|Bid||17.60 x 40000|
|Ask||17.70 x 40000|
|Day's Range||17.60 - 17.80|
|52 Week Range||13.29 - 20.15|
|PE Ratio (TTM)||22.94|
|Forward Dividend & Yield||0.27 (1.51%)|
|1y Target Est||N/A|
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 ...
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.
Bloomin’ Brands Inc. has up to $1.5 billion in credit available, after signing a deal with a group of lenders led by Wells Fargo Bank. Bloomin’ disclosed the debt deal in a Dec. 5 filing with the U.S. Securities and Exchange Commission. The same filing also disclosed the six-figure severance payment that Christopher Brandt, chief brand officer, will get after he leaves the company at the end of the year.
Bloomin' Brands shows rising price performance, earning an upgrade to its IBD Relative Strength Rating from 77 to 81.
Casual dining is on the decline, but those who do eat at big-box, sit-down restaurants prefer a Tampa brand. Bonefish Grill, which is part of the Bloomin’ Brands Inc. (BLMN) portfolio, emerged as the overall No. 1 casual dining chain in a study of almost 8,000 consumers by Market Force Information in October. The study polled diners on five topics: technology, casual dining competitive benchmarks, casual dining satisfaction drivers, problem experiences and social media and branded apps.
A Relative Strength Rating upgrade for Bloomin' Brands shows improving technical performance. Will it continue?
Source: InsiderScore.com Fir Tree Partners issued a press release on Nov. 20 stating its opposition to SandRidge Energy’s proposed $746 million acquisition of Bonanza Creek Energy. The acquisition had been announced on Nov. 15. In its press release, Fir Tree commented, “Put simply, the proposed acquisition of Bonanza makes no economic or strategic sense.” In particular, Fir Tree noted three areas of concern.
Bloomin’ Brands Inc (NASDAQ: BLMN ) caught the eye of Jana Partners — the activist investor renowned for pressuring Whole Foods Market’s sale to Amazon.com, Inc. (NASDAQ: AMZN ). But Jana’s 8.7-percent ...
The following are the M&A deals, rumors and chatter circulating on Wall Street for Monday, Nov. 20, 2017: Marvell Technology to Acquire Cavium for $6B The Deal: Marvell Technology Group Ltd. (NASDAQ: ...
Shares of restaurant operator Bloomin' Brands (BLMN) closed the day up over 12% to $20.54 per share after activist investor Jana Partners disclosed an 8.7% stake in the company.
Jana Partners' Barry Rosenstein has acquired a large stake in Bloomin' Brands and said he may urge it to "explore a sale" in a move that comes after another insurgent fund has accumulated a stake....
Shares of Bloomin' Brands, owner of Outback Steakhouse, jumped on Monday after Jana Partners disclosed an 8.7% stake.
Here's what Farmer wrote in a Nov. 14 note: For each of the companies in our analysis we looked at: (1) the correlation between SSS and valuation, (2) current P/E and EV/EBITDA vs. the 5-year average, (3) the impact of a 1% change in SSS on 2018E EPS, (4) market share momentum (3Q17 SSS vs. casual dining index) and (5) current short interest as a % of float vs. the 5-year average (high short interest could drive short covering tailwind)...BJRI, BLMN and RRGB are the three companies in our analysis that have the strongest valuation correlation with SSS and the greatest EPS sensitivity to SSS. In addition, all three companies are currently trading at a healthy valuation discount to the 5-year average and saw 3Q17 SSS outperform the casual dining index.
While it is not unusual for corporate executives to cash out their options, Smith’s transactions occurred in the same week as Bloomin' (BLMN), the Tampa-based parent company of Outback Steakhouse and other restaurant concepts, laid off 55 employees, citing changes in consumer dining trends. The timing of the stock transaction and the job cuts are not related, said Joe Kager, founder and managing consultant at POE Group Inc., an independent compensation consulting firm in Tampa. A spokeswoman for Bloomin’ Brands also said the events were unrelated.
Bloomin' Brands Inc. (BLMN) is cutting its workforce in Tampa as casual dining continues to decline. The parent company of Outback Steakhouse, Carrabba's Italian Grill, Bonefish Grill and Fleming's Prime Steakhouse and Wine Bar on Wednesday laid off 55 employees, a spokeswoman confirmed Thursday. The layoffs are across different levels in the company, and Bloomin' plans to support the employees in their transition, the spokeswoman said.
New Jersey's highest court on Wednesday blocked TGI Fridays customers from pursuing a class-action lawsuit claiming that the restaurant chain failed to disclose drink prices on menus. A dissenting justice called the decision a "major blow" for consumer rights in the state. The state Supreme Court ruled 5-1 that customers in the 7-1/2-year-old case did not show their claims had enough in common to justify a group lawsuit.
Let's put Bloomin' Brands, Inc. (BLMN) stock into this equation and find out if it is a good choice for value-oriented investors right now
The Zacks Analyst Blog Highlights: Fiesta Restaurant Group, Bloomin' Brands, Darden Restaurants, Cracker Barrel and Cheesecake Factory
The Tampa, Florida-based company said it had net income of 35 cents per share. Earnings, adjusted for non-recurring gains, came to 28 cents per share. The results met Wall Street expectations. The average ...
Casual dining restaurant sales may be on the mend, but the sector's upturn wasn't enough for Outback Steakhouse owner Bloomin' Brands.