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

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Bloomin' Brands in the last twelve months. There are currently 6 hold ratings, 3 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" BLMN shares.
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10 Wall Street analysts have issued 12-month price targets for Bloomin' Brands' shares. Their BLMN share price forecasts range from $26.00 to $35.00. On average, they anticipate the company's share price to reach $29.50 in the next twelve months. This suggests a possible upside of 15.3% from the stock's current price.
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Bloomin' Brands' stock was trading at $20.12 at the beginning of 2023. Since then, BLMN stock has increased by 27.1% and is now trading at $25.58.
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The company is scheduled to release its next quarterly earnings announcement on Friday, August 4th 2023.
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Bloomin' Brands, Inc. (NASDAQ:BLMN) posted its quarterly earnings data on Friday, April, 28th. The restaurant operator reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.09. The restaurant operator earned $1.24 billion during the quarter, compared to analysts' expectations of $1.22 billion. Bloomin' Brands had a net margin of 2.60% and a trailing twelve-month return on equity of 92.23%. Bloomin' Brands's revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.80 earnings per share.

Bloomin' Brands announced a quarterly dividend on Tuesday, April 18th. Stockholders of record on Wednesday, May 10th will be paid a dividend of $0.24 per share on Wednesday, May 24th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.75%. The ex-dividend date is Tuesday, May 9th.
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 Dynamic Leisure and Entertainment ETF (PEJ), Invesco S&P SmallCap Consumer Discretionary ETF (PSCD), Invesco DWA Consumer Cyclicals Momentum ETF (PEZ), VictoryShares US Small Cap High Div Volatility Wtd ETF (CSB), WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS), American Century Quality Convertible Securities ETF (QCON) and Royce Quant Small-Cap Quality Value ETF (SQLV).

Bloomin' Brands (NASDAQ:BLMN) pays an annual dividend of $0.96 per share and currently has a dividend yield of 3.66%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 82.76%. 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 31.07% 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 FY23 earnings guidance on Friday, April, 28th. The company provided EPS guidance of $2.91-3.00 for the period, compared to the consensus estimate of $2.94.

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 many different retail and institutional investors. Top institutional investors include BlackRock Inc. (15.71%), LSV Asset Management (4.33%), Clearbridge Investments LLC (3.93%), State Street Corp (3.62%), Jennison Associates LLC (3.42%) and Arrowstreet Capital Limited Partnership (3.03%). 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 $25.58.

Bloomin' Brands (NASDAQ:BLMN) has a market capitalization of $2.23 billion and generates $4.42 billion in revenue each year. The restaurant operator earns $101.91 million in net income (profit) each year or $1.16 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.