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NASDAQ:BLMN

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

$28.68
+0.04 (+0.14%)
(As of 05:21 PM ET)
Today's Range
$28.56
$28.98
50-Day Range
$25.32
$29.72
52-Week Range
$22.03
$30.13
Volume
1.02 million shs
Average Volume
1.31 million shs
Market Capitalization
$2.50 billion
P/E Ratio
11.34
Dividend Yield
3.35%
Price Target
$27.90

Bloomin' Brands MarketRank™ Stock Analysis

Analyst Rating
Hold
2.20 Rating Score
Upside/​Downside
2.7% Downside
$27.90 Price Target
Short Interest
Healthy
5.33% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-4.60
Upright™ Environmental Score
News Sentiment
1.31mentions of Bloomin
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
9.80%
From $2.55 to $2.80 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.

4.14 out of 5 stars

Retail/Wholesale Sector

46th out of 203 stocks

Eating Places Industry

7th out of 41 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

5 Mid-Caps to Buy Before the Next Broad Market Sell-Off
Concentration and a dimming outlook for earnings growth (outside of tech) in 2024 have the S&P 500 NYSEARCA: SPY set up for a correction. It may not happen soon, but signs continue to grow, with investors flooding into market leaders like NVIDIA NASDAQ: NVDA, Advanced Micro Devices NASDAQ: AMD, Amazon NASDAQ: AMZN, and Meta Platforms NASDAQ: META, and expectations for rate cuts are receding.
5 Mid-Caps to Buy Before the Next Broad Market Sell-Off (BLMN)
The market is looking toppy and may correct at any time. Investors that want to front-run the sell-off should turn to small and mid-caps for value and yield.
Crypto Market Preps For Trillions Worth of Inflows!
Bitcoin is rapidly approaching new ALL-TIME HIGHS… The market is buzzing after recent approval of spot Bitcoin exchange-traded funds (ETF). Top analysts predict these ETFs will attract trillions of dollars worth of inflows over the next few years… And as Bitcoin rallies, we could see other smaller coins rise to heights never seen before.
Bloomin' Brands' Stock Breakout: New Rally Budding?
Bloomin' Brands Inc. NASDAQ: BLMN is among the latest in a series of companies to be getting attention from activist investors who want to see change that would make their shares grow in value.
Bloomin' Brands' Stock Breakout: New Rally Budding?
Bloomin' Brands' upside volume has been above average and the chart suggests more gains ahead. Meanwhile, an activist investor aims to boost shareholder value.
Major Elon Musk Crypto Leak Revealed
Reports of a leaked meeting between Elon Musk and staff at X.com could send shockwaves through the crypto market. Musk revealed a "mind-blowing" plan to take over the global payment system. In his own words, the world's richest man said "you won't need a bank account." Prominent voices in crypto believe what comes next will mirror a crypto mass adoption similar to the one that triggered bitcoin's last bull run.
Upgrading Bloomin' Brands, Transformational Year Ahead
Bloomin' Brands Shares Climb After Q4 Profit Beat Consensus Estimate
Bloomin' Brands Announces 2023 Q4 Financial Results
BLMN Mar 2024 20.000 call
Bloomin' Brands Q4 2023 Earnings Preview
See More Headlines
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Company Calendar

Last Earnings
2/23/2024
Ex-Dividend for 3/20 Dividend
3/05/2024
Dividend Payable
3/20/2024
Today
3/28/2024
Next Earnings (Estimated)
4/26/2024
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
$27.90
High Stock Price Target
$32.00
Low Stock Price Target
$25.00
Potential Upside/Downside
-2.7%
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
$5.78 per share
Book Value
$4.75 per share

Miscellaneous

Free Float
84,337,000
Market Cap
$2.50 billion
Optionable
Optionable
Beta
1.99
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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 twelve months. 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 twelve-month price targets for Bloomin' Brands' stock. Their BLMN share price targets range from $25.00 to $32.00. On average, they anticipate the company's share price to reach $27.90 in the next twelve months. This suggests that the stock has a possible downside of 2.7%.
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 the year. Since then, BLMN shares have increased by 1.9% and is now trading at $28.68.
View the best growth stocks for 2024 here
.

Are investors shorting Bloomin' Brands?

Bloomin' Brands saw a decrease in short interest in March. As of March 15th, there was short interest totaling 4,540,000 shares, a decrease of 46.3% from the February 29th total of 8,460,000 shares. Based on an average daily trading volume, of 1,290,000 shares, the short-interest ratio is currently 3.5 days. Currently, 5.3% of the shares of the company 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 Friday, April 26th 2024.
View our BLMN earnings forecast
.

How were Bloomin' Brands' earnings last quarter?

Bloomin' Brands, Inc. (NASDAQ:BLMN) issued its quarterly earnings data on Friday, February, 23rd. The restaurant operator reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.06. The restaurant operator had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.20 billion. Bloomin' Brands had a trailing twelve-month return on equity of 73.67% and a net margin of 5.30%. Bloomin' Brands's revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.68 earnings per share.

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

Bloomin' Brands declared a quarterly dividend on Tuesday, February 13th. Investors of record on Wednesday, March 6th will be paid a dividend of $0.24 per share on Wednesday, March 20th. This represents a $0.96 annualized dividend and a yield of 3.35%. The ex-dividend date is Tuesday, March 5th.
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 3.46%. 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 34.29% 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 updated its FY24 earnings guidance on Friday, February, 23rd. The company provided earnings per share (EPS) guidance of $2.51-2.66 for the period, compared to the consensus estimate of $2.61.

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 many different institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (14.31%), Vanguard Group Inc. (14.27%), LSV Asset Management (4.14%), Dimensional Fund Advisors LP (2.89%), Clearbridge Investments LLC (2.71%) and Principal Financial Group Inc. (2.67%). 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 3/28/2024 by MarketBeat.com Staff

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