NYSE · DRI
Darden Restaurants, Inc.
Consumer Cyclical · Restaurants
$213.25▲ 0.40% ($0.85)today
As of 4:00 PM ET
Market cap
$24.13B
P/E
20.63
EPS (TTM)
$10.33
Next earnings
Valuation
Cash-flow DCF
Verdict: fairly priced. Price above Base.
The price needs 10.3% free cash flow growth a year for 5 years. Our scenarios assume −9.3–20.7%.
That's 1.8× its past 10-year pace.
Value per share
Base case
$170.91
Price used $213.25 is 25% above this
USD · TTM ending Aug 30, 2026 · Price Oct 26, 8:00 PM UTC
Interest expense not reported — cost of debt may be understated.
2 more notes
Cost of debt uses interest expense for the fiscal year ending 2026-05-31: the trailing twelve months of interest expense could not be summed because a quarter was missing or unusable in the data.
Reported total debt includes capitalised leases (~61% of the total). They are excluded from net debt and from the WACC weights because rent is already charged inside operating income. The Net Debt shown here is therefore lower than the balance-sheet figure elsewhere on this page.
Free cash flow each value needs
Free cash flow today $839M. The price needs $1.6B by 2036. Base case: $1.3B. At its recent pace: $1.5B. Bear to Bull: $611M to $3.7B.
Free cash flow today $839M. The price needs $1.6B by 2036. Base case: $1.3B. At its recent pace: $1.5B. Bear to Bull: $611M to $3.7B.
Free cash flow in 2036
today $839M
+$314Mmore than the Base case · 1.2×
Value per share · Base case
$170.91
Price $213.25
25% above this
- Stage 1 growth, yrs 1–5
- 5.7%
- Stage 2 growth, yrs 6–10
- 3.5%
- Discount rate
- 7.5%
Interest expense not reported — cost of debt may be understated.
2 more notes
Cost of debt uses interest expense for the fiscal year ending 2026-05-31: the trailing twelve months of interest expense could not be summed because a quarter was missing or unusable in the data.
Reported total debt includes capitalised leases (~61% of the total). They are excluded from net debt and from the WACC weights because rent is already charged inside operating income. The Net Debt shown here is therefore lower than the balance-sheet figure elsewhere on this page.
USD · TTM ending Aug 30, 2026 · Price Oct 26, 8:00 PM UTC
What each scenario assumes. Click a column to start from it.
Price vs Fundamentals
Why The Stock Is Moving
What changed
The stock rose 16.13% over the last year. Revenue grew 8.1% over the trailing twelve months. Operating margin moved from 11.29% to 12.14%. Free cash flow declined 1.9% over the trailing twelve months.
What the market seems to be pricing
The stock is trading toward the richer end of its historical P/FCF range (80th percentile) while business metrics are improving. More of the upside is already embedded in the multiple now.
What would invalidate this read
Operating margin is at 12.14% — continued expansion would be needed to justify the premium. Revenue growth of 8.1% is encouraging, but any deceleration puts the stretched multiple at risk. This read changes if revenue, margins, and cash flow continue to improve faster than expected — in that case the richer multiple could still prove conservative.
Return analysis
Company profile
Darden Restaurants, Inc., through its various subsidiaries, focuses on the ownership and operation of full-service dining establishments across both the United States and Canada.
Market multiples
Stock splits
Every 8939 shares became 10000
Every 2 shares became 3
Profitability & growth
Analyst consensus
39
Buy
20
Hold
1
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Actuals vs estimates by quarter, or any quarter against the same one a year earlier.
Next report
Dec 17, 2026
Q2 FY27 · EPS est $2.28 · Revenue est $3.3B
Same quarter, year over year
FY27 YTD +4.1%Each cell vs the same quarter a year earlier (the cell below) · Q1 combined $2.05 vs $1.97 · up year over year
Q1
Q2
Q3
Q4
FY total
FY27
—
—
—
FY26
FY25
FY24
—
—
Fiscal year totals
- FY26
- $10.66
- +11.5%
- FY25
- $9.56
- —
Q1 FY27
Reported Sep 24, 2026 · Latest
HoverTap a cell to inspect
Actual
$2.05
Estimate
$2.05
Year over year
+4.1%
Vs prior quarter
-44.0%
Institutional Sentiment
Darden Restaurants, Inc. · DRI
From Form 13F filings (managers with $100M+). Filings land up to 45 days after quarter end — read this as positioning context, not live fund flow.