Bloomin' Brands
BLMN

$19.93

2.46%

Market Cap: 1.72B

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

Consumer Discretionary Eating Places

0

Funds holding %

of 6,702 funds

0

Analysts bullish %

of 8 analysts

0

News positive %

of 3 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

272% more call options, than puts

Call options by funds: $38.7M | Put options by funds: $10.4M

50% more funds holding in top 10

Funds holding in top 10: 2 [Q4 2023] → 3 (+1) [Q1 2024]

39% more first-time investments, than exits

New positions opened: 46 | Existing positions closed: 33

5% more funds holding

Funds holding: 262 [Q4 2023] → 275 (+13) [Q1 2024]

5% less capital invested

Capital invested by funds: $2.69B [Q4 2023] → $2.57B (-$128M) [Q1 2024]

7.42% less ownership

Funds ownership: 110.27% [Q4 2023] → 102.85% (-7.42%) [Q1 2024]

38% less repeat investments, than reductions

Existing positions increased: 71 | Existing positions reduced: 114

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Research analyst outlook

8 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target

$22

10%

upside

Avg. target

$27

37%

upside

High target

$32

61%

upside

8 analyst ratings

2 positive

25%

6 neutral

75%

0 negative

0%

Morgan Stanley John Glass	10%upside $22	Equal-Weight Maintained	16 Jul 2024
JP Morgan John Ivankoe	20%upside $24	Neutral Maintained	28 May 2024
Barclays Jeffrey Bernstein	51%upside $30	Overweight Maintained	8 May 2024
BMO Capital Andrew Strelzik	35%upside $27	Market Perform Maintained	8 May 2024
UBS Dennis Geiger	30%upside $26	Neutral Maintained	8 May 2024

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Financial journalist opinion

Based on 3 articles about BLMN published over the past 30 days

Bloomin' Brands, Inc. to Host Fiscal 2024 Second Quarter Earnings Conference Call at 8:15 AM EDT on August 6, 2024

TAMPA, Fla.--(BUSINESS WIRE)--Bloomin' Brands, Inc. (Nasdaq: BLMN) will release results for the fiscal second quarter ended June 30, 2024, on Tuesday, August 6, 2024, at approximately 7:00 AM EDT, which will be followed by a conference call to review its financial results at 8:15 AM EDT the same day. The call will be webcast live from the Company's website at http://www.bloominbrands.com under the Investors section. A replay of this webcast will be available on the Company's website after the c.

Bloomin' Brands, Inc. to Host Fiscal 2024 Second Quarter Earnings Conference Call at 8:15 AM EDT on August 6, 2024

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Bloomin' Brands: Recent Pressure On Stock Price Creates An Attractive Investment Opportunity

Massive conversions of convertible debt into equity most likely played a major role in the sharp decline in the stock price over the last 4 months. Should one look at the glass half full, though, a sizeable chunk of the debt maturing in 2025 was shed from the company's balance sheet in the process. The company is in discussions with interested parties regarding the sale of its Brazil business, which, if it materializes, would probably mean a hefty windfall of cash for the company.

Bloomin' Brands: Recent Pressure On Stock Price Creates An Attractive Investment Opportunity

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Bloomin' Brands, Inc. (BLMN) Q1 2024 Earnings Call Transcript

Bloomin' Brands, Inc. (NASDAQ:BLMN ) Q1 2024 Earnings Conference Call May 7, 2024 8:00 AM ET Company Participants Tara Kurian - Vice President of Corporate Finance and Investor Relations David Deno - Chief Executive Officer Michael Healy - Chief Financial Officer and Executive Vice President, Global Business Development Conference Call Participants Jeffrey Bernstein - Barclays Capital LLC Alexander Slagle - Jefferies Group LLC John Ivankoe - JPMorgan Chase & Co. Sharon Zackfia - William Blair & Company, LLC Brian Harbour - Morgan Stanley Sara Senatore - BofA Securities, Inc. Lauren Silberman - Deutsche Bank Brian Mullan - Piper Sandler Companies Dennis Geiger - UBS Group AG Andrew Strelzik - BMO Capital Markets Operator Greetings, and welcome to the Bloomin' Brands Fiscal First Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.

Bloomin' Brands, Inc. (BLMN) Q1 2024 Earnings Call Transcript

Zacks Investment Research

Here's What Key Metrics Tell Us About Bloomin' Brands (BLMN) Q1 Earnings

Although the revenue and EPS for Bloomin' Brands (BLMN) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Here's What Key Metrics Tell Us About Bloomin' Brands (BLMN) Q1 Earnings

Zacks Investment Research

Bloomin' Brands (BLMN) Q1 Earnings and Revenues Lag Estimates

Bloomin' Brands (BLMN) came out with quarterly earnings of $0.70 per share, missing the Zacks Consensus Estimate of $0.75 per share. This compares to earnings of $0.98 per share a year ago.

Bloomin' Brands (BLMN) Q1 Earnings and Revenues Lag Estimates

Bloomin' Brands swings to Q1 loss, is exploring ‘strategic alternatives' for Brazil business

Bloomin' Brands Inc. BLMN, -2.54% swung to a loss in its first-quarter results before market open Tuesday and announced that it is exploring strategic alternatives for its Brazil operations. In a separate announcement, the owner of Outback Steakhouse, Carrabba's Italian Grill and Bonefish Grill announced that Chief Executive Officer David Deno will be retiring after 12 years with the company, including the last five as CEO.

Bloomin' Brands swings to Q1 loss, is exploring ‘strategic alternatives' for Brazil business

Bloomin' Brands CEO David Deno Retiring

TAMPA, Fla.--(BUSINESS WIRE)--Bloomin' Brands, Inc. (NASDAQ: BLMN) announced that David Deno, Chief Executive Officer, will be retiring after 12 years with the company, including the last five years as CEO and a member of the Board of Directors. Deno will continue in his current role until a successor is named and a successful transition period is completed. The company's Board of Directors will conduct a search for Deno's successor. “David has strengthened the financial foundation at Bloomin'.

Bloomin' Brands CEO David Deno Retiring

Bloomin' Brands Announces 2024 Q1 Financial Results

TAMPA, Fla.--(BUSINESS WIRE)--Bloomin' Brands, Inc. (Nasdaq: BLMN) today reported results for the first quarter 2024 (“Q1 2024”) compared to the first quarter 2023 (“Q1 2023”). CEO Comments “The first quarter was a solid start to the year, as sales and profit met our expectations,” said David Deno, CEO. “After a slower start, sales trends strengthened throughout the quarter. Our sales performance is well ahead of the casual dining industry as our marketing and operations initiatives are paying.

Bloomin' Brands Announces 2024 Q1 Financial Results

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