Published on 19 Sep 2024 on Insider Monkey · via Yahoo Finance
Bloomin’ Brands, Inc. (BLMN): A Bull Case Theory
We came across a bullish thesis on Bloomin’ Brands, Inc. (BLMN) on Value Don’t Lie’s Substack by Value Don’t Lie. In this article we will summarize the bulls’ thesis on BLMN. Bloomin’ Brands, Inc. share was trading at $16.84 as of Sept 9.
Bloomin' Brands, the owner of well-known sit-down casual dining chains like Outback Steakhouse, Carrabba's Italian Grill, Bonefish Grill, and Fleming's Steakhouse, has seen its stock drop sharply by nearly 40% since March 2024, following a period of relative stability from March 2021 to March 2024, where shares traded between $25 and $29. Despite the sell-off, Bloomin' offers a compelling investment opportunity due to its low valuation, activist involvement, and recent strategic changes.