BLMN News and Press, Bloomin' Brands Inc. From 12/07/20

Restaurant stocks are broadly lower on the day, although the damage is less severe than some other sessions with striking negative COVID-19 developments. It appears more investors are looking to 2021 and the vaccine relief than panic selling.Included in today's COVID headlines are a tightenin...

Chuy's is a strong, small player in the casual dining segment with a lot of room to grow. The market is penalizing Chuy's for margin contraction during a period where Chuy's is prioritizing growth. I believe Chuy's should be priced 40% higher, with even greater upside potential if...

Texas Roadhouse is a great company that has exhibited consistent growth and stable margins for over a decade. The casual dining segment is poised to continue its recent strength following the recent announcement of a COVID-19 vaccine. At a current price of $75, it is reasonable to...

Barry Rosenstein’s Jana Partners portfolio value stands at $1.1B according to its latest 13F, and discloses updated portfolio positions.The fund added new positions in Encompass Health (EHC), New Relic (NEWR), Brinks (BCO).Beefed up stakes in Perspecta (PRSP) (~12.8M from ~9....

Investors are showing some confidence in dine-in restaurant stocks as today's Moderna vaccine news outweighs short-term concerns over new COVID-19 restrictions. Moderna reported a 94.5% efficacy rate for its COVID-19 vaccine in a Phase 3 trial without any safety concerns. Notable gainers in t...

Morgan Stanley sees upward wage pressure as a cost headwind for consumer retail stocks in general. In particular, the MS analyst team points to the new state-level minimum wage in Florida of $15 per hour (phased in) as a headwind for companies doing business in the Sunshine State. The retail ...

The vaccine relief rally has worn off in the restaurant sector as the reality of escalating COVID-19 hospitalizations across multiple states dampens the short-term outlook for dine-in traffic. Decliners include Red Robin Gourmet Burgers ([[RRGB]] -4.9%), Darden Restaurants ([[DRI]] -4.3%), Da...

Shares of casual-dining stocks including Bloomin' Brands (NASDAQ: BLMN) , Brinker International (NYSE: EAT) , Dine Brands Global (NYSE: DIN) , and Texas Roadhouse (NASDAQ: TXRH) are moving higher today after Pfizer (NYSE: PFE) and BionTech (NASD...

Pfizer's announcement early this morning of a 90% efficacy rate for its COVID-19 vaccine in initial testing has investors scrambling. In the Internet retail sector, big early drops are being seen for Wayfair (W) -12.67%, Etsy (ETSY) -12.17%, Overstock.com (OSTK) -11.99%, Chewy ...

Shares of Dave & Buster's (NASDAQ: PLAY) , Bloomin' Brands (NASDAQ: BLMN) , and The Chefs' Warehouse (NASDAQ: CHEF) all dropped roughly 10% on Monday as the broader markets reacted to a jump in coronavirus cases in the U.S. and overseas, which could signal troubl...