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NASDAQ:BLMN

Bloomin' Brands - BLMN Stock Forecast, Price & News

$25.61
+0.12 (+0.47%)
(As of 03/20/2023 12:00 AM ET)
Add
Compare
Today's Range
$24.99
$25.95
50-Day Range
$23.16
$28.24
52-Week Range
$15.89
$28.46
Volume
2.51 million shs
Average Volume
1.93 million shs
Market Capitalization
$2.24 billion
P/E Ratio
26.68
Dividend Yield
3.75%
Price Target
$29.55

Bloomin' Brands MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.58 Rating Score
Upside/​Downside
15.4% Upside
$29.55 Price Target
Short Interest
Bearish
12.23% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-2.67
Upright™ Environmental Score
News Sentiment
0.95mentions of Bloomin
Based on 6 Articles This Week
Insider Trading
Selling Shares
$1.79 M Sold Last Quarter
Proj. Earnings Growth
4.14%
From $2.90 to $3.02 Per Share

Overall MarketRank

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

2.63 out of 5 stars

Retail/Wholesale Sector

44th out of 207 stocks

Eating Places Industry

9th out of 41 stocks


BLMN stock logo

About Bloomin' Brands (NASDAQ:BLMN) Stock

Bloomin' Brands, Inc. engages in the acquisition, operation, design, and development of restaurant concepts. It operates through the U.S. and International geographical segments. The U.S. segment operates in the USA and Puerto Rico. The International segment operates in Brazil, South Korea, Hong Kong, and China. Its brands include Outback Steakhouse, Carrabba's Italian Grill, Bonefish Grill, and Fleming's Prime Steakhouse and Wine Bar. The company was founded by Chris Thomas Sullivan, Robert Danker Basham and John Timothy Gannon in March 1988 and is headquartered in Tampa, FL.

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BLMN Stock News Headlines

Cracker Barrel Stock: Range Bound, but High Yield For 2023  (BLMN)
Cracker Barrel is the dog of the restaurant sector, but that has it trading at a value to sector leaders and paying the highest dividend in the group.
Ruth’s Hospitality Group: A Tasty Small Cap For Income (BLMN)
Ruth's Hospitality Group offers value and yield within the restaurant sector and growth is on the table along with margin improvement.
This Stock Has Room To Run
Analysts believe this stock's product demand could rise quickly in the next few years.
This Stock Has Room To Run
Analysts believe this stock's product demand could rise quickly in the next few years.
Bloomin' Brands Reaches Analyst Target Price
Read Why Raymond James Remains Bullish On Bloomin' Brands
Raymond James Keeps Their Buy Rating on Bloomin’ Brands (BLMN)
Why Bloomin' Brands Shares Are Rising Today
Bloomin’ Brands Announces 2022 Q4 Financial Results
See More Headlines
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BLMN Company Calendar

Last Earnings
2/16/2023
Ex-Dividend for 3/15 Dividend
2/28/2023
Dividend Payable
3/15/2023
Today
3/21/2023
Next Earnings (Estimated)
5/05/2023
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
$29.55
High Stock Price Forecast
$35.00
Low Stock Price Forecast
$26.00
Forecasted Upside/Downside
+15.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.58
Research Coverage
12 Analysts

Profitability

Net Income
$101.91 million
Pretax Margin
3.44%

Debt

Sales & Book Value

Annual Sales
$4.42 billion
Cash Flow
$4.93 per share
Book Value
$3.12 per share

Miscellaneous

Free Float
83,949,000
Market Cap
$2.24 billion
Optionable
Optionable
Beta
1.87

Key Executives

  • David J. Deno
    Chief Executive Officer & Director
  • Christopher A. Meyer
    Chief Financial Officer & Executive Vice President
  • Astrid Isaacs
    Chief Technology Officer & Senior Vice President
  • Kelly M. LeffertsKelly M. Lefferts
    Secretary, Chief Legal Officer & Executive VP
  • Philip Pace
    Chief Accounting Officer & Senior Vice President













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 year. There are currently 6 hold ratings, 5 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street 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 2023?

12 analysts have issued twelve-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 stock price to reach $29.55 in the next year. This suggests a possible upside of 15.4% 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 at the start of the year. Since then, BLMN shares have increased by 27.3% and is now trading at $25.61.
View the best growth stocks for 2023 here
.

Are investors shorting Bloomin' Brands?

Bloomin' Brands saw a increase in short interest in the month of February. As of February 28th, there was short interest totaling 10,170,000 shares, an increase of 10.8% from the February 13th total of 9,180,000 shares. Based on an average daily volume of 1,620,000 shares, the days-to-cover ratio is presently 6.3 days. Currently, 12.2% of the company's stock are short sold.
View Bloomin' Brands' Short Interest
.

When is Bloomin' Brands' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, May 5th 2023.
View our BLMN earnings forecast
.

How were Bloomin' Brands' earnings last quarter?

Bloomin' Brands, Inc. (NASDAQ:BLMN) announced its quarterly earnings results on Thursday, February, 16th. The restaurant operator reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.05. The restaurant operator earned $1.10 billion during the quarter, compared to the consensus estimate of $1.12 billion. Bloomin' Brands had a net margin of 2.31% and a trailing twelve-month return on equity of 89.75%. The firm's quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.60 EPS.

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

Bloomin' Brands announced a quarterly dividend on Tuesday, February 7th. Stockholders of record on Wednesday, March 1st will be paid a dividend of $0.24 per share on Wednesday, March 15th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.75%. The ex-dividend date of this dividend is Tuesday, February 28th. This is a positive change from the stock's previous quarterly dividend of $0.14.
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 3.77%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 100.00%. 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 31.79% 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 first quarter 2023 earnings guidance on Monday, February, 20th. The company provided earnings per share guidance of $0.85-$0.90 for the period, compared to the consensus EPS estimate of $0.87. The company issued revenue guidance of -.

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 a number of retail and institutional investors. Top institutional investors include LSV Asset Management (4.12%), Clearbridge Investments LLC (4.11%), Jennison Associates LLC (3.37%), Arrowstreet Capital Limited Partnership (2.79%), Victory Capital Management Inc. (2.78%) and Victory Capital Management Inc. (2.78%). 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 $25.61.

How much money does Bloomin' Brands make?

Bloomin' Brands (NASDAQ:BLMN) has a market capitalization of $2.24 billion and generates $4.42 billion in revenue each year. The restaurant operator earns $101.91 million in net income (profit) each year or $0.96 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 3/21/2023 by MarketBeat.com Staff