The Target Looks Good for This Restaurant Stock

Below is an important message from our trusted sponsors Restaurant stocks have largely underperformed recently but some are bucking the trend. Bloomin’ Brands (NASDAQ: BLMN) is one of the latter. This company is expecting earnings growth over the next year. This should help to protect the stock as the market continues to enter bear territory. Bloomin’ Brands is the owner of several concept restaurants. Unlike traditional fast food, the focus here is on quality with quick service. Brands include the popular Outback Steakhouse and Carrabba’s Italian Grill. Company revenue grew 30.02% when Pandemic restrictions eased last year. Over the next year, revenue is expected to grow at an average rate of more than 13%. The company is profitable with a margin of 13.92% last year. Continued sales growth could help drive confidence in the stock. Shares are currently considered underpriced due to the market conditions. The average target of $29.83 suggests a strong return over today’s price of $20.58. This will still be a bargain if it goes down before it climbs back up, considering the target. This is one of the best restaurant stocks today. Especially with its low price and potential to recover on the other side of the bear market. How will you invest in the coming months? Learn how to win in this market with these investment strategies. The information above is impersonal and does not provide individualized advice or recommendations for any specific reader or individual portfolio. The opinions are our own and we have not been compensated in any way to review the symbols mentioned above.  sponsored ads below Watch Now: Insider Reveals Stock Wall Street does NOT want you to know about An unprecedented investigation reveals the biggest gains the stock market has to offer. They come from the fastest-growing companies in America, yet most people are in the dark about them. 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