BLMN News and Press, Bloomin' Brands Inc. From 02/17/21

David Tepper's Appaloosa takes new position in Laboratory Corporation of America Holdings (LH) with 811K shares and TreeHouse Foods (THS) with 2.03M shares.Adds position in Perspecta (PRSP) and Encompass Heath (EHC).Exits stake in Callaway Golf (ELY) and HD Supply (HDS).Cuts stake in New Reli...

Investment giant KKR & Co. (KKR) is joining Wall Street’s SPAC IPO craze in a big way, teaming up with Lululemon Athletica Chairman Glenn Murphy to raise as much as $1.15 billion for special purpose acquisition company. KKR and Murphy wrote in an S-1 IPO filing with the U.S. Securi...

Bloomin’ Brands, Inc. (Nasdaq: BLMN) will release results for the fiscal fourth quarter ended December 27, 2020, on Thursday, February 18, 2021, at approximately 7:00 AM EST, which will be followed by a conference call to review its financial results at 8:30 AM EST the same day. ...

The restaurant sector has had a volatile week as the Q4 earnings season begins and COVID-19 developments weigh on dine-in operations in some regions. Also in the mix, some restaurant stocks with a high level of short interest as a percentage of total float are seeing extra volatility over the...

The worst is over for Bloomin' Brands (NASDAQ: BLMN) . The parent company of casual-dining chains like Outback Steakhouse and Bonefish Grill struggled when the coronavirus reached the Americas. Most of its restaurants are in the U.S., and restrictions for dining-room seating set its...

Investors should add to their exposure to casual dining stocks  as "some of the long-term structural margin gains and independent to chain share shifts may be overstated by investors" in the sector, JPMorgan says.Restaurant spending is improving to -20% Y/Y in H1 January from -27% in Dec...

The combination of a raised minimum wage and elimination of a tip credit for servers could be another blow to the low-margin restaurant industry reeling from COVID-19. But publicly traded restaurants showed no sign concern, even as President Joe Biden signed an executive order directing ...

Coronavirus tailwinds will continue to hurt traditionally strong Q1 and Q2 earnings. The company's balance isn't in great shape which means that its dividend payout will continue to be stalled. The company fails to cater to millennials and trends are out of the company's control. ...

Bloomin' shares have rallied 80%+ since my bullish call over the summer. Given this, I think shares are fully valued today at best. With the prospect of dining rooms operating at pre-pandemic levels still bleak, I'm moving to neutral on Bloomin' Brands. For further details s...

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...