Darden Restaurants (DRI)

Company Profile

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.

Company profile

Ticker

DRI

Exchange

NYSE

Website

www.darden.com

CEO

Eugene Lee

Incorporated

Florida

Location

Florida

Fiscal year end

May 28

Sector

Accommodation and Food Services > Food Service Contractors

Industry (SIC)

Retail - Eating Places

McDonald`s • Aramark • Yum Brands • Restaurant Brands International • Restaurant Brands International Limited Partnership • Yum China • Bloomin Brands • Dine Brands Global • Arcos Dorados • Chipotle Mexican Grill ...

SEC CIK

0000940944

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

1.Cheddar’s Casual Cafe, Inc. • 2.Cheddar’s Restaurant Holding Corp. • 3.GMRI, Inc. • 4.N and D Restaurants, LLC • 5.Olive Garden of Texas, LLC • 6.RARE Hospitality International, Inc. • 7.Yard House USA, Inc. • 8.Bahama Breeze Holdings, LLC • 9.Capital Grille Holdings, Inc. • 10.Darden Corporation ...

IRS number

593305930

DRI stock data

1M 1Y 5Y

Analyst ratings and price targets

Last 3 months

Average target

$165.92

Low target

$150.00

High target

$185.00

Latest filings (excl ownership)

View all

8-K

Entry into a Material Definitive Agreement

1 Jun 23

SC TO-T/A

Third party tender offer statement (amended)

31 May 23

SC TO-T

Third party tender offer statement

16 May 23

SC TO-C

Information about tender offer

4 May 23

SC TO-C

Information about tender offer

3 May 23

SC TO-C

Information about tender offer

3 May 23

8-K

Darden Restaurants to Acquire Ruth’s Hospitality Group in $715 Million Transaction

4 Apr 23

And Updates Fiscal 2023 Financial Outlook

4 Jan 23

Transcripts

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DRI

Earnings call transcript

2023 Q3

23 Mar 23

DRI

Earnings call transcript

2023 Q2

16 Dec 22

DRI

Earnings call transcript

2023 Q1

23 Sep 22

DRI

Earnings call transcript

2022 Q4

23 Jun 22

DRI

Earnings call transcript

2022 Q3

24 Mar 22

DRI

Earnings call transcript

2022 Q2

17 Dec 21

DRI

Earnings call transcript

2022 Q1

23 Sep 21

DRI

Earnings call transcript

2021 Q4

24 Jun 21

DRI

Earnings call transcript

2021 Q3

25 Mar 21

DRI

Earnings call transcript

2021 Q2

18 Dec 20

Latest ownership filings

View all

Financial summary

Financial statements Chart DRI financial data

Quarter (USD)	Feb 23	Nov 22	Aug 22	May 22
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	May 22	May 21	May 20	May 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	334.90 mm	334.90 mm	334.90 mm	334.90 mm	334.90 mm	334.90 mm
Cash burn (monthly)	(no burn)	22.66 mm	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	n/a	76.23 mm	n/a	n/a	n/a	n/a
Cash remaining	n/a	258.67 mm	n/a	n/a	n/a	n/a
Runway (months of cash)	n/a	11.4	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q1 2023

DRI institutional ownership history Ownership history

93.5% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	811	790	+2.7%
Opened positions	105	150	-30.0%
Closed positions	84	66	+27.3%
Increased positions	303	276	+9.8%
Reduced positions	250	223	+12.1%

13F shares	Current	Prev Q	Change
Total value	17.24 tn	15.04 tn	+14.6%
Total shares	113.04 mm	109.05 mm	+3.7%
Total puts	1.08 mm	1.24 mm	-12.9%
Total calls	750.20 k	1.22 mm	-38.5%
Total put/call ratio	1.4	1.0	+41.5%

Largest owners	Shares	Value	Change
Vanguard	14.31 mm	$2.22 tn	+0.4%
Capital World Investors	13.32 mm	$2.07 tn	-0.5%
Capital International Investors	12.64 mm	$1.96 tn	-7.6%
BLK Blackrock	8.90 mm	$1.38 tn	+5.4%
STT State Street	5.56 mm	$862.59 bn	-0.7%
Geode Capital Management	2.56 mm	$396.53 bn	+2.2%
Charles Schwab Investment Management	2.43 mm	$376.81 bn	+274.2%
Victory Capital Management	2.22 mm	$344.00 bn	+43.1%
Newport Trust	2.10 mm	$325.13 bn	-1.7%
Wellington Management	1.97 mm	$305.82 bn	-5.1%

Largest transactions	Shares	Bought/sold	Change
Charles Schwab Investment Management	2.43 mm	+1.78 mm	+274.2%
Envestnet Asset Management	1.81 mm	+1.55 mm	+594.0%
Capital International Investors	12.64 mm	-1.04 mm	-7.6%
Amundi	714.65 k	-765.94 k	-51.7%
Congress Asset Management	1.38 mm	+746.32 k	+117.5%
Citadel Advisors	85.81 k	-743.48 k	-89.7%
Victory Capital Management	2.22 mm	+667.54 k	+43.1%
Holocene Advisors	0.00	-592.52 k	EXIT
Marshall Wace	730.35 k	+468.87 k	+179.3%
Squarepoint Ops	464.25 k	+464.25 k	NEW

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

DRI insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
28 May 23	Juliana L Chugg	RSU Common Stock	Grant	Acquire A	No	No	0	189	0.00	1,025
28 May 23	Wilmott Timothy J	RSU Common Stock	Grant	Acquire A	No	No	0	178	0.00	4,024
28 May 23	Sonsteby Charles M	RSU Common Stock	Grant	Acquire A	No	No	0	40	0.00	332
5 May 23	King Sarah H.	Common Stock	Gift	Dispose G	No	No	0	328	0.00	938.369
28 Apr 23	Melvin John Martin	Common Stock	Payment of exercise	Dispose F	No	No	151.93	1,270	192.95 k	16,354.746
28 Apr 23	Melvin John Martin	Common Stock	Option exercise	Acquire M	No	No	0	5,212	0.00	17,624.746
28 Apr 23	Melvin John Martin	RSU Common Stock	Option exercise	Dispose M	No	No	0	5,212	0.00	0
28 Apr 23	Melvin John Martin	RSU Common Stock	Grant	Acquire A	No	No	0	5,212	0.00	5,212