Added to YB: 2024-07-16
Pitch date: 2024-07-15
BLMN [bullish]
Bloomin' Brands, Inc.
-58.07%
current return
Author Info
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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
$576.9M
Pitch Price
$16.24
Price Target
N/A
Dividend
N/A
EV/EBITDA
5.30
P/E
18.17
EV/Sales
0.69
Sector
Hotels, Restaurants and Leisure
Category
turnaround
Quick Value #226 - Bloomin' Brands (BLMN)
BLMN: Casual dining chain down 40% YTD. Starboard activist pushing for operational improvements. 10% stake, 2 board seats. $220M ASR at $27 vs $18 now. 5.3% yield. EV/EBITDA 7.1x vs peers 9-13x. CEO retiring, Brazil ops for sale. Low leverage but opening new locations amid headwinds. Cheap but risky.
Read full article (2 min)