Opinions
Jim Cramer - Mad Money
Bloomin' Brands
BLMN-Q
RISKY
Aug 21, 2023
$27.520
Stock price when the opinion was issued
food services
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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.