|Bid||24.37 x 100|
|Ask||24.44 x 100|
|Day's Range||24.16 - 24.75|
|52 Week Range||16.11 - 24.85|
|PE Ratio (TTM)||24.11|
|Forward Dividend & Yield||0.36 (1.50%)|
|1y Target Est||N/A|
He rejoins Brian Niccol, who was the CEO at Taco Bell before taking over the same post at Chipotle earlier this month.
Elizabeth Smith, chairman and CEO of Bloomin’ Brands Inc., received a 35 percent increase in compensation in 2017. Smith’s pay package went up as Bloomin’s revenue fell and the Tampa-based parent company of Outback Steakhouse and other restaurant concepts faced calls from activist investors to consider a sale or other strategic alternatives. Bloomin’ (BLMN), one of the largest companies headquartered in the Tampa Bay area, has been caught up in an oversaturated restaurant market, with casual dining chains losing market share.
In the face of compromise, Jana Partners’ group of activists seeking change at Bloomin’ Brands has come apart like a Bloomin’ Onion appetizer at Outback Steakhouse. Jana had announced the formation of a group in a November regulatory filing that sought changes at Bloomin’ Brands (BLMN), parent company of Outback, Carrabba’s Italian Grill and other restaurants. The hedge fund had joined up with Glenn K. Murphy and Neal Yanofsky, and wanted to meet with Bloomin’ Brands brass for an uncomfortable discussion about “strategic alternatives,” including the sale of the company.
A veteran of the restaurant industry is joining the board of directors of Bloomin’ Brands Inc. Wendy Beck was appointed to the board of Tampa-based Bloomin’ Brands (BLMN), as part of an agreement with Jana Partners, an activist investor that has said it wants to talk to Bloomin’ about strategic alternatives , including a potential sale. Jana is one of two investment groups that have raised concerns about the financial performance of Bloomin’ Brands and its restaurant concepts: Outback Steakhouse, Carrabba’s Italian Grill, Bonefish Grill and Fleming’s Prime Steakhouse and Wine Bar.
Bloomin’ Brands hopes to build its takeout and delivery business to answer consumer demands for dining more at home.
Bloomin' Brands Inc. shares jumped 9% in Thursday trading after the restaurant company reported fourth-quarter earnings and revenue that beat estimates. Bloomin' Brands chains include Outback Steakhouse ...
Bloomin’ Brands Inc (NASDAQ:BLMN), a hospitality company based in United States, received a lot of attention from a substantial price movement on the NasdaqGS in the over the last fewRead More...
On a per-share basis, the Tampa, Florida-based company said it had profit of 17 cents. Earnings, adjusted for one-time gains and costs, were 41 cents per share. The results topped Wall Street expectations. ...
An activist investor is calling for Bloomin’ Brands to spin off some of its restaurant brands, revamp its board of directors and adopt more aggressive cost-cutting goals, arguing the Outback Steakhouse-operator ...
Barington Capital Group, which represents a group of Bloomin' Brands Inc. investors, said Wednesday that it would like to see Outback Steakhouse operate independently. In a letter sent to the restaurant ...
Activist investor Barington Capital Group, L.P. wants Outback Steakhouse owner Bloomin' Brands Inc to spin off three smaller restaurant chains into a new company, cut costs and improve diners' experiences, steps it says can double its flagging share price. In a letter to Bloomin' Brands Chairman and Chief Executive Officer Elizabeth Smith, the hedge fund urged the company to separate Bonefish Grill, Carrabbas and Flemings into a new company and run Outback independently.
Barington Capital's Jim Mitarotonda says Outback Steakhouse's parent company, Bloomin' Brands, has become too complicated. He wants it to spin off smaller chains, including Bonefish Grill.
An executive credited with turning around the ailing Liz Claiborne company has agreed to stand for election to the board of directors of Bloomin’ Brands Inc. Jana Partners is the activist investment fund pushing Bloomin’ (BLMN) to consider strategic alternatives, including a possible sale of the company.
Goldman Sachs analysts believe the Winter Olympics are a near-term risk to restaurants, though they are favorable to the restaurant sector.
The restaurant sector, especially in the domestic market, is likely to benefit from multiple tailwinds , including tax reform and strong demand, according to Goldman Sachs. But some names will perform ...
Five Tampa Bay companies are among the 10 Florida firms included in the new Fortune magazine list of the “World’s Most Admired Companies.” Publix Super Markets Inc., Raymond James Financial Inc. (NYSE: ...
Chris Sullivan, Outback Steakhouse co-founder, has resigned from the board of directors of Outback parent company Bloomin’ Brands Inc. "All is good with [Bloomin' Brands] and I am going to focus on several opportunities that I am currently involved with," he told the Tampa Bay Business Journal in an email on Monday. Bloomin (BLMN), the $4 billion Tampa-based company whose portfolio also includes Carrabba’s Italian Grill, Bonefish Grill and Fleming’s Prime Steakhouse and Wine Bar, disclosed Sullivan's Dec. 6.