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DRI

Darden Restaurants Inc

NYSE: DRI · CONSUMER CYCLICAL · RESTAURANTS

$196.29
-0.11% today

Updated 2026-04-29

Market cap
$22.48B
P/E ratio
20.68
P/S ratio
1.76x
EPS (TTM)
$9.49
Dividend yield
3.00%
52W range
$166 – $221
Volume
1.4M
OverviewPrice TargetsFinancialsValuationInsidersEarnings

Darden Restaurants Inc (DRI) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

Price target summary

Current
$196.29
Consensus
$226.50
+15.39%
2030 Target
$1,649.17
+740.17%
DCF
$128.62
-65.44% MoS
25 analysts:
8 Buy9 Hold1 Sell

Management guidance

Darden provided FY2026 sales growth guidance of approximately 9.5% including 4.5% same-restaurant sales growth. For Q4 FY2026, management guided 13-14.5% sales growth. Management is executing portfolio optimization (closing Bahama Breeze, converting 14 locations to other brands, opening ~70 new restaurants in FY2026) with focus on Olive Garden and LongHorn Steakhouse momentum.

Sources: Management guidance, analyst consensus, sector analysishigh confidence

Revenue & price projection

Actual revenue Projected revenue Base case Bull to bear range
Bull case (2030)
$2,748.62
$15.8B Rev × 20x P/S
Base case (2030)
$1,649.17
$15.8B Rev × 12x P/S
Bear case (2030)
$1,099.45
$15.8B Rev × 8x P/S

Financial forecast — research-backed

Metric2023202420252026 (E)2028 (E)2029 (E)2030 (E)
Revenue$10.5B$11.4B$12.1B$13.3B$14.4B$15.1B$15.8B
Revenue growth—8.6%6.0%10.1%4.4%4.6%4.6%
EPS—$8.89$4.05$10.69$12.15$12.85$13.60
P/S ratio———12.0x12.0x12.0x12.0x
Implied price———$1,393.94$1,511.74$1,570.64$1,649.17

Catalysts & risks

Growth catalysts
+ LongHorn Steakhouse accelerating momentum and market share gains
+ Olive Garden menu innovation and operational efficiency driving same-store sales
+ Portfolio optimization (Bahama Breeze closure, conversion of 14 units to higher-performing brands)
+ Expansion of ~70 new restaurant units in FY2026
+ Chuy's acquisition integration and contribution to growth
+ Strong casual dining category performance with broader consumer resilience
+ Capital return program (dividends + buybacks) supporting EPS accretion
Key risks
- Macroeconomic slowdown reducing guest traffic and traffic-sensitive segments
- Commodity price inflation (beef, labor costs) pressuring margins
- Rising operating costs and wage inflation in restaurant sector
- Consumer spending headwinds from GLP-1 drug adoption reducing food consumption
- Competitive intensity in casual dining from QSR and fine dining segments
- Portfolio restructuring execution risk (brand conversions, closures)
- Softer guest counts reported in recent quarters despite positive comps

Methodology

Darden Restaurants Inc's forward estimates are derived from AI-powered research synthesis combining analyst consensus from 25 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts from industry research. Revenue and EPS projections use analyst consensus where available and conservative extrapolation with growth deceleration for outer years. Price targets are calculated using a tiered Price-to-Sales (P/S) methodology, where the P/S multiple is determined by the projected revenue growth rate.

WallStSmart proprietary research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 7, 2026.