| Market cap | $17.45B |
|---|---|
| Enterprise value | $19.15B |
| Revenue | $11.202B |
|---|---|
| EBITDA | $1.743B |
| Income | $1.035B |
| Revenue Q/Q | 6.77% |
| Revenue Y/Y | 8.53% |
| P/E | 17.67 |
|---|---|
| Forward P/E | 17.04 |
| EV/Sales | 1.71 |
| EV/EBITDA | 10.99 |
| EV/EBIT | 14.83 |
| PEG | 2.23 |
| Price/Sales | 1.56 |
| P/FCF | 17.66 |
| Price/Book | 7.93 |
| Book/Share | 19.17 |
| Cash/Share | 3.20 |
| FCF yield | 5.66% |
| Volume | 2.318M / N/A |
|---|---|
| Relative vol. | N/A |
| EPS | 8.60 |
|---|---|
| EPS Q/Q | -11.36% |
| Est. EPS Q/Q | -3.38% |
| Profit margin | 9.36% |
|---|---|
| Oper. margin | 11.55% |
| Gross margin | 19.86% |
| EBIT margin | 11.53% |
| EBITDA margin | 15.56% |
| Ret. on assets | 9.36% |
|---|---|
| Ret. on equity | 48.29% |
| ROIC | 11.78% |
| ROCE | 14.22% |
| Debt/Equity | 3.65 |
|---|---|
| Net debt/EBITDA | 11.38 |
| Current ratio | 0.39 |
| Quick ratio | 0.25 |
| Volatility | 1.76% |
|---|---|
| Beta | 0.58 |
| RSI | 55.05 |
|---|
| Insider ownership | 0.43% |
|---|---|
| Inst. ownership | 92.56% |
| Shares outst. | 119.359M |
|---|---|
| Shares float | 0.000 0.00% |
| Short % of float | 4.64% |
| Short ratio | 2.96 |
| Dividend | $5.24 |
|---|---|
| Dividend yield | 3.41% |
| Payout ratio | 60.93% |
| Payment date | N/A |
| Ex-dividend date | N/A |
| Earnings date | 20 Jun 2024 |
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| Insider |
Trans.
Transaction
|
Total value |
|---|---|---|
| Matthew R Broad SVP General Counsel | Option 25 Apr 2024 | $404,002 |
| William S Simon Director | Sale 8 Apr 2024 | $192,858 |
| Melvin John Martin President and SRG | Sale 27 Mar 2024 | $1,789,611 |
| Matthew R Broad SVP General Counsel | Sale 31 Jan 2024 | $1,115,229 |
| John W. Madonna SVP and Corporate Controller | Option 8 Jan 2024 | $329,244 |
| James P Fogarty Director | Option 31 Dec 2023 | $193,874 |
| Sarah H. King SVP and Chief People Officer | Sale 19 Dec 2023 | $708,262 |
| Melvin John Martin President and SRG | Option 19 Dec 2023 | $415,791 |
| Douglas J. Milanes SVP and Chief Supply Chain Ofcr | Sale 19 Dec 2023 | $581,525 |
| Susan M. Connelly SVP, Chief Comm, and PA Officer | Sale 20 Oct 2023 | $151,330 |
| Melvin John Martin President and SRG | Option 3 Oct 2023 | $177,011 |
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Price target
Current $151.96
Average $111.31
Low $85
High $132
Dividends
| Ex-dividend date | N/A | Frequency | Quarterly | Annual dividend | +9.09% |
|---|---|---|---|---|---|
| Next dividend | N/A | Dividend yield | 3.41% | Growth period | 3 years |
| Last dividend date | Yield 3 years | 3.27% | Growth 3 years | +62.25% | |
| Last dividend | Yield 5 years | 2.62% | Growth 5 years | +12.80% |
| Insider | Age | Since | Compensation |
|---|---|---|---|
| Eugene Lee (59) President, Chief Executive Officer, and Director since 2015 | 59 | 2015 | $8,688,710 |
| Eugene I. Lee Jr. (58) CEO and Chairman | 58 | $3,505,038 | |
| Ricardo Cardenas (52) Chief Financial Officer and Senior Vice President since 2016 | 52 | 2016 | $3,204,360 |
| Todd Burrowes (57) President - LongHorn Steakhouse since 2015 | 57 | 2015 | $2,719,630 |
| Daniel Kiernan (59) President - Olive Garden since 2018 | 59 | 2018 | $2,165,560 |
| Ricardo Cardenas (53) Pres and COO | 53 | $2,107,852 | |
| Matthew Broad (60) Senior Vice President, Chief Compliance Officer, General Counsel, and Corporate Secretary since 2015 | 60 | 2015 | $1,706,740 |
| Daniel J. Kiernan (60) Pres of Olive Garden | 60 | $1,604,697 | |
| Todd A. Burrowes (58) Pres of Longhorn Steakhouse | 58 | $1,594,457 | |
| John Melvin Martin (60) Pres of Specialty Restaurant Group | 60 | $1,579,558 | |
| Rajesh Vennam (46) Sr. VP, CFO, and Treasurer | 46 | $874,452 | |
| Charles Sonsteby (66) Independent Chairman of the Board since 2016 | 66 | 2016 | $331,235 |
| Cynthia Jamison (60) Independent Director since 2014 | 60 | 2014 | $271,883 |
| William Simon (60) Independent Director since 2014 | 60 | 2014 | $260,947 |
| James Fogarty (52) Independent Director since 2014 | 52 | 2014 | $255,482 |
| Margaret Atkins (63) Independent Director since 2014 | 63 | 2014 | $252,355 |
| Nana Mensah (68) Independent Director since 2016 | 68 | 2016 | $250,789 |
| Timothy Wilmott (62) Independent Director since 2018 | 62 | 2018 | $247,668 |
| Susan Connelly (49) Senior Vice President, Chief Communications, and Public Affairs Officer since 2019 | 49 | 2019 | |
| Richard Renninger (53) Senior Vice President and Chief Development Officer since 2016 | 53 | 2016 | |
| Douglas Milanes (57) Senior Vice President and Chief Supply Chain Officer since 2015 | 57 | 2015 | |
| John Madonna (44) Senior Vice President and Corporate Controller since 2016 | 44 | 2016 | |
| Sarah King (50) Chief Human Resource Officer and Senior Vice President since 2017 | 50 | 2017 | |
| Kevin Kalicak | |||
| Christopher Chang | |||
| John Rucker | |||
| Jon Norem | |||
| Kyle Holmes |
darden is a restaurant company featuring a portfolio of differentiated brands that include olive garden, longhorn steakhouse, cheddar's scratch kitchen, yard house, the capital grille, seasons 52, bahama breeze and eddie v's. our people equal our success, and we are proud to employ 165,000 team members in more than 1,600 restaurants. together, we create memorable experiences for 380 million guests each year in communities across north america.
- Consumer Discretionary > Restaurants
- Darden Restaurants, Inc., 1000 Darden Center Drive, Orlando 32837, United States
- 407 245 4000
- Investor relations
Dividends
| Ex-dividend date | N/A | Frequency | Quarterly | Annual dividend | +9.09% |
|---|---|---|---|---|---|
| Next dividend | N/A | Dividend yield | 3.41% | Growth period | 3 years |
| Last dividend date | Yield 3 years | 3.27% | Growth 3 years | +62.25% | |
| Last dividend | Yield 5 years | 2.62% | Growth 5 years | +12.80% |
Quarterly EPS estimates
Profit margin
Debt to assets
Cash flow
Balance sheet
XSLX
| (in millions USD) | 31 Mar 2024 | 31 Dec 2023 | |||
|---|---|---|---|---|---|
| Current assets | |||||
| Cash | $243.9 | $195.7 | |||
| Short term investments | |||||
| Net receivables | $72.2 | $80.3 | |||
| Inventory | $298.2 | $310.6 | |||
| Total current assets | $876.4 | $867.7 | |||
| Long term investments | |||||
| Property, plant & equipment | $7,596.2 | $7,583.2 | |||
| Goodwill & intangible assets | $2,545.8 | $2,540.9 | |||
| Total noncurrent assets | $10,481.8 | $10,454.4 | |||
| Total investments | |||||
| Total assets | $11,358.2 | $11,322.1 | |||
| Current liabilities | |||||
| Accounts payable | $406 | $423.9 | |||
| Deferred revenue | $626 | $547.3 | |||
| Short long term debt | $158.7 | $350 | |||
| Total current liabilities | $2,272.4 | $2,381.6 | |||
| Long term debt | $5,147.2 | $5,183.7 | |||
| Total noncurrent liabilities | $6,904.9 | $6,900.8 | |||
| Total debt | $5,305.9 | $5,533.7 | |||
| Total liabilities | $9,177.3 | $9,282.4 | |||
| Stockholders' equity | |||||
| Retained earnings | -$101.6 | -$228.5 | |||
| Other stockholder equity | $29.7 | $27.4 | |||
| Total stockholder equity | $2,180.9 | $2,039.7 | |||
| (in millions USD) | 2023 | 2022 | ||
|---|---|---|---|---|
| Current assets | ||||
| Cash | $367.8 | $420.6 | ||
| Short term investments | ||||
| Net receivables | $80.2 | $72 | ||
| Inventory | $287.9 | $270.6 | ||
| Total current assets | $997.7 | $1,179.4 | ||
| Long term investments | ||||
| Property, plant & equipment | $7,099 | $6,821.1 | ||
| Goodwill & intangible assets | $1,843.7 | $1,843.7 | ||
| Total noncurrent assets | $9,243.8 | $8,956.4 | ||
| Total investments | ||||
| Total assets | $10,241.5 | $10,135.8 | ||
| Current liabilities | ||||
| Accounts payable | $426.2 | $366.9 | ||
| Deferred revenue | $512 | $498 | ||
| Short long term debt | ||||
| Total current liabilities | $1,937.4 | $1,847.5 | ||
| Long term debt | $4,552.5 | $4,656.8 | ||
| Total noncurrent liabilities | $6,102.6 | $6,090.1 | ||
| Total debt | $4,552.5 | $4,656.8 | ||
| Total liabilities | $8,040 | $7,937.6 | ||
| Stockholders' equity | ||||
| Retained earnings | -$32.5 | -$25.9 | ||
| Other stockholder equity | $3.2 | -$1.9 | ||
| Total stockholder equity | $2,201.5 | $2,198.2 | ||
Income statement
| (in millions USD) | 31 Mar 2024 | 31 Dec 2023 | |||
|---|---|---|---|---|---|
| Revenue | |||||
| Total revenue | $2,974.8 | $2,727.3 | |||
| Cost of revenue | $2,329.2 | $2,177.1 | |||
| Gross profit | $645.6 | $550.2 | |||
| Operating activities | |||||
| Research & development | |||||
| Selling, general & administrative | $139.9 | $151.7 | |||
| Total operating expenses | $258.2 | $271.7 | |||
| Operating income | $387.4 | $278.5 | |||
| Income from continuing operations | |||||
| EBIT | $386.9 | $278.3 | |||
| Income tax expense | $37.5 | $29.1 | |||
| Interest expense | $36.5 | $37.1 | |||
| Net income | |||||
| Net income | $312.9 | $212.1 | |||
| Income (for common shares) | $312.9 | $212.1 | |||
| (in millions USD) | 2023 | 2022 | ||
|---|---|---|---|---|
| Revenue | ||||
| Total revenue | $10,487.8 | $9,630 | ||
| Cost of revenue | $8,404.4 | $7,635 | ||
| Gross profit | $2,083.4 | $1,995 | ||
| Operating activities | ||||
| Research & development | ||||
| Selling, general & administrative | $504.4 | $466.4 | ||
| Total operating expenses | $881.6 | $832.8 | ||
| Operating income | $1,201.8 | $1,162.2 | ||
| Income from continuing operations | ||||
| EBIT | $1,200.2 | $1,160.3 | ||
| Income tax expense | $137 | $138.8 | ||
| Interest expense | $81.3 | $68.7 | ||
| Net income | ||||
| Net income | $981.9 | $952.8 | ||
| Income (for common shares) | $981.9 | $952.8 | ||
Cash flows
| (in millions USD) | 31 Mar 2024 | 31 Dec 2023 | |||
|---|---|---|---|---|---|
| Net income | $312.9 | $212.1 | |||
| Operating activities | |||||
| Depreciation | $117.9 | $112.5 | |||
| Business acquisitions & disposals | |||||
| Stock-based compensation | $14 | $13.5 | |||
| Total cash flows from operations | $576.5 | $340.8 | |||
| Investing activities | |||||
| Capital expenditures | -$148.4 | -$161.1 | |||
| Investments | |||||
| Total cash flows from investing | -$153.1 | -$168.7 | |||
| Financing activities | |||||
| Dividends paid | -$156.4 | -$157.2 | |||
| Sale and purchase of stock | -$21.6 | -$177.4 | |||
| Net borrowings | -$197.2 | $139.7 | |||
| Total cash flows from financing | -$375.2 | -$192.7 | |||
| Effect of exchange rate | |||||
| Change in cash and equivalents | $48.2 | -$20.6 | |||
| (in millions USD) | 2023 | 2022 | ||
|---|---|---|---|---|
| Net income | $981.9 | $952.8 | ||
| Operating activities | ||||
| Depreciation | $387.8 | $368.4 | ||
| Business acquisitions & disposals | ||||
| Stock-based compensation | $67.5 | $60.5 | ||
| Total cash flows from operations | $1,545.6 | $1,256.1 | ||
| Investing activities | ||||
| Capital expenditures | -$539.5 | -$366.8 | ||
| Investments | ||||
| Total cash flows from investing | -$568.4 | -$389 | ||
| Financing activities | ||||
| Dividends paid | -$589.8 | -$563 | ||
| Sale and purchase of stock | -$423.3 | -$1,031.1 | ||
| Net borrowings | -$19.8 | -$12.9 | ||
| Total cash flows from financing | -$1,033.1 | -$1,609.7 | ||
| Effect of exchange rate | ||||
| Change in cash and equivalents | -$55.9 | -$742.6 | ||
Recent institutional transactions
| Quarter | Shareholder | Change |
Shares owned
Shares
|
Value (in thousands USD) |
|---|---|---|---|---|
| 2024 Q1 | Victory Capital Management Inc |
+33.19%
|
3,040,578 | $508,232,613 |
| 2024 Q1 | Hamlin Capital Management |
Opened
|
697,987 | $116,668,527 |
| 2024 Q1 | Arrowstreet Capital, Limited Partnership |
-36.67%
|
830,601 | $138,835 |
| 2024 Q1 | Nuveen Asset Management |
+127.44%
|
847,255 | $141,618,673 |
| 2024 Q1 | Westwood Holdings Group Inc |
Opened
|
436,139 | $72,901 |
| 2024 Q1 | Qube Research & Technologies Ltd |
-87.44%
|
59,733 | $9,984,371 |
| 2024 Q1 | Goldman Sachs Group Inc |
+66.68%
|
1,029,323 | $172,051,432 |
| 2024 Q1 | Massachusetts Financial Services Co MA/ |
Opened
|
406,300 | $67,913,045 |
| 2024 Q1 | American Century Companies Inc |
+207.54%
|
555,440 | $92,841,858 |
| 2024 Q1 | Woodley Farra Manion Portfolio Management Inc |
Opened
|
361,448 | $60,416,012 |
Institutional shareholders
| Shareholder | Stake |
Shares owned
Shares
|
Value (in thousands USD) |
|---|---|---|---|
| Capital World Investors | 13.77% | 16,434,064 | |
| Vanguard Group Inc | 11.79% | 14,077,546 | |
| Capital International Investors | 9.87% | 11,784,700 | |
| Blackrock | 6.90% | 8,238,495 | |
| State Street Corp | 3.96% | 4,725,438 | |
| Victory Capital Management Inc | 2.55% | 3,040,578 | |
| Geode Capital Management | 2.22% | 2,645,566 | |
| Charles Schwab Investment Management Inc | 2.15% | 2,569,729 | |
| Raymond James & Associates | 1.85% | 2,202,711 | |
| Morgan Stanley | 1.73% | 2,069,705 |
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