Bloomin' Brands (BLMN) 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 8 hold ratings, 3 buy ratings and 1 strong buy rating 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.

12 Wall Street research analysts have issued twelve-month target prices for Bloomin' Brands' shares. Their BLMN share price forecasts range from $27.00 to $35.00. On average, they expect the company's stock price to reach $30.00 in the next year. This suggests a possible upside of 22.0% from the stock's current price.
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Bloomin' Brands' stock was trading at $20.12 on January 1st, 2023. Since then, BLMN shares have increased by 22.2% and is now trading at $24.59.
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The company is scheduled to release its next quarterly earnings announcement on Friday, October 27th 2023.
View our BLMN earnings forecast.

Bloomin' Brands, Inc. (NASDAQ:BLMN) issued its quarterly earnings data on Tuesday, August, 1st. The restaurant operator reported $0.74 earnings per share for the quarter, beating analysts' consensus estimates of $0.63 by $0.11. The restaurant operator earned $1.15 billion during the quarter, compared to analyst estimates of $1.15 billion. Bloomin' Brands had a net margin of 5.49% and a trailing twelve-month return on equity of 86.88%. The company's revenue was up 2.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.68 EPS.

Bloomin' Brands declared a quarterly dividend on Tuesday, July 18th. Shareholders of record on Monday, August 14th will be paid a dividend of $0.24 per share on Friday, August 25th. This represents a $0.96 annualized dividend and a dividend yield of 3.90%. The ex-dividend date is Friday, August 11th.
Read our dividend analysis for BLMN.

ETFs with the largest weight of Bloomin' Brands (NASDAQ:BLMN) stock in their portfolio include AdvisorShares Restaurant ETF (EATZ), Invesco S&P SmallCap Consumer Discretionary ETF (PSCD), American Century Quality Convertible Securities ETF (QCON), WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS), First Trust Small Cap Growth AlphaDEX Fund (FYC), iShares US Small Cap Value Factor ETF (SVAL), Royce Quant Small-Cap Quality Value ETF (SQLV) and WisdomTree U.S. SmallCap Dividend Fund (DES).

Bloomin' Brands (NASDAQ:BLMN) pays an annual dividend of $0.96 per share and currently has a dividend yield of 3.90%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 37.21%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BLMN will have a dividend payout ratio of 33.68% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BLMN.

Bloomin' Brands updated its third quarter earnings guidance on Tuesday, August, 1st. The company provided earnings per share guidance of $0.41-0.46 for the period, compared to the consensus estimate of $0.43.

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.

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."

Shares of BLMN stock 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 $24.59.

Bloomin' Brands (NASDAQ:BLMN) has a market capitalization of $2.14 billion and generates $4.42 billion in revenue each year. The restaurant operator earns $101.91 million in net income (profit) each year or $2.58 on an earnings per share basis.

The company employs 87,000 workers across the globe.

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