20.83 0.00 (0.00%)
After hours: 4:30PM EST
|Bid||15.27 x 100|
|Ask||22.75 x 400|
|Day's range||20.04 - 20.93|
|52-week range||16.11 - 22.16|
|PE ratio (TTM)||23.09|
|Earnings date||15 Feb 2018 - 19 Feb 2018|
|Forward dividend & yield||0.32 (1.75%)|
|1y target est||20.00|
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.
Shares of Bloomin' Brands, owner of Outback Steakhouse, jumped on Monday after Jana Partners disclosed an 8.7% stake.
Activist Jana Partners acquired the stake as of Nov. 10, making it Bloomin Brands' second-largest outside shareholder.
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.
On Tuesday, shares of Buffalo Wild Wings (BWLD) are soaring, up around 24% to $145.50 per share in midday trading after Roark Capital Group, the private equity firm that owns Arby's, Carl's Jr., and other fast-food brands, made a significant takeover bid for the chicken wing chain.
Bloomin' Brands Inc. shares fell 1.7% in Friday premarket trading after the restaurant company reported third-quarter earnings that missed estimates and revised its full-year guidance lower. Bloomin' Brands ...
The Tampa, Florida-based company said it had profit of 5 cents per share. Earnings, adjusted for one-time gains and costs, came to 12 cents per share. The results fell short of Wall Street expectations. ...
Hurricane Harvey's heavy rainfall and record flooding pummeled restaurant sales last week in Texas, and Hurricane Irma's wrath isn't too far behind.
Heavy rainfall and flooding battered restaurant sales in August, and that trend looks like it will continue well into September.
Hurricane Irma is set to make landfall in Florida this weekend, and that could be bad news for the restaurant industry.
Casual dining restaurant sales may be on the mend, but the sector's upturn wasn't enough for Outback Steakhouse owner Bloomin' Brands.
There seems to be more risk than reward in owning casual dining stocks. At least, that's the conclusion that J.P. Morgan analyst John Ivankoe has come to.
While restaurants have struggled in the last year to keep sales positive, one sector is thriving: steakhouses.