Company Name	Net debt + pfd equity + minority int	Enterprise value	Number of shares	Stock price	Earnings / share	EBITDA	Revenue	EBIT	Book value / share
Peer	Bloomin' Brands, Inc. (NasdaqGS:BLMN)	1,249.5	3,424.5		$97.10	$5.80	265.4	3,664.6	148.8	$22.80				EV/EBITDA	EV/EBIT	EV/Revenue	P/E	P/B
Peer	Brinker International, Inc. (NYSE:EAT)	2,293.9	4,194.2		$39.10	$1.80	349.8	4,077.4	154.5	-$12.10			For each multiple, what is the 25th percentile for the relevant peer group?
Peer	BT Brands, Inc. (NasdaqCM:BTBD)	(9.2)	25.0		$1.10	-$0.30	4.4	12.8	6.1	$0.40			For each multiple, what is the 40th percentile for the relevant peer group?
Peer	Chipotle Mexican Grill, Inc. (NYSE:CMG)	(3.4)	9.8		$2.00	$0.20	0.6	12.3	0.1	$1.50			For each multiple, what is the median for the relevant peer group?
Peer	Chuy's Holdings, Inc. (NasdaqGS:CHUY)	119.7	660.7		$29.40	$1.40	51.8	477.2	30.3	$11.40			For each multiple, what is the mean for the relevant peer group?
Peer	Cracker Barrel Old Country Store, Inc. (NasdaqGS:CBRL)	(11.8)	42.6		$1.70	-$0.40	5.5	31.0	6.2	$0.40			For each multiple, what is the 60th percentile for the relevant peer group?
Peer	Domino's Pizza, Inc. (NYSE:DPZ)	1,988.8	3,218.4		$9.90	$0.30	582.2	2,959.4	(108.5)	$1.00			For each multiple, what is the 75th percentile for the relevant peer group?
Peer	Freshii Inc. (TSX:FRII)	30.7	427.5		$10.90	$0.60	32.1	29.2	26.6	-$1.40
Peer	McDonald's Corporation (NYSE:MCD)	45,932.7	288,536.2		$297.60	$8.10	12,248.9	25,382.3	11,447.9	-$14.10				EV/EBITDA	EV/EBIT	EV/Revenue	P/E	P/B
Peer	Muscle Maker, Inc. (NasdaqCM:GRIL)	1,849.5	3,785.6		$36.60	$1.10	192.3	3,470.6	96.2	$1.60			For each multiple, what is the estimated share price for Darden Restaurants based on a peer multiple computed from the 25th percentile for the relevant peer group?
Peer	Pizza Pizza Royalty Corp. (TSX:PZA)	16,612.2	40,965.4		$69.90	$3.60	2,374.3	6,864.6	2,124.2	-$52.90			For each multiple, what is the estimated share price for Darden Restaurants based on a peer multiple computed from the 40th percentile for the relevant peer group?
Peer	Restaurant Brands International Inc. (NYSE:QSR)	5,496.0	19,824.0		$374.10	$14.00	894.1	5,147.9	763.3	-$26.90			For each multiple, what is the estimated share price for Darden Restaurants based on a peer multiple computed from the median for the relevant peer group?
Peer	Starbucks Corporation (NasdaqGS:SBUX)	660.2	7,505.8		$99.50	$3.90	478.4	4,131.2	335.3	$13.30			For each multiple, what is the estimated share price for Darden Restaurants based on a peer multiple computed from the mean for the relevant peer group?
Peer	Super Foods (NYSE:SF)	12,106.7	51,310.7		$135.00	$4.70	2,401.2	7,203.0	2,239.5	-$34.10			For each multiple, what is the estimated share price for Darden Restaurants based on a peer multiple computed from the 60th percentile for the relevant peer group?
Peer	Texas Roadhouse, Inc. (NasdaqGS:TXRH)	2,268.1	4,218.0		$20.70	$1.10	545.9	4,416.6	347.8	-$6.10			For each multiple, what is the estimated share price for Darden Restaurants based on a peer multiple computed from the 75th percentile for the relevant peer group?
Peer	The Cheesecake Factory Incorporated (NasdaqGS:CAKE)	2,948.2	46,187.8		$1,527.90	$30.90	1,399.9	9,348.7	1,196.6	$95.60
Peer	Yum! Brands, Inc. (NYSE:YUM)	22,270.1	144,625.6		$106.60	$2.80	6,188.4	36,410.6	4,924.0	-$11.50			What is the floor (based on the 25th percentile) of the estimated share price from market comps for Darden Restaurants if estimates based on various multiples are given the weights noted in the table below
Subject	Darden Restaurants, Inc. (NYSE:DRI)	6,196.9	27,294.9	137.0	$154.00	$7.50	1,646.2	10,453.7	1,239.4	$1.60			What is the ceiling (based on the 75th percentile) of the estimated share price from market comps for Darden Restaurants if estimates based on various multiples are given the weights noted in the table below
	Work Area	Do not add any rows or columns to this spreadsheet, but you can work as much as you want in the area below					Multiple	EV/EBITDA	EV/EBIT	EV/sales	P/E	P/B
													Weight	17%	31%	3%	46%	3%