Darden Restaurants
About: Darden Restaurants is the largest restaurant operator in the US full-service space, with consolidated revenue of $11.4 billion in fiscal 2024 resulting in 3%-4% full-service market share (per NRA data and our calculations). The company maintains a portfolio of 11 restaurant brands: Olive Garden, LongHorn Steakhouse, Cheddar's Scratch Kitchen, Ruth's Chris, Yard House, The Capital Grille, Seasons 52, Eddie V's, Bahama Breeze, The Capital Burger, and most recently, Chuy's. Darden generates revenue almost exclusively from company-owned restaurants, though a small network of franchised restaurants and consumer-packaged goods sales through the traditional grocery channel contribute modestly. As of the end of its fiscal 2024, the company operated 2,031 restaurants in the US.
Employees: 187,384
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
96% more first-time investments, than exits
New positions opened: 145 | Existing positions closed: 74
33% more funds holding in top 10
Funds holding in top 10: 6 [Q4 2024] → 8 (+2) [Q1 2025]
11% more repeat investments, than reductions
Existing positions increased: 351 | Existing positions reduced: 315
9% more capital invested
Capital invested by funds: $20.9B [Q4 2024] → $22.8B (+$1.87B) [Q1 2025]
6% more funds holding
Funds holding: 932 [Q4 2024] → 990 (+58) [Q1 2025]
1.7% less ownership
Funds ownership: 95.34% [Q4 2024] → 93.64% (-1.7%) [Q1 2025]
11% less call options, than puts
Call options by funds: $322M | Put options by funds: $363M
Research analyst outlook
17 Wall Street Analysts provided 1 year price targets over the past 3 months
17 analyst ratings
Jefferies Andy Barish | 3%downside $210 | Hold Upgraded | 13 Jun 2025 |
Stephens & Co. Jim Salera | 8%downside $200 | Equal-Weight Maintained | 12 Jun 2025 |
Keybanc Eric Gonzalez | 6%upside $230 | Overweight Maintained | 6 Jun 2025 |
Baird David Tarantino | 12%downside $192 | Neutral Maintained | 7 Apr 2025 |
Guggenheim Greg Francfort | 1%upside $220 | Buy Maintained | 24 Mar 2025 |
Financial journalist opinion
Based on 6 articles about DRI published over the past 30 days









