Less steak, less sizzle, less sales

Investors are losing their appetite for Bloomin' Brands, one of the largest companies on the Gulf Coast, after a tough third quarter earnings statement.

Bloomin' Brands, with holdings that include Bonefish Grill, Carrabba's Italian Grill, Fleming's Prime Steakhouse & Wine Bar and Outback Steakhouse, has seen its stock fall for much of 2015. After reaching a 52-week high in March, at $26.25, the stock has steadily dropped and in November reached a new 14-month low, falling below $17 for the first time since September 2014. Shares, traded on the Nasdaq under the symbol BLMN, closed at $16.36 Nov. 10.

The problems start with sales.