Darden Restaurants, Inc., through its subsidiaries, owns and operates full-service restaurants in the United States and Canada. As of May 30, 2021, it owned and operated 1,834 restaurants, which included 875 under the Olive Garden, 533 under the LongHorn Steakhouse, 170 under the Cheddar's Scratch Kitchen, 81 under the Yard House, 63 under The Capital Grille, 44 under the Seasons 52, 42 under the Bahama Breeze, and 26 under the Eddie V's Prime Seafood brands. The company was founded in 1968 and is based in Orlando, Florida.
IPO Year:
Exchange: NYSE
Website: darden.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/22/2025 | $180.00 → $215.00 | Mkt Perform → Outperform | Bernstein |
| 12/5/2024 | $183.00 | Neutral | Goldman |
| 9/20/2024 | $165.00 → $205.00 | In-line → Outperform | Evercore ISI |
| 9/20/2024 | $190.00 → $180.00 | Outperform → Mkt Perform | Bernstein |
| 7/23/2024 | $170.00 → $150.00 | Buy → Hold | TD Cowen |
| 7/11/2024 | $154.00 → $124.00 | Hold → Underperform | Jefferies |
| 5/17/2024 | $175.00 | Neutral → Buy | BTIG Research |
| 4/12/2024 | $170.00 | Equal-Weight | Stephens |
| 10/19/2023 | $159.00 | Buy | Deutsche Bank |
| 7/18/2023 | $167.00 | Neutral | Piper Sandler |
10-Q - DARDEN RESTAURANTS INC (0000940944) (Filer)
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8-K - DARDEN RESTAURANTS INC (0000940944) (Filer)
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10-Q - DARDEN RESTAURANTS INC (0000940944) (Filer)
144 - DARDEN RESTAURANTS INC (0000940944) (Subject)
8-K - DARDEN RESTAURANTS INC (0000940944) (Filer)
8-K - DARDEN RESTAURANTS INC (0000940944) (Filer)
11-K - DARDEN RESTAURANTS INC (0000940944) (Filer)
ARB's Portfolio of Regional Restaurant Brands Reaches $1 Billion in Annual Revenue Alex Macedo named Chief Executive Officer; Jon Howie named Chief Financial Officer Authentic Restaurant Brands ("ARB"), a platform of leading regional restaurant brands and portfolio company of Garnett Station Partners, LLC ("Garnett Station" or "GSP"), today announced that Tavern in the Square ("Tavern"), the iconic New England polished-casual dining brand, has joined ARB through the recapitalization of its parent company, Broadway Hospitality Group ("BHG"). The transaction, ARB's fifth in five years, grows the ARB platform to approximately $1 billion in annual revenue and over $150 million in EBITDA.
NEW YORK, Oct. 7, 2024 /PRNewswire/ -- DocuSign Inc. (NASD:DOCU) will replace MDU Resources Group Inc. (NYSE:MDU) in the S&P MidCap 400, and MDU Resources Group will replace Chuy's Holdings Inc. (NASD:CHUY) in the S&P SmallCap 600 effective prior to the opening of trading on Friday, October 11. S&P 500 constituent Darden Restaurants Inc. (NYSE:DRI) is acquiring Chuy's Holdings in a deal expected to be completed soon, pending final closing conditions. MDU Resources announced its intention to spin-off a company later this month. Following is a summary of the changes that will take place prior to the open of trading on the effective date: Effective Date Index Name Action Company Name Ti
Chair Mary J. Guilfoile, Who Has Served With Distinction, to Step Down Following the 2024 Annual Meeting William S. Simon and Jill Sutton, Who Collectively Possess Experience in Capital Allocation, Corporate Governance and Transformations, Have Been Added to the Board Pitney Bowes Inc. (NYSE:PBI) ("Pitney Bowes" or the "Company"), a global shipping and mailing company that provides technology, logistics and financial services, today announced that Mary J. Guilfoile will step down as Chair and retire from the Board of Directors (the "Board") following the 2024 Annual Meeting of Stockholders (the "Annual Meeting"). The Board will elect a new Chair following Ms. Guilfoile's retirement. Add
ORLANDO, Fla., June 22, 2023 /PRNewswire/ -- Darden Restaurants, Inc. (NYSE:DRI) ("Darden" and "the Company") and Eugene I. Lee, Jr., Chairman of the Board of Directors of the Company, today announced that Mr. Lee has decided not to stand for reelection at the Company's 2023 Annual Meeting. Following the annual meeting, the Board will be comprised of nine members. "Serving as Darden's CEO and as a member and Chairman of the Board of Directors has been an honor," said Mr. Lee. "I am proud of what we have accomplished and believe that Darden is well-positioned to continue to grow and prosper for years to come." Darden Chief Executive Officer, Rick Cardenas, stated, "Gene is an extraordinary le
ORLANDO, Fla., Dec. 17, 2021 /PRNewswire/ -- Darden Restaurants, Inc. (NYSE:DRI) announced today that Eugene (Gene) I. Lee, Jr., Chairman and Chief Executive Officer, will retire as CEO effective May 29, 2022. Lee, 60, will continue to serve on Darden's Board of Directors as Executive Chairman until the 2022 Annual Meeting of Shareholders. At that time, Lee is expected to stand for re-election to the Board and continue to serve as Chairman in a non-executive capacity. The Board has unanimously elected Ricardo (Rick) Cardenas, 53, Darden's current President and Chief Operating Officer, as Chief Executive Officer, as well as a member of the Board effective May 30, 2022. "The Board and I are de
Orlando, Florida, Feb. 11, 2021 (GLOBE NEWSWIRE) -- IZEA Worldwide, Inc. (NASDAQ: IZEA), the premier provider of influencer marketing technology, data, and services for the world’s leading brands, announced the addition of Jill Golder to the company’s Board of Directors. Ms. Golder served as the Chief Financial Officer for Cracker Barrel Old Country Store (NYSE:CBRL) until her retirement on December 31, 2020. As Chief Financial Officer, Ms. Golder managed all areas of Corporate Finance, Accounting, Investor Relations, Internal Audit, Strategic Planning and Information Technology for the company. Ms. Golder currently serves as a Board Member for ABM Industries (NYSE: ABM), a Fortune 500 com
Bernstein upgraded Darden Restaurants from Mkt Perform to Outperform and set a new price target of $215.00 from $180.00 previously
Goldman initiated coverage of Darden Restaurants with a rating of Neutral and set a new price target of $183.00
Evercore ISI upgraded Darden Restaurants from In-line to Outperform and set a new price target of $205.00 from $165.00 previously
Bernstein downgraded Darden Restaurants from Outperform to Mkt Perform and set a new price target of $180.00 from $190.00 previously
TD Cowen downgraded Darden Restaurants from Buy to Hold and set a new price target of $150.00 from $170.00 previously
Jefferies downgraded Darden Restaurants from Hold to Underperform and set a new price target of $124.00 from $154.00 previously
BTIG Research upgraded Darden Restaurants from Neutral to Buy and set a new price target of $175.00
Stephens resumed coverage of Darden Restaurants with a rating of Equal-Weight and set a new price target of $170.00
Deutsche Bank initiated coverage of Darden Restaurants with a rating of Buy and set a new price target of $159.00
Piper Sandler initiated coverage of Darden Restaurants with a rating of Neutral and set a new price target of $167.00
Cheddar's is the next Darden brand to test first-party delivery following the successful rollout at Olive Garden ORLANDO, Fla. and SAN FRANCISCO, March 20, 2025 /PRNewswire/ -- Darden Restaurants, Inc., (NYSE:DRI) and Uber Technologies, Inc. (NYSE:UBER) announced today that Cheddar's Scratch Kitchen is the next Darden brand to pilot on-demand delivery. Cheddar's is currently conducting the pilot in 10 restaurants, enabling guests to order delivery directly through the Cheddar's website and app, while Uber Direct will handle deliveries through Uber's national delivery network. Following the completion of a successful pilot, Cheddar's plans to deploy it more broadly across their system. "We h
ORLANDO, Fla., March 20, 2025 /PRNewswire/ -- Darden Restaurants, Inc. (NYSE:DRI) today reported its financial results for the third quarter ended February 23, 2025. Third Quarter 2025 Financial Highlights, Comparisons Versus Same Fiscal Quarter Last Year Total sales increased 6.2% to $3.2 billion, driven by a blended same-restaurant sales* increase of 0.7% and sales from the acquisition of 103 Chuy's restaurants and 40 net new restaurantsSame-restaurant sales:Consolidated Darden* 0.7 % Olive Garden 0.6 % LongHorn Steakhouse 2.6 % Fine Dining (0.8) % Other Business* (0.4) % Reported diluted net earnings per share from continuing operations were $2.74Excluding $0.06 of Chuy's transaction and
ARB's Portfolio of Regional Restaurant Brands Reaches $1 Billion in Annual Revenue Alex Macedo named Chief Executive Officer; Jon Howie named Chief Financial Officer Authentic Restaurant Brands ("ARB"), a platform of leading regional restaurant brands and portfolio company of Garnett Station Partners, LLC ("Garnett Station" or "GSP"), today announced that Tavern in the Square ("Tavern"), the iconic New England polished-casual dining brand, has joined ARB through the recapitalization of its parent company, Broadway Hospitality Group ("BHG"). The transaction, ARB's fifth in five years, grows the ARB platform to approximately $1 billion in annual revenue and over $150 million in EBITDA.
ORLANDO, Fla., Feb. 20, 2025 /PRNewswire/ -- Darden Restaurants, Inc., (NYSE:DRI) plans to release its fiscal 2025 third quarter financial results before the market opens on Thursday, March 20, 2025, with a conference call to follow at 8:30 am ET. Rick Cardenas, CEO, and other senior management will discuss third quarter results and conduct a question and answer session. For those who cannot listen to the live broadcast, a replay will be available shortly after the call. What: Darden Restaurants, Inc. Fiscal 2025 Third Quarter Earnings Conference Call When: 8:30 am ET, Thursday, March 20, 2025 Where: https://event.choruscall.com/mediaframe/webcast.html?webcastid=guS5xmCU How: Live over the
ORLANDO, Fla., Dec. 19, 2024 /PRNewswire/ -- Darden Restaurants, Inc. (NYSE:DRI) today reported its financial results for the second quarter ended November 24, 2024. Second Quarter 2025 Financial Highlights, Comparisons Versus Same Fiscal Quarter Last Year Total sales increased 6.0% to $2.9 billion, driven by a blended same-restaurant sales* increase of 2.4% and sales from the addition of 103 Chuy's restaurants and 39 net new restaurantsSame-restaurant sales:Consolidated Darden* 2.4 % Olive Garden 2.0 % LongHorn Steakhouse 7.5 % Fine Dining** (5.8) % Other Business* 0.7 % Reported diluted net earnings per share from continuing operations were $1.82Excluding $0.21 of Chuy's transaction and i
ORLANDO, Fla., Dec. 9, 2024 /PRNewswire/ -- Darden Restaurants, Inc. (NYSE:DRI) today announced the Board of Directors has appointed Daryl Kenningham as its newest member, effective immediately. With his appointment, the Company increased the size of the Board from nine to 10 members. "My fellow Board members and I are delighted to welcome Daryl to the Board," said Cynthia Jamison, Chair of the Board of Directors. "His extensive experience with multi-unit operations, as well as his current role leading a large, dispersed organization will be tremendous assets to our Board." Commenting on his appointment, Kenningham said, "Darden, with its impressive portfolio of brands, is an accomplished,
ORLANDO, Fla., Nov. 19, 2024 /PRNewswire/ -- Darden Restaurants, Inc., (NYSE:DRI) plans to release its fiscal 2025 second quarter financial results before the market opens on Thursday, December 19, 2024, with a conference call to follow at 8:30 am ET. Rick Cardenas, CEO, and other senior management will discuss second quarter results and conduct a question and answer session. For those who cannot listen to the live broadcast, a replay will be available shortly after the call. What: Darden Restaurants, Inc. Fiscal 2025 Second Quarter Earnings Conference Call When: 8:30 am ET,
ORLANDO, Fla., Oct. 11, 2024 /PRNewswire/ -- Darden Restaurants, Inc. ("Darden") (NYSE:DRI) today announced that it has completed the acquisition of Chuy's Holdings, Inc. ("Chuy's Holdings") in an all-cash transaction with an enterprise value of approximately $605 million. The transaction was approved by a majority of Chuy's Holdings stockholders on October 10, 2024. This follows the merger agreement that was announced on July 17, 2024. Darden financed the acquisition with a portion of the proceeds of a $400 million offering of 4.350% senior notes due 2027 and a $350 million offering of 4.550% senior notes due 2029, which were issued on October 3, 2024. With the acquisition now complete, Ch
NEW YORK, Oct. 7, 2024 /PRNewswire/ -- DocuSign Inc. (NASD:DOCU) will replace MDU Resources Group Inc. (NYSE:MDU) in the S&P MidCap 400, and MDU Resources Group will replace Chuy's Holdings Inc. (NASD:CHUY) in the S&P SmallCap 600 effective prior to the opening of trading on Friday, October 11. S&P 500 constituent Darden Restaurants Inc. (NYSE:DRI) is acquiring Chuy's Holdings in a deal expected to be completed soon, pending final closing conditions. MDU Resources announced its intention to spin-off a company later this month. Following is a summary of the changes that will take place prior to the open of trading on the effective date: Effective Date Index Name Action Company Name Ti
Olive Garden guests will soon have another option to enjoy their favorite dishes at home, with orders made through Olive Garden channels and delivery powered by Uber Direct; Custom integration preserves team member and guest experience, while growing first-party delivery demand ORLANDO, Fla. and SAN FRANCISCO, Sept. 19, 2024 /PRNewswire/ -- Darden Restaurants, Inc., (NYSE:DRI) and Uber Technologies, Inc. (NYSE:UBER) have entered into an exclusive multi-year delivery partnership, set to begin with Olive Garden in late 2024. The agreement will enable restaurant guests to order on-demand delivery via Darden restaurant channels, with delivery handled by Uber Direct, through Uber's national deliv
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ORLANDO, Fla., March 20, 2025 /PRNewswire/ -- Darden Restaurants, Inc. (NYSE:DRI) today reported its financial results for the third quarter ended February 23, 2025. Third Quarter 2025 Financial Highlights, Comparisons Versus Same Fiscal Quarter Last Year Total sales increased 6.2% to $3.2 billion, driven by a blended same-restaurant sales* increase of 0.7% and sales from the acquisition of 103 Chuy's restaurants and 40 net new restaurantsSame-restaurant sales:Consolidated Darden* 0.7 % Olive Garden 0.6 % LongHorn Steakhouse 2.6 % Fine Dining (0.8) % Other Business* (0.4) % Reported diluted net earnings per share from continuing operations were $2.74Excluding $0.06 of Chuy's transaction and
ORLANDO, Fla., Feb. 20, 2025 /PRNewswire/ -- Darden Restaurants, Inc., (NYSE:DRI) plans to release its fiscal 2025 third quarter financial results before the market opens on Thursday, March 20, 2025, with a conference call to follow at 8:30 am ET. Rick Cardenas, CEO, and other senior management will discuss third quarter results and conduct a question and answer session. For those who cannot listen to the live broadcast, a replay will be available shortly after the call. What: Darden Restaurants, Inc. Fiscal 2025 Third Quarter Earnings Conference Call When: 8:30 am ET, Thursday, March 20, 2025 Where: https://event.choruscall.com/mediaframe/webcast.html?webcastid=guS5xmCU How: Live over the
ORLANDO, Fla., Dec. 19, 2024 /PRNewswire/ -- Darden Restaurants, Inc. (NYSE:DRI) today reported its financial results for the second quarter ended November 24, 2024. Second Quarter 2025 Financial Highlights, Comparisons Versus Same Fiscal Quarter Last Year Total sales increased 6.0% to $2.9 billion, driven by a blended same-restaurant sales* increase of 2.4% and sales from the addition of 103 Chuy's restaurants and 39 net new restaurantsSame-restaurant sales:Consolidated Darden* 2.4 % Olive Garden 2.0 % LongHorn Steakhouse 7.5 % Fine Dining** (5.8) % Other Business* 0.7 % Reported diluted net earnings per share from continuing operations were $1.82Excluding $0.21 of Chuy's transaction and i
ORLANDO, Fla., Nov. 19, 2024 /PRNewswire/ -- Darden Restaurants, Inc., (NYSE:DRI) plans to release its fiscal 2025 second quarter financial results before the market opens on Thursday, December 19, 2024, with a conference call to follow at 8:30 am ET. Rick Cardenas, CEO, and other senior management will discuss second quarter results and conduct a question and answer session. For those who cannot listen to the live broadcast, a replay will be available shortly after the call. What: Darden Restaurants, Inc. Fiscal 2025 Second Quarter Earnings Conference Call When: 8:30 am ET,
ORLANDO, Fla., Oct. 11, 2024 /PRNewswire/ -- Darden Restaurants, Inc. ("Darden") (NYSE:DRI) today announced that it has completed the acquisition of Chuy's Holdings, Inc. ("Chuy's Holdings") in an all-cash transaction with an enterprise value of approximately $605 million. The transaction was approved by a majority of Chuy's Holdings stockholders on October 10, 2024. This follows the merger agreement that was announced on July 17, 2024. Darden financed the acquisition with a portion of the proceeds of a $400 million offering of 4.350% senior notes due 2027 and a $350 million offering of 4.550% senior notes due 2029, which were issued on October 3, 2024. With the acquisition now complete, Ch
ORLANDO, Fla., Sept. 19, 2024 /PRNewswire/ -- Darden Restaurants, Inc. (NYSE:DRI) today reported its financial results for the first quarter ended August 25, 2024. First Quarter 2025 Financial Highlights, Comparisons Versus Same Fiscal Quarter Last Year Total sales increased 1.0% to $2.8 billion, driven by sales from 42 net new restaurants, partially offset by a blended same-restaurant sales* decrease of (1.1)%Same-restaurant sales:Consolidated Darden* (1.1) % Olive Garden (2.9) % LongHorn Steakhouse 3.7 % Fine Dining* (6.0) % Other Business (1.8) % Reported diluted net earnings per share from continuing operations were $1.74Excluding $0.01 of Chuy's transaction and integration related cost
ORLANDO, Fla., Aug. 22, 2024 /PRNewswire/ -- Darden Restaurants, Inc., (NYSE:DRI) plans to release its fiscal 2025 first quarter financial results before the market opens on Thursday, September 19, 2024, with a conference call to follow at 8:30 am ET. Rick Cardenas, CEO, and other senior management will discuss first quarter results and conduct a question and answer session. For those who cannot listen to the live broadcast, a replay will be available shortly after the call. What: Darden Restaurants, Inc. Fiscal 2025 First Quarter Earnings Conference Call When: 8:30 am ET, Thursday, September 19, 2024 Where: https://event.choruscall.com/mediaframe/webcast.html?webcastid=PaNJ6RaT How: Live o
ORLANDO, Fla. and AUSTIN, Texas, July 17, 2024 /PRNewswire/ -- Darden Restaurants, Inc. ("Darden") (NYSE:DRI) and Chuy's Holdings, Inc. ("Chuy's") (NASDAQ:CHUY), jointly announced today that they have entered into a definitive agreement pursuant to which Darden will acquire all of the outstanding shares of Chuy's for $37.50 per share, in an all-cash transaction with an enterprise value of approximately $605 million. Chuy's will complement Darden's portfolio of iconic brands, which currently includes Olive Garden, LongHorn Steakhouse, Yard House, Ruth's Chris Steak House, Cheddar's Scratch Kitchen, The Capital Grille, Seasons 52, Eddie V's and Bahama Breeze. Founded in Austin, Texas, in 1982
ORLANDO, Fla., June 20, 2024 /PRNewswire/ -- Darden Restaurants, Inc. (NYSE:DRI) today reported its financial results for the fourth quarter and fiscal year ended May 26, 2024. Fourth Quarter 2024 Financial Highlights Total sales increased 6.8% to $3.0 billion driven by sales from the addition of 80 company-owned Ruth's Chris Steak House (Ruth's Chris) restaurants and 37 other net new restaurantsSame-restaurant sales:Consolidated Darden* 0.0 % Olive Garden (1.5) % LongHorn Steakhouse 4.0 % Fine Dining* (2.6) % Other Business (1.1) % Reported diluted net earnings per share from continuing operations were $2.58Excluding $0.07 of Ruth's Chris transaction and integration related costs, adjusted
ORLANDO, Fla., May 22, 2024 /PRNewswire/ -- Darden Restaurants, Inc., (NYSE:DRI) plans to release its fiscal 2024 fourth quarter financial results before the market opens on Thursday, June 20, 2024, with a conference call to follow at 8:30 am ET. Rick Cardenas, CEO, and other senior management will discuss fourth quarter results and conduct a question and answer session. For those who cannot listen to the live broadcast, a replay will be available shortly after the call. What: Darden Restaurants, Inc. Fiscal 2024 Fourth Quarter Earnings Conference Call When: 8:30 am ET, Thursday, June 20, 2024 Where: https://event.choruscall.com/mediaframe/webcast.html?webcastid=haKaMeza How: Live