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  "documentTitle": "Darden Restaurants, Inc. (DRI)",
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      "text": "Three distinct analyst quotes from Hedgeye, Wells Fargo, and JP Morgan on the left; one long analysis from Bank of America on the right.",
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      "text": "\"It’s come down to which group of independent directors shareholders want to oversee the company: Darden’s or Starboard’s? We believe Starboard’s slate is better qualified.\" — Hedgeye, September 3, 2014; \"Investment Thesis: We remain constructive on Darden based on the thesis that multiple near to intermediate term catalysts are in play including the potential spin-off of SRG, increasingly aggressive cost control efforts and the potential sale of a portion of the company’s 600 remaining owned pieces of real estate.\" — Wells Fargo, September 2, 2014; \"Development of propco/opco could be an intriguing possibility to maximize value in remaining real estate ... Based on discussions with J.P. Morgan’s REITs equity research team we believe a 14-15x pretax multiple could be applied to rental income. ...[This] yields approximately $7-8 of additional stock value.\" — JP Morgan, June 5, 2014; \"We are lowering our rating on DRI shares from Neutral to Underperform and cutting our price objective from $55 to $40. Olive Garden (OG) has undertaken a brand relaunch to drive sales but we have concerns that the efforts are failing to gain significant traction.\" — Bank of America, August 28, 2014",
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