Bloomin' Brands, Inc. (BLMN)

Over the past six months, Bloomin' Brands' stock price declined by 39.83% between January 10, 2025, and January 8, 2026. In November 2025, the company reported better-than-expected third-quarter results, with an adjusted loss of $0.03 per share, leading to an 8.71% surge in pre-market trading. U.S. comparable sales and traffic trends improved, with Carrabba's Italian Grill being the strongest performer. However, profitability metrics declined, and the company announced a turnaround strategy focused on Outback Steakhouse, including suspending the dividend and closing underperforming restaurants, resulting in asset impairments and net closure charges of $33.2 million. In December 2025, S&P Global Ratings downgraded Bloomin' Brands Inc. to 'B+' from 'BB-', citing expectations for sustained higher leverage due to pressured profitability and underperformance relative to peers.

The provided search results do not explicitly detail the demand seasonality for Bloomin' Brands, Inc. products and services. However, the restaurant industry, in general, can experience seasonal fluctuations in demand, often seeing increased activity during holidays and specific times of the year. The company's focus on casual and fine dining suggests that demand could be influenced by factors such as holiday seasons, vacation periods, and consumer spending trends related to dining out.

Bloomin' Brands, Inc., established in 1988 and headquartered in Tampa, Florida, operates in the Consumer Discretionary sector as a global casual dining restaurant company. The company acquires, operates, designs, and develops restaurant concepts, including Outback Steakhouse, Carrabba's Italian Grill, Bonefish Grill, and Fleming's Prime Steakhouse & Wine Bar. The company primarily generates income from restaurant sales, supplemented by franchise royalties and fees.

Bloomin' Brands operates approximately 1,450 restaurants across 48 states and 13 countries and territories, segmented into U.S. and International operations. The U.S. segment, including restaurants in the USA and Puerto Rico, accounts for 86% of the company's revenue and covers all its brands. The International segment has a significant presence in North America, Asia, South America, and Australia, with operations in countries such as Brazil, South Korea, Hong Kong, and China; only Outback Steakhouse and Carrabba's Italian Grill operate internationally.

Bloomin' Brands' reputation has been affected by its operational performance and strategic shifts, including a decline in traffic and challenges in comparable sales. In response, the company announced a turnaround strategy in November 2025, focusing on revitalizing the Outback Steakhouse brand through operational excellence, brand relevancy, and restaurant updates. Menu simplifications were implemented across brands to streamline kitchen workflow and reduce food waste. Despite these efforts, some analysts view Bloomin' Brands as a larger company in decline compared to growing competitors.

Bloomin' Brands, Inc. has a concentrated ownership structure, with a significant majority of shares held by a small group of insiders and large institutional investors. The company has 469 institutional owners and shareholders holding a total of 101,609,866 shares. Major institutional shareholders include BlackRock, Inc., Starboard Value LP, Vanguard Group Inc, Morgan Stanley, State Street Corp, LSV Asset Management, D. E. Shaw & Co., Inc., Citadel Advisors Llc, and Millennium Management Llc. As of recent filings, BlackRock, Inc. and Vanguard Group Inc. hold approximately 13.88% and 10.62% of the company, respectively. Mark E. Nunnelly is listed as the largest individual shareholder, owning 172.52 million shares, representing 202.44% of the company. Other significant individual owners include Philip H. Loughlin, Andrew Balson, J. Michael Chu, and co-founder Robert Danker Basham.