Darden Restaurants Inc (DRI.N)
7 Mar 2014
|Market Cap (Mil.):||$6,556.65|
|Shares Outstanding (Mil.):||131.26|
* Analyst-investor meeting was slated for March 28 in New York
LOS ANGELES, March 5 - Darden Restaurants Inc has canceled its analyst and investor meeting slated for later this month as two activist shareholders lobby for bolder steps to improve performance at its restaurant chains, ranging from Olive Garden to Capital Grille.
- The activist investor seeking to split Darden Restaurants Inc into two companies said on Monday it has lost confidence in its chief executive's ability to run the company.
(Recasts throughout; adds Barington Capital comment, Starboard action)
March 3 - Olive Garden owner Darden Restaurants Inc estimated third-quarter profit below analysts' expectations, blaming severe winter weather for lower sales.
- Darden Restaurants Inc's plan to spin off its Red Lobster chain should be put to a shareholder vote, activist hedge fund Starboard Value LP said, drawing support from at least one other investor.
Feb 24 - Darden Restaurants Inc's plan to spin off its Red Lobster chain should be put to a shareholder vote, activist hedge fund Starboard Value LP said, drawing support from at least one other investor.
Feb 24 - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.
Feb 24 - Activist hedge fund Starboard Value LP wants to put to shareholder vote Darden Restaurants Inc's plan to spin off its Red Lobster chain, the Wall Street Journal reported, citing a letter Starboard plans to send to shareholders on Monday.
Jan 30 - Barington Capital Group called on Darden Restaurants Inc's directors to split the chairman and chief executive roles as the activist investor lobbies for what it calls value-creating changes at the parent of Olive Garden and Red Lobster.
|Brinker International, Inc. (EAT.N)||$53.24||-0.34|
|Bob Evans Farms Inc (BOBE.OQ)||$49.24||+0.90|
|Cracker Barrel Old Country Store, Inc. (CBRL.OQ)||$99.93||+1.21|
|Jack in the Box Inc. (JACK.OQ)||$59.45||+0.78|
|Chipotle Mexican Grill, Inc. (CMG.N)||$593.41||+0.14|
|Chipotle Mexican Grill, Inc. (CMGb.N)||--||--|
|The Cheesecake Factory Incorporated (CAKE.OQ)||$48.58||+0.39|
|DineEquity Inc (DIN.N)||$84.10||+0.38|