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Bloomin Brands (NASDAQ:BLMN) Stock, Chaîne d'Options

Bloomin Brands

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.

Bloomin Brands Inc

Bloomin&#8217; Brands, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLMN#NASDAQ">BLMN</a>) shares are <a target="_blank" href="https://www.benzinga.com/premarket" rel="noreferrer noopener">trading lower on Friday.</a>
The company reported third-quarter adjusted earnings per share of 21 cents, <a target="_blank" href="https://www.benzinga.com/pressreleases/24/11/b41840141/bloomin-brands-announces-2024-q3-financial-results" rel="noreferrer noopener">beating the street view of 20 cents</a>. Quarterly revenues of $1.038 billion (down 3.8%) missed the analyst consensus of $1.042 billion.
The decrease in total revenues was primarily due to lower comparable restaurant sales, the impact of foreign currency translation of the Brazilian Real relative to the U.S. dollar, and the net effect of restaurant closures and openings.
The adjusted restaurant-level operating margin decreased to 12.5% from 14% due to lower restaurant sales and higher labor, operating, and commodity costs, primarily due to inflation.
Adjusted operating income margin in the quarter under review decreased to 3% from 5.3% in the year-ago period due to&nbsp;closure costs in from the closure of nine restaurants in Hong Kong.
The company exited the quarter with cash and equivalents worth $83.632 million.
Also Read: <a target="_blank" href="https://www.benzinga.com/economics/macro-economic-events/24/11/41843182/fed-cuts-rates-but-inflation-remains-elephant-in-the-room" rel="noreferrer noopener">Fed Cuts Interest Rates, But Inflation Remains Elephant In The Room</a>
&#8220;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 consistent and elevated guest experience, focusing first on Outback Steakhouse,&#8221;&nbsp;said Mike Spanos, CEO.
Strategic Sale Of 67% of Brazil Operations: On November 6, the company entered into a purchase agreement with Vinci Partners to divest 67% of its Brazil operations for R$1.4 billion (approximately $243 million).
This transaction values the business at R$2.06 billion, reflecting a multiple of 6.5x trailing twelve months EBITDA, net of royalties.
As part of this strategic re-franchising, the firm will continue to receive an ongoing royalty stream. The purchase price will be paid in two installments: 52% upon closing and the remaining 48% one year later.
Additionally, Bloomin&#8217; Brands retained the option to sell the remaining stake in 2028.
Outlook: Bloomin&#8217; Brands has lowered its FY24 outlook, now expecting adjusted EPS to be between $1.72 and $1.82, compared to the previous estimate of $2.10 to $2.30. The street view pegs at $2.08.
Bloomin&#8217; Brands expects fourth-quarter adjusted EPS to range from $0.32 to $0.42, below the $0.67 analyst consensus, and projects U.S. comparable restaurant <a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">sales to decline by 2% to 1%.</a>
Price Action: BLMN shares are trading lower by 10.6% to $15.00 premarket at last check Friday.
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Earnings

Equities

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Guidance

Markets

Movers

General

BLMN

Outback Steakhouse Parent Bloomin' Brands Faces Heat: Misses Sales Mark, 2024 Outlook Cut & More

WIIM

Bloomin' Brands shares are trading lower after the company lowered its FY24 adjusted EPS outlook.

Bloomin' Brands Sees Q4 Adjusted EPS Of $0.32-$0.42 Vs. $0.67 Estimate, Projects U.S. Comparable Restaurant Sales To Fall In The Range Of (2)%-(1)%

Bloomin' Brands Lowers FY24 Outlook: Sees Adjusted EPS Of $1.72 to $1.82 Vs. $2.08 Estimate (Prior View: $2.10-$2.30)

This reflects a total enterprise value of R$2.06 billion Brazilian Reais or 6.5x trailing twelve months EBITDA, net of royalties. This strategic re-franchise includes an on-going royalty stream. The purchase price will be paid in two installments: 52% on the closing date and 48% on the first anniversary of the closing date. We have an option to sell our remaining stake in 2028.

Bloomin' Brands Announces Strategic Re-franchise Of Brazil Operations: Inks Pact With Vinci Partners To Sell 67% Of Brazil Operations For R$1.4B Brazilian Reais (Approximately $243M)

Bloomin Brands (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLMN#NASDAQ">BLMN</a>) reported quarterly earnings of $0.21 per share which beat the analyst consensus estimate of $0.20 by 5 percent. The company reported quarterly sales of $1.038 billion which missed the analyst consensus estimate of $1.042 billion by 100.00 percent. This is a 100.00 percent decrease over sales of $1.080 billion the same period last year.

Earnings Beats

Earnings Misses

Bloomin Brands Q3 2024 Adj. EPS $0.21 Beats $0.20 Estimate, Sales $1.038B Miss $1.042B Estimate

Bloomin&#8217; Brands, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLMN#NASDAQ">BLMN</a>) will release earnings results for its third quarter, before the <a href="https://www.benzinga.com/quote/BLMN/earnings">opening bell on Friday, Nov. 8.</a>
Analysts expect the Tampa, Florida-based company to report quarterly earnings at 20 cents per share, down from 44 cents per share in the year-ago period. Bloomin&#8217; Brands projects to report revenue of $1.04 billion for the quarter, compared to $1.08 billion a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On Aug. 26, Bloomin&#8217; Brands named Michael L. Spanos as Chief Executive Officer.
Bloomin&#8217; Brands shares fell 1.2% to close at $16.78 on Thursday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/BLMN/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul>
<li>B of A Securities analyst Justin Post maintained a Neutral rating and cut the price target from $22 to $19 on Oct. 22. This analyst has an accuracy rate of 85%.</li>
<li>Barclays analyst Jeffrey Bernstein maintained an Overweight rating and slashed the price target from $22 to $20 on Oct. 22. This analyst has an accuracy rate of 64%.</li>
<li>Citigroup analyst Jon Tower maintained a Neutral rating and cut the price target from $22 to $20 on Aug. 19. This analyst has an accuracy rate of 74%.</li>
<li>Deutsche Bank analyst Lauren Silberman maintained a Hold rating and slashed the price target from $26 to $19 on Aug. 7. This analyst has an accuracy rate of 76%.</li>
<li>UBS analyst Dennis Geiger maintained a Neutral rating and cut the price target from $26 to $18 on Aug. 7. This analyst has an accuracy rate of 68%.</li>
</ul>
Considering buying BLMN stock? Here&#8217;s what analysts think:
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Price Target

Pre-Market Outlook

Analyst Ratings

Trading Ideas

Bloomin' Brands Gears Up For Q3 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

Bloomin Brands (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLMN#NASDAQ">BLMN</a>) will release its quarterly earnings report on Friday, 2024-11-08. Here's a brief overview for investors ahead of the announcement.
Analysts anticipate Bloomin Brands to report an earnings per share (EPS) of $0.21.
The announcement from Bloomin Brands is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the next quarter.
It's worth noting for new investors that guidance can be a key determinant of stock price movements.
<h3>Historical Earnings Performance</h3>
The company's EPS missed by $0.07 in the last quarter, leading to a 0.15% drop in the share price on the following day.
Here's a look at Bloomin Brands's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.58</td>
<td>0.74</td>
<td>0.69</td>
<td>0.42</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.51</td>
<td>0.70</td>
<td>0.75</td>
<td>0.44</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-0.0%</td>
<td>-0.0%</td>
<td>3.0%</td>
<td>0.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1730991706_0.png" alt="eps graph" />
<h3>Performance of Bloomin Brands Shares</h3>
Shares of Bloomin Brands were trading at $16.99 as of November 06. Over the last 52-week period, shares are down 25.44%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release. 
<h3>Analyst Observations about Bloomin Brands</h3>
For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding Bloomin Brands.
Bloomin Brands has received a total of 3 ratings from analysts, with the consensus rating as Neutral. With an average one-year price target of $19.67, the consensus suggests a potential 15.77% upside.
<h3>Comparing Ratings with Peers</h3>
This comparison focuses on the analyst ratings and average 1-year price targets of Kura Sushi USA, Cracker Barrel Old and First Watch Restaurant Gr, three major players in the industry, shedding light on their relative performance expectations and market positioning.
<ul>
<li>Analysts currently favor an Neutral trajectory for Kura Sushi USA, with an average 1-year price target of $82.33, suggesting a potential 384.58% upside.</li>
<li>Analysts currently favor an Neutral trajectory for Cracker Barrel Old, with an average 1-year price target of $43.25, suggesting a potential 154.56% upside.</li>
<li>First Watch Restaurant Gr is maintaining an Buy status according to analysts, with an average 1-year price target of $20.33, indicating a potential 19.66% upside.</li>
</ul>
<h3>Analysis Summary for Peers</h3>
Within the peer analysis summary, vital metrics for Kura Sushi USA, Cracker Barrel Old and First Watch Restaurant Gr are presented, shedding light on their respective standings within the industry and offering valuable insights into their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>Bloomin Brands</td>
<td>Neutral</td>
<td>-2.93%</td>
<td>$173.07M</td>
<td>9.64%</td>
</tr>
<tr>
<td>Kura Sushi USA</td>
<td>Neutral</td>
<td>28.12%</td>
<td>$7.79M</td>
<td>-0.34%</td>
</tr>
<tr>
<td>Cracker Barrel Old</td>
<td>Neutral</td>
<td>6.89%</td>
<td>$287.12M</td>
<td>4.19%</td>
</tr>
<tr>
<td>First Watch Restaurant Gr</td>
<td>Buy</td>
<td>19.54%</td>
<td>$59.05M</td>
<td>1.53%</td>
</tr>
</tbody>
</table>

Key Takeaway:
Bloomin Brands ranks in the middle for revenue growth among its peers. It is at the bottom for gross profit and return on equity.
<h3>All You Need to Know About Bloomin Brands</h3>
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.
<h3>Financial Insights: Bloomin Brands</h3>
Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.
Revenue Growth: Bloomin Brands's revenue growth over a period of 3 months has faced challenges. As of 30 June, 2024, the company experienced a revenue decline of approximately -2.93%. This indicates a decrease in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Consumer Discretionary sector.
Net Margin: Bloomin Brands's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of 2.54%, the company may face hurdles in effective cost management.
Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of 9.64%, the company may need to address challenges in generating satisfactory returns for shareholders.
Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of 0.84%, the company may need to address challenges in generating satisfactory returns from its assets.
Debt Management: With a below-average debt-to-equity ratio of 8.04, Bloomin Brands adopts a prudent financial strategy, indicating a balanced approach to debt management.
<a href="https://www.benzinga.com/quote/BLMN/earnings">To track all earnings releases for Bloomin Brands visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Bloomin Brands's Earnings Outlook

BJRI

CAKE

CAVA

CBRL

PLAY

SHAK

TXRH

YUMC

Shares of restaurant companies are trading higher. Investors may be reacting to the US presidential election and its impact on consumer spending.

In the preceding three months, 7 analysts have released ratings for Bloomin Brands (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLMN#NASDAQ">BLMN</a>), presenting a wide array of perspectives from bullish to bearish.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">0</td>
<td align="right">2</td>
<td align="right">5</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">4</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Analysts have recently evaluated Bloomin Brands and provided 12-month price targets. The average target is $19.71, accompanied by a high estimate of $22.00 and a low estimate of $18.00. A 21.16% drop is evident in the current average compared to the previous average price target of $25.00. 
<img src="https://www.benzinga.com/files/images/story/2024/1729630836_0.png" alt="price target chart" />
<h2>Investigating Analyst Ratings: An Elaborate Study</h2>
The perception of Bloomin Brands by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Justin Post</td>
<td>B of A Securities</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$19.00</td>
<td>$22.00</td>
</tr>
<tr>
<td>Jeffrey Bernstein</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$20.00</td>
<td>$22.00</td>
</tr>
<tr>
<td>Jon Tower</td>
<td>Citigroup</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$20.00</td>
<td>$22.00</td>
</tr>
<tr>
<td>Lauren Silberman</td>
<td>Deutsche Bank</td>
<td>Lowers</td>
<td>Hold</td>
<td>$19.00</td>
<td>$26.00</td>
</tr>
<tr>
<td>Jeffrey Bernstein</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$22.00</td>
<td>$30.00</td>
</tr>
<tr>
<td>Dennis Geiger</td>
<td>UBS</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$18.00</td>
<td>$26.00</td>
</tr>
<tr>
<td>Andrew Strelzik</td>
<td>BMO Capital</td>
<td>Lowers</td>
<td>Market Perform</td>
<td>$20.00</td>
<td>$27.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Bloomin Brands. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Bloomin Brands compared to the broader market.</li>
<li>Price Targets: Understanding forecasts, analysts offer estimates for Bloomin Brands's future value. Examining the current and prior targets provides insight into analysts' changing expectations.</li>
</ul>
To gain a panoramic view of Bloomin Brands's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/BLMN/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Bloomin Brands analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>Unveiling the Story Behind Bloomin Brands</h2>
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.
<h3>Bloomin Brands: Delving into Financials</h3>
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
Negative Revenue Trend: Examining Bloomin Brands's financials over 3 months reveals challenges. As of 30 June, 2024, the company experienced a decline of approximately -2.93% in revenue growth, reflecting a decrease in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Consumer Discretionary sector.
Net Margin: Bloomin Brands's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of 2.54%, the company may encounter challenges in effective cost control.
Return on Equity (ROE): Bloomin Brands's ROE stands out, surpassing industry averages. With an impressive ROE of 9.64%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): Bloomin Brands's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of 0.84%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: With a high debt-to-equity ratio of 8.04, Bloomin Brands faces challenges in effectively managing its debt levels, indicating potential financial strain.
<h2>How Are Analyst Ratings Determined?</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Evaluating Bloomin Brands: Insights From 7 Financial Analysts

B of A Securities analyst Justin Post maintains Bloomin Brands (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLMN#NASDAQ">BLMN</a>) with a Neutral and lowers the price target from $22 to $19.

B of A Securities Maintains Neutral on Bloomin Brands, Lowers Price Target to $19

Analysts' ratings for Bloomin Brands (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLMN#NASDAQ">BLMN</a>) over the last quarter vary from bullish to bearish, as provided by 6 analysts.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $19.83, with a high estimate of $22.00 and a low estimate of $18.00. Observing a downward trend, the current average is 22.24% lower than the prior average price target of $25.50. 
<img src="https://www.benzinga.com/files/images/story/2024/1729616450_0.png" alt="price target chart" />
<h2>Interpreting Analyst Ratings: A Closer Look</h2>
The standing of Bloomin Brands among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Jeffrey Bernstein</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$20.00</td>
<td>$22.00</td>
</tr>
<tr>
<td>Jon Tower</td>
<td>Citigroup</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$20.00</td>
<td>$22.00</td>
</tr>
<tr>
<td>Lauren Silberman</td>
<td>Deutsche Bank</td>
<td>Lowers</td>
<td>Hold</td>
<td>$19.00</td>
<td>$26.00</td>
</tr>
<tr>
<td>Jeffrey Bernstein</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$22.00</td>
<td>$30.00</td>
</tr>
<tr>
<td>Dennis Geiger</td>
<td>UBS</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$18.00</td>
<td>$26.00</td>
</tr>
<tr>
<td>Andrew Strelzik</td>
<td>BMO Capital</td>
<td>Lowers</td>
<td>Market Perform</td>
<td>$20.00</td>
<td>$27.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Bloomin Brands. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Bloomin Brands compared to the broader market.</li>
<li>Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Bloomin Brands's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Bloomin Brands's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/BLMN/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Bloomin Brands analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>Discovering Bloomin Brands: A Closer Look</h2>
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.
<h3>Bloomin Brands's Financial Performance</h3>
Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.
Revenue Challenges: Bloomin Brands's revenue growth over 3 months faced difficulties. As of 30 June, 2024, the company experienced a decline of approximately -2.93%. This indicates a decrease in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Consumer Discretionary sector.
Net Margin: Bloomin Brands's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of 2.54%, the company may face hurdles in effective cost management.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 9.64%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Bloomin Brands's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of 0.84%, the company may face hurdles in achieving optimal financial performance.
Debt Management: Bloomin Brands's debt-to-equity ratio stands notably higher than the industry average, reaching 8.04. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
<h2>Analyst Ratings: Simplified</h2>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Bloomin Brands Stock: A Deep Dive Into Analyst Perspectives (6 Ratings)

Barclays analyst Jeffrey Bernstein maintains Bloomin Brands (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLMN#NASDAQ">BLMN</a>) with a Overweight and lowers the price target from $22 to $20.

Barclays Maintains Overweight on Bloomin Brands, Lowers Price Target to $20

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a<a href="https://www.benzinga.com/yield-investments"> high dividend payout</a>.
Benzinga readers can review the latest analyst takes on their favorite stocks by visiting <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings</a> page. Traders can sort through Benzinga's extensive database of analyst ratings, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">by analyst accuracy</a>.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the consumer discretionary sector.
<h3 class="wp-block-heading">Kohl&#8217;s Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KSS#NYSE">KSS</a>)</h3>
<ul>
<li>Dividend Yield: 10.14%</li>
<li>JP Morgan analyst Matthew Boss downgraded the stock from Neutral to Underweight with a price target of $19 on Aug. 29. This analyst has an accuracy rate of 67%.</li>
<li>Evercore ISI Group analyst Michael Binetti maintained an In-Line rating and decreased the price target from $22 to $20 on Aug. 29. This analyst has an accuracy rate of 62%.</li>
<li>Recent News: On Aug. 28, Kohl&#8217;s posted better-than-expected second-quarter financial results.</li>
<li>Benzinga Pro's real-time newsfeed alerted <a href="https://pro.benzinga.com/dashboard">to latest KSS news</a></li>
</ul>
<h3 class="wp-block-heading">Whirlpool Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WHR#NYSE">WHR</a>)</h3>
Dividend Yield: 7.10%
<ul>
<li>B of A Securities analyst Rafe Jadrosich reinstated an Underperform rating with a price target of $88 on July 30. This analyst has an accuracy rate of 73%</li>
<li>RBC Capital analyst Mike Dahl maintained an Underperform rating and cut the price target from $79 to $76 on July 26. This analyst has an accuracy rate of 72%.</li>
<li>Recent News: On Aug. 19, Whirlpool declared a quarterly dividend of $1.75 per share on the Company&#8217;s common stock.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the<a href="https://pro.benzinga.com/dashboard"> trend in WHR stock.</a></li>
</ul>
<h3 class="wp-block-heading">Bloomin&#8217; Brands, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLMN#NASDAQ">BLMN</a>)</h3>
<ul>
<li>Dividend Yield: 5.73%</li>
<li>Citigroup analyst Jon Tower maintained a Neutral rating and cut the price target from $22 to $20 on Aug. 19. This analyst has an accuracy rate of 73%.</li>
<li>Deutsche Bank analyst Lauren Silberman maintained a Hold rating and slashed the price target from $26 to $19 on Aug. 7. This analyst has an accuracy rate of 75%.</li>
<li>Recent News: On Aug. 26, Bloomin&#8217; Brands named Michael L. Spanos as Chief Executive Officer.</li>
<li>Benzinga Pro&#8217;s signals feature notified of a potential b<a href="https://pro.benzinga.com/dashboard">reakout in BLMN shares.</a></li>
</ul>

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</ul>

Dividends

Wall Street's Most Accurate Analysts Spotlight On 3 Consumer Stocks With Over 5% Dividend Yield

Delta Air Lines Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>), a cornerstone of the American aviation industry and the oldest operating airline in the U.S., is heading <a href="https://www.benzinga.com/topic/death-cross">into turbulent skies</a>.
<figure class="wp-block-image size-full"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent082624&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="631" height="457" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/26145533/Screenshot-2024-08-27-at-12.12.00-AM.png" alt="" class="wp-image-514387" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/26145533/Screenshot-2024-08-27-at-12.12.00-AM.png 631w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/26145533/Screenshot-2024-08-27-at-12.12.00-AM-300x217.png 300w" sizes="(max-width: 631px) 100vw, 631px" /></a></figure>
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As the stock flirts with a Death Cross — a technical pattern where a short-term moving average crosses below a long-term moving average — investors are left wondering if it&#8217;s time to buckle up for a bumpy ride.
<h1 class="wp-block-heading">A Rough Patch For Delta</h1>
Recent events haven't been kind to Delta. The stock is up 1.29% year-to-date but has slid 3.40% over the past year, with a notable 7.16% drop in the last month. 
Adding to the turbulence, Delta's COO, Michael Spanos is departing after just a year with the airline. His exit follows a major IT outage that grounded thousands of flights and cost the company a hefty $500 million — a loss that still lingers in the minds of investors.
Read Also: <a href="https://www.benzinga.com//node/40279069">Delta Bleeds Money After Tech Disaster, Pursues Legal Claims Against CrowdStrike And Microsoft</a>
The timing of Spanos's departure, coinciding with his appointment as CEO of Bloomin' Brands Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLMN#NASDAQ">BLMN</a>), has raised eyebrows and added uncertainty to Delta's management landscape.
<h1 class="wp-block-heading">Delta Stock Chart Shows Technical Turbulence &#8211; Death Cross Looming</h1>
As Delta grapples with operational challenges, its stock&#8217;s technical indicators suggest more turbulence ahead. The approaching Death Cross typically signals bearish momentum, warning investors of potential downside. 
<figure class="wp-block-image size-full"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent082624&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="631" height="457" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/26144941/Screenshot-2024-08-27-at-12.12.16-AM.png" alt="" class="wp-image-514379" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/26144941/Screenshot-2024-08-27-at-12.12.16-AM.png 631w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/26144941/Screenshot-2024-08-27-at-12.12.16-AM-300x217.png 300w" sizes="(max-width: 631px) 100vw, 631px" /></a></figure>
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Delta's current share price sits at $40.97, just above the eight-day and 20-day simple moving averages (SMAs) of $40.45 and $40.04, respectively. These levels point to a bullish sentiment in the very short term.
However, the medium to long-term signals paint a different picture.
Delta's 50-day SMA stands at $43.84, well above the current share price, flashing a bearish signal. Similarly, the 200-day SMA at $43.68 reinforces the bearish outlook. 
<figure class="wp-block-image size-full"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent082624&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="631" height="457" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/26145101/Screenshot-2024-08-27-at-12.11.39-AM.png" alt="" class="wp-image-514380" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/26145101/Screenshot-2024-08-27-at-12.11.39-AM.png 631w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/26145101/Screenshot-2024-08-27-at-12.11.39-AM-300x217.png 300w" sizes="(max-width: 631px) 100vw, 631px" /></a></figure>
<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent082624&amp;t=be2bearmibe3na1" target="_blank" rel="noreferrer noopener">Chart created using Benzinga Pro</a>
With the Moving Average Convergence Divergence (MACD) indicator at a negative 0.88 and the Relative Strength Index (RSI) at a neutral 47.76, the technicals suggest Delta is facing downward pressure, though currently it is neither overbought nor oversold. 
Additionally, the Bollinger Bands (25) range from $36.92 to $44.52, indicating the stock is trading near its lower band — a bearish sign. The stock appears to be on the verge of entering the upper bullish band, but if other momentum and oscillator indicators do not support — it may be a tough hill to climb.
<h2 class="wp-block-heading">Delta Stock: Ready For A Takeoff — Or A Crash Landing?</h2>
While Delta's short-term technicals suggest a brief respite, the broader indicators are less encouraging. 
Investors should keep a close eye on the impending Death Cross and be prepared for further volatility. For those with a stomach for turbulence, there may still be opportunities, but it could be a rough ride ahead.
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</ul>
Photo: Courtesy Delta

Technicals

Signals

Delta Air Lines Stock Nears Death Cross: Time To Fasten Your Seat Belt?

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:<a class="ticker" href="https://www.benzinga.com/stock/BLMN#NASDAQ">BLMN</a>) 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.

Management

Bloomin' Brands Names Michael L. Spanos As Chief Executive Officer, Effective September 3, 2024; Former CEO David Deno Will Serve In Transitional Role Until December 31, 2024

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our a<a href="https://www.benzinga.com/analyst-stock-ratings">nalyst ratings page.</a>
<ul>
<li>Bernstein cut the price target for CrowdStrike Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>) from $381 to $315. Bernstein analyst Peter Weed maintained an Outperform rating. CrowdStrike shares gained 0.8% to close at $262.54 on Friday. <a href="https://www.benzinga.com/quote/CRWD/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Rosenblatt increased the price target for Palo Alto Networks, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>) from $300 to $345. Rosenblatt analyst Catharine Trebnick maintained a Neutral rating. Palo Alto shares fell 2.7% to close at $334.11 on Friday. <a href="https://www.benzinga.com/quote/PANW/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Scotiabank boosted AngloGold Ashanti plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AU#NYSE">AU</a>) price target from $27 to $30. Scotiabank analyst Tanya Jakusconek downgraded the stock from Sector Perform to Sector Underperform. AngloGold Ashanti shares rose 3.5% to close at $31.47 on Friday. <a href="https://www.benzinga.com/quote/AU/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Citigroup cut the price target for Bloomin&#8217; Brands, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLMN#NASDAQ">BLMN</a>) from $22 to $20. Citigroup analyst Jon Tower maintained a Neutral rating. Bloomin&#8217; Brands shares gained 0.1% to close at $17.27 on Friday. <a href="https://www.benzinga.com/quote/BLMN/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Barclays slashed Snowflake Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>) price target from $191 to $146. Barclays analyst Raimo Lenschow maintained an Equal-Weight rating. Snowflake shares gained 0.8% to close at $128.04 on Friday. <a href="https://www.benzinga.com/quote/SNOW/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>JP Morgan cut Progyny, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PGNY#NASDAQ">PGNY</a>) price target from $41 to $31. JP Morgan analyst Anne Samuel maintained an Overweight rating. Progyny shares gained 0.9% to close at $21.04 on Friday. <a href="https://www.benzinga.com/quote/PGNY/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Ascendiant Capital increased the price target for Genasys Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GNSS#NASDAQ">GNSS</a>) from $4.25 to $4.75. Ascendiant Capital analyst Edward Woo maintained a Buy rating. Genasys shares rose 3% to close at $2.74 on Friday. <a href="https://www.benzinga.com/quote/GNSS/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Chardan Capital cut Metagenomi, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MGX#NASDAQ">MGX</a>) price target from $17 to $15. Chardan Capital analyst Geulah Livshits maintained a Buy rating. Metagenomi shares fell 3.8% to close at $2.82 on Friday. <a href="https://www.benzinga.com/quote/MGX/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Citigroup boosted Cogent Communications Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCOI#NASDAQ">CCOI</a>) price target from $70 to $82. Citigroup analyst Michael Rollins maintained a Buy rating. Cogent Communications shares fell 0.1% to close at $73.46 on Friday. <a href="https://www.benzinga.com/quote/CCOI/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Barclays raised The Williams Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMB#NYSE">WMB</a>) price target from $41 to $42. Barclays analyst Theresa Chen maintained an Equal-Weight rating. Williams shares gained 0.6% to close at $44.13 on Friday. <a href="https://www.benzinga.com/quote/WMB/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying CCOI stock? Here&#8217;s what analysts think: 
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CCOI

CRWD

GNSS

PANW

PGNY

SNOW

Cogent Communications To Rally Around 12%? Here Are 10 Top Analyst Forecasts For Monday

During the last three months, 7 analysts shared their evaluations of Bloomin Brands (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLMN#NASDAQ">BLMN</a>), revealing diverse outlooks from bullish to bearish.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">6</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $20.71, a high estimate of $24.00, and a low estimate of $18.00. Observing a downward trend, the current average is 20.77% lower than the prior average price target of $26.14. 
<img src="https://www.benzinga.com/files/images/story/2024/1724068814_0.png" alt="price target chart" />
<h2>Decoding Analyst Ratings: A Detailed Look</h2>
The standing of Bloomin Brands among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Jon Tower</td>
<td>Citigroup</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$20.00</td>
<td>$22.00</td>
</tr>
<tr>
<td>Lauren Silberman</td>
<td>Deutsche Bank</td>
<td>Lowers</td>
<td>Hold</td>
<td>$19.00</td>
<td>$26.00</td>
</tr>
<tr>
<td>Jeffrey Bernstein</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$22.00</td>
<td>$30.00</td>
</tr>
<tr>
<td>Dennis Geiger</td>
<td>UBS</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$18.00</td>
<td>$26.00</td>
</tr>
<tr>
<td>Andrew Strelzik</td>
<td>BMO Capital</td>
<td>Lowers</td>
<td>Market Perform</td>
<td>$20.00</td>
<td>$27.00</td>
</tr>
<tr>
<td>John Glass</td>
<td>Morgan Stanley</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$22.00</td>
<td>$26.00</td>
</tr>
<tr>
<td>John Ivankoe</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$24.00</td>
<td>$26.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Bloomin Brands. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Bloomin Brands compared to the broader market.</li>
<li>Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Bloomin Brands's stock. This examination reveals shifts in analysts' expectations over time.</li>
</ul>
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Bloomin Brands's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/BLMN/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Bloomin Brands analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>Get to Know Bloomin Brands Better</h2>
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.
<h3>Understanding the Numbers: Bloomin Brands's Finances</h3>
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
Revenue Growth: Bloomin Brands's revenue growth over a period of 3 months has faced challenges. As of 30 June, 2024, the company experienced a revenue decline of approximately -2.93%. This indicates a decrease in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Consumer Discretionary sector.
Net Margin: The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of 2.54%, the company may need to address challenges in effective cost control.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 9.64%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Bloomin Brands's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of 0.84%, the company may face hurdles in achieving optimal financial returns.
Debt Management: Bloomin Brands's debt-to-equity ratio stands notably higher than the industry average, reaching 8.04. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
<h2>Understanding the Relevance of Analyst Ratings</h2>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

The Analyst Verdict: Bloomin Brands In The Eyes Of 7 Experts

Citigroup analyst Jon Tower maintains Bloomin Brands (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLMN#NASDAQ">BLMN</a>) with a Neutral and lowers the price target from $22 to $20.

Citigroup Maintains Neutral on Bloomin Brands, Lowers Price Target to $20

Although U.S. stocks closed higher on Tuesday, there were a few notable insider trades.
When insiders purchase shares, it indicates their confidence in the company&#8217;s prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision.
Below is a look at a few recent notable insider purchases. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/">Benzinga&#8217;s insider transactions</a> platform.
<h3 class="wp-block-heading">Lyft</h3>
<ul>
<li>The Trade: Lyft, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>) CEO John David Risher <a href="https://www.benzinga.com/quote/LYFT/analyst-ratings">acquired a total of 51,815 shares</a> at an average price of $9.67. To acquire these shares, it cost around $501,025.</li>
<li>What's Happening: On Aug. 7, Lyft reported second-quarter adjusted EPS of 24 cents, which beat the analyst consensus estimate of 19 cents.</li>
<li>What Lyft Does: Lyft is the second-largest ride-sharing service provider in the US and Canada, connecting riders and drivers over the Lyft app.</li>
</ul>
<h3 class="wp-block-heading">Huntsman</h3>
<ul>
<li>The Trade: Huntsman Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUN#NYSE">HUN</a>) Exec VP, GC and Sec David M Stryker acquired a total of 2,500 shares at an average price of $20.11. To acquire these shares, it cost around $50,273.</li>
<li>What's Happening: On Aug. 5, Huntsman posted in-line quarterly earnings.</li>
<li>What Huntsman Does: Huntsman Corp is a US-based manufacturer of differentiated organic chemical products.</li>
</ul>
<h3 class="wp-block-heading">Bloomin&#8217; Brands</h3>
<ul>
<li>The Trade: Bloomin&#8217; Brands, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLMN#NASDAQ">BLMN</a>) Director Julie T. Kunkel <a href="https://www.benzinga.com/sec/insider-trades/">bought a total of 1,000 shares </a>at an average price of $15.65. To acquire these shares, it cost around $15,650.</li>
<li>What's Happening: On Aug. 6, Bloomin&#8217; Brands reported second-quarter adjusted EPS of 51 cents, missing the analyst consensus of 58 cents.</li>
<li>What Bloomin&#8217; Brands Does: Bloomin Brands Inc operates as a casual dining restaurant company.</li>
</ul>
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</ul>

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Bloomin' Brands, Inc. (BLMN) Q3 2024 Earnings Call Transcript

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Legal

Press Releases

Kaskela Law LLC Announces Shareholder Investigation of Bloomin' Brands, Inc. (BLMN) and Encourages Investors to Contact the Firm

Bloomin' Brands Announces 2023 Q4 Financial Results

Bloomin' Brands, Inc. to Host Fiscal 2024 First Quarter Earnings Conference Call at 8:00 AM EDT on May 7, 2024

Bloomin' Brands Announces 2024 Q1 Financial Results

Bloomin' Brands CEO David Deno Retiring

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

Bloomin' Brands Announces 2024 Q2 Financial Results

Bloomin' Brands Names Michael L. Spanos As Chief Executive Officer

Bloomin' Brands, Inc. to Host Fiscal 2024 Third Quarter Earnings
Conference Call at 8:30 AM EST on November 8, 2024

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