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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This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.