Bloomin' Brands, Inc. (BLMN)

NASDAQ: BLMN · IEX Real-Time Price · USD
26.91
-0.11 (-0.41%)
Apr 17, 2024, 4:00 PM EDT - Market closed
-0.41%
Market Cap 2.34B
Revenue (ttm) 4.67B
Net Income (ttm) 247.39M
Shares Out 87.07M
EPS (ttm) 2.56
PE Ratio 10.51
Forward PE 10.32
Dividend $0.96 (3.57%)
Ex-Dividend Date Mar 5, 2024
Volume 1,264,516
Open 27.26
Previous Close 27.02
Day's Range 26.65 - 27.29
52-Week Range 22.03 - 30.13
Beta 2.02
Analysts Hold
Price Target 27.67 (+2.82%)
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]

Industry Restaurants
IPO Date Aug 8, 2012
Employees 87,000
Stock Exchange NASDAQ
Ticker Symbol BLMN
Full Company Profile

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 Statements

Analyst Forecast

According to 10 analysts, the average rating for BLMN stock is "Hold." The 12-month stock price forecast is $27.67, which is an increase of 2.82% from the latest price.

Price Target
$27.67
(2.82% upside)
Analyst Consensus: Hold
Stock Forecasts

News

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 ...

14 hours ago - Business Wire

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...

7 weeks ago - Market Watch

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 ...

7 weeks ago - Business Wire

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...

2 months ago - Business Wire

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.

Other symbols: FDXHIKRE
3 months ago - Barrons

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.

3 months ago - Investopedia

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.

3 months ago - WSJ

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...

3 months ago - Business Wire

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...

5 months ago - Market Watch

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...

5 months ago - Business Wire

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...

Other symbols: AQN
6 months ago - Business Wire

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...

6 months ago - Business Wire

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...

Other symbols: DKSNWL
6 months ago - Benzinga

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...

Other symbols: CMGEATFWRGSHAK
7 months ago - CNBC Television

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.

7 months ago - CNBC

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.

7 months ago - CNBC

Jefferies' Andy Barish on consumer appetite for restaurants

Andy Barish, Jefferies managing director, joins 'The Exchange' to discuss consumer spending in the restaurant sector.

Other symbols: CAKEDRIEATFWRG
7 months ago - CNBC Television

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...

Other symbols: DRILEVI
7 months ago - Benzinga

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...

8 months ago - Business Wire

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...

8 months ago - Yahoo Finance

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.

8 months ago - CNBC

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 ...

8 months ago - Market Watch

Bloomin' Brands stock rises on WSJ report that Starboard has taken stake

Bloomin' Brands BLMN, -3.47% shares rallied 8% in premarket trade on Friday after the Wall Street Journal reported that activist investor Starboard Value has built a stake in the owner of Outback Stea...

8 months ago - Market Watch

Outback Steakhouse Owner Draws Activist Investor

Starboard Value owns more than 5% of Bloomin' Brands.

8 months ago - WSJ

Bloomin' Brands Q2 profit beats Wall Street expectations

Bloomin' Brands Inc. BLMN, -1.83% on Tuesday delivered stronger-than-expected second-quarter profit of $68.28 million, or 70 cents a share, after it reported a year-ago loss of $63.64 million, or 72 c...

9 months ago - Market Watch