Bloomin' Brands (BLMN)

• Market cap: $1.01B
• 1 day: 0.25%
• 5 days: -2.45%
• 1 month: -5.08%
• 3 months: -28.40%
• 6 months: -37.63%
• Year to date: -56.24%
• 1 year: -55.21%
• 5 years: -45.68%
• 10 years: -49.83%
• Sector: Consumer Discretionary
• Industry: Eating Places

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 Q3 regulatory filings by fund managers ($100M+ AUM)

62% more call options, than puts

Call options by funds: $25.1M | Put options by funds: $15.5M

11% more first-time investments, than exits

New positions opened: 50 | Existing positions closed: 45

2% more funds holding

Funds holding: 239 [Q2] → 244 (+5) [Q3]

0.36% more ownership

Funds ownership: 106.06% [Q2] → 106.43% (+0.36%) [Q3]

15% less capital invested

Capital invested by funds: $1.76B [Q2] → $1.5B (-$268M) [Q3]

24% less repeat investments, than reductions

Existing positions increased: 70 | Existing positions reduced: 92

100% less funds holding in top 10

Funds holding in top 10: 1 [Q2] → 0 (-1) [Q3]

Research analyst outlook

5 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $13 9% upside
• Avg. target: $16.20 36% upside
• High target: $19 59% upside

5 analyst ratings

• positive: 1 20%
• neutral: 3 60%
• negative: 1 20%

Goldman Sachs Christine Cho 50% 1-year accuracy 23 / 46 met price target	9% upside $13	Sell Initiated	5 Dec 2024
JP Morgan John Ivankoe 52% 1-year accuracy 16 / 31 met price target	17% upside $14	Neutral Maintained	12 Nov 2024
Barclays Jeffrey Bernstein 45% 1-year accuracy 46 / 102 met price target	59% upside $19	Overweight Maintained	11 Nov 2024
Piper Sandler Brian Mullan 64% 1-year accuracy 7 / 11 met price target	34% upside $16	Neutral Maintained	11 Nov 2024
B of A Securities Justin Post 67% 1-year accuracy 10 / 15 met price target	59% upside $19	Neutral Maintained	22 Oct 2024