Bloomin' BrandsBLMN
Market Cap: $1.43B
About: Bloomin Brands Inc operates as a casual dining restaurant company. The company's brand includes Outback Steakhouse, Carrabba's Italian Grill, Bonefish Grill, and Fleming's Prime Steakhouse and Wine Bar. The company owns and operates its restaurants, and the remainder is franchised. It derives revenue mainly from the United States, but the company has a presence in Brazil and South Korea with company-owned Outbacks and Carrabbas. In addition, it also has exposure to several countries, predominantly in Asia, principally through franchising. The Company aggregates its operating segments into two reportable segments, U.S. and international. The U.S. segment includes all restaurants operating in the U.S. while restaurants operating outside the U.S. are included in the international segment.
Employees: 87,000
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
274% more call options, than puts
Call options by funds: $30.2M | Put options by funds: $8.07M
2% less repeat investments, than reductions
Existing positions increased: 88 | Existing positions reduced: 90
4.29% less ownership
Funds ownership: 105.05% [Q1] → 100.76% (-4.29%) [Q2]
15% less funds holding
Funds holding: 279 [Q1] → 236 (-43) [Q2]
36% less capital invested
Capital invested by funds: $2.62B [Q1] → $1.67B (-$947M) [Q2]
58% less first-time investments, than exits
New positions opened: 31 | Existing positions closed: 74
67% less funds holding in top 10
Funds holding in top 10: 3 [Q1] → 1 (-2) [Q2]
Research analyst outlook
6 Wall Street Analysts provided 1 year price targets over the past 3 months
6 analyst ratings
Citigroup Jon Tower 66% 1-year accuracy 19 / 29 met price target | 19%upside $20 | Neutral Maintained | 19 Aug 2024 |
Deutsche Bank Lauren Silberman 67% 1-year accuracy 12 / 18 met price target | 13%upside $19 | Hold Maintained | 7 Aug 2024 |
Barclays Jeffrey Bernstein 51% 1-year accuracy 29 / 57 met price target | 31%upside $22 | Overweight Maintained | 7 Aug 2024 |
UBS Dennis Geiger 45% 1-year accuracy 5 / 11 met price target | 7%upside $18 | Neutral Maintained | 7 Aug 2024 |
BMO Capital Andrew Strelzik 52% 1-year accuracy 16 / 31 met price target | 19%upside $20 | Market Perform Maintained | 7 Aug 2024 |
Financial journalist opinion
Based on 4 articles about BLMN published over the past 30 days