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NASDAQ:BLMN

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

$24.55
-0.04 (-0.16%)
(As of 11:33 AM ET)
Compare
Today's Range
$24.33
$24.63
50-Day Range
$23.76
$28.39
52-Week Range
$17.96
$28.67
Volume
212,171 shs
Average Volume
1.64 million shs
Market Capitalization
$2.14 billion
P/E Ratio
9.52
Dividend Yield
3.91%
Price Target
$30.00

Bloomin' Brands MarketRank™ Forecast

Analyst Rating
Hold
2.42 Rating Score
Upside/​Downside
22.6% Upside
$30.00 Price Target
Short Interest
Bearish
12.61% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-3.90
Upright™ Environmental Score
News Sentiment
0.40mentions of Bloomin
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-2.73%
From $2.93 to $2.85 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.40 out of 5 stars

Retail/Wholesale Sector

85th out of 216 stocks

Eating Places Industry

22nd out of 40 stocks


BLMN stock logo

About Bloomin' Brands (NASDAQ:BLMN) Stock

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 Price History

BLMN Stock News Headlines

3 Tasty Dividend Stocks With Value and Above-Average Yields
Restaurant stocks are moving lower and offering a discount on their cash flow, dividend, high yield, and share repurchases
Nuclear Revival Creates Opportunities for Uranium
Uranium companies set to benefit from increased demand for clean energy.
Bloomin' Brands (NASDAQ:BLMN) Trading Down 2.6%
Long-Term Returns of Jana Partners’ 5 Activist Targets
Nuclear Revival Creates Opportunities for Uranium
Uranium companies set to benefit from increased demand for clean energy.
Why This Activist Investor Has Honed In On Outback Steakhouse
Bloomin' shuffles board amid looming activist concerns
Activist Investor Starboard Value Takes A Stake In Bloomin' Brands
Why Bloomin' Brands Surged Today
Outback Owner Hikes as Activist Buys Stake
See More Headlines
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BLMN Company Calendar

Last Earnings
8/01/2023
Ex-Dividend for 8/25 Dividend
8/11/2023
Dividend Payable
8/25/2023
Today
10/02/2023
Next Earnings (Estimated)
10/27/2023
Fiscal Year End
12/31/2023

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 Forecast
$30.00
High Stock Price Forecast
$35.00
Low Stock Price Forecast
$27.00
Forecasted Upside/Downside
+22.0%
Consensus Rating
Hold
Rating Score (0-4)
2.42
Research Coverage
12 Analysts

Profitability

Net Income
$101.91 million
Pretax Margin
6.44%

Debt

Sales & Book Value

Annual Sales
$4.42 billion
Cash Flow
$4.90 per share
Book Value
$3.12 per share

Miscellaneous

Free Float
83,456,000
Market Cap
$2.14 billion
Optionable
Optionable
Beta
1.89
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Key Executives

  • Mr. David J. Deno (Age 65)
    CEO & Director
    Comp: $1.9M
  • Mr. Christopher Adkins Meyer (Age 51)
    Exec. VP & CFO
    Comp: $849.93k
  • Ms. Kelly M. LeffertsMs. Kelly M. Lefferts (Age 56)
    Exec. VP, Chief Legal Officer & Sec.
    Comp: $791.2k
  • Mr. Gregg D. ScarlettMr. Gregg D. Scarlett (Age 61)
    Exec. VP & COO of Casual Dining Restaurants
    Comp: $1.17M
  • Mr. Philip Pace
    Sr. VP & Chief Accounting Officer
  • Tara Kurian
    VP of Corp. Financial & Investor Relations
  • Ms. Astrid Isaacs
    Sr. VP & CTO
  • Ms. Danielle M. Vona (Age 55)
    Sr. VP & Chief Marketing Officer
  • Ms. Suzann Trevisan
    Sr. VP & Chief HR Officer
  • Mr. Mark Graff
    Sr. VP of Bus. Devel. & Financial Planning













BLMN Stock - Frequently Asked Questions

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

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.

What is Bloomin' Brands' stock price forecast for 2023?

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.
View analysts price targets for BLMN
or view top-rated stocks among Wall Street analysts.

How have BLMN shares performed in 2023?

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.
View the best growth stocks for 2023 here
.

When is Bloomin' Brands' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, October 27th 2023.
View our BLMN earnings forecast
.

How were Bloomin' Brands' earnings last quarter?

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.

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

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
.

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 3.90%. 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.

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

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.

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).

What is Bloomin' Brands' stock symbol?

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

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Bloomin' Brands' stock price today?

One share of BLMN stock can currently be purchased for approximately $24.59.

How much money does Bloomin' Brands make?

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.

How many employees does Bloomin' Brands have?

The company employs 87,000 workers across the globe.

How can I contact Bloomin' Brands?

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.

This page (NASDAQ:BLMN) was last updated on 10/2/2023 by MarketBeat.com Staff

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