Bloomin' Brands - BLMN Stock Forecast, Price & News

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Bloomin' Brands in the last twelve months. There are currently 6 hold ratings, 5 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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12 equities research analysts have issued 12-month price objectives for Bloomin' Brands' shares. Their BLMN share price forecasts range from $23.00 to $35.00. On average, they expect the company's stock price to reach $27.30 in the next twelve months. This suggests a possible upside of 12.5% 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 stock has increased by 20.6% and is now trading at $24.26.
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Bloomin' Brands saw a decline in short interest in the month of January. As of January 15th, there was short interest totaling 8,720,000 shares, a decline of 5.4% from the December 31st total of 9,220,000 shares. Based on an average trading volume of 1,580,000 shares, the short-interest ratio is currently 5.5 days. Currently, 10.4% of the shares of the company are sold short.
View Bloomin' Brands' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 16th 2023.
View our BLMN earnings forecast.

Bloomin' Brands will be holding an earnings conference call on Thursday, February 16th at 8:15 AM Eastern. Interested parties can register for or listen to the call using this link.

Bloomin' Brands, Inc. (NASDAQ:BLMN) posted its quarterly earnings results on Monday, November, 1st. The restaurant operator reported $0.57 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.57. The restaurant operator had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.04 billion. Bloomin' Brands had a net margin of 2.39% and a trailing twelve-month return on equity of 92.10%. During the same quarter last year, the business posted ($0.12) earnings per share.

Bloomin' Brands declared a quarterly dividend on Tuesday, October 18th. Shareholders of record on Wednesday, November 9th will be paid a dividend of $0.14 per share on Wednesday, November 23rd. This represents a $0.56 annualized dividend and a yield of 2.31%. The ex-dividend date of this dividend is Tuesday, November 8th.
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 2.37%. The dividend payout ratio is 59.58%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BLMN will have a dividend payout ratio of 20.97% 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 fourth quarter 2022 earnings guidance on Sunday, November, 6th. The company provided earnings per share (EPS) guidance of $0.63-$0.73 for the period, compared to the consensus EPS estimate of $0.63. The company issued revenue guidance of $1.11 billion-$1.15 billion, compared to the consensus revenue estimate of $1.11 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 many different institutional and retail investors. Top institutional shareholders include New York State Common Retirement Fund (0.54%), Wedge Capital Management L L P NC (0.49%), Xcel Wealth Management LLC (0.26%), Rye Brook Capital LLC (0.25%), Allspring Global Investments Holdings LLC (0.22%) and Comerica Bank (0.20%). 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 $24.26.

Bloomin' Brands (NASDAQ:BLMN) has a market capitalization of $2.13 billion and generates $4.12 billion in revenue each year. The restaurant operator earns $215.55 million in net income (profit) each year or $0.94 on an earnings per share basis.

The company 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.