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  1. Home
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  3. Food Service & Restaurants
  4. The Capital Grille
The Capital Grille logo
Food Service & Restaurants

Who Owns The Capital Grille?

The Capital Grille is a fine dining steakhouse chain owned by Darden Restaurants Inc. (NYSE: DRI), headquartered in Orlando, Florida. Founded in 1990 and acquired by Darden in 2007, The Capital Grille operates 74 company-owned locations as of May 2026. The brand is part of Darden's Fine Dining segment, which reported FY2026 revenue of $1.38 billion. Darden reported total FY2026 sales of $13.21 billion across its portfolio of restaurant brands.

Parent Company

Darden Restaurants

Acquired

2007

Status

Publicly Traded

Headquarters

Orlando, Florida, USA

The Capital Grille Timeline

1968
Darden Restaurants

Parent company established in Orlando, Florida, USA

Company Founded
1990

The Capital Grille

Founded by Flagstar Companies

Founded
2007
Acquired by Darden Restaurants

Darden Restaurants acquired The Capital Grille

Acquired
premiumpremiumGlobalall-agessustainable sourcingresponsible seafoodwaste reductionenergy efficiencylocal sourcingOfficial Website

Who Owns The Capital Grille?

  • Parent Company: Darden Restaurants
  • Ownership Type: Wholly owned
  • Acquisition Year: 2007
  • Company Type: Publicly Traded
  • Stock Ticker: NYSE: DRI
BrandParent CompanyOwnership Type
The Capital GrilleDarden RestaurantsWholly owned

History of The Capital Grille

  • Founded: 1990
  • Founders: Flagstar Companies
  • Acquired by Darden Restaurants: 2007

The Capital Grille was founded in 1990 in Providence, Rhode Island, as an upscale steakhouse concept focused on premium beef, dry aging steaks on the premises, fine dining service, and an extensive wine selection. The brand developed a reputation for offering high-quality steaks in an elegant, club-like atmosphere that appealed to business diners and special occasion customers.

Throughout the 1990s and 2000s, The Capital Grille expanded across the United States, establishing itself as a significant player in the fine dining steakhouse segment. The brand became known for its commitment to premium ingredients, attentive service, and curated wine programs.

In October 2007, Darden Restaurants acquired The Capital Grille as part of its acquisition of RARE Hospitality International, which also brought LongHorn Steakhouse into Darden's portfolio. This acquisition marked Darden's strategic expansion into the fine dining steakhouse segment. Under Darden ownership, The Capital Grille has continued to maintain its premium positioning while accessing Darden's operational expertise and resources.

The Capital Grille has grown from 62 locations in FY2022 to 74 locations as of May 31, 2026, with 3 net new locations added in FY2026. The brand continues to operate primarily in major metropolitan cities in the United States.

About Darden Restaurants

What restaurants does Darden own?
Darden owns 11 restaurant brands: Olive Garden (936 locations), LongHorn Steakhouse (601), Cheddar's Scratch Kitchen (184), Chuy's (109), Yard House (91), Ruth's Chris Steak House (82), The Capital Grille (73), Seasons 52 (45), Eddie V's (30), Bahama Breeze (28), and The Capital Burger (3). Total: 2,182 restaurants as of November 23, 2025.

Is Darden Restaurants publicly traded?
Yes. Darden Restaurants, Inc. is publicly traded on the New York Stock Exchange under the ticker DRI. The company is a component of the S&P 500. There is no parent company or controlling shareholder.

Who owns Darden Restaurants?
Darden Restaurants is an independent publicly traded corporation with no parent company. The company is owned by institutional investors, mutual funds, and individual shareholders. Major institutional holders include Vanguard Group, BlackRock, and State Street Corporation. There is no dual-class share structure or founder control.

What were Darden's FY2026 financial results?
For FY2026 (fiscal year ended May 31, 2026), Darden reported total sales of $13.21 billion, up 9.4% year over year, with blended same-restaurant sales growth of 4.5%. Reported diluted EPS from continuing operations was $10.44, and adjusted diluted EPS was $10.64, up 11.4% from the prior year. The fiscal year included a 53rd week of operations, which contributed approximately 2.1% to sales growth and $0.25 to EPS.

Does Darden own Red Lobster?
No. Darden sold Red Lobster to Golden Gate Capital in 2014 for $2.1 billion. Red Lobster subsequently filed for Chapter 11 bankruptcy in May 2024. Darden has no ownership interest in Red Lobster.

When was Darden Restaurants founded?
Darden Restaurants was spun off from General Mills as an independent public company in 1995. Its origins trace to 1968 when Bill Darden opened the first Red Lobster in Lakeland, Florida. General Mills acquired Red Lobster in 1970 and developed Olive Garden in 1982 before spinning off the restaurant division as Darden Restaurants.

How many restaurants does Darden operate?
Darden operates 2,182 company-owned restaurants across 11 brands, primarily in the United States. All restaurants are company-owned rather than franchised.

What is Darden's FY2027 outlook?
Darden's FY2027 outlook projects total sales of $13.60 to $13.75 billion, same-restaurant sales growth of 2.5% to 3.5%, 75 to 80 new restaurant openings, total capital spending of approximately $875 million, and diluted EPS from continuing operations of $11.10 to $11.35.

  • Founded: 1968
  • Headquarters: Orlando, Florida, USA
  • Company Type: Publicly Traded
  • Stock: NYSE: DRI
  • Revenue: $13.2 billion (FY2026)
  • Employees: Approximately 175,000

Visit Darden Restaurants website

View full company profile for Darden Restaurants

Where Is The Capital Grille Made / Based?

  • Headquarters: Orlando, Florida, USA
  • Manufacturing / Operations: United States

The Capital Grille Categories & Tags

Fine DiningSteakhousePremium SteaksUpscaleDarden RestaurantsAmerican Brand

The Capital Grille Sustainability & Ethics

The Capital Grille operates under Darden Restaurants' sustainability framework. Darden has committed to reducing its environmental footprint through sustainable sourcing, waste reduction, and energy efficiency programs across its restaurant portfolio.

Darden's sustainability initiatives include responsible seafood sourcing guided by Seafood Watch standards, sustainable agricultural practices for beef suppliers, and waste reduction programs. The company works with suppliers who meet environmental and quality standards across all its brands.

The Capital Grille's fine dining format results in higher per-customer resource usage compared to casual dining brands, but the brand benefits from Darden's company-wide sustainability investments, including energy-efficient kitchen equipment, LED lighting, and smart building management systems.

No Leaping Bunny, PETA, Vegan Society, or B Corp certification applies to The Capital Grille or Darden Restaurants.

Awards & Recognition

The Capital Grille has received recognition for its wine program and culinary excellence. The brand's wine list, featuring over 350 selections, has been recognized by Wine Spectator and other wine industry publications. The Capital Grille's dry aging program, conducted on-premises at each restaurant, has been acknowledged by culinary organizations and food critics.

The brand has been consistently recognized in restaurant industry rankings for its premium steakhouse offerings and service quality. The Capital Grille's private dining rooms and event hosting capabilities have made it a preferred venue for business dining and special occasions in major metropolitan markets.

The Capital Grille Recalls & Controversies

Fine Dining Segment Underperformance: Darden's Fine Dining segment, which includes The Capital Grille, reported same-restaurant sales growth of 1.9% in Q4 FY2026, falling short of analyst expectations of 3.1%. This underperformance relative to other Darden segments reflects the competitive pressures and economic sensitivity of the fine dining category.

Economic Sensitivity: As a premium dining concept with an average check of approximately $107 per person, The Capital Grille is particularly sensitive to economic conditions that affect discretionary spending. Economic downturns and changes in corporate expense accounts can significantly impact the brand's performance.

Bahama Breeze Wind-Down: While not directly affecting The Capital Grille, Darden's February 2026 decision to close 14 Bahama Breeze locations and convert 14 others to different Darden brands reflects the company's broader strategy of focusing on its stronger-performing concepts. This could signal increased scrutiny of underperforming brands within the portfolio.

Red Lobster Legacy: Darden's former brand Red Lobster, which was sold in 2014, filed for Chapter 11 bankruptcy in 2024 and emerged under new ownership in 2025. While The Capital Grille was not affected by this, the Red Lobster experience has informed Darden's approach to brand portfolio management and strategic decision-making.

Brands Owned by Darden Restaurants

Cheddar's Scratch KitchenFood Service Restaurants

Cheddar's Scratch Kitchen

Owned by Darden Restaurants

American casual dining restaurant chain specializing in value-focused comfort food, owned by Darden Restaurants Inc.

comfort-foodcasual-diningvalue-focused
LongHorn SteakhouseFood Service Restaurants

LongHorn Steakhouse

Owned by Darden Restaurants

American casual dining steakhouse chain with 591 company-owned locations, owned by Darden Restaurants Inc. (NYSE: DRI).

steakhousecasual-diningrestaurant-chain
Olive GardenFood Service Restaurants

Olive Garden

Owned by Darden Restaurants

American casual dining chain specializing in Italian-American cuisine, owned by Darden Restaurants (NYSE: DRI). Over 900 locations and $5.2 billion in annual sales.

italian-americancasual-diningdarden-restaurants
Ruth's Chris Steak HouseFood Service Restaurants

Ruth's Chris Steak House

Owned by Darden Restaurants

American fine dining steakhouse chain specializing in USDA Prime steaks, owned by Darden Restaurants.

steakhousefine-diningrestaurant
Seasons 52Food Service Restaurants

Seasons 52

Owned by Darden Restaurants

American casual dining restaurant chain specializing in seasonal fresh grill cuisine and wine, owned by Darden Restaurants Inc.

fresh-grillseasonal-menuwine-bar
Yard HouseFood Service Restaurants

Yard House

Owned by Darden Restaurants

American casual dining restaurant chain known for its extensive craft beer selection and American cuisine, owned by Darden Restaurants.

casual-diningcraft-beeramerican-cuisine
View all brands owned by Darden Restaurants

Frequently Asked Questions About The Capital Grille

Sources & Further Reading

  • [Darden Restaurants FY2026 Q4 and Full Year Results](
  • [Darden Restaurants SEC Filing (10-K, May 2026)](
  • [CNBC: Darden Restaurants Q4 2026 Earnings](
  • [Darden Restaurants: Bahama Breeze Strategic Alternatives](
  • [CNN: Bahama Breeze Closing All Locations](
  • [Darden Restaurants Official Website](
  • [Darden Investor Relations](
  • [The Capital Grille Official Website](
  • [Wikidata: Darden Restaurants](

Competitors to The Capital Grille

These competing brands operate in the same categories and provide similar products or services. Compare key attributes to understand market positioning and competitive landscape.

BrandParent CompanyCountryFoundedMarket PositionPrimary MarketGender Target
Fleming's Prime Steakhouse and Wine BarFleming's Prime Steakhouse and Wine Bar
Bloomin Brands
United States
1998
PremiumNorth americaAll Genders
LongHorn SteakhouseLongHorn SteakhouseSister Brand
Darden Restaurants
United States
1981
Mass marketUnited statesAll Genders
Ruth's Chris Steak HouseRuth's Chris Steak HouseSister Brand
Darden Restaurants
USA
1965
PremiumUnited statesAll Genders
Outback SteakhouseOutback Steakhouse
Bloomin Brands
USA
1988
Mass marketGlobalAll-ages
Seasons 52Seasons 52Sister Brand
Darden Restaurants
United States
2003
Mass marketUnited statesAll Genders

Learn More About Competitors

Fleming's Prime Steakhouse and Wine BarFood Service Restaurants

Fleming's Prime Steakhouse and Wine Bar

Owned by Bloomin' Brands Inc.

Upscale American steakhouse chain known for prime beef and extensive wine selection, owned by Bloomin' Brands.

steakhousefine-diningrestaurant-chain
LongHorn SteakhouseFood Service Restaurants

LongHorn Steakhouse

Owned by Darden Restaurants

American casual dining steakhouse chain with 591 company-owned locations, owned by Darden Restaurants Inc. (NYSE: DRI).

steakhousecasual-diningrestaurant-chain
Ruth's Chris Steak HouseFood Service Restaurants

Ruth's Chris Steak House

Owned by Darden Restaurants

American fine dining steakhouse chain specializing in USDA Prime steaks, owned by Darden Restaurants.

steakhousefine-diningrestaurant
Outback SteakhouseFood Service Restaurants

Outback Steakhouse

Owned by Bloomin' Brands Inc.

American casual dining steakhouse chain with Australian theme, owned by Bloomin' Brands Inc.

steakhousecasual-diningaustralian-theme
Seasons 52Food Service Restaurants

Seasons 52

Owned by Darden Restaurants

American casual dining restaurant chain specializing in seasonal fresh grill cuisine and wine, owned by Darden Restaurants Inc.

fresh-grillseasonal-menuwine-bar

Competitive Analysis

Market Positioning: The Capital Grille competes with 5 brands in the same categories, ranging from mass market to luxury positioning.

Geographic Distribution: Competitors are headquartered across multiple regions, indicating global competition in this market segment.

Brand Heritage: Competitor brands range from established heritage brands to newer market entrants, with founding years spanning several decades.

Independent Alternatives to The Capital Grille

Looking for brands with different ownership structures? These similar brands are not owned by Darden Restaurants, giving you alternative choices that support different corporate structures.

California Pizza KitchenFood Service Restaurants

California Pizza Kitchen

Owned by California Pizza Kitchen, Inc.

American casual dining restaurant chain known for innovative gourmet pizzas and California-inspired cuisine.

casual-diningpizzagourmet
Privately Owned

California Pizza Kitchen is privately owned, unlike The Capital Grille which is under a publicly traded parent company.

Del TacoFood Service Restaurants

Del Taco

Owned by Del Taco, Inc.

American quick-service restaurant chain specializing in Mexican-inspired cuisine. Founded in 1964. Owned by Yadav Enterprises since December 2025.

mexican-foodquick-servicetacos
Privately Owned

Del Taco is privately owned, unlike The Capital Grille which is under a publicly traded parent company.

Freddy's Frozen Custard & SteakburgersFood Service Restaurants

Freddy's Frozen Custard & Steakburgers

Owned by Freddy's Frozen Custard & Steakburgers, Inc.

American casual dining restaurant chain specializing in frozen custard, steakburgers, and hot dogs.

frozen-custardsteakburgerscasual-dining
Privately Owned

Freddy's Frozen Custard & Steakburgers is privately owned, unlike The Capital Grille which is under a publicly traded parent company.

HootersFood Service Restaurants

Hooters

Owned by Hooters of America, LLC

American casual dining restaurant chain known for chicken wings, seafood, and casual atmosphere. Reacquired by original founding group in October 2025 following Chapter 11 bankruptcy.

casual-diningchicken-wingsseafood
Privately Owned

Hooters is privately owned, unlike The Capital Grille which is under a publicly traded parent company.

Panda ExpressFood Service Restaurants

Panda Express

Owned by Panda Restaurant Group

American fast-casual Chinese-American restaurant chain offering wok-prepared dishes and Asian-inspired cuisine.

chinese-foodfast-casualasian-cuisine
Privately Owned

Panda Express is privately owned, unlike The Capital Grille which is under a publicly traded parent company.

Red LobsterFood Service Restaurants

Red Lobster

Owned by RL Investor Holdings LLC

American casual seafood dining chain founded in 1968, now owned by RL Investor Holdings after emerging from Chapter 11 bankruptcy in September 2024.

seafoodcasual-diningcheddar-bay-biscuits
Privately Owned

Red Lobster is privately owned, unlike The Capital Grille which is under a publicly traded parent company.

Darden Restaurants Stock Information

Jobs at Darden Restaurants

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Last reviewed: August 1, 2026 · Reviewed by Who Brands Editorial Team