Seeking Alpha

Darden Restaurants in focus

  • Shares of Darden Restaurants (DRI) are higher in early trading after Starboard discloses a 5.6% stake.
  • Reaction: Restaurant industry analysts for the most part agree with the direction activist investors are taking in pushing Darden to do more than just spin off Red Lobster. The buzz from the company's headquarters in Orlando isn't that optimistic. Employees are reportedly "devastated" with the restaurant operator's direction and see a major brain drain as a very realistic possibility.
  • DRI +2.6% premarket to $52.40.
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