Darden Restaurants Inc (DRI.N)

DRI.N on New York Stock Exchange

55.85USD
21 Nov 2014
Price Change (% chg)

$0.06 (+0.11%)
Prev Close
$55.79
Open
$56.28
Day's High
$56.30
Day's Low
$55.81
Volume
291,644
Avg. Vol
450,493
52-wk High
$56.83
52-wk Low
$43.56

DRI.N

Chart for DRI.N

About

Darden Restaurants, Inc. is 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 and Yard House. In July 2014, Golden Gate Capital acquired the Red Lobster... (more)

Overall

Beta: 0.73
Market Cap (Mil.): $7,400.40
Shares Outstanding (Mil.): 132.65
Dividend: 0.55
Yield (%): 3.94

Financials

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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

Darden gets new management; no salted pasta water yet

- Darden Restaurants Inc on Tuesday announced new leadership following a board coup by activist investor Starboard Value LP, whose recipe for fixing the company's ailing Olive Garden chain included salting pasta water, doling out fewer free breadsticks and pushing more wine.

14 Oct 2014

UPDATE 2-Darden gets new management; no salted pasta water yet

Oct 14 - Darden Restaurants Inc on Tuesday announced new leadership following a board coup by activist investor Starboard Value LP, whose recipe for fixing the company's ailing Olive Garden chain included salting pasta water, doling out fewer free breadsticks and pushing more wine.

14 Oct 2014

Darden Restaurants names Gene Lee interim CEO

Oct 14 - Darden Restaurants Inc said Chief Operating Officer Gene Lee would take over as its interim chief executive, replacing Clarence Otis.

14 Oct 2014

Darden activist ousts Olive Garden owner's full board

ORLANDO/LOS ANGELES - Activist shareholder Starboard Value LP won its standoff with Darden Restaurants Inc , convincing shareholders to replace the entire board of the Olive Garden parent, a rare victory for dissident investors.

11 Oct 2014

UPDATE 4-Darden activist ousts Olive Garden owner's full board

ORLANDO/LOS ANGELES, Oct 10 - Activist shareholder Starboard Value LP won its standoff with Darden Restaurants Inc , convincing shareholders to replace the entire board of the Olive Garden parent, a rare victory for dissident investors.

11 Oct 2014

Deals of the day- Mergers and acquisitions

(Adds Darden Restaurants, Fidelity, Lanco Infratech, Twenty-First Century Fox, Reliance Industries, Unicredit and Tieto)

11 Oct 2014

Darden investors elect starboard's full slate of board nominees

Oct 10 - Darden Restaurants Inc investors elect Starboard's full slate of 12 board nominees. Darden had nominated eight directors, including four incumbents. (Reporting by Lisa Baertlein in Los Angeles)

10 Oct 2014

Earnings vs. Estimates

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