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Stock impact report

Bloomin' Brands Is A Long-Term Survivor, But Has Near-Term Challenges: Analyst [Yahoo! Finance]

Bloomin' Brands, Inc. (BLMN) 
Last bloomin' brands, inc. earnings: 2/18 07:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
J.P. Morgan analyst John Ivankoe cut the price forecast for Bloomin' Brands, Inc. (NASDAQ: BLMN ) from $13.00 to $10.00 while retaining a Neutral rating The analyst says that the transition of the previously owned Brazil business to a royalty-based, capital-light model, combined with reduced capital expenditure for new units and strong liquidity, positions the brand and company for long-term success. Meanwhile, the analyst says that near-term challenges remain. Ivankoe says the company has relied too heavily on strategies such as menu price hikes, extended dayparts like 7-day lunch, third-party delivery, and annual cost-efficiency goals. With a new management team focused on addressing price value, simplifying operations, and leveraging a strong balance sheet to support a multi-year capital improvement plan, there is still time to revitalize these brands and businesses and prevent them from fading into obscurity, adds the analyst. The analyst assumes a significant shift in ca Show less Read more
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