• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • AI Executive AssistantNEW
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • AI Executive AssistantNEW
  • Settings
  • RSS Feeds
PublishGo to AppAI Helper
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlertsPublish with Us
    Company
    AboutQuantisnow PlusContactJobsAI employees for your businessNEW
    Legal
    Terms of usePrivacy policyCookie policy

    Darden Restaurants to Acquire Chuy's Holdings, Inc. in Approximately $605 Million Transaction

    7/17/24 4:05:00 PM ET
    $CHUY
    $DRI
    Restaurants
    Consumer Discretionary
    Restaurants
    Consumer Discretionary
    Get the next $CHUY alert in real time by email

    ORLANDO, Fla. and AUSTIN, Texas, July 17, 2024 /PRNewswire/ -- Darden Restaurants, Inc. ("Darden") (NYSE:DRI) and Chuy's Holdings, Inc. ("Chuy's") (NASDAQ:CHUY), jointly announced today that they have entered into a definitive agreement pursuant to which Darden will acquire all of the outstanding shares of Chuy's for $37.50 per share, in an all-cash transaction with an enterprise value of approximately $605 million. Chuy's will complement Darden's portfolio of iconic brands, which currently includes Olive Garden, LongHorn Steakhouse, Yard House, Ruth's Chris Steak House, Cheddar's Scratch Kitchen, The Capital Grille, Seasons 52, Eddie V's and Bahama Breeze.

    Founded in Austin, Texas, in 1982, Chuy's owns and operates full-service restaurants serving a distinct menu of authentic, made-from-scratch Tex-Mex inspired dishes. Chuy's highly flavorful and freshly prepared fare is served in a fun, eclectic and irreverent atmosphere, while each location offers a unique, "unchained" look and feel, as expressed by Chuy's motto "If you've seen one Chuy's, you've seen one Chuy's!" Chuy's had 101 restaurants in 15 states as of July 16, 2024, and in the latest twelve months ending March 31, 2024 generated total revenues over $450 million, and average annual restaurant volumes of $4.5 million.

    "Chuy's is a differentiated brand within the full-service dining industry with strong performance and growth potential," said Darden President and CEO Rick Cardenas. "Based on our criteria for adding a brand to the Darden portfolio, we believe Chuy's is an excellent fit that supports our winning strategy. I am excited to welcome their 7,400 team members to Darden and diversify the Darden portfolio into a new dining category."

    Steven Hislop, Chairman, CEO and President of Chuy's, stated, "We are excited about the opportunity to join the Darden family and its portfolio of well-respected brands. Darden shares many of our same core values, particularly our operating philosophy and strong team member cultures. Together we will accelerate our business goals and bring our authentic, made-from-scratch Tex-Mex to more guests and communities."

    Highlights

    • Darden has agreed to acquire Chuy's for $37.50 per share in cash, with a total transaction enterprise value of approximately $605 million, a 40% premium to the 60-day volume weighted average price.
    • Purchase price represents a 10.3x implied multiple of Chuy's latest twelve months ending March 31, 2024 Transaction Adjusted EBITDA.*
    • Darden expects pre-tax net synergies of approximately $15 million by the end of its fiscal 2026.
    • Total acquisition and integration-related expenses are expected to be approximately $50 to $55 million, pre-tax.
    • Expected to be neutral to Darden's diluted net earnings per share for its fiscal 2025, excluding acquisition and integration-related expenses, and accretive by approximately 12 to 15 cents in its fiscal 2027.
    • Transaction is expected to be completed in Darden's fiscal second quarter, subject to satisfaction of customary closing conditions.
    • The transaction has been unanimously approved by the boards of directors of both Darden and Chuy's.

    * See the "Non-GAAP Information" below for more details, including Darden's definition of Transaction Adjusted EBITDA and a reconciliation to Chuy's Net Income.

    Summary of the Transaction

    Under the terms of the merger agreement, Darden will acquire all of the outstanding shares of Chuy's for $37.50 per share in cash. Chuy's board of directors unanimously approved the merger agreement with Darden and determined to recommend that Chuy's stockholders vote to adopt the merger agreement.  The definitive merger agreement includes a 30-day "go-shop" period that will allow Chuy's to affirmatively solicit alternative proposals from interested parties. 

    Darden has sufficient liquidity to complete the all-cash transaction. Darden expects to continue to maintain a strong balance sheet and have sufficient capital to achieve its stated capital allocation priorities of maintaining existing restaurants, growing new restaurants and returning capital to shareholders through dividends and strategic share repurchases.

    The transaction is expected to close in Darden's fiscal second quarter subject to certain conditions set forth in the merger agreement, including the approval by a majority of Chuy's stockholders, the expiration or termination of the applicable waiting period under the HSR Act and other customary conditions.

    Advisors

    BofA Securities is acting as financial advisor and Hunton Andrews Kurth LLP is acting as legal advisor to Darden.

    Piper Sandler is acting as financial advisor and Winston & Strawn LLP is acting as legal advisor to Chuy's.

    Investor Conference Call

    Darden will host a conference call to discuss the transaction on Thursday, July 18, 2024, at 10:00 am ET.  To listen to the call live, please go to https://event.choruscall.com/mediaframe/webcast.html?webcastid=17uPZVSK at least fifteen minutes early to register, download, and install any necessary audio software. Prior to the call, a slide presentation will be posted on the Investor Relations section of Darden's website at: www.darden.com. For those who cannot access the Internet, please dial 877-407-9219. For those who cannot listen to the live broadcast, a replay will be available on the Investor Relations section of Darden's website at: www.darden.com shortly after the call.

    About Darden

    Darden is a restaurant company featuring a portfolio of differentiated brands that include Olive Garden, LongHorn Steakhouse, Yard House, Ruth's Chris Steak House, Cheddar's Scratch Kitchen, The Capital Grille, Seasons 52, Eddie V's and Bahama Breeze. For more information, please visit www.darden.com.

    About Chuy's

    Founded in Austin, Texas in 1982, Chuy's owns and operates full-service restaurants across 15 states serving a distinct menu of authentic, made from scratch Tex-Mex inspired dishes. Chuy's highly flavorful and freshly prepared fare is served in a fun, eclectic and irreverent atmosphere, while each location offers a unique, "unchained" look and feel, as expressed by Chuy's motto "If you've seen one Chuy's, you've seen one Chuy's!" For further information, please visit www.chuys.com.

    Additional Information and Where to Find It

    This communication is being made in connection with the transaction. In connection with the transaction, Chuy's plans to file a proxy statement and certain other documents regarding the transaction with the Securities and Exchange Commission (the "SEC"). The definitive proxy statement (if and when available) will be mailed to stockholders of Chuy's.  This communication does not constitute an offer to buy or sell or the solicitation of an offer to buy or sell any securities or a solicitation of any vote or approval. STOCKHOLDERS OF CHUY'S ARE URGED TO READ THE PROXY STATEMENT THAT WILL BE FILED WITH THE SEC (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) AND ANY OTHER RELEVANT DOCUMENTS THAT ARE FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE TRANSACTION. Stockholders of Chuy's will be able to obtain free copies of these documents (when available) and other documents filed with the SEC by Chuy's through the website maintained by the SEC at http://www.sec.gov. Copies of the documents filed with the SEC by Chuy's will also be available to stockholders of Chuy's free of charge on Chuy's website at https://www.chuys.com or by written request to Chuy's Corporate Secretary at 1623 Toomey Road, Austin, TX 78704, Attn: Corporate Secretary.

    Participants in the Solicitation

    Chuy's, its directors and certain of its executive officers may be considered participants in the solicitation of proxies from Chuy's stockholders in connection with the transaction. Information about the directors and executive officers of Chuy's is set forth in its Annual Report on Form 10-K for the year ended December 31, 2023, which was filed with the SEC on February 29, 2024, its Amendment No. 1 to Annual Report on Form 10-K for the year ended December 31, 2023, which was filed with the SEC on April 25, 2024, its Proxy Statement for its 2024 Annual Meeting of Stockholders, which was filed with the SEC on June 13, 2024, and in other documents filed with the SEC by Chuy's and its officers and directors.

    These documents can be obtained free of charge from the sources indicated above. Additional information regarding the participants in the proxy solicitations and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the proxy statement and other relevant materials in connection with the transaction to be filed with the SEC when they become available.

    Cautionary Statement Regarding Forward-Looking Statements

    Certain statements contained in this document, other than purely historical information, including statements relating to the acquisition of Chuy's by Darden and any statements relating to Chuy's business and goals and Darden's expected operating results and balance sheet, and the assumptions upon which those statements are based, are "forward-looking statements." These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as "believes," "plans," "anticipates," "projects," "estimates," "expects," "intends," "strategy," "future," "opportunity," "goal," "may," "will," "should," "could," "potential," "continues," or similar expressions. Forward-looking statements are based on management's current expectations and beliefs, as well as a number of assumptions, estimates and projections concerning future events and do not constitute guarantees of future performance. These statements are subject to risks, uncertainties, changes in circumstances, assumptions and other important factors, many of which are outside management's control, that could cause actual results to differ materially from the results discussed in the forward-looking statements.

    Such forward-looking statements include those relating to the ability to complete, and the timing of completion of, the transactions contemplated by the merger agreement, including the parties' ability to satisfy the conditions to the consummation of the merger and the other conditions set forth in the merger agreement and the possibility of any termination of the merger agreement. Actual results may differ materially from current expectations because of numerous risks and uncertainties including, among others: (i) the risk that the proposed transaction may not be completed in a timely manner or at all; (ii) uncertainty surrounding the number of shares of Chuy's common stock that will vote in favor of the merger; (iii) the risk of legal proceedings that may be or have been instituted related to the merger agreement, which may result in significant costs of defense, indemnification and liability; (iv) the possibility that competing offers or acquisition proposals for Chuy's will be made; (v) the possibility that any or all of the various conditions to the consummation of the merger may not be satisfied or waived, including that a governmental entity may prohibit, delay or refuse to grant approval for the consummation of the merger; (vi) the occurrence of any event, change or other circumstance that could give rise to the termination of the merger agreement; (vii) the effects of disruption from the transactions on Chuy's business and the fact that the announcement and pendency of the transactions may make it more difficult to establish or maintain relationships with employees and business partners; (viii) Darden's ability to realize the synergies contemplated by the proposed transaction and integrate the business of Chuy's; (ix) changes in economic conditions, including inflation, increasing interest rates, higher unemployment, slowing growth or recession; (x) reductions in consumer discretionary income and general competition in the restaurant industry; (xi) the effect of shortages or increases in labor costs, state or local government regulations related to the sale or preparation of food, the sale of alcoholic beverages and the opening of new restaurants; (xii) risks in the markets where Chuy's restaurants are located; and (xiii) economic, regulatory and other limitations on Chuy's ability to pursue new restaurant openings and other organic growth opportunities. The foregoing factors should be read in conjunction with the risks and cautionary statements discussed or identified in Darden's and Chuy's respective public filings with the SEC from time to time, including their respective Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Darden's and Chuy's stockholders are cautioned not to unduly rely on these forward-looking statements. The forward-looking statements speak only as of the date hereof and, other than as required by applicable law, Darden and Chuy's expressly disclaim any intent or obligation to update or revise publicly these forward-looking information or statements.

    Darden Contacts:

    (Analysts) Courtney Aquilla, (407) 245-5054; (Media) Jessica Dinon, (407) 245-4336

    Chuy's Contact:

    Jeff Priester, (332) 242-4370

    Non-GAAP Information

    The information in this press release includes financial information determined by methods other than in accordance with U.S. generally accepted accounting principles ("GAAP"), including Transaction Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization), Adjusted Restaurant-Level EBITDA, Adjusted Revenue and Restaurant-Level EBITDA Margin. Darden calculates Chuy's Transaction Adjusted EBITDA as Chuy's net income plus interest expense, net, income tax expense, depreciation and amortization expenses, loss on impairment and restaurant closure costs and pre-opening expenses minus an adjustment for the 53rd week in Chuy's fiscal 2023 (the "53rd Week"). Darden calculates Chuy's Adjusted Restaurant-Level EBITDA as Chuy's Transaction Adjusted EBITDA plus general and administrative costs minus an adjustment for the 53rd Week, if applicable. Darden calculates Chuy's Adjusted Revenue as revenue minus an adjustment for the 53rd Week, if applicable. Darden calculates Chuy's Restaurant-Level EBITDA Margin as Adjusted Restaurant-Level EBITDA divided by Adjusted Revenue.

    Darden calculates Chuy's Transaction Adjusted EBITDA, Adjusted Restaurant-Level EBITDA, Adjusted Revenue and Restaurant-Level EBITDA Margin consistent with Darden's methodologies to improve Darden's ability to assess Chuy's performance in relation to its own. Darden and Chuy's believe that the presentation of Transaction Adjusted EBITDA, Adjusted Restaurant-Level EBITDA, Adjusted Revenue and Restaurant-Level EBITDA Margin for Chuy's provides useful supplemental information that is essential to a proper understanding of the operating results of Chuy's business. These non-GAAP performance measures should not be viewed as substitutes for operating results determined in accordance with GAAP, nor are they necessarily comparable to non-GAAP performance measures that may be similarly named and presented by other companies, including Chuy's. Reconciliations of Transaction Adjusted EBITDA, Adjusted Restaurant-Level EBITDA, Adjusted Revenue and Restaurant-Level EBITDA Margin are included below.

    ($ Millions)

    52 Weeks Ended



    52 Weeks Ended



         Thirteen Weeks Ended

    March 31, 2024



    December 31, 2023



     March 31, 2024

     March 26, 2023

    Net Income

    $30.2



    $31.5



    $6.9

    $8.2

    Interest income, net

    (3.1)



    (3.3)



    (0.6)

    (0.8)

    Income tax expense

    5.3



    5.4



    0.8

    0.9

    Depreciation and amortization expenses

    21.4



    21.1



    5.5

    5.2

    EBITDA

    $53.8



    $54.7



    $12.6

    $13.5

    Loss on impairment and restaurant closure costs

    5.0



    5.0



    0.4

    0.4

    Pre-Opening Expenses

    2.2



    2.0



    0.7

    0.5

    53rd Week Adjustment1

    (2.3)



    (2.3)



    -

    -

    Non-GAAP Transaction Adjusted EBITDA

    $58.7



    $59.4



    $13.7

    $14.4

    General and administrative costs

    30.7



    31.4



    7.1

    7.8

    53rd Week Adjustment1

    (0.4)



    (0.4)



    -

    -

    Adjusted Restaurant-Level EBITDA

    $89.0



    $90.4



    $20.8

    $22.2















    Revenue

    $459.3



    $461.3



    $110.5

    $112.5

    53rd Week Adjustment1

    (8.7)



    (8.7)



    -

    -

    Adjusted Revenue

    $450.6



    $452.6



    $110.5

    $112.5















    Restaurant-Level EBITDA Margin

    19.8 %



    20.0 %



    18.8 %

    19.7 %



    1 Represents the adjustment for the 53rd week in Chuy's fiscal 2023.

     

    Cision View original content:https://www.prnewswire.com/news-releases/darden-restaurants-to-acquire-chuys-holdings-inc-in-approximately-605-million-transaction-302199675.html

    SOURCE Darden Restaurants, Inc.: Financial

    Get the next $CHUY alert in real time by email

    Crush Q3 2025 with the Best AI Executive Assistant

    Stay ahead of the competition with Tailforce.ai - your AI-powered business intelligence partner.

    AI-Powered Inbox
    Context-aware email replies
    Strategic Decision Support
    Get Started with Tailforce.ai

    Recent Analyst Ratings for
    $CHUY
    $DRI

    CompanyDatePrice TargetRatingAnalyst
    Darden Restaurants Inc.
    $DRI
    6/18/2025$230.00 → $250.00Outperform
    Oppenheimer
    Darden Restaurants Inc.
    $DRI
    6/13/2025$210.00Underperform → Hold
    Jefferies
    Darden Restaurants Inc.
    $DRI
    1/22/2025$180.00 → $215.00Mkt Perform → Outperform
    Bernstein
    Darden Restaurants Inc.
    $DRI
    12/5/2024$183.00Neutral
    Goldman
    Darden Restaurants Inc.
    $DRI
    9/20/2024$165.00 → $205.00In-line → Outperform
    Evercore ISI
    Darden Restaurants Inc.
    $DRI
    9/20/2024$190.00 → $180.00Outperform → Mkt Perform
    Bernstein
    Chuy's Holdings Inc.
    $CHUY
    8/19/2024$37.50Buy → Hold
    The Benchmark Company
    Darden Restaurants Inc.
    $DRI
    7/23/2024$170.00 → $150.00Buy → Hold
    TD Cowen
    More analyst ratings

    $CHUY
    $DRI
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • New insider Wilkerson John W. claimed ownership of 17,368 shares (SEC Form 3)

      3 - DARDEN RESTAURANTS INC (0000940944) (Issuer)

      7/3/25 3:27:40 PM ET
      $DRI
      Restaurants
      Consumer Discretionary
    • Director Atkins M Shan sold $223,411 worth of shares (1,014 units at $220.33), closing all direct ownership in the company (SEC Form 4)

      4 - DARDEN RESTAURANTS INC (0000940944) (Issuer)

      7/2/25 12:01:34 PM ET
      $DRI
      Restaurants
      Consumer Discretionary
    • SVP General Counsel Broad Matthew R exercised 7,682 shares at a strike of $124.24 and sold $1,675,075 worth of shares (7,682 units at $218.05) (SEC Form 4)

      4 - DARDEN RESTAURANTS INC (0000940944) (Issuer)

      7/2/25 11:55:00 AM ET
      $DRI
      Restaurants
      Consumer Discretionary

    $CHUY
    $DRI
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • Oppenheimer reiterated coverage on Darden Restaurants with a new price target

      Oppenheimer reiterated coverage of Darden Restaurants with a rating of Outperform and set a new price target of $250.00 from $230.00 previously

      6/18/25 7:40:15 AM ET
      $DRI
      Restaurants
      Consumer Discretionary
    • Darden Restaurants upgraded by Jefferies with a new price target

      Jefferies upgraded Darden Restaurants from Underperform to Hold and set a new price target of $210.00

      6/13/25 7:44:23 AM ET
      $DRI
      Restaurants
      Consumer Discretionary
    • Darden Restaurants upgraded by Bernstein with a new price target

      Bernstein upgraded Darden Restaurants from Mkt Perform to Outperform and set a new price target of $215.00 from $180.00 previously

      1/22/25 7:35:26 AM ET
      $DRI
      Restaurants
      Consumer Discretionary

    $CHUY
    $DRI
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • Darden Restaurants Reports Fiscal 2025 Fourth Quarter and Full Year Results; Increases Quarterly Dividend; Authorizes New $1 Billion Share Repurchase Program; And Provides Fiscal 2026 Outlook

      ORLANDO, Fla., June 20, 2025 /PRNewswire/ -- Darden Restaurants, Inc. (NYSE:DRI) today reported its financial results for the fourth quarter and fiscal year ended May 25, 2025. Fourth Quarter 2025 Financial Highlights Total sales increased 10.6% to $3.3 billion driven by a blended same-restaurant sales1 increase of 4.6% and sales from the acquisition of 103 Chuy's Tex Mex (Chuy's) restaurants and 25 net new restaurantsSame-restaurant sales:Consolidated Darden1 4.6 % Olive Garden 6.9 % LongHorn Steakhouse 6.7 % Fine Dining (3.3) % Other Business1 1.2 % Reported diluted net earnings per share from continuing operations were $2.58Excluding $0.40 of Chuy's transaction and integration related co

      6/20/25 7:00:00 AM ET
      $DRI
      Restaurants
      Consumer Discretionary
    • NYSE Content Advisory: Pre-Market update + April inflation data released

      NEW YORK, May 30, 2025 /PRNewswire/ -- The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor. Access today's NYSE Pre-market update for market insights before trading begins.  Kristen Scholer delivers the pre-market update on May 30th Stocks are little changed Friday as traders continue to parse through headlines. The Court of International Trade halted the bulk of President Trump's tariffs Wednesday. It then granted a stay on Thursday, permitting them until next weekTreasury Secretary Scott Bessent told Fox News that U.S.-China trade talks are "a bit stalled." Bessent led the U.S. and China to a temporary agr

      5/30/25 8:55:00 AM ET
      $DRI
      $ICE
      Restaurants
      Consumer Discretionary
      Investment Bankers/Brokers/Service
      Finance
    • Darden Restaurants to Host Fiscal 2025 Fourth Quarter Conference Call on June 20

      ORLANDO, Fla., May 22, 2025 /PRNewswire/ -- Darden Restaurants, Inc., (NYSE:DRI) plans to release its fiscal 2025 fourth quarter financial results before the market opens on Friday, June 20, 2025, with a conference call to follow at 8:30 am ET. Rick Cardenas, CEO, and other senior management will discuss fourth quarter results and conduct a question and answer session. For those who cannot listen to the live broadcast, a replay will be available shortly after the call. What:                    Darden Restaurants, Inc. Fiscal 2025 Fourth Quarter Earnings Conference Call When:                  8:30 am ET, Friday, June 20, 2025 Where:                  https://event.choruscall.com/mediaframe/we

      5/22/25 4:15:00 PM ET
      $DRI
      Restaurants
      Consumer Discretionary

    $CHUY
    $DRI
    Financials

    Live finance-specific insights

    See more
    • Darden Restaurants Reports Fiscal 2025 Fourth Quarter and Full Year Results; Increases Quarterly Dividend; Authorizes New $1 Billion Share Repurchase Program; And Provides Fiscal 2026 Outlook

      ORLANDO, Fla., June 20, 2025 /PRNewswire/ -- Darden Restaurants, Inc. (NYSE:DRI) today reported its financial results for the fourth quarter and fiscal year ended May 25, 2025. Fourth Quarter 2025 Financial Highlights Total sales increased 10.6% to $3.3 billion driven by a blended same-restaurant sales1 increase of 4.6% and sales from the acquisition of 103 Chuy's Tex Mex (Chuy's) restaurants and 25 net new restaurantsSame-restaurant sales:Consolidated Darden1 4.6 % Olive Garden 6.9 % LongHorn Steakhouse 6.7 % Fine Dining (3.3) % Other Business1 1.2 % Reported diluted net earnings per share from continuing operations were $2.58Excluding $0.40 of Chuy's transaction and integration related co

      6/20/25 7:00:00 AM ET
      $DRI
      Restaurants
      Consumer Discretionary
    • Darden Restaurants to Host Fiscal 2025 Fourth Quarter Conference Call on June 20

      ORLANDO, Fla., May 22, 2025 /PRNewswire/ -- Darden Restaurants, Inc., (NYSE:DRI) plans to release its fiscal 2025 fourth quarter financial results before the market opens on Friday, June 20, 2025, with a conference call to follow at 8:30 am ET. Rick Cardenas, CEO, and other senior management will discuss fourth quarter results and conduct a question and answer session. For those who cannot listen to the live broadcast, a replay will be available shortly after the call. What:                    Darden Restaurants, Inc. Fiscal 2025 Fourth Quarter Earnings Conference Call When:                  8:30 am ET, Friday, June 20, 2025 Where:                  https://event.choruscall.com/mediaframe/we

      5/22/25 4:15:00 PM ET
      $DRI
      Restaurants
      Consumer Discretionary
    • Darden Restaurants Reports Fiscal 2025 Third Quarter Results; Declares Quarterly Dividend; And Updates Fiscal 2025 Financial Outlook

      ORLANDO, Fla., March 20, 2025 /PRNewswire/ -- Darden Restaurants, Inc. (NYSE:DRI) today reported its financial results for the third quarter ended February 23, 2025. Third Quarter 2025 Financial Highlights, Comparisons Versus Same Fiscal Quarter Last Year Total sales increased 6.2% to $3.2 billion, driven by a blended same-restaurant sales* increase of 0.7% and sales from the acquisition of 103 Chuy's restaurants and 40 net new restaurantsSame-restaurant sales:Consolidated Darden* 0.7 % Olive Garden 0.6 % LongHorn Steakhouse 2.6 % Fine Dining (0.8) % Other Business* (0.4) % Reported diluted net earnings per share from continuing operations were $2.74Excluding $0.06 of Chuy's transaction and

      3/20/25 7:00:00 AM ET
      $DRI
      Restaurants
      Consumer Discretionary

    $CHUY
    $DRI
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • Amendment: SEC Form SC 13G/A filed by Chuy's Holdings Inc.

      SC 13G/A - CHUY'S HOLDINGS, INC. (0001524931) (Subject)

      10/31/24 11:54:57 AM ET
      $CHUY
      Restaurants
      Consumer Discretionary
    • Amendment: SEC Form SC 13G/A filed by Chuy's Holdings Inc.

      SC 13G/A - CHUY'S HOLDINGS, INC. (0001524931) (Subject)

      10/18/24 3:31:24 PM ET
      $CHUY
      Restaurants
      Consumer Discretionary
    • Amendment: SEC Form SC 13D/A filed by Chuy's Holdings Inc.

      SC 13D/A - CHUY'S HOLDINGS, INC. (0001524931) (Subject)

      10/15/24 8:17:12 AM ET
      $CHUY
      Restaurants
      Consumer Discretionary

    $CHUY
    $DRI
    SEC Filings

    See more
    • SEC Form 144 filed by Darden Restaurants Inc.

      144 - DARDEN RESTAURANTS INC (0000940944) (Subject)

      6/24/25 4:23:50 PM ET
      $DRI
      Restaurants
      Consumer Discretionary
    • Darden Restaurants Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Leadership Update, Financial Statements and Exhibits

      8-K - DARDEN RESTAURANTS INC (0000940944) (Filer)

      6/20/25 7:04:25 AM ET
      $DRI
      Restaurants
      Consumer Discretionary
    • SEC Form 10-Q filed by Darden Restaurants Inc.

      10-Q - DARDEN RESTAURANTS INC (0000940944) (Filer)

      4/1/25 4:09:11 PM ET
      $DRI
      Restaurants
      Consumer Discretionary

    $CHUY
    $DRI
    Leadership Updates

    Live Leadership Updates

    See more
    • Authentic Restaurant Brands Adds Tavern in the Square As its Latest Fortress Regional Brand; Appoints Veteran Leadership Team to Supercharge Platform's Growth

      ARB's Portfolio of Regional Restaurant Brands Reaches $1 Billion in Annual Revenue Alex Macedo named Chief Executive Officer; Jon Howie named Chief Financial Officer Authentic Restaurant Brands ("ARB"), a platform of leading regional restaurant brands and portfolio company of Garnett Station Partners, LLC ("Garnett Station" or "GSP"), today announced that Tavern in the Square ("Tavern"), the iconic New England polished-casual dining brand, has joined ARB through the recapitalization of its parent company, Broadway Hospitality Group ("BHG"). The transaction, ARB's fifth in five years, grows the ARB platform to approximately $1 billion in annual revenue and over $150 million in EBITDA.

      3/3/25 8:00:00 AM ET
      $DRI
      $EAT
      Restaurants
      Consumer Discretionary
    • DocuSign Set to Join S&P MidCap 400 and MDU Resources Group to Join S&P SmallCap 600

      NEW YORK, Oct. 7, 2024 /PRNewswire/ -- DocuSign Inc. (NASD:DOCU) will replace MDU Resources Group Inc. (NYSE:MDU) in the S&P MidCap 400, and MDU Resources Group will replace Chuy's Holdings Inc. (NASD:CHUY) in the S&P SmallCap 600 effective prior to the opening of trading on Friday, October 11. S&P 500 constituent Darden Restaurants Inc. (NYSE:DRI) is acquiring Chuy's Holdings in a deal expected to be completed soon, pending final closing conditions. MDU Resources announced its intention to spin-off a company later this month. Following is a summary of the changes that will take place prior to the open of trading on the effective date: Effective Date Index Name       Action Company Name Ti

      10/7/24 6:06:00 PM ET
      $CHUY
      $DOCU
      $DRI
      $MDU
      Restaurants
      Consumer Discretionary
      Computer Software: Prepackaged Software
      Technology
    • Fast Growing Restaurant Company, Condado Tacos, Names Natalie Harden as its New CFO

      The Ohio-based taco and tequila company, Condado Tacos, announced the appointment of Natalie Harden as its new Chief Financial Officer. Ms. Harden joins the fast-growing restaurant company with 20 years of experience in both restaurant and consumer-related corporate finance. "We are pleased to welcome Natalie to the Condado team. As a results-driven leader, she brings a dynamic, data-based approach to growth, financial planning and business strategy" said John G. Troiano, CEO of The Beekman Group and Chairman of the Board of Condado Tacos. "We couldn't be more thrilled to have someone who is so highly skilled and also an incredible fit for the Condado culture." Most recently, Ms. Harden

      2/21/24 10:30:00 AM ET
      $CHUY
      Restaurants
      Consumer Discretionary