Pivotal-Point Tracking Bloomin Brands (BLMN): Restaurant chain shines with robust revenue growth – JPMorgan doubles the price target

Bloomin’ Brands operates over 1,450 restaurants worldwide under well-known brands such as Outback Steakhouse, Carrabba’s Italian Grill, and Bonefish Grill. Recently, the company reported a quarterly revenue of $1.02 billion (+1.3% growth) and significantly exceeded expectations with earnings per share of $0.39. At the end of September, JPMorgan upgraded the rating to Neutral and raised the price target from $6.00 to $13.00. This provided a strong boost to the stock around October 1. For the full year, the company aims for earnings per share...