
Bonefish Grill is owned by Bloomin' Brands Inc. (NASDAQ: BLMN), a publicly traded casual dining restaurant company headquartered in Tampa, Florida. Bloomin' Brands acquired Bonefish Grill in October 2001 when it had three locations. The chain now operates 158 restaurants in the United States and is known for its Bang Bang Shrimp and wood-grilled seafood. Bloomin' Brands also owns Outback Steakhouse, Carrabba's Italian Grill, and Fleming's Prime Steakhouse.
| Brand | Parent Company | Ownership Type |
|---|---|---|
| Bonefish Grill | Bloomin' Brands Inc. | Wholly owned |
Bonefish Grill was founded on January 15, 2000, in St. Petersburg, Florida, by best friends Tim Curci and Chris Parker. The two shared a passion for fishing, cooking, and serving fresh fish. Their first restaurant opened at 5901 4th Street North in St. Petersburg. The concept focused on market-fresh fish hand-cut in-house daily, wood-grilled preparations, and hand-crafted cocktails in a polished casual atmosphere.
The restaurant quickly gained a following. Within the first year, Curci and Parker opened a second location in Sarasota, Florida, and a third in Clearwater (Safety Harbor). By October 2001, OSI Restaurant Partners, the parent company of Outback Steakhouse, acquired the three-location chain. The deal was structured as a partnership, with OSI investing approximately $7 million for a controlling stake. The acquisition gave Curci and Parker access to OSI's infrastructure, supply chain, and real estate expertise while allowing them to continue developing the brand.
Growth accelerated under OSI ownership. By 2004, Bonefish Grill had 40 locations across 10 states, with 38 more planned. That same year, co-founder Chris Parker died in a boating accident on January 25, 2004, when his boat flipped while traveling at high speed near the Gandy Bridge in Tampa Bay. He was 37 years old.
The chain reached its 100th restaurant in 2006. At its peak in the mid-2010s, Bonefish Grill operated approximately 200 locations. Revenue reached approximately $619 million in 2017. The brand became known for its Bang Bang Shrimp appetizer, a fried shrimp dish tossed in a spicy mayonnaise-based sauce, which became one of the most recognized menu items in casual dining.
In recent years, Bonefish Grill has contracted. Bloomin' Brands closed 41 underperforming locations across its portfolio in early 2024, including several Bonefish Grill restaurants. In 2025, the company closed 21 additional U.S. restaurants and decided not to renew leases on 22 more. Bonefish Grill specifically lost 8 locations in Q4 2025 alone, dropping from 166 to 158. The brand's same-store sales declined 5.8% in Q2 2025, the worst performance among Bloomin' Brands' four concepts.
In Q4 2025, Bloomin' Brands recorded a $28.2 million goodwill impairment charge specifically for the Bonefish Grill reporting unit. The impairment reflected management's reassessment of the brand's carrying value given declining sales and ongoing location closures. Despite these challenges, Bonefish Grill remains the largest casual seafood chain in the Bloomin' Brands portfolio.
What does Bloomin' Brands own?
Bloomin' Brands owns and operates four restaurant concepts: Outback Steakhouse (700+ locations), Bonefish Grill (~180 locations), Carrabba's Italian Grill (~170 locations), and Fleming's Prime Steakhouse and Wine Bar (~65 locations). The company operates over 1,450 restaurants in 46 US states, Guam, and approximately 12 countries. The majority of locations are company-operated, with franchising used primarily for international markets.
Is Bloomin' Brands publicly traded?
Yes. Bloomin' Brands Inc. trades on NASDAQ under the ticker symbol BLMN. The company went public in 2012 in an IPO that raised approximately $176 million at $11 per share. Bloomin' Brands is a component of the Russell 2000 Index. The company has no parent company and no controlling shareholder.
Who founded Bloomin' Brands?
Bloomin' Brands was founded in 1988 by Chris Sullivan, Bob Basham, Tim Gannon, and Trudy Cooper, who opened the first Outback Steakhouse in Tampa, Florida. The founders built the company through organic growth and strategic acquisitions, including Carrabba's Italian Grill (partnership formed 1993), Bonefish Grill (acquired 2001), and Fleming's Prime Steakhouse (acquired 2002).
Where is Bloomin' Brands headquartered?
Bloomin' Brands is headquartered in Tampa, Florida. The corporate headquarters houses executive leadership, finance, legal, supply chain, and shared service functions supporting the global restaurant network. Tampa has been the company's headquarters since its founding in 1988.
How many brands does Bloomin' Brands own?
Bloomin' Brands operates four restaurant brands: Outback Steakhouse, Bonefish Grill, Carrabba's Italian Grill, and Fleming's Prime Steakhouse and Wine Bar. The company previously operated Roy's restaurant chain, which was sold in 2017.
Who owns Bloomin' Brands?
Bloomin' Brands has no parent company and no controlling shareholder. The company is publicly traded on NASDAQ under BLMN and is owned by institutional investors including BlackRock, Vanguard Group, and Dimensional Fund Advisors, each holding single-digit percentage stakes. The founders retain small equity positions but are not involved in day-to-day management.
What is Bloomin' Brands' turnaround strategy?
In November 2025, Bloomin' Brands announced a turnaround strategy under CEO Mike Spanos focusing on three pillars: operational excellence at Outback Steakhouse, menu simplification across all brands, and technology investment including digital ordering and loyalty programmes. The company suspended its quarterly dividend of $0.24 per share to reallocate approximately $50 million annually toward strategic initiatives and debt reduction. Q3 2025 results showed early success, with all four brands achieving positive comparable sales growth.
What is Bloomin' Brands' revenue?
For FY2025, Bloomin' Brands' total revenue was approximately $4.0 billion, down from approximately $4.3 billion in FY2024. Q3 2025 revenue was $928.8 million, with an adjusted diluted loss of $0.03 per share. The company does not provide forward revenue guidance but has indicated that the turnaround strategy is expected to stabilise sales and improve margins over time.
Bonefish Grill's sustainability efforts focus on seafood sourcing and marine conservation partnerships. The brand does not hold independently verified certifications such as B Corp status, Marine Stewardship Council certification, or Aquaculture Stewardship Council certification at the corporate level. Its sustainability activities are primarily partnership-based.
The brand has partnered with The Nature Conservancy to support coral reef restoration through the Plant a Million Corals Initiative. This partnership focuses on restoring coral reef systems that are critical to marine biodiversity and the seafood supply chain. Bonefish Grill has also partnered with Bonefish & Tarpon Trust, an organization dedicated to conserving bonefish, tarpon, and permit fisheries through science and advocacy.
Bloomin' Brands requires all seafood suppliers to meet corporate food safety, quality, and sourcing standards. However, these are internal company standards rather than third-party certifications. The company states that it works to improve traceability and transparency in its seafood supply chain.
As part of Bloomin' Brands, Bonefish Grill contributes to the parent company's workplace recognition, including being named to Newsweek's "Greatest Workplaces for Diversity" and Forbes' "Best Employers for Women" lists. These are employer awards rather than sustainability certifications.
No independently verified sustainability flags from recognized certifying bodies (such as Leaping Bunny, B Lab, or equivalent) apply to Bonefish Grill. The brand's conservation partnerships are factual but should not be confused with formal third-party certification of sourcing practices.
Goodwill Impairment and Brand Decline: In Q4 2025, Bloomin' Brands recorded a $28.2 million goodwill impairment charge for the Bonefish Grill reporting unit. The charge reflected management's reduced expectations for the brand's future financial performance. Same-store sales declined 5.8% in Q2 2025, the worst among Bloomin' Brands' four concepts.
Restaurant Closures: Bonefish Grill has been significantly affected by Bloomin' Brands' turnaround strategy. The brand lost 8 locations in Q4 2025 alone, dropping from 166 to 158. In October 2025, a Bonefish Grill in Gainesville, Virginia closed abruptly after 21 years in operation. A location in Richland, Washington closed in December 2025. Bloomin' Brands stated these closures were "business decisions that are part of our ongoing turnaround plan" based on factors including sales, traffic, and potential investment costs.
Food Safety Reports: Individual customer reports of food poisoning have been documented on consumer watchdog sites such as IWasPoisoned.com. These reports appear to be isolated incidents rather than systemic outbreaks. No major food safety recall or widespread contamination event has been associated with the chain.
Health Department Inspections: Florida Health Department inspections have been conducted at Bonefish Grill locations as part of routine restaurant oversight. No pattern of significant or recurring violations has been documented publicly.
Casual Dining Sector Pressures: Bonefish Grill faces the same industry-wide challenges affecting the broader casual dining sector, including declining restaurant traffic, rising labor and food costs, and competition from fast-casual chains and delivery platforms. These pressures have contributed to the brand's contraction and the parent company's decision to close underperforming locations rather than invest in turnaround efforts at those sites.
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| Brand | Parent Company | Country | Founded | Market Position | Primary Market | Gender Target |
|---|---|---|---|---|---|---|
| Hooters Of America | USA | 1983 | Mass market | Global | All-ages | |
| Freddys Frozen Custard Steakburgers Inc | USA | 2002 | Mass market | United states | All-ages | |
| Darden Restaurants | United States | 1981 | Mass market | United states | All Genders | |
| Rl Investor Holdings | USA | 1968 | Mass market | United states | All-ages | |
| Tgi Fridays Inc | USA | 1965 | Mass market | Global | All-ages | |
| Hormel Foods | Minnesota (grocery/Hormel) | 1975 | Mass market | United states | All Genders |
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Market Positioning: Bonefish Grill competes with 6 brands in the same categories, ranging from mass market to luxury positioning.
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