A week ago, my wife was craving chicken tenders from Outback Steakhouse. Let me tell you, I am not a fan!

And, to add heartburn insult to injury, she also wanted the patented Bloomin’ Onion! Maybe 30 years ago my system would have been able to handle that fried-food disaster, but not today.

So we went online, and, lo and behold, she already had an account set up. It was a breeze placing the order, leaving the tip and getting a text confirmation informing us when the meal would be ready to be picked up. All we had to do was leave the model and color of our car, and it was all ready to go. They would bring the food right to the car, and it would be “touchless” service.

Perfect.

When I got to the plaza, I noticed a line stretching about 20 cars deep. I thought there was an accident. Nope. It was the line at Outback! There were four other restaurants in the plaza – not one of them had more than a couple of patrons. The parking lot was pretty much empty, aside from the Outback line.

It took about 10 minutes to clear the line before I was on the way home.

When I got home, I decided to do some research on Bloomin’ Brands (Nasdaq: BLMN), which owns Outback Steakhouse, Carrabba’s Italian Grill, Bonefish Grill and several others. A few days later, I went back and asked the servers at a couple of their locations about how business was doing.

Inside, business was nonexistent, as restaurants are restricted to takeout and curbside only. But takeout business has doubled, and it has continued to do so week after week. The company has such an established and smooth ordering and pickup system, that a big chunk of its customer base was used to the routine.

I went over the company’s financials and liked what I saw. It confirmed the data above in its latest release. It has a ton of cash on hand, is not furloughing employees and is in no danger of going out of business.

I also canvassed War Room members about the restaurants near them. Several members replied that they were patrons, with one commenting that his son worked at a Carrabba’s and confirmed it’s been busy as well.

At the time, Bloomin’ Brands was trading at around $9. Today the shares are over $13 after reaching near $14 yesterday. War Room members got in and out with fat gains of more than 20% within a couple of days using a covered call strategy, which gave them a nice downside cushion just in case the market turned.

Action Plan: Bloomin’ Brands is now on our radar, and the next time we see a nice dip, you can bet members will have their fingers ready to dig in!

Hopefully you’ll be in The War Room to fill your appetite with winning trades as well!

Just take a look at what members had to say about the trade…

“I may have jumped the gun and left some on the table (as per usual) but I exited my BLMN Jul17 $12.50 calls. I also got in a day after the reco for cheaper 🙂 In @ $0.87 out @ $1.25 for about +43%.” – David D.

“In for $9.21 (calls sold for 1.00). Out for 11.26, calls BTO 1.50. Net 31% profit. Nice one Karim:)” – Chris W.

“BLMN stocks out @ $11.25 in @ $9.29. Thank you, K… learning a lot with your expertise. Thanks again!” – Maribel

“Damn nice trade on BLMN Karim… truly!” – Mark B.

“Closed @ $11.04 up 24% for trade. Nice Trade Karim!” – Rick Ri.

“Sold half @ $11.30, +22%.” – Rivers