Professional
Added to YB: 2026-04-15
Pitch date: 2026-04-13
BLMN [bullish]
Bloomin' Brands, Inc.
+10.52%
current return
Author Info
No bio for this author
Company Info
Bloomin' Brands, Inc., through its subsidiaries, owns and operates casual, polished casual, and fine dining restaurants in the United States and internationally.
Market Cap
$505.5M
Pitch Price
$5.80
Price Target
N/A
Dividend
N/A
EV/EBITDA
5.25
P/E
59.30
EV/Sales
0.62
Sector
Hotels, Restaurants and Leisure
Category
turnaround
Miller Deep Value Strategy New Position: Bloomin' Brands, Inc.
BLMN (new position): Casual dining turnaround play w/ $4B rev (Outback, Carrabbas). Starboard Value 9%+ stake driving transformation: new CEO, remodeled Outbacks by 2028, improved steak lineup inflecting traffic. Trading <4x fwd EV/EBITDA, <6x P/E on trough earnings vs peers mid-teens margins. Normalized $500M+ EBITDA, ~$440M FCF ≈ current mkt cap. Multibagger potential if turnaround succeeds. Risk: weather/beef cost pressures.
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