Bloomin' Brands downgraded by JP Morgan with a new price target
$BLMN
Restaurants
Consumer Discretionary
JP Morgan downgraded Bloomin' Brands from Overweight to Neutral and set a new price target of $26.00
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| 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 |
SC 13G/A - Bloomin' Brands, Inc. (0001546417) (Subject)
SC 13G/A - Bloomin' Brands, Inc. (0001546417) (Subject)
SC 13G/A - Bloomin' Brands, Inc. (0001546417) (Subject)
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
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
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
4 - Bloomin' Brands, Inc. (0001546417) (Issuer)
4 - Bloomin' Brands, Inc. (0001546417) (Issuer)
4 - Bloomin' Brands, Inc. (0001546417) (Issuer)
4 - Bloomin' Brands, Inc. (0001546417) (Issuer)
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
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,
10-Q - Bloomin' Brands, Inc. (0001546417) (Filer)
8-K - Bloomin' Brands, Inc. (0001546417) (Filer)
8-K - Bloomin' Brands, Inc. (0001546417) (Filer)