Darden Restaurants, Inc.
- Open
- 221.07
- Day high
- 223.17
- Day low
- 216.59
- Prev close
- 220.17
- Volume
- 209K
- Mkt cap
- $24.8B
- P/E (TTM)
- 20.8
- EPS (TTM)
- $10.46
- P/B
- 11.2
- P/S
- 1.9
- Yield
- 2.81%
- Per share
- $6.12
- ▼Insiders net selling -$15.6M over the last 3 months (0 open-market buys, 13 sales)
- 🏛Institutions accumulating (13F)
Darden Restaurants, Inc. (DRI) is a Consumer Cyclical company listed on NYSE. The stock is up 6% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 13 sales (SEC Form 4). Drillr has 1 published research article covering DRI.
Darden Restaurants, Inc. (DRI) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 13 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
DRI earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Jun 25, 2026 | $3.62 | $3.66 | +1.0% | $3.7B | -0.0% |
| Mar 19, 2026 | $2.94 | $2.95 | +0.3% | $3.3B | +0.2% |
| Dec 18, 2025 | $2.10 | $2.08 | -1.1% | $3.1B | +0.8% |
| Sep 18, 2025 | $2.00 | $1.97 | -1.4% | $3.0B | +0.3% |
| Jun 20, 2025 | $2.97 | $2.98 | +0.5% | $3.3B | +0.6% |
| Mar 20, 2025 | $2.80 | $2.80 | +0.0% | $3.2B | -1.6% |
| Dec 19, 2024 | $2.02 | $2.03 | +0.5% | $2.9B | +0.6% |
| Sep 19, 2024 | $1.83 | $1.75 | -4.5% | $2.8B | -1.8% |
| Jun 20, 2024 | $2.62 | $2.65 | +1.3% | $3.0B | -0.6% |
| Mar 21, 2024 | $2.62 | $2.62 | -0.1% | $3.0B | -1.7% |
| Dec 15, 2023 | $1.74 | $1.84 | +5.7% | $2.7B | -9.9% |
| Sep 21, 2023 | $1.74 | $1.78 | +2.4% | $2.7B | +1.0% |
DRI insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Sep 1, 2026 | WILMOTT TIMOTHY Jdirector | Grant | 153 | — |
| Sep 1, 2026 | Kenningham Daryldirector | Grant | 150 | — |
| Sep 1, 2026 | Kenningham Daryldirector | Option | 150 | — |
| Aug 7, 2026 | Wilkerson John W.officer: President, Olive Garden | Option | 6,364 | $124.24 |
| Aug 7, 2026 | Wilkerson John W.officer: President, Olive Garden | Sell | 2,500 | $208.41 |
| Aug 7, 2026 | Wilkerson John W.officer: President, Olive Garden | Sell | 6,364 | $208.30 |
| Aug 4, 2026 | Williamson Laura Bofficer: President, LongHorn Steakhouse | Sell | 443 | $204.89 |
| Aug 4, 2026 | Williamson Laura Bofficer: President, LongHorn Steakhouse | Sell | 1,110 | $204.32 |
| Jul 30, 2026 | Connelly Susan M.officer: SVP, Chief Comm & PA Officer | Grant | 749 | — |
| Jul 30, 2026 | King Sarah H.officer: SVP, Chief People Officer | Sell | 2,873 | $210.83 |
| Jul 30, 2026 | Madonna John W.officer: SVP, Corporate Controller | Grant | 624 | — |
| Jul 30, 2026 | Vennam Rajeshofficer: SVP, CFO | Grant | 11,044 | $212.23 |
| Jul 30, 2026 | Martin Melvin Johnofficer: Group President | Grant | 5,890 | $212.23 |
| Jul 30, 2026 | Milanes Douglas J.officer: SVP, Chief Supply Chain Ofcr | Grant | 936 | — |
| Jul 30, 2026 | Wilkerson John W.officer: President, Olive Garden | Grant | 1,622 | — |
Source: DRI SEC Form 4 filings, latest Sep 1, 2026. For informational purposes only — not investment advice.
See the full DRI insider & 13F page →Darden Restaurants, Inc. company profile
Overview
Darden Restaurants, Inc. (NYSE:DRI) is one of the largest full-service restaurant companies in the world, founded in 1968 and headquartered in Orlando, Florida. The company went public in 1995 and has grown through both organic expansion and strategic acquisitions to become a dominant force in the casual and fine dining segments. Today, Darden operates over 1,900 restaurants across multiple well-known brands in the United States and Canada, serving millions of guests annually and generating over $11 billion in revenue.
Business
Darden operates as a multi-brand restaurant company in the full-service dining industry, which encompasses restaurants where customers are seated and served by waitstaff, as opposed to fast-food or quick-service establishments. The company's portfolio spans from casual dining to upscale fine dining, catering to different customer segments and dining occasions. The company's primary brands include: 1. Olive Garden (~47% of total restaurants): The flagship casual dining Italian-American chain known for unlimited breadsticks, soup and salad combinations, and family-style portions. With 884 company-owned locations, it represents Darden's largest revenue contributor. 2. LongHorn Steakhouse (~29% of total restaurants): A casual steakhouse concept focusing on grilled steaks and American fare, operating 546 locations and representing the company's fastest-growing major brand. 3. Fine Dining Segment (~8% of total restaurants): Includes upscale brands such as The Capital Grille (62 locations), Eddie V's Prime Seafood (28 locations), and Seasons 52 (45 locations), targeting higher-income customers for special occasions. 4. Other Brands (~16% of total restaurants): Includes Cheddar's Scratch Kitchen (172 locations), Yard House (85 locations), Bahama Breeze (42 locations), and the recently acquired Ruth's Chris Steak House and Chuy's Mexican restaurant chains. The full-service restaurant industry differs significantly from fast-casual or quick-service restaurants in that it emphasizes the complete dining experience, including ambiance, table service, and longer meal duration. This sector typically commands higher average check sizes but requires more labor-intensive operations and faces greater sensitivity to economic cycles as dining out represents discretionary spending for most consumers.
Competitive moat
Darden's competitive moat is moderately strong but faces ongoing challenges in the highly competitive restaurant industry. The company's primary advantages stem from its scale and operational excellence rather than unique intellectual property or network effects. The company's strongest moat elements include its massive purchasing power, which allows for better supplier negotiations and food cost management than smaller competitors. Darden's sophisticated data analytics platform, built over decades, provides insights into customer behavior, optimal menu pricing, and operational efficiency that are difficult for competitors to replicate quickly. The company's established brand recognition, particularly with Olive Garden and LongHorn Steakhouse, creates customer loyalty and reduces marketing costs compared to newer entrants. However, the restaurant industry inherently has low barriers to entry and intense competition. New restaurant concepts can emerge quickly, and changing consumer preferences toward healthier options, delivery-focused models, or experiential dining can disrupt established players. The rise of ghost kitchens, fast-casual chains, and delivery-only concepts represents ongoing competitive pressure. Potential disruption comes from several sources: technology-enabled restaurant models that reduce labor costs, changing consumer preferences toward more convenient or health-conscious options, economic downturns that reduce discretionary dining spending, and continued labor market tightness that pressures wage costs. The company's dependence on physical real estate also creates vulnerability to changing shopping and dining patterns, as demonstrated during the COVID-19 pandemic. While Darden's scale and execution capabilities provide competitive advantages, the company operates in a structurally challenging industry where maintaining market position requires constant innovation and operational excellence.
Risks & safety
Darden presents moderate financial risk with adequate liquidity but high leverage levels typical of restaurant companies. • Liquidity position: Cash and short-term investments of $224 million as of Q3 2025, with operating cash flow of $580 million quarterly and free cash flow of $417 million, indicating strong cash generation capability. • Debt concerns: Debt-to-equity ratio of 2.76, reflecting significant leverage. Current ratio of 0.39 indicates potential short-term liquidity pressure, though this is typical for restaurant operations with daily cash generation. • Valuation metrics: Trading at 17.7x earnings and 13.0x EV/EBITDA, representing reasonable but not cheap valuations for a mature restaurant company. Price-to-book ratio of 10.4x reflects asset-light business model. • Other considerations: Strong brand portfolio provides diversification, consistent dividend payments indicate management confidence, but exposure to discretionary consumer spending creates cyclical risk.
Recent development
Over the past few years, Darden has pursued several strategic initiatives to strengthen its competitive position and adapt to changing consumer preferences. The company completed the acquisition of Ruth's Chris Steak House in 2024, adding a premium steakhouse brand to its fine dining portfolio and achieving expected synergies of $17 million annually. More recently, Darden acquired Chuy's Mexican restaurant chain in Q2 2025, expanding into the Mexican casual dining segment. The company has made significant investments in technology and digital capabilities, including the development of a next-generation point-of-sale system and modernization of its proprietary technology platform. A major initiative has been the rollout of Uber Direct delivery across Olive Garden locations, representing the brand's first foray into third-party delivery partnerships. Early results show 40-50% incrementality with delivery orders averaging 20% higher than typical takeout orders. Operationally, Darden has maintained focus on its "back-to-basics" philosophy, emphasizing food quality, service execution, and operational consistency across all brands. The company has implemented menu simplification initiatives while introducing strategic promotional campaigns like Olive Garden's "Never Ending Pasta Bowl" and "Buy One, Take One" promotions designed to drive traffic without deep discounting. Leadership transitions have occurred across several brand presidents, with Laura Williamson named President of LongHorn Steakhouse and new leadership appointed for other brand divisions. The company has also expanded its restaurant footprint with plans to open 60-65 new locations in fiscal 2026, focusing on markets with strong demographic profiles and limited competition.
DRI company profile · for informational purposes only — not investment advice.
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