Bloomin' Brands (BLMN) Stock Forecast & Price Target

$12.88 -0.32 (-2.42%)

(As of 01:15 PM ET)

Bloomin' Brands - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold

Based on 10 Analyst Ratings

Sell
0

Hold
9

Buy
1

Based on 10 Wall Street analysts who have issued ratings for Bloomin' Brands in the last 12 months, the stock has a consensus rating of "Hold." Out of the 10 analysts, 9 have given a hold rating, and 1 has given a buy rating for BLMN.

Consensus Price Target

$19.70
52.95% Upside

According to the 10 analysts' twelve-month price targets for Bloomin' Brands, the average price target is $19.70. The highest price target for BLMN is $30.00, while the lowest price target for BLMN is $14.00. The average price target represents a forecasted upside of 52.95% from the current price of $12.88.

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BLMN Analyst Ratings Over Time

Type	Current Forecast 11/19/23 to 11/18/24	1 Month Ago 10/20/23 to 10/19/24	3 Months Ago 8/21/23 to 8/20/24	1 Year Ago 11/19/22 to 11/19/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	1 Buy rating(s)	2 Buy rating(s)	2 Buy rating(s)	3 Buy rating(s)
Hold	9 Hold rating(s)	7 Hold rating(s)	7 Hold rating(s)	9 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$19.70	$22.33	$22.33	$26.90
Forecasted Upside	52.95% Upside	31.06% Upside	27.40% Upside	11.48% Upside
Consensus Rating	Hold	Hold	Hold	Hold

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BLMN Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

BLMN Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Bloomin' Brands Stock vs. The Competition

Type	Bloomin' Brands	Retail/Wholesale Companies	S&P 500
Consensus Rating Score	2.10	2.51	2.50
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	52.36% Upside	28.61% Upside	9.53% Upside
News Sentiment Rating	Neutral News See Recent BLMN News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/12/2024	JPMorgan Chase & Co. 3 of 5 stars		Lower Target	Neutral ➝ Neutral	$19.00 ➝ $14.00	+1.74%
11/11/2024	Piper Sandler 2 of 5 stars		Lower Target	Neutral ➝ Neutral	$20.00 ➝ $16.00	+0.63%
11/11/2024	Barclays 3 of 5 stars		Lower Target	Overweight ➝ Overweight	$20.00 ➝ $19.00	+19.50%
11/11/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating	B. Vaccaro Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ Market Perform
10/22/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$22.00 ➝ $19.00	+18.23%
8/19/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$22.00 ➝ $20.00	+15.81%
Get the Latest News and Ratings for BLMN and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Bloomin' Brands and its competitors with MarketBeat's FREE daily newsletter.
8/7/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold ➝ Hold	$26.00 ➝ $19.00	+10.79%
8/7/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$26.00 ➝ $18.00	+4.96%
8/7/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Market Perform ➝ Market Perform	$27.00 ➝ $20.00	+17.23%
7/16/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$26.00 ➝ $22.00	+20.88%
8/1/2023	William Blair Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Market Perform
2/17/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$27.00 ➝ $31.00	+12.69%
1/17/2023	Gordon Haskett Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 01:40 PM ET.

BLMN Forecast - Frequently Asked Questions

: According to the research reports of 10 Wall Street equities research analysts, the average twelve-month stock price forecast for Bloomin' Brands is $19.70, with a high forecast of $30.00 and a low forecast of $14.00.
: 10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Bloomin' Brands in the last year. There are currently 9 hold ratings and 1 buy rating 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.
: According to analysts, Bloomin' Brands's stock has a predicted upside of 52.95% based on their 12-month stock forecasts.
: Over the previous 90 days, Bloomin' Brands's stock had 1 downgrade by analysts.
: Bloomin' Brands has been rated by research analysts at Bank of America, Barclays, JPMorgan Chase & Co., Piper Sandler, and Raymond James in the past 90 days.
: Analysts like Bloomin' Brands less than other "retail/wholesale" companies. The consensus rating for Bloomin' Brands is Hold while the average consensus rating for "retail/wholesale" companies is Moderate Buy. Learn more on how BLMN compares to other companies.

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This page (NASDAQ:BLMN) was last updated on 11/18/2024 by MarketBeat.com Staff

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Bloomin' Brands (BLMN) Stock Forecast & Price Target