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Bloomin' Brands
BLMN

$19.21
0.26%
 

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 6,702 funds
0
Analysts bullish %
of 10 analysts
News positive %

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

Research analyst outlook

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

Low target
$24
25%
upside
Avg. target
$28
48%
upside
High target
$32
67%
upside

10 analyst ratings

positive
40%
neutral
60%
negative
0%
JP Morgan
John Ivankoe
25%upside
$24
Neutral
Maintained
28 May 2024
Barclays
Jeffrey Bernstein
56%upside
$30
Overweight
Maintained
8 May 2024
BMO Capital
Andrew Strelzik
41%upside
$27
Market Perform
Maintained
8 May 2024
UBS
Dennis Geiger
35%upside
$26
Neutral
Maintained
8 May 2024
BMO Capital
Andrew Strelzik
51%upside
$29
Market Perform
Maintained
26 Feb 2024

Financial journalist opinion