What's Going On With Bloomin' Brands Stock Today?
Portfolio Pulse from Vandana Singh
Bloomin' Brands Inc's shares are trading higher after activist investor Starboard Value disclosed a 9.9% stake in the company. The intentions of Starboard are unclear, but in the past, activist investors have urged Bloomin' to reduce expenses and separate some of its brands. Bloomin' Brands reported a 2.4% YoY sales growth in Q2 FY23, in line with consensus. The company's stock has surged almost 30% YTD, rebounding from pandemic setbacks.
August 18, 2023 | 2:32 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Bloomin' Brands shares are trading higher after Starboard Value disclosed a 9.9% stake. The stock has surged almost 30% YTD, rebounding from pandemic setbacks.
The disclosure of a significant stake by an activist investor often leads to a rise in the stock price, as it suggests potential changes that could increase shareholder value. The YTD surge also indicates a positive market sentiment towards the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Analysts have noted that Bloomin' Brands trades at a discount relative to peers, including Darden Restaurants Inc.
The mention of Darden Restaurants Inc is in comparison to Bloomin' Brands. It does not directly impact DRI's stock but provides context about the industry valuation.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Analysts have noted that Bloomin' Brands trades at a discount relative to peers, including Restaurant Brands International.
The mention of Restaurant Brands International is in comparison to Bloomin' Brands. It does not directly impact QSR's stock but provides context about the industry valuation.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50