Why is Starboard Value so upset? Well, for one, it's all about money. Since Darden agreed to sell Red Lobster, its stock has dropped 11%. For a hedge fund that owns 7% of it, that equates to a paper loss of about $70 million. The rest of Darden's shareholders have lost $930 million and they can't be too happy either. In the past five years, shares of Darden Restaurants have underperformed the S&P 500 by 66%. Compare Darden to other restaurant stocks and it does even worse. Shares of Darden Restaurants have trailed those of its closest direct peers by a whopping 296%.