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NASDAQ:BLMN

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

$27.87
+0.50 (+1.83%)
(As of 02/26/2024 ET)
Today's Range
$27.59
$28.17
50-Day Range
$24.79
$28.63
52-Week Range
$22.03
$28.75
Volume
1.83 million shs
Average Volume
1.19 million shs
Market Capitalization
$2.42 billion
P/E Ratio
11.02
Dividend Yield
3.44%
Price Target
$27.90

Bloomin' Brands MarketRank™ Stock Analysis

Analyst Rating
Hold
2.20 Rating Score
Upside/​Downside
0.1% Upside
$27.90 Price Target
Short Interest
Bearish
10.42% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-4.60
Upright™ Environmental Score
News Sentiment
0.63mentions of Bloomin
Based on 33 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
4.58%
From $2.62 to $2.74 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.

3.56 out of 5 stars

Retail/Wholesale Sector

87th out of 204 stocks

Eating Places Industry

17th out of 40 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

These 2 carnivore dining stocks gaining on the Ozempic craze (BLMN)
Ozempic and GLP-1 parallel the artificial intelligence (AI) mania, but it has also propelled "carnivore" restaurants like the two we feature here.
These 2 carnivore dining stocks gaining on the Ozempic craze
The Ozempic and GLP-1 weight loss trend parallels the artificial intelligence (AI) mania that's gone mainstream viral, sending stocks like Novo Nordisk A/S NYSE: NVO and Nvidia Corp. NASDAQ: NVDA through the roof. While GLP-1 users report amazing weight loss results, like Oprah Winfrey losing 60 pounds, users continue to report the side effects of nausea, vomiting, gastrointestinal maladies and the return of weight once getting off the treatment.
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
Bloomin' Brands could blossom in 2024
Bloomin' Brands NASDAQ: BLMN served mixed results for Q4 and provided tepid guidance, but repositioning efforts have the restaurant stock set up to blossom in 2024. A massive closure effort intended to trim older, underperforming assets in favor of new and new assets is underway, and results have begun to show.
Bloomin’ Brands could blossom in 2024
Bloomin' Brands is a deeply undervalued stock, yielding more than 3.5% and repurchasing shares. Activist investors are involved and may help unlock value.
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
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
Bloomin' Brands (BLMN) Scheduled to Post Earnings on Friday
See More Headlines
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Company Calendar

Ex-Dividend for 11/29 Dividend
11/13/2023
Dividend Payable
11/29/2023
Last Earnings
2/23/2024
Today
2/26/2024
Ex-Dividend for 3/20 Dividend
3/05/2024
Dividend Payable
3/20/2024
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
-2.5%
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
$5.42 per share
Book Value
$3.12 per share

Miscellaneous

Free Float
83,185,000
Market Cap
$2.43 billion
Optionable
Optionable
Beta
2.02
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Key Executives















BLMN Stock Analysis - Frequently Asked Questions

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

10 Wall Street 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 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 brokerages have issued 1 year target prices 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 $27.90 in the next year. This suggests a possible upside of 0.1% 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 the year. Since then, BLMN stock has decreased by 1.0% and is now trading at $27.87.
View the best growth stocks for 2024 here
.

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 earnings results on Friday, February, 23rd. The restaurant operator reported $0.75 earnings per share (EPS) for the quarter, topping 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 net margin of 5.30% and a trailing twelve-month return on equity of 76.13%. The business's quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter last year, the business posted $0.68 EPS.

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

Bloomin' Brands announced a quarterly dividend on Tuesday, February 13th. Shareholders of record on Wednesday, March 6th will be given a dividend of $0.24 per share on Wednesday, March 20th. This represents a $0.96 annualized dividend and a yield of 3.44%. 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 3.51%. 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 35.04% 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 FY24 earnings guidance on Friday, February, 23rd. The company provided earnings per share guidance of $2.51-2.66 for the period, compared to the consensus EPS 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 a variety of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (14.31%), LSV Asset Management (4.14%), Dimensional Fund Advisors LP (2.89%), Clearbridge Investments LLC (2.71%), Principal Financial Group Inc. (2.67%) and Jennison Associates LLC (2.09%). 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 2/26/2024 by MarketBeat.com Staff