 25 | Aug 25 | May 25 | Feb 25 | Nov 24 | Aug 24 | May 24 | Feb 24 | Nov 23 | Aug 23 | May 23 | Feb 23 | Nov 22 | Aug 22 | May 22 | Feb 22 | Nov 21 | Aug 21 | May 21 | Feb 21 | Nov 20 | Aug 20 | May 20 | Feb 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 13 | 8 | 14 | 8 | 9 | 15 | 9 | 15 | 7 | 17 | 17 | 12 | 12 | 8 | 16 | 8 | 12 | 8 | 7 | 7 | 11 | 7 | 8 | 8 | 12 | 8 | 12 | 9 | 9 | 12 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | $139.90M | $151.70M | - | $129.10M | $135.20M | $121.50M | $118.60M | $103.70M | $110.30M | $113.30M | $136.70M | $121.70M | $98.10M | $108.70M | $157.10M | $118.20M | $171.90M |
| Avg Forecast | $204.18M | $203.21M | $186.96M | $182.49M | $201.00M | $192.97M | $177.52M | $174.45M | $185.55M | $185.49M | $169.94M | $166.58M | $176.98M | $145.54M | $163.07M | $161.27M | $164.87M | $132.31M | $120.27M | $147.01M | $151.16M | $120.28M | $132.69M | $133.29M | $130.74M | $62.56M | $100.34M | $92.80M | $75.01M | $172.45M |
| High Forecast | $212.41M | $211.40M | $194.49M | $189.84M | $209.10M | $200.74M | $184.68M | $181.48M | $193.03M | $190.84M | $178.26M | $167.05M | $176.98M | $174.65M | $164.26M | $167.77M | $171.51M | $158.77M | $144.33M | $152.21M | $156.51M | $144.34M | $137.38M | $138.01M | $135.37M | $75.07M | $103.89M | $96.08M | $77.67M | $206.93M |
| Low Forecast | $201.01M | $200.06M | $184.06M | $179.66M | $197.88M | $189.97M | $174.77M | $171.75M | $182.67M | $183.11M | $167.57M | $166.10M | $176.98M | $116.43M | $161.28M | $158.77M | $162.31M | $105.85M | $96.22M | $145.50M | $149.62M | $96.22M | $131.33M | $131.93M | $129.41M | $50.05M | $99.31M | $91.85M | $74.25M | $137.96M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.96% | 0.93% | - | 0.78% | 1.02% | 1.01% | 0.81% | 0.69% | 0.92% | 0.85% | 1.03% | 0.93% | 1.57% | 1.08% | 1.69% | 1.58% | 1.00% |
Darden Restaurants's average Quarter SG&A projection for May 24 is $176.98M, based on 12 Wall Street analysts, with a range of $176.98M to $176.98M. The forecast indicates a 26.50% rise compared to DRI last annual SG&A of $139.90M (Feb 24).
Darden Restaurants EPS Forecast
| May 27 | Feb 27 | Nov 26 | Aug 26 | May 26 | Feb 26 | Nov 25 | Aug 25 | May 25 | Feb 25 | Nov 24 | Aug 24 | May 24 | Feb 24 | Nov 23 | Aug 23 | May 23 | Feb 23 | Nov 22 | Aug 22 | May 22 | Feb 22 | Nov 21 | Aug 21 | May 21 | Feb 21 | Nov 20 | Aug 20 | May 20 | Feb 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 13 | 8 | 14 | 8 | 9 | 15 | 9 | 15 | 7 | 17 | 17 | 12 | 12 | 8 | 16 | 8 | 12 | 8 | 7 | 7 | 11 | 7 | 8 | 8 | 12 | 8 | 12 | 9 | 9 | 12 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | $2.62 | $1.77 | - | $2.61 | $2.36 | $1.53 | $1.57 | $2.26 | $1.95 | $1.50 | $1.77 | $2.82 | $0.99 | $0.74 | $0.28 | $-3.86 | $1.92 |
| Avg Forecast | $3.42 | $3.27 | $2.44 | $2.16 | $3.29 | $3.03 | $2.25 | $1.97 | $2.87 | $2.79 | $2.03 | $1.83 | $2.61 | $2.62 | $1.74 | $1.74 | $2.54 | $2.25 | $1.44 | $1.56 | $2.21 | $2.10 | $1.43 | $1.64 | $1.80 | $0.70 | $0.71 | $0.05 | $-1.63 | $1.88 |
| High Forecast | $3.60 | $3.44 | $2.57 | $2.27 | $3.46 | $3.19 | $2.36 | $2.07 | $3.03 | $2.86 | $2.18 | $1.83 | $2.61 | $2.62 | $1.83 | $1.83 | $2.67 | $2.37 | $1.51 | $1.63 | $2.31 | $2.19 | $1.49 | $1.72 | $1.88 | $0.73 | $0.75 | $0.05 | $-1.61 | $1.97 |
| Low Forecast | $3.35 | $3.21 | $2.39 | $2.12 | $3.22 | $2.97 | $2.20 | $1.93 | $2.82 | $2.73 | $1.97 | $1.82 | $2.61 | $2.62 | $1.59 | $1.71 | $2.49 | $2.20 | $1.41 | $1.54 | $2.18 | $2.07 | $1.41 | $1.62 | $1.77 | $0.69 | $0.70 | $0.05 | $-1.71 | $1.86 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.00% | 1.02% | - | 1.03% | 1.05% | 1.06% | 1.01% | 1.02% | 0.93% | 1.05% | 1.08% | 1.57% | 1.42% | 1.04% | 5.38% | 2.37% | 1.02% |
According to 12 Wall Street analysts, Darden Restaurants's projected average Quarter EPS for May 24 is $2.61, with a low estimate of $2.61 and a high estimate of $2.61. This represents a -0.35% decrease compared to DRI previous annual EPS of $2.62 (Feb 24).
Darden Restaurants Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| BLMN | Bloomin' Brands | $12.59 | $23.57 | 87.21% | Hold |
| DIN | Dine Brands Global | $32.52 | $55.50 | 70.66% | Buy |
| PZZA | Papa John's | $47.31 | $75.00 | 58.53% | Buy |
| JACK | Jack in the Box | $45.60 | $71.75 | 57.35% | Buy |
| DENN | Denny's | $6.27 | $9.00 | 43.54% | Buy |
| YUMC | Yum China | $47.38 | $64.49 | 36.11% | Buy |
| WEN | Wendy's Company | $17.92 | $22.88 | 27.68% | Buy |
| BJRI | BJ's Restaurants | $34.13 | $39.60 | 16.03% | Buy |
| QSR | Restaurant Brands | $69.41 | $78.21 | 12.68% | Buy |
| DPZ | Domino's Pizza | $438.97 | $484.20 | 10.30% | Buy |
| DRI | Darden Restaurants | $162.59 | $178.34 | 9.69% | Buy |
| YUM | Yum! Brands | $132.88 | $144.68 | 8.88% | Buy |
| CHUY | Chuy's | $37.48 | $39.25 | 4.72% | Hold |
| WING | Wingstop | $333.21 | $348.24 | 4.51% | Buy |
| CMG | Chipotle Mexican Grill | $58.88 | $56.59 | -3.89% | Buy |
| CAKE | Cheesecake Factory | $46.63 | $44.14 | -5.34% | Buy |
| EAT | Brinker | $124.74 | $69.10 | -44.60% | Hold |