Capital Group Reduces Stake in Darden Restaurants

Asset management firm sells over 58,000 shares of restaurant operator

Mar. 12, 2026 at 8:08am

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Capital Group Private Client Services Inc. lowered its stake in Darden Restaurants, Inc. (NYSE:DRI) by 95.8% during the third quarter, according to a recent SEC filing. The firm sold 58,607 shares of the restaurant operator's stock, leaving it with just 2,587 shares valued at $492,000 as of the end of the quarter.

Why it matters

Darden Restaurants, which owns popular chains like Olive Garden and LongHorn Steakhouse, is a closely watched stock in the restaurant industry. This significant reduction in Capital Group's position could signal a shift in investor sentiment around the company.

The details

According to the filing, Capital Group sold the majority of its Darden Restaurants shares during the third quarter. The firm previously owned 61,194 shares of the restaurant operator's stock. Darden Restaurants has seen its share price fluctuate in recent months amid broader economic uncertainty, though the company has reported solid financial results.

  • Capital Group sold the shares during the third quarter of 2026.

The players

Capital Group Private Client Services Inc.

An asset management firm that significantly reduced its stake in Darden Restaurants.

Darden Restaurants, Inc.

The restaurant operator that owns popular chains like Olive Garden and LongHorn Steakhouse.

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The takeaway

This move by a major institutional investor could signal a shift in sentiment around Darden Restaurants, though the company's fundamentals remain strong. Investors will be watching to see if other large shareholders follow suit or if Capital Group's reduction was an isolated event.