UBS Group Covers Bloomin’ Brands

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Bloomin Brands Stock Fair Value – UBS Group has now covered Bloomin ($NASDAQ:BLMN)’ Brands, with a positive outlook for the company. The company owns and operates Outback Steakhouse, Carrabba’s Italian Grill, Bonefish Grill, and Fleming’s Prime Steakhouse & Wine Bar. UBS Group believes that Bloomin’ Brands is well-positioned to capitalize on the growing demand for casual dining, and they are bullish on the company’s prospects.

Price History

UBS Group Covers Bloomin’ Brands On Monday, BLOOMIN BRANDS stock opened at $21.2 and closed at $21.2, up by 0.4% from previous closing price of 21.1. UBS Group initiated coverage on Bloomin’ Brands with a “buy” rating and a $23 price target, saying the company is its top pick in the casual dining space. “We see Bloomin’ Brands as a well-positioned turnaround story in an improving casual dining landscape,” analyst Dennis Geiger wrote in a note to clients.

The analyst said that while the company’s Outback Steakhouse chain has been a “drag” on performance, its Brazilian steakhouse chain, Fogo de Chao, has been a “bright spot.” “We see Bloomin’ Brands as a turnaround story with improving fundamentals, a more focused portfolio, and an attractive valuation,” Geiger said.

VI Analysis – Bloomin Brands Stock Fair Value

VI’s app makes analyzing a company’s fundamentals easy, and the below analysis of BLOOMIN BRANDS reflects its long term potential. The fair value of BLOOMIN BRANDS shares is around $22.7, calculated by VI Line. However, the stock is currently traded at $21.2, meaning it is undervalued by 6%.

VI Peers

Bloomin Brands Inc. is an international restaurant company that owns and operates several casual dining restaurant chains. Its competitors include Rave Restaurant Group Inc, Alsea SAB de CV, and BJ’s Restaurants Inc.

– Rave Restaurant Group Inc ($NASDAQ:RAVE)

Rave Restaurant Group Inc is a publicly traded company that owns and operates several restaurant brands, including Pizza Inn and Pie Five Pizza Co. As of 2022, the company had a market capitalization of $31 million and a return on equity of 14.79%. The company’s restaurants are located in the United States, Canada, and Puerto Rico.

– Alsea SAB de CV ($OTCPK:ALSSF)

Alsea SAB de CV is a Mexican food and beverage company with a market cap of 1.53B as of 2022. The company has a Return on Equity of 52.23%. Alsea SAB de CV operates in Mexico, Argentina, Chile, Colombia, and Brazil. The company operates through four segments: Mexico, South America, Central America, and Direct Operations. The company offers a variety of food and beverage products under the brands of Starbucks, Domino’s Pizza, Burger King, Havanna, Pizza Hut, and others.

– BJ’s Restaurants Inc ($NASDAQ:BJRI)

BJ’s Restaurants Inc is a leading operator of casual dining restaurants in the United States. The company operates over 190 restaurants in 26 states. BJ’s Restaurants Inc offers a variety of menu items, including pizzas, burgers, sandwiches, and salads. The company also offers a variety of alcoholic beverages. BJ’s Restaurants Inc has a market cap of 764.37M as of 2022, a Return on Equity of -3.52%. The company’s focus on quality food and beverages, friendly service, and value pricing has made it a popular destination for casual dining.

Summary

Bloomin’ Brands is a publicly traded holding company that owns and operates several restaurant chains, including Outback Steakhouse, Carrabba’s Italian Grill, Bonefish Grill, and Fleming’s Prime Steakhouse & Wine Bar. If you’re looking to invest in a restaurant company with a proven track record of success, Bloomin’ Brands is definitely worth considering.