Cheddar’s Scratch Kitchen
Casual DiningDRI$229.77+1.5%
Investment grade · Moody’s Baa2
Parent company
Darden Restaurants
Public, NYSE: DRI
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
OwnershipPublicNYSE: DRI
Brands on our list2Cheddar’s Scratch Kitchen, LongHorn Steakhouse
Issuer ratingMoody’s Baa2Investment grade
New Initiatives
How the real estate strategy is changing: openings, closures, formats, remodels, relocations and refranchising.
LongHorn Steakhouse. 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)Cheddar’s Scratch Kitchen. Cheddar’s opened four restaurants and closed one in fiscal 2026, while Darden closed 15 Bahama Breeze locations.
Source: Darden Restaurants Form 10-K, fiscal 2026LongHorn Steakhouse. Darden opened 27 LongHorn Steakhouse restaurants in fiscal 2026 with no closures.
Source: Darden Restaurants Form 10-K, fiscal 2026
Darden Restaurants operates full-service restaurant brands including Olive Garden, LongHorn Steakhouse, Yard House, The Capital Grille, Seasons 52 and Cheddar's Scratch Kitchen. Its restaurants are company-operated. In fiscal 2026 Darden opened 27 new LongHorn restaurants with no LongHorn closures.
Sources: Darden Restaurants; Darden 10-K, fiscal 2026.
Brands on our list
LongHorn Steakhouse
Casual DiningDRI$229.77+1.5%
Investment grade · Moody’s Baa2
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 |
Ownership history
- 1995
Spun off from General Mills Source: Source
- 2007
Acquires RARE Hospitality, parent of LongHorn Steakhouse Source: Source
- 2014
Sells Red Lobster to Golden Gate Capital Source: Source
- 2017
Acquires Cheddar's Scratch Kitchen Source: Source
SEC Filings
Annual reports filed by Darden Restaurants. 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 |
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.