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DRI Buyback image

Darden Restaurants, Inc. Buyback

OLI recorded this information on 7/31/2014

Company: Darden Restaurants, Inc.
Buyback: DRI buyback
$Amount Announced Repurchased: $500,000,000
Buyback Details: Darden Restaurants, Inc. (NYSE: DRI) today announced that it has entered into agreements with each of Goldman, Sachs & Co. and Wells Fargo Bank, National Association (each, a "Dealer") to repurchase an aggregate of $500 million of the Company's common stock under an accelerated stock buyback program (the "ASB transactions"). A portion of the proceeds from the Company's recently completed Red Lobster transaction will be used to fund the ASB transactions.

Darden Restaurants is a restaurant company. Co. owns and operates restaurants through its subsidiaries in the U.S. and Canada under several trademarks. Co. has four reportable segments: Olive Garden, which is a dining Italian restaurant operator; LongHorn Steakhouse, which is a steakhouse restaurant brand with locations primarily in the eastern U.S.; Fine Dining, which includes The Capital Grille and Eddie V's, both are fine dining restaurant brands with locations in main metropolitan cities in the U.S.; and Other Business, which includes the following restaurant brands, Cheddar's Scratch Kitchen, Yard House, Bahama Breeze, Seasons 52, and The Capital Burger.

Darden Restaurants SEC Filing Email Alerts Service

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DRI — Key Stats (updated 14 hours, 18 minutes ago)
Company Name:  Darden Restaurants, Inc.
Stock buyback:  DRI buyback
Website:  www.darden.com
Sector:  Hotels, Lodging, Restaurants & Travel
Number of ETFs Holding DRI:  102
Total Market Value Held by ETFs:  $2.95B
Total Market Capitalization:  $18.21B
% of Market Cap. Held by ETFs:  16.22%
 

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April 24, 2024  •  12:57 AM Eastern
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Avg. Broker Rec.

Buy (3.29 out of 4)
45th percentile
(ranked lower than approx. 55% of all stocks covered)

Analysts' Target Price:
DRI Stock Forecast

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