Darden Restaurants (DRI) Stock Forecast, Price Target & Predictions


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DRI Stock Forecast


Darden Restaurants stock forecast is as follows: an average price target of $159.00 (represents a -0.78% downside from DRI’s last price of $160.25) 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 $159.00 based on 1-year price targets from 27 Wall Street analysts in the past 3 months, with a price target range of $190.00 to $95.00. This represents a potential -0.78% downside from DRI's last price of $160.25.

DRI Analyst Ratings


Buy

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%), 24 'Buy' (88.89%), 2 'Hold' (7.41%), 1 'Sell' (3.70%), and 0 'Strong Sell' (0.00%).

Darden Restaurants Price Target by Analyst


DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Jul 22, 2024Brian MullanPiper Sandler$159.00$142.8611.30%-0.78%
Jul 11, 2024Andy BarishJefferies$124.00$138.06-10.18%-22.62%
Jun 25, 2024John StaszakArgus Research$175.00$153.0914.31%9.20%
Jun 21, 2024Eric GonzalezLoop Capital Markets$170.00$152.1111.76%6.08%
Jun 21, 2024Jim SaleraStephens$165.00$152.957.88%2.96%
Jun 21, 2024Chris O'CullStifel Nicolaus$180.00$154.2916.66%12.32%
Jun 21, 2024Dennis GeigerUBS$188.00$152.7623.07%17.32%
Jun 18, 2024Brian VaccaroRaymond James$167.00$152.529.49%4.21%
Jun 18, 2024Nick SetyanWedbush$170.00$152.5211.46%6.08%
Jun 13, 2024David PalmerEvercore ISI$165.00$147.1912.10%2.96%
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The latest Darden Restaurants stock forecast, released on Jul 22, 2024 by Brian Mullan from Piper Sandler, set a price target of $159.00, which represents a 11.30% increase from the stock price at the time of the forecast ($142.86), and a -0.78% decrease from DRI last price ($160.25).

Darden Restaurants Price Target by Period


1M3M12M
# Anlaysts-924
Avg Price Target-$166.44$164.88
Last Closing Price$160.25$160.25$160.25
Upside/Downside-100.00%3.86%2.89%

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 $160.25. 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


DateCompanyPrevious RatingNew RatingRating Change
Sep 13, 2024Evercore ISIReduceReduceHold
Sep 10, 2024WedbushBuyBuyHold
Sep 10, 2024StephensUnderperformUnderperformHold
Aug 20, 2024WedbushBuyBuyHold
Aug 20, 2024StephensUnderperformUnderperformHold
Aug 20, 2024Raymond JamesOutperformOutperformHold
Jul 23, 2024Cowen & Co.BuyHoldDowngrade
Jul 22, 2024Piper SandlerNeutralNeutralHold
Jul 11, 2024WedbushBuyBuyHold
Jul 11, 2024JefferiesOverweightUnderperformDowngrade
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Darden Restaurants's last stock rating was published by Evercore ISI on Sep 13, 2024. The company gave DRI a "Reduce" rating, the same as its previous rate.

Darden Restaurants Financial Forecast


Darden Restaurants Revenue Forecast

May 27Feb 27Nov 26Aug 26May 26Feb 26Nov 25Aug 25May 25Feb 25Nov 24Aug 24May 24Feb 24Nov 23Aug 23May 23Feb 23Nov 22Aug 22May 22Feb 22Nov 21Aug 21May 21Feb 21Nov 20Aug 20May 20Feb 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$3.42B$3.39B$3.13B$3.10B$3.37B$3.21B$2.96B$2.94B$3.09B$3.09B$2.84B$2.80B$2.97B$3.02B$2.74B$2.71B$2.77B$2.73B$2.43B$2.33B$2.54B$2.51B$2.23B$2.24B$2.20B$1.63B$1.69B$1.56B$1.26B$2.32B
High Forecast$3.42B$3.39B$3.13B$3.10B$3.37B$3.21B$2.96B$2.94B$3.09B$3.09B$2.84B$2.84B$2.97B$3.02B$2.76B$2.71B$2.77B$2.73B$2.43B$2.80B$3.05B$2.55B$2.26B$2.27B$2.23B$1.65B$1.71B$1.58B$1.28B$2.36B
Low Forecast$3.42B$3.39B$3.13B$3.10B$3.37B$3.21B$2.96B$2.94B$3.09B$3.09B$2.84B$2.77B$2.97B$3.02B$2.71B$2.71B$2.77B$2.73B$2.43B$1.87B$2.03B$2.48B$2.20B$2.21B$2.17B$1.60B$1.67B$1.54B$1.24B$2.29B
# Analysts14815810161077118178816913815177789633333
Surprise %-------------0.98%1.00%-1.00%1.02%1.02%1.05%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 8 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 27Feb 27Nov 26Aug 26May 26Feb 26Nov 25Aug 25May 25Feb 25Nov 24Aug 24May 24Feb 24Nov 23Aug 23May 23Feb 23Nov 22Aug 22May 22Feb 22Nov 21Aug 21May 21Feb 21Nov 20Aug 20May 20Feb 20
# Analysts14815810161077118178816913815177789633333
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$518.19M$513.66M$475.18M$470.58M$511.20M$486.21M$448.17M$446.39M$469.18M$468.70M$430.23M$425.02M$450.69M$473.96M$415.26M$410.69M$419.84M$430.87M$368.51M$357.53M$388.06M$391.70M$306.69M$325.03M$349.07M$140.29M$179.90M$984.49M$-642.10M$335.00M
High Forecast$518.19M$513.66M$475.18M$470.58M$511.20M$486.21M$448.17M$446.39M$469.18M$468.70M$430.23M$431.09M$450.69M$568.75M$418.29M$410.69M$419.84M$517.04M$368.51M$429.04M$465.67M$470.04M$368.03M$390.04M$418.88M$168.35M$215.88M$1.18B$-513.68M$402.00M
Low Forecast$518.19M$513.66M$475.18M$470.58M$511.20M$486.21M$448.17M$446.39M$469.18M$468.70M$430.23M$420.46M$450.69M$379.16M$410.71M$410.69M$419.84M$344.70M$368.51M$286.03M$310.45M$313.36M$245.35M$260.02M$279.26M$112.23M$143.92M$787.59M$-770.52M$268.00M
Surprise %-------------1.07%0.98%-1.13%1.05%0.85%0.92%1.13%0.99%0.98%1.04%1.08%1.46%0.98%0.10%0.83%1.01%

8 analysts predict DRI's average Quarter EBITDA for May 24 to be $450.69M, with a high of $450.69M and a low of $450.69M. This is -10.88% lower than Darden Restaurants's previous annual EBITDA (Feb 24) of $505.70M.

Darden Restaurants Net Income Forecast

May 27Feb 27Nov 26Aug 26May 26Feb 26Nov 25Aug 25May 25Feb 25Nov 24Aug 24May 24Feb 24Nov 23Aug 23May 23Feb 23Nov 22Aug 22May 22Feb 22Nov 21Aug 21May 21Feb 21Nov 20Aug 20May 20Feb 20
# Analysts14815810161077118178816913815177789633333
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$405.72M$381.88M$293.35M$267.25M$385.67M$351.15M$262.47M$243.21M$341.77M$330.16M$242.14M$220.57M$313.56M$325.91M$209.30M$209.19M$304.89M$296.28M$172.56M$233.73M$277.88M$269.35M$186.44M$212.48M$325.98M$82.07M$90.51M$298.91M$-597.07M$229.83M
High Forecast$405.72M$381.88M$293.35M$267.25M$385.67M$351.15M$262.47M$243.21M$341.77M$330.16M$242.14M$231.42M$313.56M$391.09M$220.32M$209.19M$304.89M$355.54M$172.56M$280.48M$333.45M$323.22M$223.73M$254.98M$391.18M$98.48M$108.62M$358.69M$-477.66M$275.79M
Low Forecast$405.72M$381.88M$293.35M$267.25M$385.67M$351.15M$262.47M$243.21M$341.77M$330.16M$242.14M$206.11M$313.56M$260.73M$190.94M$209.19M$304.89M$237.03M$172.56M$186.99M$222.30M$215.48M$149.16M$169.99M$260.78M$65.66M$72.41M$239.13M$-716.49M$183.86M
Surprise %-------------0.96%1.01%-1.03%0.97%1.08%0.83%1.01%0.92%1.04%1.09%1.13%1.57%1.06%0.12%0.80%1.01%

Darden Restaurants's average Quarter net income forecast for May 24 is $313.56M, with a range of $313.56M to $313.56M. DRI's average Quarter net income forecast represents a 0.21% increase compared to the company's last Quarter net income of $312.90M (Feb 24).

Darden Restaurants SG&A Forecast

May 27Feb 27Nov 26Aug 26May 26Feb 26Nov 25Aug 25May 25Feb 25Nov 24Aug 24May 24Feb 24Nov 23Aug 23May 23Feb 23Nov 22Aug 22May 22Feb 22Nov 21Aug 21May 21Feb 21Nov 20Aug 20May 20Feb 20
# Analysts14815810161077118178816913815177789633333
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$203.38M$201.60M$186.50M$184.69M$200.63M$190.83M$175.90M$175.20M$184.14M$183.96M$168.86M$166.81M$176.89M$145.54M$162.98M$161.19M$164.78M$132.31M$144.63M$138.38M$102.98M$120.28M$109.34M$125.80M$107.66M$62.56M$102.49M$1.30B$147.03M$172.45M
High Forecast$203.38M$201.60M$186.50M$184.69M$200.63M$190.83M$175.90M$175.20M$184.14M$183.96M$168.86M$169.19M$176.89M$174.65M$164.17M$161.19M$164.78M$158.77M$144.63M$166.05M$123.58M$144.34M$131.21M$150.96M$129.19M$75.07M$122.99M$1.56B$176.44M$206.93M
Low Forecast$203.38M$201.60M$186.50M$184.69M$200.63M$190.83M$175.90M$175.20M$184.14M$183.96M$168.86M$165.02M$176.89M$116.43M$161.20M$161.19M$164.78M$105.85M$144.63M$110.70M$82.39M$96.22M$87.47M$100.64M$86.13M$50.05M$81.99M$1.04B$117.62M$137.96M
Surprise %-------------0.96%0.93%-0.78%1.02%0.84%0.86%1.01%0.92%1.04%1.09%1.13%1.57%1.06%0.12%0.80%1.00%

Darden Restaurants's average Quarter SG&A projection for May 24 is $176.89M, based on 8 Wall Street analysts, with a range of $176.89M to $176.89M. The forecast indicates a 26.44% rise compared to DRI last annual SG&A of $139.90M (Feb 24).

Darden Restaurants EPS Forecast

May 27Feb 27Nov 26Aug 26May 26Feb 26Nov 25Aug 25May 25Feb 25Nov 24Aug 24May 24Feb 24Nov 23Aug 23May 23Feb 23Nov 22Aug 22May 22Feb 22Nov 21Aug 21May 21Feb 21Nov 20Aug 20May 20Feb 20
# Analysts14815810161077118178816913815177789633333
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$3.38$3.18$2.44$2.23$3.21$2.92$2.19$2.03$2.85$2.75$2.02$1.84$2.61$2.62$1.74$1.74$2.54$2.25$1.44$1.27$1.15$2.10$1.43$1.64$1.80$0.70$0.71$0.05$-1.63$1.88
High Forecast$3.38$3.18$2.44$2.23$3.21$2.92$2.19$2.03$2.85$2.75$2.02$1.93$2.61$2.62$1.83$1.74$2.54$2.25$1.44$1.27$1.17$2.14$1.46$1.67$1.83$0.71$0.73$0.05$-1.60$1.91
Low Forecast$3.38$3.18$2.44$2.23$3.21$2.92$2.19$2.03$2.85$2.75$2.02$1.72$2.61$2.62$1.59$1.74$2.54$2.25$1.44$1.27$1.13$2.06$1.41$1.62$1.77$0.69$0.70$0.05$-1.66$1.85
Surprise %-------------1.00%1.02%-1.03%1.05%1.06%1.23%1.96%0.93%1.05%1.08%1.57%1.42%1.04%5.38%2.37%1.02%

According to 8 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


TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
DINDine Brands Global$30.44$62.63105.75%Buy
YUMCYum China$34.90$68.7296.91%Buy
DENNDenny's$6.37$11.7584.46%Hold
JACKJack in the Box$44.41$77.5074.51%Buy
PZZAPapa John's$49.60$82.8967.12%Buy
BLMNBloomin' Brands$16.74$25.5052.33%Hold
WENWendy's Company$17.57$23.1131.53%Buy
BJRIBJ's Restaurants$30.99$39.6027.78%Buy
DPZDomino's Pizza$402.52$492.7522.42%Buy
QSRRestaurant Brands$69.18$78.3213.21%Buy
CAKECheesecake Factory$37.37$40.779.10%Buy
YUMYum! Brands$133.65$144.588.18%Buy
CHUYChuy's$37.32$39.255.17%Hold
DRIDarden Restaurants$160.25$159.00-0.78%Buy
CMGChipotle Mexican Grill$56.12$55.52-1.07%Buy
EATBrinker$70.39$55.30-21.44%Hold
WINGWingstop$394.81$297.53-24.64%Hold

DRI Forecast FAQ


Yes, according to 27 Wall Street analysts, Darden Restaurants (DRI) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 24 'Buy' recommendations, accounting for 88.89% of DRI's total ratings.

Darden Restaurants (DRI) average price target is $159 with a range of $95 to $190, implying a -0.78% from its last price of $160.25. The data is based on 27 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

According to Wall Street analysts' prediction for DRI stock, the company can go down by -0.78% (from the last price of $160.25 to the average price target of $159), up by 18.56% based on the highest stock price target, and down by -40.72% based on the lowest stock price target.

DRI's average twelve months analyst stock price target of $159 does not support the claim that Darden Restaurants can reach $200 in the near future.

Darden Restaurants's analysts financial forecasts for the fiscal year (May 2026) are as follows: average revenue is $12.48B (high $12.48B, low $12.48B), average EBITDA is $1.89B (high $1.89B, low $1.89B), average net income is $1.24B (high $1.24B, low $1.24B), average SG&A $742.56M (high $742.56M, low $742.56M), and average EPS is $10.35 (high $10.35, low $10.35). DRI's analysts financial forecasts for the fiscal year (May 2027) are as follows: average revenue is $13.04B (high $13.04B, low $13.04B), average EBITDA is $1.98B (high $1.98B, low $1.98B), average net income is $1.35B (high $1.35B, low $1.35B), average SG&A $776.18M (high $776.18M, low $776.18M), and average EPS is $11.23 (high $11.23, low $11.23).

Based on Darden Restaurants's last annual report (May 2023), the company's revenue was $10.49B, beating the average analysts forecast of $10.26B by 2.18%. Apple's EBITDA was $1.57B, missing the average prediction of $1.58B by -0.53%. The company's net income was $981.9M, missing the average estimation of $1.01B by -2.54%. Apple's SG&A was $504.4M, missing the average forecast of $580.1M by -13.05%. Lastly, the company's EPS was $8.06, beating the average prediction of $7.5 by 7.53%. In terms of the last quarterly report (Feb 2024), Darden Restaurants's revenue was $2.97B, missing the average analysts' forecast of $3.02B by -1.65%. The company's EBITDA was $505.7M, beating the average prediction of $473.96M by 6.70%. Darden Restaurants's net income was $312.9M, missing the average estimation of $325.91M by -3.99%. The company's SG&A was $139.9M, missing the average forecast of $145.54M by -3.87%. Lastly, the company's EPS was $2.62, missing the average prediction of $2.62 by -0.12%