|Day Low/High||23.70 / 24.43|
|52 Wk Low/High||16.11 / 24.43|
Stocks declined in the last hour of trading on Wednesday.
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.
Highlights Sustained Period of Underperformance Under the Current Management Team
Dwindling sales and a plummeting stock, and still no activist in sight — at least for now.
Investors in Bloomin' Brands Inc saw new options begin trading this week, for the March 16th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the BLMN options chain for the new March 16th contracts and identified one put and one call contract of particular interest.
In recent trading, shares of Bloomin' Brands Inc have crossed above the average analyst 12-month target price of $21.39, changing hands for $21.59/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level.
The $192 million cash and stock deal will create a combined company with about 75 restaurant brands and annual sales of more than $2 billion.
Many of the casual dining stocks haven't participated in this year's rally.
Many of these names haven't participated in this year's rally.
Jonathan Heller writes that consumers and retailers love gift cards. But are they good for investors?
It was a strong day across the board on Wall Street with all three major U.S. averages closing in the green.
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.
Consumers will buy billions upon billions of dollars of gift cards this holiday season, to the ongoing delight of their issuers and sellers.
A study of analyst recommendations at the major brokerages shows that Bloomin' Brands Inc is the #86 broker analyst pick among those stocks screened by The Online Investor for strong stock buyback activity. To make that list, a stock must have repurchased at least 5% of its outstanding shares over the trailing twelve month period.
With Blue Apron shares down nearly 70% since its June IPO, it may need outside help. Will it be private equity? A major grocer? Or itself.
Stock futures hold higher on Friday, Nov. 3, as job growth rebounds in October after hurricanes wreaked havoc with the September number.
With McDonald's doing better, who is it hurting? If you say Burger King -- wrong!
Investors in Bloomin' Brands Inc saw new options begin trading this week, for the December 15th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the BLMN options chain for the new December 15th contracts and identified one put and one call contract of particular interest.
Mohan Also Joins Compensation Committee
See, Millennials haven't ruined everything. There are some pretty good fast casual deals!
Investors in Bloomin' Brands Inc saw new options become available this week, for the November 17th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the BLMN options chain for the new November 17th contracts and identified one put and one call contract of particular interest.
Apart from the big chains, very few restaurant companies have done well this year.
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