If you've ever enjoyed a Bloomin' Onion or a pasta dish at Carrabba's, you're familiar with Bloomin' Brands, the company behind these popular restaurants. Recently, significant stock sales by its largest investor are making headlines, revealing how corporate strategy and investor moves can impact even well-known dining chains.
Bloomin' Brands is trending because its largest shareholder, activist investor Starboard Value LP, has been selling off a large chunk of its stock.
Starboard Value, known for pushing for operational changes in companies it invests in, first took a 9.9% stake in Bloomin' Brands in 2019.