Bloomin' BrandsBLMN
BLMN
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
0
Funds holding %
of 6,823 funds
0
Analysts bullish %
of 6 analysts
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
14% more first-time investments, than exits
New positions opened: 50 | Existing positions closed: 44
2% more funds holding
Funds holding: 239 [Q2] → 244 (+5) [Q3]
0.15% more ownership
Funds ownership: 106.63% [Q2] → 106.78% (+0.15%) [Q3]
15% less capital invested
Capital invested by funds: $1.77B [Q2] → $1.5B (-$272M) [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
6 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$13
15%
upside
Avg. target
$14.67
30%
upside
High target
$19
68%
upside
6 analyst ratings
0 positive
0%
5 neutral
83%
1 negative
17%
UBS Dennis Geiger 40% 1-year accuracy 8 / 20 met price target | 15%upside $13 | Neutral Maintained | 7 Jan 2025 |
Barclays Jeffrey Bernstein 45% 1-year accuracy 45 / 100 met price target | 15%upside $13 | Equal-Weight Downgraded | 7 Jan 2025 |
Goldman Sachs Christine Cho 60% 1-year accuracy 28 / 47 met price target | 15%upside $13 | Sell Initiated | 5 Dec 2024 |
JP Morgan John Ivankoe 61% 1-year accuracy 19 / 31 met price target | 24%upside $14 | Neutral Maintained | 12 Nov 2024 |
Piper Sandler Brian Mullan 73% 1-year accuracy 8 / 11 met price target | 42%upside $16 | Neutral Maintained | 11 Nov 2024 |
Financial journalist opinion
Neutral
Business Wire
1 week ago
Pat Hafner Promoted to Executive Vice President, President of Outback Steakhouse
TAMPA, Fla.--(BUSINESS WIRE)--Bloomin' Brands, Inc. (Nasdaq: BLMN) announced the promotion of Pat Hafner to Executive Vice President, President of Outback Steakhouse. He will be responsible for leading operations and development for the company's largest brand. He most recently served as President of Carrabba's Italian Grill. “Pat is an ‘operator's operator' who has held a variety of roles and led special projects at Bloomin' Brands,” said Mike Spanos, Chief Executive Officer of Bloomin' Brands.
Positive
Benzinga
3 weeks ago
Wall Street's Most Accurate Analysts Give Their Take On 3 Consumer Stocks With Over 7% Dividend Yields
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 dividend payout.
Positive
Benzinga
1 month ago
Wall Street's Most Accurate Analysts Spotlight On 3 Consumer Stocks With Over 5% Dividend Yields
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 dividend payout.
Positive
Benzinga
2 months ago
Wall Street's Most Accurate Analysts Spotlight On 3 Consumer Stocks With Over 7% Dividend Yields
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 dividend payout.
Neutral
Seeking Alpha
2 months ago
Bloomin' Brands, Inc. (BLMN) Q3 2024 Earnings Call Transcript
Bloomin' Brands, Inc. (NASDAQ:BLMN ) Q3 2024 Earnings Conference Call November 8, 2024 8:30 AM ET Company Participants Tara Kurian - Vice President of Corporate Finance and Investor Relations Mike Spanos - Chief Executive Officer Michael Healy - Executive Vice President & Chief Financial Officer Conference Call Participants Jeffrey Bernstein - Barclays Alex Slagle - Jefferies John Ivankoe - JPMorgan Brian Harbour - Morgan Stanley Jeffrey Farmer - Gordon Haskett Sara Senatore - Bank of America Dennis Geiger - UBS Brian Mullan - Piper Sandler Jon Tower - Citigroup Brian Vaccaro - Raymond James Andrew Strelzik - BMO Tara Kurian Thank you and good morning, everyone. With me on today's call are Mike Spanos, our Chief Executive Officer; and Michael Healy, Chief Financial Officer and Executive Vice President.
Positive
Zacks Investment Research
2 months ago
Compared to Estimates, Bloomin' Brands (BLMN) Q3 Earnings: A Look at Key Metrics
Although the revenue and EPS for Bloomin' Brands (BLMN) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Positive
Zacks Investment Research
2 months ago
Bloomin' Brands (BLMN) Q3 Earnings Beat Estimates
Bloomin' Brands (BLMN) came out with quarterly earnings of $0.21 per share, beating the Zacks Consensus Estimate of $0.19 per share. This compares to earnings of $0.44 per share a year ago.
Neutral
Business Wire
2 months ago
Bloomin' Brands Announces 2024 Q3 Financial Results
TAMPA, Fla.--(BUSINESS WIRE)--Bloomin' Brands, Inc. (Nasdaq: BLMN) today reported results for the third quarter 2024 (“Q3 2024”) compared to the third quarter 2023 (“Q3 2023”). CEO Comments “In my first 60 days, I have been impressed with the resiliency and capabilities of our team during two hurricanes, as well as the potential that I see in our iconic brands,” said Mike Spanos, CEO. “As I continue listening and learning during this evaluative period, it is clear to me that our path to sustain.
Neutral
Benzinga
2 months ago
Bloomin' Brands Gears Up For Q3 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
Bloomin' Brands, Inc. BLMN will release earnings results for its third quarter, before the opening bell on Friday, Nov. 8.
Neutral
Zacks Investment Research
2 months ago
Ahead of Bloomin' Brands (BLMN) Q3 Earnings: Get Ready With Wall Street Estimates for Key Metrics
Evaluate the expected performance of Bloomin' Brands (BLMN) for the quarter ended September 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
Charts implemented using Lightweight Charts™