Bloomin' Brands, Inc. (BLMN)
| Market Cap | 2.03B |
| Revenue (ttm) | 4.62B |
| Net Income (ttm) | 72.20M |
| Shares Out | 86.48M |
| EPS (ttm) | 0.67 |
| PE Ratio | 35.00 |
| Forward PE | 8.88 |
| Dividend | $0.96 (4.09%) |
| Ex-Dividend Date | May 17, 2024 |
| Volume | 1,084,932 |
| Open | 23.91 |
| Previous Close | 23.88 |
| Day's Range | 23.39 - 23.97 |
| 52-Week Range | 22.03 - 30.13 |
| Beta | 2.03 |
| Analysts | Hold |
| Price Target | 27.22 (+16.08%) |
| Earnings Date | May 7, 2024 |
About BLMN
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. The company was founded in 1988 and is based in Tampa, Florida. [Read more]
Financial Performance
In 2023, BLMN's revenue was $4.67 billion, an increase of 5.77% compared to the previous year's $4.42 billion. Earnings were $247.39 million, an increase of 142.76%.
Financial StatementsAnalyst Forecast
According to 10 analysts, the average rating for BLMN stock is "Hold." The 12-month stock price forecast is $27.22, which is an increase of 16.08% from the latest price.
News
Bloomin' Brands swings to Q1 loss, is exploring ‘strategic alternatives' for Brazil business
Bloomin' Brands Inc. BLMN, -2.54% swung to a loss in its first-quarter results before market open Tuesday and announced that it is exploring strategic alternatives for its Brazil operations. In a sepa...
Bloomin' Brands CEO David Deno Retiring
TAMPA, Fla.--(BUSINESS WIRE)--Bloomin' Brands, Inc. (NASDAQ: BLMN) announced that David Deno, Chief Executive Officer, will be retiring after 12 years with the company, including the last five years a...
Bloomin' Brands Announces 2024 Q1 Financial Results
TAMPA, Fla.--(BUSINESS WIRE)--Bloomin' Brands, Inc. (Nasdaq: BLMN) today reported results for the first quarter 2024 (“Q1 2024”) compared to the first quarter 2023 (“Q1 2023”). CEO Comments “The first...
Bloomin' Brands, Inc. to Host Fiscal 2024 First Quarter Earnings Conference Call at 8:00 AM EDT on May 7, 2024
TAMPA, Fla.--(BUSINESS WIRE)--Bloomin' Brands, Inc. (Nasdaq: BLMN) will release results for the fiscal first quarter ended March 31, 2024, on Tuesday, May 7, 2024, at approximately 6:45 AM EDT, which ...
Bloomin' Brands adjusted Q4 profit beats estimates but it lowers its Q1 view
Bloomin' Brands Inc. BLMN, -0.56% on Friday reported a lower fourth-quarter profit, but its adjusted earnings for the period beat analyst estimates on a strong holiday season. The owner of Outback Ste...
Bloomin' Brands Announces 2023 Q4 Financial Results
TAMPA, Fla.--(BUSINESS WIRE)--Bloomin' Brands, Inc. (Nasdaq: BLMN) today reported results for the fourth quarter 2023 (“Q4 2023”) and fiscal year ended December 31, 2023 (“Fiscal Year 2023”) compared ...
Bloomin' Brands, Inc. to Host Fiscal 2023 Fourth Quarter Earnings Conference Call at 8:00 AM EST on February 23, 2024
TAMPA, Fla.--(BUSINESS WIRE)--Bloomin' Brands, Inc. (Nasdaq: BLMN) will release results for the fiscal fourth quarter ended December 31, 2023, on Friday, February 23, 2024, at approximately 6:45 AM ES...
4 Stocks to Buy on a Dip
It's time for stock buyers to feast on beaten-down names whose earnings are fairly sensitive to changes in economic demand.
Outback Steakhouse Parent Bloomin' Brands Pares Back Gains After Adding New Board Members
Shares of Outback Steakhouse parent Bloomin' Brands (BLMN) jumped in early trading Wednesday before paring back gains after announcing two new board members.
Bloomin' Brands Names Two Directors in Agreement With Starboard Value
Bloomin' Brands has appointed two new members of its board as part of an agreement with activist investor Starboard Value.
Dave George and Jon Sagal Appointed to Bloomin' Brands Board of Directors
TAMPA, Fla.--(BUSINESS WIRE)--Bloomin' Brands, Inc. (Nasdaq: BLMN) today announced the appointment of Dave George, former Chief Operating Officer of Darden Restaurants, and Jon Sagal, Partner at Starb...
Outback Steakhouse parent Bloomin's Brands stock slides after company lowers guidance in soft market
Outback Steakhouse parent Bloomin' Brands Inc.'s stock BLMN, +0.55% tumbled 6.7% premarket Friday, after the company cut its full-year guidance to reflect a soft casual dining environment. The company...
Bloomin' Brands Announces Q3 2023 Financial Results
TAMPA, Fla.--(BUSINESS WIRE)--Bloomin' Brands, Inc. (Nasdaq: BLMN) today reported results for the third quarter 2023 (“Q3 2023”) compared to the third quarter 2022 (“Q3 2022”). CEO Comments “We saw st...
Starboard Value Issues Presentation Delivered at the 2023 Capitalize for Kids Investors Conference
NEW YORK--(BUSINESS WIRE)--Starboard Value LP (together with its affiliates, “Starboard” or “we”) today announced that Jeffrey Smith, the firm's Chief Executive Officer and Chief Investment Officer, d...
Bloomin' Brands, Inc. to Host Fiscal 2023 Third Quarter Earnings Conference Call at 8:00 AM EDT on November 3, 2023
TAMPA, Fla.--(BUSINESS WIRE)--Bloomin' Brands, Inc. (Nasdaq: BLMN) will release results for the fiscal third quarter ended September 24, 2023, on Friday, November 3, 2023, at approximately 6:45 AM EDT...
These 3 Consumer Stocks With Over 3% Dividend Yields Are Recommended By Wall Street's Most Accurate Analysts - Bloomin Brands (NASDAQ:BLMN), Dick's Sporting Goods (NYSE:DKS)
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high...
Sentiment for restaurants is deteriorating due to pockets of softness, says Raymond James analyst
Brian Vaccaro, restaurant analyst at Raymond James, joins 'The Exchange' to discuss signs of a decline in dining out, breakfast restaurants gaining share from other parts of the restaurant business, a...
How Outback's success in Brazil is keeping the Australian-style barbecue chain alive
In a country known for its rich barbecue culture, Outback Steakhouse in Brazil has experienced surprising success.
Activist Starboard has a variety of strategies to build value at Bloomin' Brands
The firm could turn to its value-building playbook for restaurants in this latest engagement with Bloomin' Brands.
Jefferies' Andy Barish on consumer appetite for restaurants
Andy Barish, Jefferies managing director, joins 'The Exchange' to discuss consumer spending in the restaurant sector.
Wall Street's Most Accurate Analysts Say Buy These 3 Consumer Stocks Delivering High-Dividend Yields - Bloomin Brands (NASDAQ:BLMN), Darden Restaurants (NYSE:DRI)
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high...
Bloomin' Brands Announces Board Changes
TAMPA, Fla.--(BUSINESS WIRE)--Bloomin' Brands, Inc. (NASDAQ: BLMN) today announced that Rohit Lal, who currently serves as Executive Vice President and Chief Information Officer for Saia Inc., has joi...
Activist investor Starboard Value sets sights on Bloomin' Brands
Barclays analysts report a four-year high for activist investor campaigns in the first half of the year, hedge fund Starboard Value is on the move with a new campaign targeting Outback Steakhouse-pare...
Outback Steakhouse owner's stock rises after activist Starboard Value buys stake
Starboard Value now owns 9.9% of Bloomin' Brands' shares, according to a regulatory filing.
Outback Steakhouse parent Bloomin' Brands' stock up 5% after Starboard Value confirms 9.9% stake
Bloomin's Brands Inc.'s stock BLMN, -3.47% was up 5% premarket Friday, after activist investor Starboard Value LP confirmed it has built a 9.9% stake in the parent of Outback Steakhouse. The news was ...