NASDAQ:BLMN

Bloomin' Brands (BLMN) Stock Price, News & Analysis

$23.89
-0.07 (-0.29%)
(As of 05/8/2024 ET)
Today's Range
$23.43
$24.07
50-Day Range
$23.96
$29.72
52-Week Range
$22.03
$30.13
Volume
1.85 million shs
Average Volume
1.33 million shs
Market Capitalization
$2.08 billion
P/E Ratio
9.44
Dividend Yield
4.02%
Price Target
$27.90

Bloomin' Brands MarketRank™ Stock Analysis

Analyst Rating
Hold
2.20 Rating Score
Upside/​Downside
16.0% Upside
$27.70 Price Target
Short Interest
Bearish
6.65% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-4.49
Upright™ Environmental Score
News Sentiment
0.16mentions of Bloomin
Based on 33 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
9.41%
From $2.55 to $2.79 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.35 out of 5 stars

Retail/Wholesale Sector

100th out of 204 stocks

Eating Places Industry

23rd out of 42 stocks

BLMN stock logo

About Bloomin' Brands Stock (NASDAQ:BLMN)

Bloomin' Brands, Inc., through its subsidiaries, owns and operates casual, upscale casual, and fine dining restaurants in the United States and internationally. The company operates through two segments, U.S. and International. Its restaurant portfolio has four concepts, including Outback Steakhouse, a casual steakhouse restaurant; Carrabba's Italian Grill, a casual Italian restaurant; Bonefish Grill; and Fleming's Prime Steakhouse & Wine Bar, a contemporary steakhouse. The company was founded in 1988 and is based in Tampa, Florida.

BLMN Stock Price History

BLMN Stock News Headlines

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EAT stock surged to 52-week highs after Brinker International reported a solid fiscal Q3 2024 earnings report and raised its full year earnings guidance
Fidelity, Bezos, Goldman Bet Big on Tiny Biotech
Are you ready for a major shift in the investment world? There's a new drug The Wall Street Journal is calling the "King Kong" of drugs.
Q1 2024 Bloomin' Brands Inc Earnings Call
Bloomin' Brands Inc. Q1 Earnings Summary
Fidelity, Bezos, Goldman Bet Big on Tiny Biotech
Are you ready for a major shift in the investment world? There's a new drug The Wall Street Journal is calling the "King Kong" of drugs.
Bloomin' Brands Chief Executive Officer David Deno To Retire
Bloomin’ Brands CEO David Deno Retiring
Bloomin' Brands CEO David Deno Retiring
Bloomin Brands Inc
See More Headlines
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Company Calendar

Ex-Dividend for 3/20 Dividend
3/05/2024
Dividend Payable
3/20/2024
Last Earnings
5/07/2024
Today
5/08/2024
Ex-Dividend for 5/31 Dividend
5/17/2024
Dividend Payable
5/31/2024
Next Earnings (Estimated)
8/06/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Eating places
Sub-Industry
Restaurants
Current Symbol
NASDAQ:BLMN
CUSIP
09423510
Employees
87,000
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$27.70
High Stock Price Target
$32.00
Low Stock Price Target
$25.00
Potential Upside/Downside
+16.8%
Consensus Rating
Hold
Rating Score (0-4)
2.20
Research Coverage
10 Analysts

Profitability

Net Income
$247.39 million
Pretax Margin
5.84%

Debt

Sales & Book Value

Annual Sales
$4.67 billion
Cash Flow
$5.23 per share
Book Value
$4.75 per share

Miscellaneous

Free Float
84,337,000
Market Cap
$2.08 billion
Optionable
Optionable
Beta
2.02
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BLMN Stock Analysis - Frequently Asked Questions

Should I buy or sell Bloomin' Brands stock right now?

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Bloomin' Brands in the last year. There are currently 8 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" BLMN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BLMN, but not buy additional shares or sell existing shares.
View BLMN analyst ratings
or view top-rated stocks.

What is Bloomin' Brands' stock price target for 2024?

10 Wall Street analysts have issued 12 month price objectives for Bloomin' Brands' shares. Their BLMN share price targets range from $25.00 to $32.00. On average, they predict the company's stock price to reach $27.70 in the next year. This suggests a possible upside of 16.0% from the stock's current price.
View analysts price targets for BLMN
or view top-rated stocks among Wall Street analysts.

How have BLMN shares performed in 2024?

Bloomin' Brands' stock was trading at $28.15 at the beginning of 2024. Since then, BLMN stock has decreased by 15.2% and is now trading at $23.87.
View the best growth stocks for 2024 here
.

Are investors shorting Bloomin' Brands?

Bloomin' Brands saw a increase in short interest in March. As of March 31st, there was short interest totaling 4,960,000 shares, an increase of 9.3% from the March 15th total of 4,540,000 shares. Based on an average daily trading volume, of 1,300,000 shares, the days-to-cover ratio is presently 3.8 days. Currently, 5.8% of the company's stock are sold short.
View Bloomin' Brands' Short Interest
.

When is Bloomin' Brands' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 6th 2024.
View our BLMN earnings forecast
.

How were Bloomin' Brands' earnings last quarter?

Bloomin' Brands, Inc. (NASDAQ:BLMN) released its quarterly earnings data on Tuesday, May, 7th. The restaurant operator reported $0.70 EPS for the quarter, missing the consensus estimate of $0.75 by $0.05. The restaurant operator earned $1.20 billion during the quarter, compared to analyst estimates of $1.20 billion. Bloomin' Brands had a trailing twelve-month return on equity of 73.67% and a net margin of 5.30%. The firm's revenue was down 4.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.98 EPS.

How often does Bloomin' Brands pay dividends? What is the dividend yield for Bloomin' Brands?

Bloomin' Brands declared a quarterly dividend on Wednesday, May 8th. Shareholders of record on Monday, May 20th will be paid a dividend of $0.24 per share on Friday, May 31st. This represents a $0.96 dividend on an annualized basis and a yield of 4.02%. The ex-dividend date is Friday, May 17th.
Read our dividend analysis for BLMN
.

Is Bloomin' Brands a good dividend stock?

Bloomin' Brands (NASDAQ:BLMN) pays an annual dividend of $0.96 per share and currently has a dividend yield of 3.75%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 37.94%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BLMN will have a dividend payout ratio of 34.41% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BLMN.

What guidance has Bloomin' Brands issued on next quarter's earnings?

Bloomin' Brands issued an update on its second quarter 2024 earnings guidance on Wednesday, May, 8th. The company provided EPS guidance of 0.550-0.600 for the period, compared to the consensus estimate of 0.690. The company issued revenue guidance of -.

What is David Deno's approval rating as Bloomin' Brands' CEO?

55 employees have rated Bloomin' Brands Chief Executive Officer David Deno on Glassdoor.com. David Deno has an approval rating of 48% among the company's employees. This puts David Deno in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies. 71.0% of employees surveyed would recommend working at Bloomin' Brands to a friend.

What other stocks do shareholders of Bloomin' Brands own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Bloomin' Brands investors own include Coty (COTY), AT&T (T), Bank of America (BAC), Energy Transfer (ET), Exxon Mobil (XOM), Carnival Co. & (CCL), Walt Disney (DIS), Invesco Mortgage Capital (IVR), NVIDIA (NVDA) and American Airlines Group (AAL).

Who are Bloomin' Brands' major shareholders?

Bloomin' Brands' stock is owned by a variety of retail and institutional investors. Top institutional investors include LSV Asset Management (4.00%), Principal Financial Group Inc. (2.73%), Jennison Associates LLC (1.59%), Easterly Investment Partners LLC (0.65%), Mutual of America Capital Management LLC (0.53%) and Coronation Fund Managers Ltd. (0.41%). Insiders that own company stock include David J Deno, Elizabeth A Smith, Gregg Scarlett and Kelly Lefferts.
View institutional ownership trends
.

How do I buy shares of Bloomin' Brands?

Shares of BLMN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:BLMN) was last updated on 5/8/2024 by MarketBeat.com Staff

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