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CMG - Bloomin Brands Should Bounce Following Dubious Downgrade
Chipotle Mexican Grill Inc.
What's the first thing that comes to mind when you think of Outback Steakhouse? I'm fairly certain you didn't say its pork chops. And yet, Outback's corporate parent, Bloomin' Brands (BLMN) plunged 10% last week following an analyst downgrade. BMO cut its outlook and price target for Bloomin' because it views it as among the restaurants most heavily exposed to African Swine Flu "ASF".
I normally don't follow Bloomin' Brands' stock too closely. However, I have been researching ASF a good deal. Several of my bigger holdings, including Hormel Foods (HRL),