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 |
---|---|---|---|
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 |
1/25/2023 | $27.00 | Neutral | BofA Securities |
1/17/2023 | Buy → Hold | Gordon Haskett | |
10/21/2022 | $23.00 | Neutral | UBS |
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4 - Bloomin' Brands, Inc. (0001546417) (Issuer)
4 - Bloomin' Brands, Inc. (0001546417) (Issuer)
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-
Q3 Diluted EPS of $0.45, up 32% from Q3 2022 Q3 Adjusted Diluted EPS of $0.44, up 26% from Q3 2022 Updates 2023 Guidance for U.S. Comparable Restaurant Sales and EPS Bloomin' Brands, Inc. (NASDAQ:BLMN) today reported results for the third quarter 2023 ("Q3 2023") compared to the third quarter 2022 ("Q3 2022"). CEO Comments "We saw strong earnings per share growth in the quarter," said David Deno, CEO. "We remain focused on driving traffic and maintaining margins as we navigate the near-term sales environment. We are confident that the investments we made in food, service and technology will elevate the guest experience and lead to sustainable, long-term sales and profit growth." Di
Bloomin' Brands, Inc. (NASDAQ:BLMN) will release results for the fiscal third quarter ended September 24, 2023, on Friday, November 3, 2023, 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-i
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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
Board of Directors Leading Search for Successor 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' Brands through better profitability and a stronger balance sheet, which is especially impressive given nearly half of his CEO tenure was during COVID," said Michael Mohan, Chairma
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-
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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
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
BofA Securities initiated coverage of Bloomin' Brands with a rating of Neutral and set a new price target of $27.00
Gordon Haskett downgraded Bloomin' Brands from Buy to Hold
UBS initiated coverage of Bloomin' Brands with a rating of Neutral and set a new price target of $23.00
In the last three months, 5 analysts have published ratings on Bloomin Brands (NASDAQ:BLMN), offering a diverse range of perspectives from bullish to bearish. The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 1 4 0 0 Last 30D 0 0 1 0 0 1M Ago 0 0 0 0 0 2M Ago 0 0 1 0 0 3M Ago 0 1 2 0 0 Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $25.8, along with a high estimate
Morgan Stanley analyst John Glass maintains Bloomin Brands (NASDAQ:BLMN) with a Equal-Weight and lowers the price target from $26 to $22.
The most oversold stocks in the consumer discretionary sector presents an opportunity to buy into undervalued companies. The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30, according to Benzinga Pro. Here's the latest list of major oversold players in this sector, having an RSI near or below 30. Toyota Motor Corp (NYSE:TM) The U.S. National Highway Traffic Safety Administration said on June 4 that Japanese a
In the preceding three months, 4 analysts have released ratings for Bloomin Brands (NASDAQ:BLMN), presenting a wide array of perspectives from bullish to bearish. The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 1 3 0 0 Last 30D 0 0 1 0 0 1M Ago 0 1 2 0 0 2M Ago 0 0 0 0 0 3M Ago 0 0 0 0 0 In the assessment of 12-month price targets, analysts unveil insights for Bloomin Brands, presenting an average target of $26.75, a high estimate of $30.00, and a low estimate of $24.00. This
JP Morgan analyst John Ivankoe maintains Bloomin Brands (NASDAQ:BLMN) with a Neutral and lowers the price target from $26 to $24.
In the latest quarter, 6 analysts provided ratings for Bloomin Brands (NASDAQ:BLMN), showcasing a mix of bullish and bearish perspectives. Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 2 4 0 0 Last 30D 0 1 2 0 0 1M Ago 0 0 0 0 0 2M Ago 0 0 0 0 0 3M Ago 0 1 2 0 0 Analysts have set 12-month price targets for Bloomin Brands, revealing an average target of $28.83, a high estimate of $32.00, and a low estimate of $26.00. This current average has decreased by 0.59% from the previous average price
Barclays analyst Jeffrey Bernstein maintains Bloomin Brands (NASDAQ:BLMN) with a Overweight and lowers the price target from $32 to $30.
BMO Capital analyst Andrew Strelzik maintains Bloomin Brands (NASDAQ:BLMN) with a Market Perform and lowers the price target from $29 to $27.
UBS analyst Dennis Geiger maintains Bloomin Brands (NASDAQ:BLMN) with a Neutral and lowers the price target from $30 to $26.
Bloomin’ Brands, Inc. (NASDAQ:BLMN) on Tuesday reported first-quarter adjusted earnings per share of 70 cents, missing the analyst consensus of 74 cents. Quarterly sales of $1.195 billion marginally missed the street view of $1.197 billion, decreasing 4% year over year. Quarterly results were affected by a decrease in restaurant-level operating margin, the impacts of the 2023 Closure Initiative, higher depreciation and amortization expense, and the impact of lapping the Brazil value-added tax exemption. Adjusted operating margin contracted to 7.5% from 9.7%. Adjusted restaurant-level operating margin decreased to 16% from 17.9%. According to the company, the year-ago period inclu