The following video is part of our "Motley Fool Conversations" series, in which consumer goods editor and analyst Austin Smith discusses topics across the investing world.

Bloomin' Brands, parent company of Outback Steakhouse, has announced that it'll be going public. It seems reasonably well positioned given the competition in the casual dining sphere, but competition from fast casual restaurants is eating the lunch of slower casual dining chains. Austin thinks your dollars could be better spent in this space. Panera continues to put up impressive growth numbers and has higher margins (though smaller checks) than most casual dining locations. Its locations are also less capital intensive.

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Austin Smith owns shares of McDonald's. The Motley Fool owns shares of Darden Restaurants and Panera Bread. Motley Fool newsletter services recommend Panera Bread. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.