Slowing same-store sales trends drive downgrades at Olive Garden's Darden Restaurants, Bloomin' Brands and other restaurant companies [MarketWatch]
Bloomin' Brands, Inc. (BLMN)
Last bloomin' brands, inc. earnings: 2/18 07:00 am
Check Earnings Report
US:NASDAQ Investor Relations:
investors.bloominbrands.com/investor-relations
Company Research
Source: MarketWatch
Slowing same-store sales trends drive downgrades at Olive Garden's Darden Restaurants, Bloomin' Brands and other restaurant companies BMO Capital Markets analysts downgraded a number of restaurant company stocks, including Olive Garden parent Darden Restaurants Inc. DRI, +0.00% and Outback parent Bloomin' Brands Inc. BLMN, -3.97% based on "decelerating industry trends" and commodity deflation. Olive Garden just reported better-than-expected same-store sales in the most recent quarter, but BMO analysts are concerned about the impact commodity prices could have on Longhorn Steakhouse. Analysts expressed the same concern about Outback, Brinker International Inc.'s EAT, -3.67% Chili's brand, Texas Roadhouse Inc. trxh and Chuy's Holdings Inc. CHUY, -10.16% "We are shifting to a more cautious view of casual dining as industry comp trends likely will decelerate beginning in 4Q18, driven by a widening food-at-home/food-away-from-home price gap," BMO wrote. Darden was downgraded
Show less
Read more
Impact Snapshot
Event Time:
BLMN
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
BLMN alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
BLMN alerts
High impacting Bloomin' Brands, Inc. news events
Weekly update
A roundup of the hottest topics
BLMN
News
- Bloomin' Brands, Inc. to Host Fiscal 2024 First Quarter Earnings Conference Call at 8:00 AM EDT on May 7, 2024 [Yahoo! Finance]Yahoo! Finance
- Bloomin’ Brands, Inc. to Host Fiscal 2024 First Quarter Earnings Conference Call at 8:00 AM EDT on May 7, 2024Business Wire
- Hedge fund Barington urges Paramount to scrap talks with Skydance [Yahoo! Finance]Yahoo! Finance
- Marco's Pizza® Boosts Its Marketing Team with Three Key Leadership Appointments [Yahoo! Finance]Yahoo! Finance
- Boy, 12, taken to hospital after he was mistakenly served alcohol at Outback Steakhouse [FOX Business Network]FOX Business Network
BLMN
Earnings
- 2/23/24 - Beat
BLMN
Sec Filings
- 4/4/24 - Form 8-K
- 3/25/24 - Form DEFA14A
- 3/8/24 - Form 8-K
- BLMN's page on the SEC website