Bloomin' Brands - BLMN Stock Forecast, Price & News

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.
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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.
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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.
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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.

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

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.

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.

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), Pacer US Small Cap Cash Cows 100 ETF (CALF), 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) and American Century Quality Convertible Securities ETF (QCON).

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.

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 -.

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 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.

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 $25.61.

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.

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.