Group 1 - J.P. Morgan analyst John Ivankoe has reduced the price forecast for Bloomin' Brands, Inc. from $13.00 to $10.00 while maintaining a Neutral rating, citing a transition to a royalty-based model and strong liquidity as positive long-term factors despite near-term challenges [1] - The company has relied heavily on strategies such as menu price hikes and extended dayparts, but a new management team is focused on improving price value and simplifying operations, which could revitalize the brand [2] - A significant shift in capital expenditure is expected towards remodels, with around 50% of units needing substantial updates, and an estimated cost of $1 million for remodeling 150 out of 970 company-owned units annually [3] Group 2 - U.S. store margins are projected to be 12.9% in FY25 and 13.0% in FY26, down from 13.3% in FY24 and 15.3% in FY23 [4] - The company reported a fourth-quarter FY24 sales decline of 9.3% year-on-year to $972 million, missing the consensus estimate of $1.08 billion, while adjusted EPS of $0.38 beat the consensus estimate of $0.36 [4] - BLMN shares increased by 5.35% to $9.26 at the last check on Monday [4]