Assenagon Asset Management Reduces Stake in Darden Restaurants

Institutional investor sells over 63,000 shares of restaurant operator's stock

Mar. 29, 2026 at 7:20am

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Assenagon Asset Management S.A. lowered its position in Darden Restaurants, Inc. (NYSE:DRI) by 70.7% during the fourth quarter, according to a recent SEC filing. The firm now owns 26,319 shares of the restaurant operator's stock, down from 89,678 shares previously.

Why it matters

Darden Restaurants, which owns popular chains like Olive Garden and LongHorn Steakhouse, is a closely watched stock in the restaurant industry. Institutional investor activity can provide insights into market sentiment and future performance expectations for the company.

The details

According to the filing, Assenagon Asset Management sold 63,359 shares of Darden Restaurants stock during the fourth quarter. The firm's holdings in Darden are now valued at $4.8 million, down from $16.5 million at the end of the prior quarter.

  • Assenagon Asset Management lowered its Darden Restaurants stake during the fourth quarter of 2025.

The players

Assenagon Asset Management S.A.

A European investment management firm that has reduced its position in Darden Restaurants.

Darden Restaurants, Inc.

The parent company of popular restaurant chains like Olive Garden and LongHorn Steakhouse.

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The takeaway

This filing indicates that one institutional investor has become less bullish on Darden Restaurants, potentially signaling a shift in market sentiment around the company. However, the overall analyst consensus remains positive, with most rating the stock a 'Moderate Buy'.