Bloomin Brands (BLMN) is breaking out higher from a multi-year base on improving operations, and potential activist intervention. The company's share price has trended sideways over the last few years, but is seeing improving investor sentiment as its operations turn around. Its international expansion and renovations are leading to stronger bottom-line results. Moreover, as activists push for change, the company's share price is similarly rising. I am buying stock to capitalize on a potential reversal in trend for BLMN, pushing it higher in coming years.
Price Action
BLMN's share price is breaking out higher from a multi-year base on improving earnings and potential activist intervention. The stock has traded largely sideways over the last five years as revenue pulled back and management looked to make improvements.
