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Stockchase Opinions

Jim Cramer - Mad MoneyBloomin' BrandsBLMNRISKYAug 21, 2023

Given the impressive track record of new investor, Starboard (Papa John's and Dardens), BLMN looks promising. Trades at 9.4x PE this year, lower than Darden, Cracker Barrel and other peers. Their last quarter delivered in-line sales and decent earnings, but the bar was low. Domestic sales grew only 0.8%. Stocks tumbled after that report. Something's wrong here. So, Starboard could turn this chain around like they've done with other chains.

$27.52

Stock price when the opinion was issued

$8.29

As of Jun 12, 2026. Market Open.

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COMMENT
Options moves: It was $18.50, and buyers were buying 12,000ths--a big trade--equalling 1.2 million shares of the April $22.50 calls. He bought at the money and hopes to sell higher strikes at this rallies.