As previously reported, Guggenheim analyst Matthew DiFrisco proceeding with Bloomin' Brands to Buy from Neutral, stating that he sees the company being in the early innings of a turnaround following consecutive quarters of improving margins and free cash flow. Based on his recent talks with management, DiFrisco said he has have the most confidence in efficiencies yet to be realized from improving kitchen operations and supply chain advancements. He also believes ongoing sales drivers, margin opportunities and the company's "dry powder" for either buybacks or marketing outweigh recent commodity concerns. He set a $25 price target on Bloomin' shares.