Bloomin' Brands, Inc., through its subsidiaries, owns and operates casual, upscale casual, and fine dining restaurants in the United States and internationally. The company operates through two segments, U.S. and International. Its restaurant portfolio has four concepts, including Outback Steakhouse, a casual steakhouse restaurant; Carrabba's Italian Grill, a casual Italian restaurant; Bonefish Grill, a casual seafood restaurant; and Fleming's Prime Steakhouse & Wine Bar, a contemporary steakhouse. As of December 27, 2020, the company owned and operated 1,015 restaurants and franchised 166 restaurants across 47 states; and owned and operated 142 restaurants and franchised 151 restaurants across 20 countries and Guam. Bloomin' Brands, Inc. was incorporated in 2006 and is based in Tampa, Florida.
IPO Year: 2012
Exchange: NASDAQ
Website: bloominbrands.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/27/2025 | $13.00 | Neutral → Underperform | BofA Securities |
| 1/7/2025 | $19.00 → $13.00 | Overweight → Equal Weight | Barclays |
| 12/5/2024 | $13.00 | Sell | Goldman |
| 11/11/2024 | Outperform → Mkt Perform | Raymond James | |
| 1/23/2024 | $26.00 | Overweight → Neutral | JP Morgan |
| 11/6/2023 | $29.00 → $28.00 | Strong Buy → Outperform | Raymond James |
| 10/19/2023 | $25.00 | Hold | Deutsche Bank |
| 8/2/2023 | Outperform → Mkt Perform | William Blair | |
| 7/18/2023 | $28.00 | Neutral | Piper Sandler |
| 1/25/2023 | $29.00 → $26.00 | Outperform → Market Perform | BMO Capital Markets |
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BofA Securities downgraded Bloomin' Brands from Neutral to Underperform and set a new price target of $13.00
Barclays downgraded Bloomin' Brands from Overweight to Equal Weight and set a new price target of $13.00 from $19.00 previously
Goldman initiated coverage of Bloomin' Brands with a rating of Sell and set a new price target of $13.00
Raymond James downgraded Bloomin' Brands from Outperform to Mkt Perform
JP Morgan downgraded Bloomin' Brands from Overweight to Neutral and set a new price target of $26.00
Raymond James downgraded Bloomin' Brands from Strong Buy to Outperform and set a new price target of $28.00 from $29.00 previously
Deutsche Bank initiated coverage of Bloomin' Brands with a rating of Hold and set a new price target of $25.00
William Blair downgraded Bloomin' Brands from Outperform to Mkt Perform
Piper Sandler initiated coverage of Bloomin' Brands with a rating of Neutral and set a new price target of $28.00
BMO Capital Markets downgraded Bloomin' Brands from Outperform to Market Perform and set a new price target of $26.00 from $29.00 previously
As Part of Planned Transition, Co-Founder Scott Svenson Becomes Executive Chairperson MOD Super-Fast Pizza Holdings, LLC ("MOD Pizza", "MOD" or the "Company"), the purpose-led, people-first, fast casual pizza pioneer, today announced Beth Scott has joined the Company as Chief Executive Officer and a member of the Board. Scott Svenson, who co-founded MOD in 2008 with his wife Ally and has led the business for the past 15 years, will assume the role of Executive Chairperson. In his new role, Scott Svenson will remain fully committed to MOD with a focus on supporting Beth Scott and the leadership team, while also leading the Board. This press release features multimedia. View the full relea
Company and Starboard Enter into Cooperation Agreement Bloomin' Brands, Inc. (NASDAQ:BLMN) today announced the appointment of Dave George, former Chief Operating Officer of Darden Restaurants, and Jon Sagal, Partner at Starboard Value LP (together with certain of its affiliates, "Starboard"), to the Company's Board of Directors, effective immediately. These appointments have been made in connection with a cooperation agreement entered into between the Company and Starboard, which owns approximately 9.7% of the Company's outstanding common stock, and reflect the Company's ongoing commitment to constructive shareholder engagement. R. Michael Mohan, Chairman of the Board of Bloomin' Brands
Bloomin' Brands, Inc. (NASDAQ:BLMN) today announced the appointment of Suzann Trevisan to Senior Vice President, Chief Human Resources Officer for Bloomin' Brands. Trevisan will lead the company's Human Resources function and join the Executive Leadership Team. "Suzann's depth is grounded in talent management, total rewards and diversity, the foundation of every great human resource practice," said David Deno, Chief Executive Officer of Bloomin' Brands. "I look forward to working with her to build upon our existing strong culture of excellence and to support our long-term growth plan." Trevisan most recently served as the Vice President of Human Resources, Composites at Owens Corning wher
Bloomin' Brands, Inc. (NASDAQ:BLMN) today announced the appointment of Astrid Isaacs to Chief Technology Officer for Bloomin' Brands. She will lead the company's technology strategy and platforms, while overseeing the IT, Digital and Loyalty teams. Isaacs will also join the Executive Leadership Team. "Astrid's proven ability to develop and implement technology to enable growth and enhance customer service, while improving productivity, will create a great deal of value for our customers and our company," said David Deno, Chief Executive Officer of Bloomin' Brands. "Digital connections, whether with our customers, our operators or our restaurant systems, have become a lifeline in our brands
TAMPA, Fla.--(BUSINESS WIRE)--Bloomin’ Brands, Inc. (Nasdaq:BLMN) today announced the appointment of Lori Malcolm as Senior Vice President of Human Resources for Bloomin’ Brands. In this role, Malcolm will be responsible for overseeing talent management, leadership development and HR operations for the company’s Casual Dining Portfolio which includes Outback Steakhouse, Carrabba’s Italian Grill and Bonefish Grill. “Lori has a proven track record of building strong cultures of high performance,” said David Deno, Chief Executive Officer of Bloomin' Brands. “Her ability to build a transformational culture on our existing strong foundation will help strengthen our company in this rap
Q4 Diluted EPS of $(0.93) and Q4 Adjusted Diluted EPS of $0.38 Provides Full Year 2025 Financial Outlook Bloomin' Brands, Inc. (NASDAQ:BLMN) today reported results for the fourth quarter 2024 ("Q4 2024") and fiscal year ended December 29, 2024 ("Fiscal Year 2024") compared to the fourth quarter 2023 ("Q4 2023") and the fiscal year ended December 31, 2023 ("Fiscal Year 2023"). In 2023, the fourth quarter and fiscal year included an additional operating week ("53rd week") compared to Fiscal Year 2024. CEO Comments "In my first six months, I have become even more confident that we have iconic brands with a strong right to succeed in on-trend, large scale categories," said Mike Spanos, CE
Kelia Bazile has been promoted to President of Carrabba's Italian Grill where she will be responsible for leading the operations and development for more than 190 Carrabba's locations. Carrabba's offers authentic Italian cuisine passed down from the restaurant's founders' family recipes. It's one of four brands in the Bloomin' Brands (NASDAQ:BLMN) portfolio. "Kelia has a proven track record of creating and maintaining high executional standards that drive sales and a warm guest experience," said Mike Spanos, CEO of Bloomin' Brands, Inc. "She builds strong teams with a hospitality-first mindset and is a true servant leader." Bazile joined Bloomin' Brands in 2012 as a Joint Venture Partne
Bloomin' Brands, Inc. (NASDAQ:BLMN) today announced that James (Jim) Dinkins joined the company's Board of Directors effective February 12, 2025. With his appointment, the Board increases its size from ten to 11 members. Dinkins will stand for re-election at the 2025 annual stockholders meeting; he will also serve on the Board's Audit Committee. Dinkins currently serves as the Chief Executive Officer of The Honey Baked Ham Company LLC. He also held leadership roles with increasing responsibility at The Coca-Cola Company, including Group President, Coca-Cola North America, and Senior Vice-President of The Coca-Cola Company. He has an extensive general management background, having driven b
Bloomin' Brands, Inc. (NASDAQ:BLMN) will release results for the fiscal fourth quarter ended December 29, 2024, on Wednesday, February 26, 2025, at approximately 7:00 AM EST, which will be followed by a conference call to review its financial results at 8:30 AM EST 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 call. About Bloomin' Brands, Inc. Bloomin' Brands, Inc. is one of the largest casual dining restaurant companies in the world with a portfolio of leading, differentiated restaurant concepts. The Company has four found
The 29-Year Company Veteran Began as a Server & Cook for Outback 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. "He is a guest-centric leader who builds high-capability teams that deliver outstanding business results." Hafner's restaurant career began with Outback Steak
Q3 Diluted EPS of $0.08 and Q3 Adjusted Diluted EPS of $0.21 Updates Full Year 2024 Guidance Announces Strategic Re-Franchise of Brazil Operations 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 sustainable sales and profit growth will be enabled by our team members executing a con
Bloomin' Brands, Inc. (NASDAQ:BLMN) will release results for the fiscal third quarter ended September 29, 2024, on Friday, November 8, 2024, at approximately 7:00 AM EST, which will be followed by a conference call to review its financial results at 8:30 AM EST 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 call. About Bloomin' Brands, Inc. Bloomin' Brands, Inc. is one of the largest casual dining restaurant companies in the world with a portfolio of leading, differentiated restaurant concepts. The Company has four founder-insp
Mike Spanos will join Bloomin' Brands on September 3, 2024. Former CEO David Deno will serve in transitional role until December 31, 2024. Spanos will also serve on the Board of Directors. Bloomin' Brands, Inc. (NASDAQ:BLMN) today announced that Michael L. "Mike" Spanos has been appointed Chief Executive Officer of the company. Spanos will begin his new role in Tampa on September 3, 2024. Former CEO David Deno announced on May 7, 2024, his planned retirement as CEO and from the Board of Directors. Spanos joins the company from Delta Air Lines where he served as Executive Vice President and Chief Operating Officer. In that role he led the global operations/customer experience team of 90,
Q2 Diluted EPS of $0.32 and Q2 Adjusted Diluted EPS of $0.51 Updates Full Year 2024 Guidance Bloomin' Brands, Inc. (NASDAQ:BLMN) today reported results for the second quarter 2024 ("Q2 2024") compared to the second quarter 2023 ("Q2 2023"). CEO Comments "In the second quarter, the casual dining industry was softer than anticipated," said David Deno, CEO. "While our comparable sales growth outpaced the industry in Q2, we did not meet our expectations. We are very focused on developing a path to sustainable growth at Outback and are making progress in improving the guest experience, providing meaningful value, and enhancing customer and digital capabilities. Our full year guidance has b
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 call. About Bloomin' Brands, Inc. Bloomin' Brands, Inc. is one of the largest casual dining restaurant companies in the world with a portfolio of leading, differentiated restaurant concepts. The Company has four founder-inspir
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Q4 Diluted EPS of $(0.93) and Q4 Adjusted Diluted EPS of $0.38 Provides Full Year 2025 Financial Outlook Bloomin' Brands, Inc. (NASDAQ:BLMN) today reported results for the fourth quarter 2024 ("Q4 2024") and fiscal year ended December 29, 2024 ("Fiscal Year 2024") compared to the fourth quarter 2023 ("Q4 2023") and the fiscal year ended December 31, 2023 ("Fiscal Year 2023"). In 2023, the fourth quarter and fiscal year included an additional operating week ("53rd week") compared to Fiscal Year 2024. CEO Comments "In my first six months, I have become even more confident that we have iconic brands with a strong right to succeed in on-trend, large scale categories," said Mike Spanos, CE
Bloomin' Brands, Inc. (NASDAQ:BLMN) will release results for the fiscal fourth quarter ended December 29, 2024, on Wednesday, February 26, 2025, at approximately 7:00 AM EST, which will be followed by a conference call to review its financial results at 8:30 AM EST 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 call. About Bloomin' Brands, Inc. Bloomin' Brands, Inc. is one of the largest casual dining restaurant companies in the world with a portfolio of leading, differentiated restaurant concepts. The Company has four found
Q3 Diluted EPS of $0.08 and Q3 Adjusted Diluted EPS of $0.21 Updates Full Year 2024 Guidance Announces Strategic Re-Franchise of Brazil Operations 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 sustainable sales and profit growth will be enabled by our team members executing a con
Bloomin' Brands, Inc. (NASDAQ:BLMN) will release results for the fiscal third quarter ended September 29, 2024, on Friday, November 8, 2024, at approximately 7:00 AM EST, which will be followed by a conference call to review its financial results at 8:30 AM EST 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 call. About Bloomin' Brands, Inc. Bloomin' Brands, Inc. is one of the largest casual dining restaurant companies in the world with a portfolio of leading, differentiated restaurant concepts. The Company has four founder-insp
Q2 Diluted EPS of $0.32 and Q2 Adjusted Diluted EPS of $0.51 Updates Full Year 2024 Guidance Bloomin' Brands, Inc. (NASDAQ:BLMN) today reported results for the second quarter 2024 ("Q2 2024") compared to the second quarter 2023 ("Q2 2023"). CEO Comments "In the second quarter, the casual dining industry was softer than anticipated," said David Deno, CEO. "While our comparable sales growth outpaced the industry in Q2, we did not meet our expectations. We are very focused on developing a path to sustainable growth at Outback and are making progress in improving the guest experience, providing meaningful value, and enhancing customer and digital capabilities. Our full year guidance has b
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 call. About Bloomin' Brands, Inc. Bloomin' Brands, Inc. is one of the largest casual dining restaurant companies in the world with a portfolio of leading, differentiated restaurant concepts. The Company has four founder-inspir
Q1 Diluted EPS of $(0.96) and Q1 Adjusted Diluted EPS of $0.70 Retired $83.6M of Convertible Notes 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 off, especially at Outback." Diluted EPS and Adjusted Diluted EPS The following table reconciles Diluted (loss) earnings per
Bloomin' Brands, Inc. (NASDAQ:BLMN) will release results for the fiscal first quarter ended March 31, 2024, on Tuesday, May 7, 2024, at approximately 6:45 AM EDT, which will be followed by a conference call to review its financial results at 8:00 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 call. About Bloomin' Brands, Inc. Bloomin' Brands, Inc. is one of the largest casual dining restaurant companies in the world with a portfolio of leading, differentiated restaurant concepts. The Company has four founder-inspired
Q4 Diluted EPS of $0.45 and Q4 Adjusted Diluted EPS of $0.75 Announces $350 Million Share Repurchase Authorization Provides Full Year 2024 Financial Outlook Bloomin' Brands, Inc. (NASDAQ:BLMN) today reported results for the fourth quarter 2023 ("Q4 2023") and fiscal year ended December 31, 2023 ("Fiscal Year 2023") compared to the fourth quarter 2022 ("Q4 2022") and the fiscal year ended December 25, 2022 ("Fiscal Year 2022"). In 2023, the fourth quarter and fiscal year included an additional operating week ("53rd week") compared to Fiscal Year 2022. CEO Comments "The fourth quarter was a good finish to 2023, especially the holiday season," said David Deno, CEO. "As we head into 202
Bloomin' Brands, Inc. (NASDAQ:BLMN) will release results for the fiscal fourth quarter ended December 31, 2023, on Friday, February 23, 2024, at approximately 6:45 AM EST, which will be followed by a conference call to review its financial results at 8:00 AM EST 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 call. About Bloomin' Brands, Inc. Bloomin' Brands, Inc. is one of the largest casual dining restaurant companies in the world with a portfolio of leading, differentiated restaurant concepts. The Company has four founder-