Darden Restaurants, Inc. (DRI)

NYSE: DRI · USD

$217

+2.80 (+1.3%)· Recorded snapshot

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StockMarketAgent Research · Analyzed 2026-10-09

Our latest published analysis: DRI rated Buy

Darden Restaurants, Inc.'s published Buy conclusion compares the analysis-date price with fair value and potential value. Read the full report for assumptions, evidence, and material risks.

Fair value

$227 / share

Potential value

$282 / share

Upside to FV

+14.2%

from $217

Moat

7/10

Narrow

Read full analysis →View archive · 24mo

9-phase methodology · same model in each published edition

Market cap	$22.4B
Revenue (ttm)	13.4B
Net income (ttm)	1.2B
EPS (ttm)	$10.2
Shares out	113.1M
P/E (trailing)	21.2x
P/E (forward)	18.9x
Dividend	$6.48 (2.99%)
Volume	564,485
Beta	0.62

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 13.4B
Net income (ttm): 1.2B
EPS (ttm): $10.2
P/E (trailing): 21.2x
P/E (forward): 18.9x
Market cap: $22.4B

Item	P1	P2	P3	P4	P5	Trend
Period	2022-05-29	2023-05-28	2024-05-26	2025-05-25	2026-05-31	Trend
Revenue	$9.63B	$10.49B	$11.39B	$12.08B	$13.21B	+8.2%
Gross profit	$1.90B	$1.99B	$2.29B	$2.47B	$2.68B	+9.0%
Operating income	$1.16B	$1.20B	$1.31B	$1.36B	$1.58B	+8.0%
Net income	$952.8M	$981.9M	$1.03B	$1.05B	$1.21B	+6.1%
EPS (diluted)	$7.39	$7.99	$8.51	$8.86	$10.38	+8.9%
EBITDA	$1.53B	$1.60B	$1.78B	$1.88B	$2.34B	+11.1%
R&D	—	—	—	—	—	—
SG&A	$373.2M	$386.1M	$479.2M	$520.3M	$514.4M	+8.4%

Ticker	Name	Market cap	P/E	P/S	ROIC	5Y rev CAGR	1Y total return	Rating
AAPL	Apple Inc.	5T	39.4x	10.8x	101.6%	+6.1%	+28.5%	매도
ABNB	Airbnb, Inc.	97.8B	37.5x	7.4x	16.8%	+24.4%	+28.5%	매도
ADBE	Adobe Inc.	97.1B	13.9x	3.7x	57.2%	+11.5%	-30.7%	적극 매수
AMZN	Amazon.com Inc.	2.7T	20.5x	3.5x	11.9%	+11.8%	+12.2%	매도
APTV	Aptiv PLC	9.1B	42.8x	0.4x	7.8%	+5.5%	-49.2%	매수
AZO	AutoZone Inc.	50.8B	20.7x	2.5x	26.3%	+6.8%	-17.3%	보유

Base and Bull scenarios

Base55%

Price target

$226.51

+14.2% from spot

In the modal base case, Darden compounds steadily as Olive Garden leverages its 42.35% revenue scale and >90% pricing flow-through to preserve operating margins near 12.0%-12.2%. Unit growth continues at 2-3% annually, top-line revenue expands at 3.7% to 4.5%, and operating cash flow of ~$1.85B fully funds capex ($734M) and consistent share buybacks, yielding a synthesized fair value midpoint of $226.51.

Revenue growth of 3.72% in FY2027 and 6.08% in FY2028 before fading to 4.50% terminal growth
Normalized EBIT margins stabilizing at 12.00% to 12.20%
Annual share count contraction sustained through discretionary buybacks
Computed WACC of 7.4016% and stable long-term terminal growth

Bull20%

Price target

$282.25

+42.3% from spot

In the upside scenario, Olive Garden revitalizes weekday lunch daypart dining through targeted marketing and promotional platforms like Never-Ending Pasta Bowl, while LongHorn Steakhouse accelerates market share capture as beef inflation moderates and independent restaurants shutter. Revenue growth accelerates, operating margins expand on dining room seat turnover, and heightened free cash flow accelerates share retirements, driving intrinsic value toward $282.25.

Consolidated top-line revenue growth accelerating meaningfully above baseline trend
Operating margins expanding on strong dining room seat turnover and operational leverage
Annual net share repurchases accelerating beyond baseline dilution offset

Sensitivity: Ke × terminal growth

The highlighted cell is Fair value when every assumption sits at its base level ($226.51). Each row and column shows what Fair value becomes when one assumption moves.

Ke ↓ / g →	2.0%	2.3%	2.5%	2.8%	3.0%
6.4%	$250	$259	$269	$281	$295
6.9%	$230	$237	$245	$254	$265
7.4%	$214	$220	$227	$234	$241
7.9%	$201	$206	$211	$217	$223
8.4%	$190	$194	$198	$203	$208

Scorecard

Published factor rows and weighted composite

Calendar

Next earnings

Upcoming earnings date and setup when available.

Upcoming

DateLoading

Window—

EPS estimate—

Revenue estimate—

Sector percentile context

Refreshed 2026-10-28 19:55 UTC

Forward P/E18.9

P25 n/aP50 n/aP75 n/a

Trailing P/E19.5

P25 n/aP50 n/aP75 n/a

ROE55.4

P25 n/aP50 n/aP75 n/a

ROIC13.6

P25 n/aP50 n/aP75 n/a

Benchmarks · 1M

All DRI indicators

Market & fundamental data

Available fields

290

Groups with data

Currency

USD

Showing 290 of 290 available metrics for this ticker.

Profile and market data

Ticker identity, listing, currency, market cap, and source dates.

Metric	Value
Amount currency	USD
CIK code	0000940944
Company name	Darden Restaurants, Inc.
Country	United States
Country code	US
CUSIP number	237194105
Earnings date	2026-12-17
Earnings time	bmo
Employees	209,931
Employees change	12,807
Employees growth	6.5%
Enterprise value	$32.9B
Exchange	NYSE
Financial currency	USD
Financial report date	2026-08-30
First seen	2026-05-09
Fiscal year end	May
Founded	1968
In index	SP500
Industry	Restaurants
IPO date	1995-05-05
Is primary listing	Yes
Is SPAC	No
ISIN number	US2371941053
Last 10-K release date	2026-07-24
Last earnings date	2026-09-24
Last refreshed	2026-10-28
Last stock split date	2002-05-02
Last stock split type	Forward
Market cap	$24.5B
Market cap category	Large-Cap
Next earnings date	2026-12-17
Options	Yes
Price	$216.76
Price currency	USD
Sector	Consumer Discretionary
SIC code	5812
Stock price date	2026-10-28
Symbol	DRI
U.S. state	Florida
Website	https://www.darden.com

Valuation

Multiples, yields, enterprise-value ratios, and valuation checks.

Metric	Value
Adjusted P/E ratio	20.18x
Average P/E ratio (10Y)	20.43x
Average P/E ratio (3Y)	19.89x
Average P/E ratio (5Y)	19.36x
Earnings yield	4.73%
EV/Earnings	28.11x
EV/EBIT	20.9x
EV/EBITDA	15.51x
EV/FCF	31.73x
EV/Sales	2.49x
FCF / EV yield	3.15%
FCF yield	4.21%
Forward EV/Sales	2.39x
Forward P/E	18.91x
Forward P/S	1.79x
Graham number	64.87223
Graham upside	-70.48%
Industry forward P/E	21.86x
Industry P/E	25.8x
Lynch fair value	$76.69
Lynch upside	-65.1%
P/(FCF - SBC) ratio	25.72x
P/(OCF - SBC) ratio	14.61x
P/B ratio	11.72x
P/E ratio	21.16x
P/FCF ratio	23.74x
P/OCF ratio	13.95x
P/S ratio	1.86x
PEG ratio	2.07x
Price/EBITDA ratio	11.61x
Sector forward P/E	24.43x
Sector P/E	30.53x

Profitability

Margins, returns on capital, cash conversion, and quality metrics.

Metric	Value
EBIT margin	11.9%
EBITDA margin	16.03%
Effective tax rate	12.74%
FCF margin	7.84%
Gross margin	21.66%
Operating margin	11.9%
Pretax margin	10.2%
Profit margin	8.85%
Profit per employee	$5,632
Profitable quarters	25
Profitable years	6
Revenue per employee	$63,671
ROA	7.65%
ROA (5Y)	7.41%
ROCE	15.86%
ROE	55.43%
ROE (5Y)	45.81%
ROIC	13.56%
ROIC (5Y)	13.62%
SBC / revenue	0.6%
Tax / revenue	1.3%

Growth

Revenue, earnings, cash-flow, and forward growth indicators.

Metric	Value
EPS growth	9.86%
EPS growth (Q)	-6.72%
EPS growth (QoQ)	-41.89%
EPS growth 10Y	12.71%
EPS growth 3Y	8.43%
EPS growth 5Y	10.39%
EPS growth years	6
FCF growth	-4.3%
FCF growth (Q)	-39.79%
FCF growth (QoQ)	-73.07%
FCF growth 3Y	9.65%
FCF growth 5Y	3.76%
Gross profit growth	7.28%
Gross profit growth (Q)	5.23%
Gross profit growth 3Y	9.79%
Gross profit growth 5Y	11.25%
Net income growth	7.46%
Net income growth (Q)	-9.47%
Net income growth (QoQ)	-42.36%
Net income growth 3Y	6.33%
Net income growth 5Y	7.49%
Net income growth years	6
OCF growth	0.83%
OCF growth (Q)	-19.21%
OCF growth (QoQ)	-51.43%
OCF growth 10Y	7.88%
OCF growth 3Y	8.71%
OCF growth 5Y	8.86%
Operating income growth	10.55%
Operating income growth (Q)	6.12%
Operating income growth 3Y	9.6%
Operating income growth 5Y	12.58%
Revenue growth	8.11%
Revenue growth (Q)	5.11%
Revenue growth (QoQ)	-13.94%
Revenue growth 10Y	6.74%
Revenue growth 3Y	7.46%
Revenue growth 5Y	10.88%
Revenue growth quarters	22
Revenue growth years	5

Financial statements

Income-statement and cash-flow amounts, totals and per share.

Metric	Value
Capital expenditures	$-735.2M
Depreciation and amortization	$552M
EBIT	$1.6B
EBITDA	$2.1B
EPS	$10.25
FCF per share	$9.26
Financing cash flow	$-1.1B
Free cash flow	$1B
Free cash flow minus SBC	$966.6M
Gross profit	$2.9B
Income taxes	$173.7M
Investing cash flow	$-723.4M
Net borrowing	$319.7M
Net cash flow	$3.1M
Net income	$1.2B
Operating cash flow minus SBC	$1.7B
Operating income	$1.6B
Revenue	$13.4B
Stock-based compensation	$80.7M

Financial strength

Debt, cash, solvency, accounting-quality, and balance-sheet signals.

Metric	Value
Altman Z-Score	2.41
Book value per share	$18.26
Debt / EBITDA	3.26
Debt / equity	4.15
Debt / FCF	8.2
Goodwill	$1.7B
Interest coverage	7.9
Long-term assets	$12.3B
Long-term liabilities	$8B
Net cash (debt)	$-8.4B
Net cash / market cap	-33.66%
Net debt / EBITDA	3.91
Net debt / equity	4.05
Net debt / FCF	7.99
Piotroski F-Score	6
Property, plant and equipment	$8.8B
Shareholders' equity	$2.1B
Tangible book value	$-936.2M
Tangible book value per share	$-8.26
Total assets	$13.2B
Total cash	$220.5M
Total debt	$8.6B
Total liabilities	$11.2B
WACC	6.21%

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Asset turnover	1.03
Current assets	$953.1M
Current liabilities	$3.2B
Current ratio	0.3
Inventory turnover	33.21
Net working capital	$-1.3B
Quick ratio	0.11
Working capital	$-2.2B
Working capital turnover	-7.3

Dividends and buybacks

Dividend yield, payout, buybacks, and shareholder-yield indicators.

Metric	Value
Buyback yield / dilution	2.12%
Dividend growth	7.59%
Dividend growth (10Y)	11.4%
Dividend growth (3Y)	7.38%
Dividend growth (5Y)	12.58%
Dividend growth years	5
Dividend payment date	2026-11-02
Dividend payment years	32
Dividend payout frequency	Quarterly
Dividend per share	$6.48
Dividend yield	2.99%
Ex-dividend date	2026-10-09
FCF payout ratio	70.01%
Last dividend	$1.62
Payout ratio	63.25%
Shareholder yield	5.07%

Performance and technicals

Returns, volatility, beta, momentum, RSI, and moving-average context.

Metric	Value
10Y price change	252.72%
10Y return CAGR	16.72%
10Y total return	369.02%
150-day SMA	$205.00
15Y price change	343.38%
15Y return CAGR	14.85%
15Y total return	698.06%
1D price change	1.31%
1M price change	8.63%
1M total return	9.52%
1W price change	-0.46%
1W total return	-0.46%
1Y price change	18.17%
1Y return CAGR	21.94%
1Y total return	21.92%
20-day SMA	$208.37
200-day SMA	$205.59
20Y price change	429.24%
20Y return CAGR	12.65%
20Y total return	983.44%
3M price change	6.32%
3M total return	7.18%
3Y price change	52.28%
3Y return CAGR	18.8%
3Y total return	67.69%
50-day SMA	$210.55
50-day SMA vs 200-day SMA	50over200
52-week high	$229.76
52-week high date	2026-08-13
52-week low	$169.00
52-week low date	2025-11-20
5Y price change	51.18%
5Y return CAGR	12.28%
5Y total return	78.4%
6M price change	9.21%
6M total return	10.99%
All-time high	$229.76
All-time high date	2026-08-13
All-time low	$4.50
All-time low date	1997-02-20
Average true range (ATR)	$5.11
Average volume	1M
Beta (1Y)	0.54
Beta (2Y)	0.48
Beta (5Y)	0.62
Change from 52-week high	-5.66%
Change from 52-week low	28.26%
Change from all-time high	-5.56%
Change from all-time low	4,722%
Change from open	0.41%
Day's gap	0.9%
Dollar volume	$122.4M
High price	$220.01
Low price	$215.03
Monthly RSI	59.19
Open price	$215.88
Position in 52-week range	34.74%
Premarket change	0.72%
Premarket close	$213.96
Premarket price	$215.50
Premarket volume	2.1K
Previous close	$213.96
Price vs 150-day SMA	5.74%
Price vs 20-day SMA	4.03%
Price vs 200-day SMA	5.44%
Price vs 50-day SMA	2.95%
Relative volume	0.56
RSI	59.21
Sharpe ratio	0.71
Sharpe ratio (3Y)	0.64
Sharpe ratio (5Y)	0.42
Sortino ratio	1.25
Sortino ratio (3Y)	1.24
Sortino ratio (5Y)	0.83
Volume	564.5K
Weekly RSI	56.38
YTD price change	17.92%
YTD total return	21.66%

Ownership and float

Institutional, insider, float, short-interest, and share-count fields.

Metric	Value
Float	112.6M
Float percentage	99.54%
Shares change (QoQ)	-0.69%
Shares change (YoY)	-2.12%
Shares held by insiders	0.36%
Shares held by institutions	100.99%
Shares outstanding	113.1M
Short % of float	6%
Short % of shares	5.97%
Short ratio	5.1 days

Deeper analysis on DRI

14 sections in the full report · jump straight to what you need

Forecast

Base and Bull forecast paths with report-date return framing.

→

Valuation

Fair-value bridge, DCF, owner earnings, and peer multiples.

→

Sensitivity

Cost-of-equity and terminal-growth stress table.

→

Risks

Kill scenarios, soft-pass flags, and downside catalysts.

→

Earnings

Next earnings setup and beat / inline / miss thresholds.

→

Position sizing

Entry, exit, conviction, and quarterly monitoring rules.

→

Financials

Revenue, margins, cash flow, and balance-sheet context.

→

Peers

Relative valuation and profitability against the cohort.

→

Moat

Economic-profit evidence and competitive advantage risk.

→

Industry cycle

Sector phase, capital cycle, and secular tailwinds.

→

Quote this valuation with its source: Fair value, Potential value and the price at analysis.

Frequently asked questions

About this DRI report

What is the latest published DRI stock rating?

Darden Restaurants, Inc. is shown with Buy in the latest published report, analyzed 2026-10-09. The hub links directly to the full analysis surface where the dated rating, fair-value bridge, risks, and scorecard are documented together.

Where can I read the full DRI analysis?

The full latest published report, analyzed 2026-10-09, lives at /stocks/DRI/analysis. The bare ticker page summarizes that read and links to each analysis tab; earlier editions remain under /analysis/archive.

What fair value is used for DRI?

The latest published report analyzed 2026-10-09 gives DRI a fair value of USD 227 and a potential value of USD 282. These are dated research outputs, not live market prices; review the valuation assumptions, sensitivity analysis, and material risks before making a decision.

How often is the DRI page updated?

The hub selects the latest published stock report regardless of age and displays its analysis date (2026-10-09). Separately sourced market data is labeled with its own recorded timestamp and is never inferred from the report.

BuyDRI · Fair value $227+14.2%

Read full analysis →

Category	Score	Reading
Valuation	7.5
Management	8.5
Balance Sheet	1.5
Profitability	7.0
Revenue Growth	6.0
Risk Assessment	3.5
Competitive Moat	7.0
Earnings Quality	7.5
Capital Efficiency	6.5

Darden Restaurants, Inc. (DRI)

Our latest published analysis: DRI rated Buy

Price

Financial snapshot

Fair-value bridge

Latest news · DRI

Valuation

Profitability

Balance sheet

Trading

Base and Bull scenarios

Sensitivity: Ke × terminal growth

Scorecard

Next earnings

Sector percentile context

All DRI indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Deeper analysis on DRI

Frequently asked questions

등급 이력