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Bloomin' Brands - BLMN Stock Forecast, Price & News

$23.36
0.00 (0.00%)
(As of 08/15/2022 12:00 AM ET)
Add
Compare
Today's Range
$23.21
$23.79
50-Day Range
$16.28
$23.36
52-Week Range
$15.89
$27.69
Volume
3.25 million shs
Average Volume
1.95 million shs
Market Capitalization
$2.09 billion
P/E Ratio
37.08
Dividend Yield
2.40%
Price Target
$27.80

Bloomin' Brands MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.82 Rating Score
Upside/​Downside
19.0% Upside
$27.80 Price Target
Short Interest
Bearish
13.79% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-2.06
Upright™ Environmental Score
News Sentiment
0.72mentions of Bloomin
Based on 12 Articles This Week
Insider Trading
Selling Shares
$168,371 Sold Last Quarter
Proj. Earnings Growth
11.89%
From $2.44 to $2.73 Per Share

Overall MarketRank

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

2.10 out of 5 stars

Retail/Wholesale Sector

151st out of 219 stocks

Eating Places Industry

36th out of 45 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. As of December 26, 2021, the company owned and operated 1,013 full-service restaurants and franchised 157 restaurants across 47 states; and 156 full-service restaurants and franchised 172 restaurants across 17 countries and Guam. The company was founded in 1988 and is based in Tampa, Florida.

Bloomin' Brands Stock Up 0.6 %

NASDAQ:BLMN opened at $23.36 on Monday. The stock's 50 day moving average is $18.61 and its 200 day moving average is $20.52. The company has a current ratio of 0.32, a quick ratio of 0.23 and a debt-to-equity ratio of 3.05. Bloomin' Brands has a 12 month low of $15.89 and a 12 month high of $27.69. The stock has a market cap of $2.09 billion, a PE ratio of 37.08 and a beta of 1.88.

Bloomin' Brands (NASDAQ:BLMN - Get Rating) last released its quarterly earnings data on Friday, July 29th. The restaurant operator reported $0.68 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.63 by $0.05. Bloomin' Brands had a return on equity of 109.21% and a net margin of 1.76%. The business had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the previous year, the company posted $0.81 EPS. The company's revenue was up 4.4% compared to the same quarter last year. Research analysts predict that Bloomin' Brands will post 2.44 EPS for the current fiscal year.

Bloomin' Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 24th. Shareholders of record on Wednesday, August 10th will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date of this dividend is Tuesday, August 9th. Bloomin' Brands's payout ratio is 88.89%.

Analyst Upgrades and Downgrades

BLMN has been the topic of a number of analyst reports. TheStreet cut Bloomin' Brands from a "b-" rating to a "c" rating in a research report on Friday, July 29th. Citigroup lifted their price objective on Bloomin' Brands to $23.00 in a research report on Tuesday, August 9th. Barclays lowered their price objective on Bloomin' Brands from $29.00 to $26.00 in a research report on Thursday, June 9th. BMO Capital Markets lowered their price objective on Bloomin' Brands from $33.00 to $29.00 in a research report on Monday, August 1st. Finally, Morgan Stanley lifted their price objective on Bloomin' Brands from $21.00 to $22.00 and gave the company an "equal weight" rating in a research report on Monday, August 1st. Four equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $27.80.

Insiders Place Their Bets

In other Bloomin' Brands news, EVP Kelly Lefferts sold 8,087 shares of Bloomin' Brands stock in a transaction that occurred on Thursday, June 2nd. The stock was sold at an average price of $20.82, for a total value of $168,371.34. Following the sale, the executive vice president now owns 36,626 shares of the company's stock, valued at approximately $762,553.32. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 4.85% of the company's stock.

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BLMN Stock News Headlines

Bloomin’ Brands Is Blossoming 
Bloomin' Brands' value is slipping away as the stock climbs higher in the wake of its earnings report and the analysts are in support.
Analysts Set Bloomin' Brands, Inc. (NASDAQ:BLMN) PT at $27.80
StockNews.com Lowers Bloomin' Brands (NASDAQ:BLMN) to Hold
Bloomin' Brands (NASDAQ:BLMN) Price Target Cut to $28.00
Read How Bloomin' Brands Fared In Q2
Outback Steakhouse plans new Dayton-area restaurant
Bloomin' Brands (NASDAQ:BLMN) Cut to "Hold" at StockNews.com
Bloomin' Brands (NASDAQ:BLMN) Shares Gap Up to $17.33
Bloomin' Brands (NASDAQ:BLMN) PT Set at $20.00 by Citigroup
See More Headlines
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BLMN Company Calendar

Ex-Dividend for 5/25 Dividend
5/10/2022
Dividend Payable
5/25/2022
Last Earnings
7/29/2022
Ex-Dividend for 8/24 Dividend
8/09/2022
Today
8/15/2022
Dividend Payable
8/24/2022
Next Earnings (Estimated)
11/01/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Eating places
Sub-Industry
Restaurants
Current Symbol
NASDAQ:BLMN
CUSIP
09423510
Employees
82,000
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$27.80
High Stock Price Forecast
$36.00
Low Stock Price Forecast
$22.00
Forecasted Upside/Downside
+19.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.82
Research Coverage
11 Analysts

Profitability

Net Income
$215.55 million
Pretax Margin
2.52%

Debt

Sales & Book Value

Annual Sales
$4.12 billion
Cash Flow
$5.16 per share
Book Value
$2.50 per share

Miscellaneous

Free Float
84,966,000
Market Cap
$2.09 billion
Optionable
Optionable
Beta
1.88














BLMN Stock - Frequently Asked Questions

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

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Bloomin' Brands in the last twelve months. 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.
View BLMN analyst ratings
or view top-rated stocks.

What is Bloomin' Brands' stock price forecast for 2022?

11 brokers have issued 12-month price objectives for Bloomin' Brands' stock. Their BLMN share price forecasts range from $22.00 to $36.00. On average, they anticipate the company's stock price to reach $27.80 in the next twelve months. This suggests a possible upside of 19.0% 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 2022?

Bloomin' Brands' stock was trading at $20.98 on January 1st, 2022. Since then, BLMN stock has increased by 11.3% and is now trading at $23.36.
View the best growth stocks for 2022 here
.

When is Bloomin' Brands' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 1st 2022.
View our BLMN earnings forecast
.

How were Bloomin' Brands' earnings last quarter?

Bloomin' Brands, Inc. (NASDAQ:BLMN) released 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 analyst estimates of $1.11 billion. Bloomin' Brands had a trailing twelve-month return on equity of 109.21% and a net margin of 1.76%. The company's revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.81 EPS.

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

Bloomin' Brands announced 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 yield of 2.40%. The ex-dividend date is Tuesday, August 9th.
Read our dividend analysis for BLMN
.

Is Bloomin' Brands a good dividend stock?

Bloomin' Brands (NASDAQ:BLMN) pays an annual dividend of $0.56 per share and currently has a dividend yield of 2.40%. 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.

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

Bloomin' Brands issued an update on its third quarter 2022 earnings guidance on Friday, August, 5th. The company provided earnings per share 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.

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."

Who are Bloomin' Brands' major shareholders?

Bloomin' Brands' stock is owned by many different retail and institutional investors. Top institutional shareholders include Clearbridge Investments LLC (6.66%), Jennison Associates LLC (2.84%), Victory Capital Management Inc. (2.26%), Principal Financial Group Inc. (2.08%), William Blair Investment Management LLC (2.02%) and DG Capital Management LLC (1.05%). 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 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 $23.36.

How much money does Bloomin' Brands make?

Bloomin' Brands (NASDAQ:BLMN) has a market capitalization of $2.09 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.

How many employees does Bloomin' Brands have?

The company employs 82,000 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 8/15/2022 by MarketBeat.com Staff

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