BNP Paribas Reduces Stake in Darden Restaurants

Institutional investor sells off nearly all of its shares in the restaurant operator

Mar. 17, 2026 at 7:24am

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BNP Paribas, a major institutional investor, has significantly reduced its stake in Darden Restaurants, Inc. (NYSE:DRI) by selling 98.6% of its shares in the third quarter. The bank now owns just 398 shares of the restaurant operator's stock, down from a previous holding of 28,911 shares.

Why it matters

This move by a large institutional investor like BNP Paribas could signal a shift in sentiment around Darden Restaurants, which operates popular chains like Olive Garden and LongHorn Steakhouse. The significant sell-off may indicate concerns about the company's future performance or growth prospects.

The details

According to a recent 13F filing with the SEC, BNP Paribas sold 28,911 shares of Darden Restaurants in the third quarter, leaving the bank with just 398 shares. This represents a 98.6% reduction in BNP Paribas' position in the restaurant company. The filing shows the bank's holdings in Darden Restaurants were worth $76,000 as of the most recent reporting period.

  • BNP Paribas sold the majority of its Darden Restaurants shares in the 3rd quarter of 2026.

The players

BNP Paribas

A major French multinational bank and financial services company.

Darden Restaurants, Inc.

A U.S. restaurant operator that owns and operates chains like Olive Garden, LongHorn Steakhouse, and other casual dining concepts.

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The takeaway

The significant sell-off by a prominent institutional investor like BNP Paribas could signal broader concerns about Darden Restaurants' future outlook. This move may prompt further analysis of the company's performance and growth prospects among other investors.