Darden Restaurants cuts profit forecast as diners stay home Aug 27, 2008
Darden said it expects earnings per share to be 60 cents to 62 cents in its first quarter ending Sunday, excluding costs related to its acquisition last year of Rare Hospitality International. Analysts on average forecast 75 cents, according to Reuters Estimates. (USA Today -- Money)
Parent of Olive Garden, Red Lobster posts tasty quarter Jun 25, 2008
Darden acquired LongHorn Steakhouse and The Capital Grille from Rare Hospitality International Inc. in October 2007. Red Lobster, meanwhile, posted a 0. (Raleigh Triangle Business Journal, NC)
Darden Restaurants profit up Mar 19, 2008
2 billion acquisition of RARE Hospitality International Inc, owner of LongHorn Steakhouse and Capital Grille, during the fiscal second quarter. Looking to fiscal 2008, Darden said it continues to expect that net earnings from continuing operations will rise 2 to 4 percent, including transaction and integration-related costs associated with the acquisition. (ABC News -- Wire)
3Q sales up 25% at Darden Mar 19, 2008
Along with the October 2007 acquisition of RARE Hospitality International Inc. -- which resulted in $292 million in LongHorn Steakhouse and The Capital Grille sales -- Darden also attributed eight cents in net earnings per share from discontinued operations due to its December 2007 sale of to an affiliate of. So far this fiscal year, Darden reported net income of $275. (Orlando Business Journal)
Orlando-based Darden's stock price plunges Dec 21, 2007
4 billion purchase of Atlanta-based Rare Hospitality International, operator of LongHorn and Capital Grille. One analyst called into question that decision in a research note to investors Wednesday. (Orlando Sentinel -- Opinion)
Darden profit down Dec 19, 2007
2 billion acquisition of RARE Hospitality International Inc during the quarter. Many full-service restaurant chains have struggled this year as consumers spend less on meals outside the home because of higher gas and food prices and a lackluster housing market. (ABC News -- Wire)
Standard & Poor's Announces Changes to U.S. Indices Sep 25, 2007
-- optionsXpress Holdings Inc. (Nasdaq: ) will replace RARE Hospitality International Inc. (Nasdaq: ) in the SlCap 600 after the close of trading on Friday, September 28. RARE Hospitality is being acquired by Sconstituent Darden Restaurants Inc. (NYSE: ) in a deal expected to close on or about that date, pending final approvals. (PR Newswire)
Rare Hospitality sold to Orlando company for $1.4 billion Aug 19, 2007
Darden Restaurants Inc. -- the owner of Red Lobster, Bahama Breeze and Olive Garden -- has bought Rare Hospitality International Inc. for $38. 15 a share, or $1. (Pittsburgh Business Times, PA)
Red Lobster owner will buy Capital Grille parent Aug 17, 2007
15 a share for Rare Hospitality International Inc., which also operates the LongHorn Steakhouse chain. The price is 39 percent more than Atlanta-based Rare's closing price of $27. (Boston Globe)
Darden to Acquire Rare Hospitality Aug 17, 2007
Darden Restaurants Inc. (DRI) agreed to acquire Rare Hospitality International Inc. (RARE) for $38. 15 a share cash, or about $1. (SmartMoney)
A Steak-House Stock with Sizzle Aug 7, 2007
We expect Rare Hospitality International (: $27) to continue to expand its two restaurant concepts, LongHorn Steakhouse and Capital Grille, as part of an expansion strategy designed to nearly double its number of restaurants over the next five to seven years. We think this will drive strong earnings growth as well. (BusinessWeek)
Thursday's Stocks to Watch Jul 26, 2007
Rare Hospitality International Inc.'s () second-quarter earnings fell 24 percent to $10. 2 million, or 33 cents a share, from $13. (Fox News)
National Restaurant Association Elects Richard E. Rivera Chairman May 25, 2007
He has held executive positions with a number of leading restaurant companies, including Darden Restaurants; RARE Hospitality International, Inc.; TGI Friday's, Inc.; Applebee's; and El Chico Corp. Rivera has received numerous industry awards for his achievements, including the "Golden Chain" restaurant leadership award from Nation's Restaurant News, and the "Restaurant Business Leadership Award." He was also honored as one of the top restaurant operators in the U.S. with the prestigious Silver... (PR Newswire)
Bugaboo Creek blames rent cost for closing Apr 4, 2007
The chain is owned by RARE Hospitality International Inc., an Atlanta company that also owns the LongHorn Steakhouse and Capital Grill restaurant chains. But RARE in late February announced it will sell the Bugaboo restaurants to Trimaran Capital Partners, a New York City private asset management firm. (Albany Times Union)
Grille of their dreams Mar 26, 2007
Today's Globe Local Politics Opinion Magazine Education NECN Special reports Obituaries. Upscale chain is tapping area ripe for pricey steakhouses. (Boston Globe -- Local)
Plus: S&P Upgrades XM Satellite Radio to Hold Feb 21, 2007
Rare Hospitality International () : Ups to 4 STARS (buy) from 3 STARS (hold). Analyst: Mark Basham. (BusinessWeek)
Blake welcomes Blank back into Home Depot circle Jan 25, 2007
Joia M. Johnson, general counsel of RARE Hospitality International, has accepted a position as general counsel of Winston-Salem-based Hinesbrands, an apparel company. Johnson, an Atlanta native, used to work at H.J. Russell and she still serves on the construction company's board. (Atlanta Journal-Constitution -- Business)
Hanesbrands appoints corporate counsel Jan 12, 2007
Johnson, 46, had held a similar position at RARE Hospitality International Inc. (Nasdaq: RARE), a publicly traded restaurant company based in Atlanta. Before RARE, she worked for H.J. Russell & Co., Concessions International Inc. and the law firm Long, Aldridge & Norman -- all in Atlanta. (Business Journal of the Greater Triad Area)
