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With a market cap of around $25.1 billion, Darden Restaurants, Inc. (DRI) is one of the largest full-service restaurant operators in the United States, best known for brands such as Olive Garden, LongHorn Steakhouse, Cheddar’s Scratch Kitchen, Yard House, and The Capital Grille. Headquartered in Orlando, Florida, the company operates and franchises hundreds of locations across North America.
DRI stock has risen 7.6% over the past year, lagging the broader S&P 500 Index ($SPX) has rallied 14.4%. However, shares of DRI are up 14.3% on a YTD basis, exceeding SPX’s 1.4% gain.