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

Company Overview

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.

Key Stats

• Today's Range: $16.24 to $16.96
• 50-Day Range: $15.38 to $18.18
• 52-Week Range: $15.14 to $30.13
• Volume: 1.92 million shs
• Average Volume: 1.46 million shs
• Market Capitalization: $1.46 billion
• P/E Ratio: 64.77
• Dividend Yield: 5.70%
• Price Target: $22.33
• Consensus Rating: Hold

Bloomin' Brands Stock Analysis - MarketRank™

Bloomin' Brands scored higher than 95% of companies evaluated by MarketBeat, and ranked 18th out of 205 stocks in the retail/wholesale sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 4.1 / 5
• Analyst Rating: Hold

Consensus Rating

Bloomin' Brands has received a consensus rating of Hold. The company's average rating score is 2.22, and is based on 2 buy ratings, 7 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Bloomin' Brands has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 9.13%

Earnings Growth

Earnings for Bloomin' Brands are expected to grow by 9.13% in the coming year, from $2.08 to $2.27 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Bloomin' Brands is 64.77, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 133.32.

Price to Earnings Ratio vs. Sector

The P/E ratio of Bloomin' Brands is 64.77, which means that it is trading at a more expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 23.27.

Price to Book Value per Share Ratio

Bloomin' Brands has a P/B Ratio of 3.55. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

10.14% of the float of Bloomin' Brands has been sold short.

Short Interest Ratio / Days to Cover

Bloomin' Brands has a short interest ratio ("days to cover") of 5.4.

Change versus previous month

Short interest in Bloomin' Brands has recently decreased by 10.91%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Leadership

Bloomin' Brands is a leading dividend payer. It pays a dividend yield of 6.21%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Bloomin' Brands does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Bloomin' Brands is 150.00%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on earnings estimates, Bloomin' Brands will have a dividend payout ratio of 42.29% next year. This indicates that Bloomin' Brands will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 1.8 / 5
• Environmental Score: -4.57

Percentage of Shares Shorted

10.14% of the float of Bloomin' Brands has been sold short.

Short Interest Ratio / Days to Cover

Bloomin' Brands has a short interest ratio ("days to cover") of 5.4.

Change versus previous month

Short interest in Bloomin' Brands has recently decreased by 10.91%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.0 / 5
• News Sentiment: 0.65

News Sentiment

Bloomin' Brands has a news sentiment score of 0.65. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Retail/Wholesale companies.

News Coverage This Week

MarketBeat has tracked 5 news articles for Bloomin' Brands this week, compared to 5 articles on an average week.

MarketBeat Follows

3 people have added Bloomin' Brands to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, Bloomin' Brands insiders have bought more of their company's stock than they have sold. Specifically, they have bought $15,650.00 in company stock and sold $0.00 in company stock.

Percentage Held by Insiders

Only 3.14% of the stock of Bloomin' Brands is held by insiders.

BLMN Stock Analysis - Frequently Asked Questions

How have BLMN shares performed this year?

Bloomin' Brands' stock was trading at $28.15 at the start of the year. Since then, BLMN shares have decreased by 40.2% and is now trading at $16.84.
View the best growth stocks for 2024 here.

How were Bloomin' Brands' earnings last quarter?

Bloomin' Brands, Inc. (NASDAQ:BLMN) announced its quarterly earnings data on Tuesday, August, 6th. The restaurant operator reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by $0.07. Bloomin' Brands's revenue was down 2.9% on a year-over-year basis.

Who are Bloomin' Brands' major shareholders?

Top institutional investors of Bloomin' Brands include Wedge Capital Management L L P NC (0.19%), SG Americas Securities LLC (0.07%), Creative Planning (0.02%) and Concourse Financial Group Securities Inc.. Insiders that own company stock include David J Deno, Elizabeth A Smith, Kelly Lefferts, Julie T Kunkel and Gregg Scarlett.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Bloomin' Brands own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Bloomin' Brands investors own include American Water Works (AWK), Voyager Therapeutics (VYGR), Waste Connections (WCN), DiamondRock Hospitality (DRH), Humana (HUM), AUO (AUOTY) and The RMR Group (RMR).

Company Calendar

• Last Earnings: 8/06/2024
• Ex-Dividend for 9/4 Dividend: 8/20/2024
• Dividend Payable: 9/04/2024
• Today: 10/17/2024
• Next Earnings (Estimated): 11/01/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Retail/Wholesale
• Industry: Eating places
• Sub-Industry: Restaurants
• Current Symbol: NASDAQ:BLMN
• CUSIP: 09423510
• CIK: 1546417
• Web: www.bloominbrands.com
• Phone: (813) 282-1225
• Fax: 813-286-2247
• Employees: 87,000
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $22.33
• High Stock Price Target: $30.00
• Low Stock Price Target: $18.00
• Potential Upside/Downside: +32.6%
• Consensus Rating: Hold
• Rating Score (0-4): 2.22
• Research Coverage: 9 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.64
• Trailing P/E Ratio: 64.77
• Forward P/E Ratio: 8.10
• P/E Growth: N/A
• Net Income: $247.39 million
• Net Margins: 0.70%
• Pretax Margin: 1.03%
• Return on Equity: 61.90%
• Return on Assets: 6.40%

Debt

• Debt-to-Equity Ratio: 3.46
• Current Ratio: 0.35
• Quick Ratio: 0.26

Sales & Book Value

• Annual Sales: $4.59 billion
• Price / Sales: 0.32
• Cash Flow: $6.08 per share
• Price / Cash Flow: 2.77
• Book Value: $4.75 per share
• Price / Book: 3.55

Miscellaneous

• Outstanding Shares: 86,476,000
• Free Float: 82,302,000
• Market Cap: $1.46 billion
• Optionable: Optionable
• Beta: 2.04