Darden Restaurants Inc Stock Research

Market Summary

USD150.36+2.60

Market Closed

1.76%

DRI Stock Price

DRI RSI Chart

DRI Valuation

Market Cap

18.4B

Price/Earnings (Trailing)

20.2

Price/Sales (Trailing)

1.84

EV/EBITDA

12.76

Price/Free Cashflow

19.64

DRI Price/Sales (Trailing)

DRI Profitability

EBT Margin

10.42%

Return on Equity

44.98%

Return on Assets

9.07%

Free Cashflow Yield

5.09%

DRI Fundamentals

DRI Revenue

Revenue (TTM)

10.0B

Revenue Y/Y

9.43%

Revenue Q/Q

1.65%

DRI Earnings

Earnings (TTM)

908.9M

Earnings Y/Y

-3.11%

Earnings Q/Q

-3.01%

Price Action

52 Week Range

108.81152.08

(Low)(High)

Last 7 days

1.4%

Last 30 days

0.0%

Last 90 days

3.4%

Trailing 12 Months

22.2%

DRI Financial Health

Current Ratio

0.47

Debt/Equity

0.41

Debt/Cashflow

1.4

DRI Investor Care

Dividend Yield

3.07%

Dividend/Share (TTM)

4.62

Buy Backs (1Y)

5.50%

Diluted EPS (TTM)

7.24

Peers (Alternatives to Darden Restaurants)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
MCD	198.8B	23.2B	0.05%	16.44%	32.19	8.58	-0.17%	-18.13%
SBUX	115.3B	32.9B	-8.46%	21.74%	34.73	3.5	8.41%	-24.41%
CMG	45.1B	8.6B	-1.45%	6.51%	50.2	5.23	14.41%	37.69%
YUM	36.1B	6.8B	-4.07%	12.49%	27.22	5.27	3.92%	-15.87%
DRI	18.4B	10.0B	-0.05%	22.19%	20.2	1.84	16.23%	-1.35%
MID-CAP
ARMK	8.7B	17.0B	-13.89%	-5.83%	38.66	0.51	27.66%	584.49%
TXRH	7.2B	4.0B	2.32%	33.62%	26.81	1.8	15.91%	10.00%
WING	5.4B	357.5M	7.11%	60.53%	102.55	15.19	26.56%	24.12%
WEN	4.5B	2.1B	-8.69%	-3.72%	25.11	2.13	10.46%	-11.49%
SHAK	2.2B	900.5M	-2.39%	-11.52%	-91.65	2.45	21.70%	-178.35%
SMALL-CAP
PLAY	1.7B	1.7B	-22.36%	-14.62%	13.72	0.97	61.79%	371.82%
BJRI	706.1M	1.3B	-8.26%	9.24%	173.24	0.55	18.11%	213.03%
CHUY	643.4M	422.2M	5.25%	31.31%	30.85	1.52	6.49%	-30.89%
DENN	633.1M	456.4M	-11.70%	-23.65%	8.47	1.39	14.63%	-4.30%
RUTH	564.4M	505.9M	0.65%	-21.38%	14.61	1.12	17.88%	-8.64%

Financials for Darden Restaurants

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	2.2%	9,984	9,770	9,630	9,306	8,590
Gross Profit	0.2%	1,902	1,899	1,742	-	-
S&GA Expenses	-0.4%	346	347	373	385	381
Costs and Expenses	2.6%	8,869	8,645	8,468	8,159	7,596
EBITDA	-0.5%	1,420	1,428	1,523	1,511	1,349
EBITDA Margin	-2.7%	0.14*	0.15*	0.16*	0.16*	0.16*
Earnings Before Taxes	-1.2%	1,040	1,053	1,094	1,080	929
EBT Margin	-3.3%	0.10*	0.11*	0.11*	0.12*	0.11*
Interest Expenses	-2.5%	65.00	67.00	61.00	-	-
Net Income	-0.7%	909	915	953	1,040	921
Net Income Margin	-2.8%	0.09*	0.09*	0.10*	0.11*	0.11*
Free Cahsflow	-14.6%	935	1,095	888	1,011	926

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	0.1%	10,025	10,015	10,136	10,205	10,403
Current Assets	-5.2%	892	941	1,179	1,280	1,514
Cash Equivalents	-36.2%	241	378	421	555	746
Inventory	8.4%	296	273	271	244	230
Goodwill	0%	1,037	1,037	1,037	1,037	1,037
Liabilities	0.7%	8,004	7,950	7,938	7,920	7,860
Current Liabilities	4.4%	1,906	1,825	1,848	1,816	1,781
. Short Term Borrowings	Infinity%	58.00	-	-	-	-
Long Term Debt	-1.7%	901	916	-	-	-
LT Debt, Non Current	-1.0%	886	895	901	916	929
Shareholder's Equity	-2.1%	2,021	2,064	2,198	2,286	2,543
Retained Earnings	-31.6%	-199	-151	-25.90	34.00	262
Shares Outstanding	-0.7%	122	123	124	127	129
Float	-	17,965	-	-	-	-

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	-6.2%	1,419	1,512	1,265	1,364	1,246
Share Based Compensation	14.3%	61.00	53.00	61.00	62.00	69.00
Cashflow From Investing	-14.5%	-484	-423	-389	-363	-331
Cashflow From Financing	13.3%	-1,423	-1,642	-1,609	-1,378	-891
Dividend Payments	1.0%	573	568	563	542	450
Buy Backs	-15.3%	918	1,084	1,071	872	491

Risks for DRI

What is the probability of a big loss on DRI?

36.1%

Probability that Darden Restaurants stock will be more than 20% underwater in next one year

20%

Probability that Darden Restaurants stock will be more than 30% underwater in next one year.

20%

Probability that Darden Restaurants stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does DRI drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Darden Restaurants was unfortunately bought at previous high price.

Drawdowns

Returns for DRI

Cumulative Returns on DRI

16.3%

10-Year Cumulative Returns

14.8%

7-Year Cumulative Returns

12.0%

5-Year Cumulative Returns

34.0%

3-Year Cumulative Returns

What are the long-term rolling returns for DRI?

FIve years rolling returns for Darden Restaurants.

Annualized Returns

Which funds bought or sold DRI recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-15	B. Riley Wealth Advisors, Inc.	added	0.87	23,465	256,465	0.01%
2023-03-10	VICTORY CAPITAL MANAGEMENT INC	added	223	153,833,000	214,349,000	0.23%
2023-03-06	Rockefeller Capital Management L.P.	added	3.62	197,000	1,654,000	0.01%
2023-03-03	TIAA, FSB	added	7.83	49,159	318,159	-%
2023-03-01	Lakewood Asset Management LLC	new	-	14,000	14,000	0.01%
2023-02-28	Voya Investment Management LLC	added	2.59	1,058,990	9,633,990	0.01%
2023-02-27	Parallax Volatility Advisers, L.P.	new	-	3,156,000	3,156,000	-%
2023-02-24	National Pension Service	reduced	-7.66	-366,904	29,485,500	0.06%
2023-02-24	SRS Capital Advisors, Inc.	unchanged	-	61.00	3,061	-%
2023-02-24	NATIXIS	added	61.65	838,672	1,930,670	0.01%

Latest Funds Activity

Are funds buying DRI calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own DRI

No. of Funds

Darden Restaurants News

Schedule 13G FIlings of Darden Restaurants

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2023	capital international investors	11.2%	13,738,374	SC 13G/A
Feb 13, 2023	capital world investors	10.9%	13,387,784	SC 13G/A
Feb 09, 2023	vanguard group inc	11.65%	14,260,499	SC 13G/A
Feb 01, 2023	blackrock inc.	6.9%	8,443,602	SC 13G/A
Feb 11, 2022	capital world investors	12.4%	16,040,321	SC 13G/A
Feb 11, 2022	capital international investors	11.8%	15,037,975	SC 13G/A
Feb 09, 2022	vanguard group inc	10.80%	14,011,265	SC 13G/A
Feb 01, 2022	blackrock inc.	6.7%	8,652,000	SC 13G/A
Aug 10, 2021	capital international investors	11.2%	14,599,554	SC 13G/A
Jul 09, 2021	capital world investors	10.3%	13,519,590	SC 13G/A

DRI Fair Value

Darden Restaurants fair value in different scenarios

The table shows the Fair Value estimates for Darden Restaurants for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.

Fair Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very Optimistic
Very Low Inflation	87.94 -41.51%	136.62 -9.14%	182.70 21.51%	235.59 56.68%	277.05 84.26%
Current Inflation	80.71 -46.32%	122.39 -18.60%	160.46 6.72%	204.09 35.73%	238.12 58.37%
Very High Inflation	71.80 -52.25%	105.40 -29.90%	134.56 -10.51%	168.01 11.74%	193.93 28.98%

Historical Darden Restaurants Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of Darden Restaurants

View All Filings

Date Filed	Form Type	Document
Mar 07, 2023	4/A	Insider Trading
Feb 28, 2023	4	Insider Trading
Feb 28, 2023	4	Insider Trading
Feb 28, 2023	4	Insider Trading
Feb 13, 2023	SC 13G/A	Major Ownership Report
Feb 13, 2023	SC 13G/A	Major Ownership Report
Feb 09, 2023	SC 13G/A	Major Ownership Report
Feb 02, 2023	4	Insider Trading
Feb 01, 2023	SC 13G/A	Major Ownership Report
Jan 18, 2023	4	Insider Trading

Latest Insider Trading transactions for DRI

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-02-02	MENSAH NANA	sold	-9,487	148	-64.00	-
2023-01-13	Renninger Richard L.	sold	-739,942	147	-5,000	svp, chief development officer
2023-01-13	Renninger Richard L.	acquired	298,400	59.68	5,000	svp, chief development officer
2023-01-10	Milanes Douglas J.	acquired	144,930	65.02	2,229	svp, chief supply chain ofcr
2023-01-10	Milanes Douglas J.	sold	-334,350	150	-2,229	svp, chief supply chain ofcr
2023-01-06	Madonna John W.	gifted	-	-	-75.00	svp, corporate controller
2023-01-04	Martin Melvin John	sold	-283,891	141	-2,000	president, srg
2022-12-27	LEE EUGENE I JR	gifted	-	-	-3,624	-
2022-11-10	Milanes Douglas J.	acquired	144,865	65.02	2,228	svp, chief supply chain ofcr
2022-11-10	Milanes Douglas J.	sold	-323,060	145	-2,228	svp, chief supply chain ofcr

About Darden Restaurants

Eugene I. Lee

www.darden.com

65535

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.

DRI Income Statement

2022-11-27

CONSOLIDATED STATEMENTS OF EARNINGS (Unaudited) - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Nov. 27, 2022	Nov. 28, 2021	Nov. 27, 2022	Nov. 28, 2021
Sales	$ 2,486.5	$ 2,272.2	$ 4,932.6	$ 4,578.2
Costs and expenses:
Restaurant labor	808.5	744.8	1,602.3	1,480.8
Marketing expenses	31.1	21.9	61.4	45.8
General and administrative expenses	90.4	91.7	178.7	204.7
Depreciation and amortization	96.8	92.1	192.4	181.1
Impairments and disposal of assets, net	(8.8)	0.0	(13.7)	0.0
Total operating costs and expenses	2,253.3	2,029.6	4,455.2	4,055.0
Operating income	233.2	242.6	477.4	523.2
Interest, net	19.8	16.7	39.6	32.3
Earnings before income taxes	213.4	225.9	437.8	490.9
Income tax expense	25.9	32.5	56.7	65.8
Earnings from continuing operations	187.5	193.4	381.1	425.1
Losses from discontinued operations, net of tax benefit of $0.3, $0.0, $0.3 and $0.5, respectively	(0.3)	(0.2)	(0.9)	(1.0)
Net earnings	$ 187.2	$ 193.2	$ 380.2	$ 424.1
Basic net earnings per share:
Earnings from continuing operations (in dollars per share)	$ 1.54	$ 1.50	$ 3.11	$ 3.28
Losses from discontinued operations (in dollars per share)	(0.01)	0	(0.01)	(0.01)
Net earnings (in dollars per share)	1.53	1.50	3.10	3.27
Diluted net earnings per share:
Earnings from continuing operations (in dollars per share)	1.52	1.48	3.09	3.24
Losses from discontinued operations (in dollars per share)	0	0	(0.01)	(0.01)
Net earnings (in dollars per share)	$ 1.52	$ 1.48	$ 3.08	$ 3.23
Average number of common shares outstanding:
Basic (in shares)	122.1	129.2	122.5	129.8
Diluted (in shares)	123.1	130.5	123.5	131.1
Food and beverage
Costs and expenses:
Food and beverage costs and restaurant expenses	$ 818.3	$ 694.1	$ 1,613.6	$ 1,379.5
Restaurant expenses
Costs and expenses:
Food and beverage costs and restaurant expenses	$ 417.0	$ 385.0	$ 820.5	$ 763.1

DRI Balance Sheet

2022-11-27

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Nov. 27, 2022	May 29, 2022
Current assets:
Cash and cash equivalents	$ 240.7	$ 420.6
Receivables, net	71.6	72.0
Inventories	296.1	270.6
Prepaid income taxes	115.6	274.8
Prepaid expenses and other current assets	168.1	141.4
Total current assets	892.1	1,179.4
Land, buildings and equipment, net of accumulated depreciation and amortization of $3,289.9 and $3,140.9, respectively	3,558.7	3,356.0
Operating lease right-of-use assets	3,434.8	3,465.1
Goodwill	1,037.4	1,037.4
Trademarks	806.3	806.3
Other assets	296.0	291.6
Total assets	10,025.3	10,135.8
Current liabilities:
Accounts payable	435.3	366.9
Short-term debt	58.0	0.0
Accrued payroll	137.1	181.5
Accrued income taxes	18.9	32.1
Other accrued taxes	68.3	64.5
Unearned revenues	463.8	498.0
Other current liabilities	725.0	704.5
Total current liabilities	1,906.4	1,847.5
Long-term debt	885.8	901.0
Deferred income taxes	177.5	201.1
Operating lease liabilities - non-current	3,730.5	3,755.8
Other liabilities	1,304.2	1,232.2
Total liabilities	8,004.4	7,937.6
Stockholders’ equity:
Common stock and surplus	2,214.6	2,226.0
Retained earnings (deficit)	(199.7)	(25.9)
Accumulated other comprehensive income (loss)	6.0	(1.9)
Total stockholders’ equity	2,020.9	2,198.2
Total liabilities and stockholders’ equity	$ 10,025.3	$ 10,135.8