Darden Restaurants Inc (DRI.N)

DRI.N on New York Stock Exchange

69.42USD
30 Mar 2015
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DRI.N

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About

Darden Restaurants, Inc. is a full service restaurant company. The Company owns and operates more than 1,500 restaurants. The Company's restaurant brands include Olive Garden, LongHorn Steakhouse, Bahama Breeze, Seasons 52, The Capital Grille, Eddie V's Prime Seafood, Wildfish Seafood Grill and Yard House. Through subsidiaries,... (more)

Overall

Beta: 0.67
Market Cap(Mil.): $8,611.27
Shares Outstanding(Mil.): 124.05
Dividend: 0.55
Yield (%): 3.17

Financials

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UPDATE 4-Darden seeks property deals, Olive Garden turnaround

March 20 - Darden Restaurants Inc said on Friday it was seeking to "create value" from its real estate, as management installed after last year's activist investor-led coup reported continued traffic declines at its flagship Olive Garden chain.

21 Mar 2015

CORRECTED-UPDATE 3-Darden seeks property deals, Olive Garden turnaround

March 20 - Darden Restaurants Inc said on Friday it was looking for ways to "create value" from its real estate, as management installed after last year's activist investor-led coup reported continued traffic declines at its flagship Olive Garden chain.

21 Mar 2015

BRIEF-Olive Garden parent Darden says exploring all real estate options

LOS ANGELES, March 20 - * Darden Restaurants Inc exploring options for real estate, including sale and leaseback deals * Darden says has secured letters of intent or contracts on the majority of 31 listed properties at cap rates well below 6 percent * Darden has listed its Orlando, Florida, headquarters, options include sale and leaseback * Darden says real estate proceeds will be used to repay debt and improve credit profile * Darden says has identified $90-$100 mln of potential cost

20 Mar 2015

UPDATE 1-Darden interim CEO Eugene Lee to take over top job

Feb 23 - Darden Restaurants Inc, the parent of Olive Garden and LongHorn Steakhouse chains, said interim Chief Executive Eugene Lee would take over the job permanently, effective immediately.

23 Feb 2015

Darden Restaurants names Eugene Lee as CEO

Feb 23 - Darden Restaurants Inc, the parent of Olive Garden and LongHorn Steakhouse chains, said interim Chief Executive Eugene Lee would take over the job permanently, effective immediately.

23 Feb 2015

UPDATE 2-Starboard intervention helps boost Darden sales

* Q2 adj earnings/shr $0.28 vs. Est. $0.27 (Adds details from conference call, share milestone)

17 Dec 2014

Darden sales rise on growing demand at Olive Garden

Dec 16 - Darden Restaurants Inc reported a 4.9 percent rise in quarterly sales as demand rose at its flagship Olive Garden chain.

17 Dec 2014

Starboard-controlled Darden board scraps poison pill

Nov 13 - Darden Restaurants Inc said it would revise management pay, ditch its poison pill and make it easier for shareholders to call special meetings as activist investor Starboard Value LP puts its stamp on the owner of the Olive Garden restaurant chain.

13 Nov 2014

UPDATE 1-Barington Capital seeks new board members at Ebix

Nov 11 - Ebix Inc shareholder Barington Capital Group said the insurance software maker needs new independent directors to improve oversight and suggested four candidates.

11 Nov 2014

Fitch Solutions: Management Shakeups Drive Darden's CDS Out 47%

(The following statement was released by the rating agency) NEW YORK, October 21 (Fitch) Recent managerial changes at Darden Restaurants have sent the company's credit default swap (CDS) spreads to levels not seen in over a year, according to Fitch Solutions in its latest CDS case study snapshot. Five-year CDS on Darden have widened 47% over the past month. After pricing historically at 'BB+' levels, credit protection on Darden's debt is now pricing a notch lower in 'BB' territory. Increas

21 Oct 2014

Earnings vs. Estimates

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