Applebee’s
Casual DiningDIN$37.22+3.8%
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Casual Dining
LongHorn Steakhouse
Parent: Darden Restaurants · Public parent; company-operated
NYSE: DRI$229.77+1.5%close Nov. 9, 2026
Credit rating · Darden RestaurantsBaa2 Investment grade
AAAAAABBBBBBCCCD
Investment gradeHigh yield
Moody’s, as of Oct. 2, 2026 (Darden). Source: Darden Restaurants Form 10-Q, filed Oct. 2, 2026
EmployeesNot verifiedNo verified source
HeadquartersOrlando, FloridaCasual Dining
New Initiatives
How the real estate strategy is changing: openings, closures, formats, remodels, relocations and refranchising.
Darden added 43 net new U.S. restaurants in fiscal 2026, closed about half of its Bahama Breeze restaurants in April 2026 and expects to convert the rest to other Darden brands within 12 to 18 months.
Source: Darden Restaurants, Inc. Form 10-K (filed July 24, 2026)Darden opened 27 LongHorn Steakhouse restaurants in fiscal 2026 with no closures.
Source: Darden Restaurants Form 10-K, fiscal 2026
LongHorn Steakhouse is a casual dining steakhouse chain owned and operated by Darden Restaurants, which also owns Olive Garden. Its restaurants are company-operated, and leases are typically supported by Darden.
Store count
618 as of May 31, 2026
+4.6% 1-year change vs. prior fiscal yearLongHorn Steakhouse restaurants. Counts as reported at each period end. Sources: DRI Form 10-K, fiscal year ended 2024-05-26; DRI Form 10-K, fiscal year ended 2025-05-25; DRI Form 10-K, fiscal year ended 2026-05-31.
Ownership history
- 2007
Darden acquires RARE Hospitality, LongHorn's parent Source: Wikipedia: LongHorn Steakhouse
SEC Filings
Filings by parent Darden Restaurants, Inc.. LongHorn Steakhouse does not file on its own. All filings on EDGAR
| Period | Form | Filed | Document |
|---|---|---|---|
| Fiscal year ended May 31, 2026 | 10-K | July 24, 2026 | View on sec.gov |
| Fiscal year ended May 25, 2025 | 10-K | July 18, 2025 | View on sec.gov |
| Fiscal year ended May 26, 2024 | 10-K | July 19, 2024 | View on sec.gov |
| Fiscal year ended May 28, 2023 | 10-K | July 21, 2023 | View on sec.gov |
| Latest quarter, period ended Aug. 30, 2026 | 10-Q | Oct. 2, 2026 | View on sec.gov |
Credit ratings
| Agency | Rating | Outlook | As of | Source |
|---|---|---|---|---|
| Moody’s | Baa2 | Oct. 2, 2026 (Darden) | Darden Restaurants Form 10-Q, filed Oct. 2, 2026 | |
| S&P Global | BBB | Oct. 2, 2026 (Darden) | Darden Restaurants Form 10-Q, filed Oct. 2, 2026 | |
| Fitch | BBB | Oct. 2, 2026 (Darden) | Darden Restaurants Form 10-Q, filed Oct. 2, 2026 |
Bond market context
| Issuer bond yield | Unavailable. No free, licensed source for individual bond yields. |
|---|---|
| BBB index effective yield | 5.95% (Nov. 6, 2026; ICE BofA BBB US Corporate Index) |
| BBB index spread (OAS) | 116 bps over Treasuries; 104 bps a year earlier (FRED) |
| 10-year Treasury | 4.88% (Nov. 9, 2026) |
The index row shows the yield on BBB-rated U.S. corporate bonds as a group, the closest free benchmark for this rating category. It is not the yield on this company’s own bonds.
Share prices, Yahoo Finance, as of Nov. 9, 2026. Bond index yields and spreads, ICE BofA US corporate and high yield indices, ICE Data Indices, LLC, via FRED, Federal Reserve Bank of St. Louis. 10-year yield, U.S. Department of the Treasury.
Casual Dining
