Bloomin' Brands - BLMN Stock Forecast, Price & News

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Bloomin' Brands in the last year. There are currently 3 hold ratings, 7 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" BLMN shares.
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11 brokers have issued 12-month target prices for Bloomin' Brands' shares. Their BLMN share price forecasts range from $22.00 to $36.00. On average, they expect the company's share price to reach $27.80 in the next year. This suggests a possible upside of 29.4% 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 shares have increased by 2.4% and is now trading at $21.48.
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Bloomin' Brands is scheduled to release its next quarterly earnings announcement on Tuesday, November 1st 2022.
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Bloomin' Brands, Inc. (NASDAQ:BLMN) issued its earnings results on Friday, July, 29th. The restaurant operator reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.05. The restaurant operator earned $1.13 billion during the quarter, compared to analysts' expectations of $1.11 billion. Bloomin' Brands had a trailing twelve-month return on equity of 109.21% and a net margin of 1.76%. Bloomin' Brands's quarterly revenue was up 4.4% on a year-over-year basis. During the same period last year, the company posted $0.81 EPS.

Bloomin' Brands declared a quarterly dividend on Tuesday, July 19th. Shareholders of record on Wednesday, August 10th will be given a dividend of $0.14 per share on Wednesday, August 24th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.61%. The ex-dividend date is Tuesday, August 9th.
Read our dividend analysis for BLMN.

Bloomin' Brands (NASDAQ:BLMN) pays an annual dividend of $0.56 per share and currently has a dividend yield of 2.60%. The dividend payout ratio is 88.89%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, BLMN will have a dividend payout ratio of 20.51% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BLMN.

Bloomin' Brands issued an update on its third quarter 2022 earnings guidance on Friday, August, 5th. The company provided EPS guidance of $0.31-$0.36 for the period, compared to the consensus estimate of $0.39. The company issued revenue guidance of $1.05 billion-$1.07 billion, compared to the consensus revenue estimate of $1.04 billion.

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."

Bloomin' Brands' stock is owned by a number of retail and institutional investors. Top institutional investors include Jennison Associates LLC (2.84%), Victory Capital Management Inc. (2.26%), Wedge Capital Management L L P NC (0.63%), Royce & Associates LP (0.50%), Xcel Wealth Management LLC (0.41%) and Russell Investments Group Ltd. (0.32%). Insiders that own company stock include David J Deno, Elizabeth A Smith, Gregg Scarlett and Kelly Lefferts.
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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 $21.48.

Bloomin' Brands (NASDAQ:BLMN) has a market capitalization of $1.92 billion and generates $4.12 billion in revenue each year. The restaurant operator earns $215.55 million in net income (profit) each year or $0.63 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 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.