|Bid||17.90 x 100|
|Ask||23.02 x 100|
|Day's range||20.75 - 22.00|
|52-week range||16.11 - 22.96|
|PE ratio (TTM)||26.79|
|Earnings date||22 Feb 2018|
|Forward dividend & yield||0.32 (1.54%)|
|1y target est||21.86|
Goldman Sachs analysts believe the Winter Olympics are a near-term risk to restaurants, though they are favorable to the restaurant sector.
Bloomin' Brands shows rising price performance, earning an upgrade to its IBD Relative Strength Rating from 77 to 81.
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.
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.
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.
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.