Bloomin' Brands Stock Forecast, Price & News

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Bloomin' Brands in the last twelve months. There are currently 4 hold ratings, 7 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" Bloomin' Brands stock.
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12 brokers have issued 1 year target prices for Bloomin' Brands' shares. Their BLMN stock forecasts range from $19.00 to $36.00. On average, they predict Bloomin' Brands' stock price to reach $28.45 in the next year. This suggests a possible upside of 57.6% from the stock's current price.
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Bloomin' Brands' stock was trading at $20.98 at the start of the year. Since then, BLMN stock has decreased by 13.9% and is now trading at $18.06.
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Bloomin' Brands is scheduled to release its next quarterly earnings announcement on Friday, July 29th 2022.
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Bloomin' Brands, Inc. (NASDAQ:BLMN) announced its quarterly earnings data on Friday, April, 29th. The restaurant operator reported $0.80 earnings per share for the quarter, topping analysts' consensus estimates of $0.74 by $0.06. The restaurant operator earned $1.14 billion during the quarter, compared to the consensus estimate of $1.13 billion. Bloomin' Brands had a trailing twelve-month return on equity of 131.48% and a net margin of 5.20%. Bloomin' Brands's quarterly revenue was up 15.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.72 EPS.
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Bloomin' Brands announced a quarterly dividend on Monday, May 2nd. Investors of record on Wednesday, May 11th will be given a dividend of $0.14 per share on Wednesday, May 25th. This represents a $0.56 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date is Tuesday, May 10th.
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Bloomin' Brands(NASDAQ:BLMN) pays an annual dividend of $0.56 per share and currently has a dividend yield of 3.10%. The dividend payout ratio of Bloomin' Brands is 26.67%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Bloomin' Brands will have a dividend payout ratio of 20.14% next year. This indicates that Bloomin' Brands will be able to sustain or increase its dividend.
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Bloomin' Brands issued an update on its FY 2022 earnings guidance on Monday, May, 9th. The company provided EPS guidance of $2.45-$2.55 for the period, compared to the consensus estimate of $2.39. The company issued revenue guidance of $4.35 billion-$4.40 billion, compared to the consensus revenue estimate of $4.34 billion.

22 employees have rated Bloomin' Brands CEO David Deno on Glassdoor.com. David Deno has an approval rating of 48% among Bloomin' Brands' employees. This puts David Deno in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Some companies that are related to Bloomin' Brands include McDonald's (MCD), Starbucks (SBUX), Chipotle Mexican Grill (CMG), Yum! Brands (YUM), Darden Restaurants (DRI), Domino's Pizza (DPZ), Texas Roadhouse (TXRH), Wendy's (WEN), Papa John's International (PZZA), Cracker Barrel Old Country Store (CBRL), Cheesecake Factory (CAKE), Jack in the Box (JACK), Dine Brands Global (DIN), Brinker International (EAT) and Ruth's Hospitality Group (RUTH).
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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).

Bloomin' Brands trades on the NASDAQ under the ticker symbol "BLMN."

Bloomin' Brands' stock is owned by many different institutional and retail investors. Top institutional investors include BlackRock Inc. (17.08%), Vanguard Group Inc. (10.82%), Clearbridge Investments LLC (6.34%), State Street Corp (3.45%), Jennison Associates LLC (2.75%) and Bank of New York Mellon Corp (2.36%). Company insiders that own Bloomin' Brands stock include David J Deno, Elizabeth A Smith, Gregg Scarlett and Kelly Lefferts.
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BLMN stock was sold by a variety of institutional investors in the last quarter, including Westwood Holdings Group Inc., Goldman Sachs Group Inc., Reinhart Partners Inc., Russell Investments Group Ltd., Bank of New York Mellon Corp, Assenagon Asset Management S.A., Arrowstreet Capital Limited Partnership, and William Blair Investment Management LLC. Company insiders that have sold Bloomin' Brands company stock in the last two years include Elizabeth A Smith, Gregg Scarlett, and Kelly Lefferts.
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BLMN stock was bought by a variety of institutional investors in the last quarter, including Clearbridge Investments LLC, BlackRock Inc., American Century Companies Inc., First Manhattan Co., Natixis Advisors L.P., Weiss Multi Strategy Advisers LLC, Lisanti Capital Growth LLC, and MESIROW FINANCIAL INVESTMENT MANAGEMENT Equity & Fixed Income. Company insiders that have bought Bloomin' Brands stock in the last two years include David J Deno, and Gregg Scarlett.
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Shares of BLMN can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of BLMN stock can currently be purchased for approximately $18.06.

Bloomin' Brands (NASDAQ:BLMN) has a market capitalization of $1.60 billion and generates $4.12 billion in revenue each year. The restaurant operator earns $215.55 million in net income (profit) each year or $2.099990 on an earnings per share basis.

Bloomin' Brands employs 82,000 workers across the globe.

Bloomin' Brands' mailing address is 2202 NORTH WEST SHORE BOULEVARD SUITE 500, TAMPA FL, 33607. The official website for Bloomin' Brands is www.bloominbrands.com. The restaurant operator can be reached via phone at (813) 282-1225, via email at [email protected], or via fax at 813-286-2247.