Should You Buy Bloomin’ Brands, Inc. (BLMN)’s Shares?

We recently published Bill Miller Portfolio: Top 10 Stock Picks. Bloomin’ Brands, Inc. (NASDAQ:BLMN) is one of the top stock picks.

Bloomin’ Brands, Inc. (NASDAQ:BLMN) is a new appearance in Miller Value’s 13F holdings as the firm disclosed two million shares worth $10.9 million in its first quarter filings. The stock is down by 17.9% over the past year and is up by 30.7% year-to-date. Depending on when Miller Value added the shares, the decision might have been a wise one. This is because Bloomin’ Brands, Inc. (NASDAQ:BLMN)’s stock closed a whopping 41% higher on May 6th. On the 6th, the firm posted its fiscal first quarter earnings report before markets opened at Eastern time. The results saw Bloomin’ Brands, Inc. (NASDAQ:BLMN) post $1.1 billion in revenue and $0.65 in earnings per share to meet analyst revenue estimates and beat them for earnings.

Should You Buy Bloomin’ Brands, Inc. (BLMN)'s Shares?

With the restaurant sector struggling, the results marked a nice breath of fresh air. Bloomin’ Brands, Inc. (NASDAQ:BLMN)’s comparable sales grew by 0.9% in the first quarter to reverse the 0.5% drop in the previous quarter. The firm’s Bonefish Grill brand grew sales by 6% while sales at Outback Steakhouse dipped by 0.3%.

While we acknowledge the risk and potential of BLMN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than BLMN and that has 10,000% upside potential, check out our report about the cheapest AI stock.

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