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

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Bloomin' Brands in the last twelve months. There are currently 8 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" BLMN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BLMN, but not buy additional shares or sell existing shares.
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10 analysts have issued 1-year price objectives for Bloomin' Brands' shares. Their BLMN share price targets range from $25.00 to $32.00. On average, they anticipate the company's share price to reach $27.90 in the next twelve months. This suggests a possible upside of 4.1% from the stock's current price.
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Bloomin' Brands' stock was trading at $28.15 at the start of the year. Since then, BLMN shares have decreased by 4.8% and is now trading at $26.79.
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Bloomin' Brands saw a increase in short interest during the month of March. As of March 31st, there was short interest totaling 4,960,000 shares, an increase of 9.3% from the March 15th total of 4,540,000 shares. Based on an average daily volume of 1,300,000 shares, the days-to-cover ratio is currently 3.8 days. Approximately 5.8% of the shares of the company are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Friday, April 26th 2024.
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Bloomin' Brands, Inc. (NASDAQ:BLMN) released its earnings results on Friday, February, 23rd. The restaurant operator reported $0.75 earnings per share for the quarter, topping analysts' consensus estimates of $0.69 by $0.06. The restaurant operator had revenue of $1.19 billion for the quarter, compared to analysts' expectations of $1.20 billion. Bloomin' Brands had a net margin of 5.30% and a trailing twelve-month return on equity of 73.67%. The company's revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.68 earnings per share.

Bloomin' Brands declared a quarterly dividend on Tuesday, February 13th. Shareholders of record on Wednesday, March 6th will be given a dividend of $0.24 per share on Wednesday, March 20th. This represents a $0.96 annualized dividend and a yield of 3.58%. The ex-dividend date is Tuesday, March 5th.
Read our dividend analysis for BLMN.

Bloomin' Brands (NASDAQ:BLMN) pays an annual dividend of $0.96 per share and currently has a dividend yield of 3.62%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 37.94%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BLMN will have a dividend payout ratio of 34.41% next year. This indicates that the company will be able to sustain or increase its dividend.
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), LeaderShares Activist Leaders ETF (ACTV), InfraCap Equity Income Fund ETF (ICAP), Invesco S&P SmallCap Consumer Discretionary ETF (PSCD), WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS), First Trust Small Cap Growth AlphaDEX Fund (FYC), WisdomTree U.S. SmallCap Fund (EES) and Avantis U.S. Small Cap Equity ETF (AVSC).

Bloomin' Brands issued an update on its FY24 earnings guidance on Friday, February, 23rd. The company provided EPS guidance of $2.51-2.66 for the period, compared to the consensus EPS estimate of $2.61.

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' stock is owned by many different institutional and retail investors. Top institutional investors include Annex Advisory Services LLC (0.34%) and Rye Brook Capital LLC (0.28%). 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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