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Q4 Rundown: Bloomin' Brands (NASDAQ:BLMN) Vs Other Sit-Down Dining Stocks

BLMN Cover Image

As the Q4 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the sit-down dining industry, including Bloomin' Brands (NASDAQ: BLMN) and its peers.

Sit-down restaurants offer a complete dining experience with table service. These establishments span various cuisines and are renowned for their warm hospitality and welcoming ambiance, making them perfect for family gatherings, special occasions, or simply unwinding. Their extensive menus range from appetizers to indulgent desserts and wines and cocktails. This space is extremely fragmented and competition includes everything from publicly-traded companies owning multiple chains to single-location mom-and-pop restaurants.

The 11 sit-down dining stocks we track reported a satisfactory Q4. As a group, revenues were in line with analysts’ consensus estimates.

Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 5.3% since the latest earnings results.

Bloomin' Brands (NASDAQ: BLMN)

Owner of the iconic Australian-themed Outback Steakhouse, Bloomin’ Brands (NASDAQ: BLMN) is a leading American restaurant company that owns and operates a portfolio of popular restaurant brands.

Bloomin' Brands reported revenues of $975.2 million, flat year on year. This print fell short of analysts’ expectations by 0.7%, but it was still a satisfactory quarter for the company with EPS guidance for next quarter exceeding analysts’ expectations but full-year EPS guidance missing analysts’ expectations.

Bloomin' Brands Total Revenue

Unsurprisingly, the stock is down 3.9% since reporting and currently trades at $5.64.

Is now the time to buy Bloomin' Brands? Access our full analysis of the earnings results here, it’s free.

Best Q4: Red Robin (NASDAQ: RRGB)

Known for its bottomless steak fries, Red Robin (NASDAQ: RRGB) is a chain of casual restaurants specializing in burgers and general American fare.

Red Robin reported revenues of $269 million, down 5.7% year on year, outperforming analysts’ expectations by 1.8%. The business had an exceptional quarter with an impressive beat of analysts’ EBITDA estimates and full-year EBITDA guidance beating analysts’ expectations.

Red Robin Total Revenue

The market seems content with the results as the stock is up 2.6% since reporting. It currently trades at $3.73.

Is now the time to buy Red Robin? Access our full analysis of the earnings results here, it’s free.

Weakest Q4: Texas Roadhouse (NASDAQ: TXRH)

With locations often featuring Western-inspired decor, Texas Roadhouse (NASDAQ: TXRH) is an American restaurant chain specializing in Southern-style cuisine and steaks.

Texas Roadhouse reported revenues of $1.48 billion, up 3.1% year on year, falling short of analysts’ expectations by 0.8%. It was a softer quarter as it posted a significant miss of analysts’ EBITDA estimates and a significant miss of analysts’ EPS estimates.

As expected, the stock is down 6.9% since the results and currently trades at $169.94.

Read our full analysis of Texas Roadhouse’s results here.

The Cheesecake Factory (NASDAQ: CAKE)

Celebrated for its delicious (and free) brown bread, gigantic portions, and delectable desserts, Cheesecake Factory (NASDAQ: CAKE) is an iconic American restaurant chain that also owns and operates a portfolio of separate restaurant brands.

The Cheesecake Factory reported revenues of $961.6 million, up 4.4% year on year. This result surpassed analysts’ expectations by 1.4%. Taking a step back, it was a mixed quarter as it also recorded an impressive beat of analysts’ revenue estimates but a slight miss of analysts’ same-store sales estimates.

The stock is down 6% since reporting and currently trades at $60.24.

Read our full, actionable report on The Cheesecake Factory here, it’s free.

Dine Brands (NYSE: DIN)

Operating a franchise model, Dine Brands (NYSE: DIN) is a casual restaurant chain that owns the Applebee’s and IHOP banners.

Dine Brands reported revenues of $217.6 million, up 6.3% year on year. This number came in 3.8% below analysts' expectations. Zooming out, it was a mixed quarter as it also logged a solid beat of analysts’ EBITDA estimates but a significant miss of analysts’ revenue estimates.

Dine Brands had the weakest performance against analyst estimates among its peers. The stock is down 5.1% since reporting and currently trades at $29.09.

Read our full, actionable report on Dine Brands here, it’s free.

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