DRI Stock Summary and Trading Ideas (Darden Restaurants | NYSE:DRI)

Darden Restaurants is the largest restaurant operator in the U.S. full-service space, with consolidated revenue of $10.5 billion in fiscal 2023 resulting in 3%-4% full-service market share (per NRA data and our calculations). The company maintains a portfolio of 10 restaurant brands: Olive Garden, LongHorn Steakhouse, Cheddar's Scratch Kitchen, Ruth's Chris, Yard House, The Capital Grille, Seasons 52, Eddie V's, Bahama Breeze, and The Capital Burger. Darden generates revenue almost exclusively from company-owned restaurants, though a small network of franchised restaurants and consumer-packaged goods sales through the traditional grocery channel contribute modestly. As of the end of its fiscal 2023, the company operated 1,914 restaurants in the U.S.

Darden Restaurants trades on the NYSE stock market under the symbol DRI.

As of April 25, 2024, DRI stock price declined to $156.54 with 1,126,773 million shares trading.

DRI has a beta of 0.78, meaning it tends to be less sensitive to market movements. DRI has a correlation of 0.22 to the broad based SPY ETF.

DRI has a market cap of $20.40 billion. This is considered a Large Cap stock.

Last quarter Darden Restaurants reported $3 billion in Revenue and $2.62 earnings per share. This fell short of revenue expectation by $-45 million and met earnings estimates .

In the last 3 years, DRI stock traded as high as $176.84 and as low as $110.96.

The top ETF exchange traded funds that DRI belongs to (by Net Assets): VTI, VOO, VO, SCHD, SPY.

DRI has underperformed the market in the last year with a return of +8.4%, while the SPY ETF gained +23.6%. In the last 3 month period, DRI fell short of the market, returning -2.4%, while SPY returned +4.1%. However, in the most recent 2 weeks DRI has outperformed the stock market by returning +0.4%, while SPY returned -2.1%.

DRI support price is $154.75 and resistance is $158.47 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that DRI stock will trade within this expected range on the day.