Bloomin’ Brands Blossoms After Raising The Dividend
Bloomin’ Brands rocketed higher on strong results and guidance.The company raised its dividend by 71% and initiated a new buyback.The stock is cheap and could double in price to match the multiple of competitor Texas Roadhouse.5 stocks we like better than Bloomin’ BrandsBloomin’ Brands (NASDAQ:BLMN) is blossoming after years of rocky recovery in the post-pandemic world. The company just released results well above pre-pandemic levels and indicated business was thriving despite headwinds. The most telling detail of the report is the dividend. The company cut the dividend when the pandemic struc...