BLMN - Bloomin' Brands, Inc.
Chart Events
Commodity Channel Index
Performance Outlook
- Short Term2W - 6W
- Mid Term6W - 9M
- Long Term9M+
| Previous Close | 10.09 |
| Open | 10.29 |
| Bid | 10.20 x 900 |
| Ask | 10.21 x 800 |
| Day's Range | 9.95 - 10.31 |
| 52 Week Range | 4.54 - 24.29 |
| Volume | 1,199,468 |
| Avg. Volume | 4,258,714 |
| Market Cap | 897.606M |
| Beta (5Y Monthly) | 1.78 |
| PE Ratio (TTM) | 32.47 |
| EPS (TTM) | 0.32 |
| Earnings Date | Jul 24, 2020 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | Feb 27, 2020 |
| 1y Target Est | 13.75 |
Fair Value
Related Research
- MarketWatch
Amazon drops online retailer Boohoo’s products amid allegations of poor working conditions and no COVID-19 protection
Shares of online fashion retailer Boohoo suffered heavy losses for a second day, even as the company said it would launch an immediate independent probe into allegations of poor conditions for workers and no protection from COVID-19.
- Business Wire
Bloomin’ Brands, Inc. to Host Fiscal 2020 Second Quarter Earnings Conference Call at 8:30 AM EDT on July 24, 2020
Bloomin’ Brands, Inc. (Nasdaq: BLMN) will release results for the fiscal second quarter ended June 28, 2020, on Friday, July 24, 2020, at approximately 7:00 AM EDT, which will be followed by a conference call to review its financial results at 8:30 AM EDT the same day.
- Business Wire
Bloomin’ Brands Announces Board of Directors Changes
Bloomin’ Brands, Inc. (Nasdaq: BLMN) and JANA Partners LLC today announced the addition of John P. Gainor, Jr. and Lawrence V. Jackson to the Bloomin’ Brands Board of Directors. In April, the two companies announced an agreement that included an increase to the size of the Board to ten members. The new positions filled by Gainor and Jackson became effective July 1, 2020.
- Zacks
How Bloomin' Brands (BLMN) Stock Stands Out in a Strong Industry?
Bloomin' Brands (BLMN) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.
- Motley Fool
Better Buy: McDonald's vs. Bloomin' Brands
Restaurant stocks are typically tough businesses, but I think investors could benefit and improve their skills by analyzing both McDonald's (NYSE: MCD) and Bloomin' Brands (NASDAQ: BLMN) and choosing one. McDonald's has historically been a good business to own, more than doubling in the five-year period ending Feb. 20, just before the coronavirus pandemic began roiling markets. 95% of the company's restaurants globally are back open as of June 15, which should boost those comps in coming months.
- Insider Monkey
Hedge Funds See Opportunity In Bloomin’ Brands Inc (BLMN)
In this article you are going to find out whether hedge funds think Bloomin' Brands Inc (NASDAQ:BLMN) is a good investment right now. We like to check what the smart money thinks first before doing extensive research on a given stock. Although there have been several high profile failed hedge fund picks, the consensus picks […]
- MarketWatch
Coronavirus update: U.S. case tally passes 2 million mark and 21 states are still seeing increases in infections
The number of U.S. cases of the coronavirus illness COVID-19 marked a grim milestone of more than 2 million on Thursday, and cases continued to climb in 21 states even as they push ahead with reopening economies after lockdowns and restrictions on movement.
- MarketWatch
Bloomin' Brands stock sinks as Outback Steakhouse same-store sales slowly regain momentum
Bloomin' Brands Inc. shares sank 10.6% in Thursday premarket trading after the Outback Steakhouse parent detailed the same-store sales improvement as its restaurants reopen, with momentum gaining slowly at some chains. Outback Steakhouse same-store sales fell 24.7% for the week ending June 6, compared with a 24.8% decline the week before. At Fleming's Prime Steakhouse & Wine Bar, same-store sales for the week ending June 6 fell 45.2% compared with a 36.9% decline the week before. Same-store sales at Carrabba's Italian Grill fell 21.4% for the week ending June 6, compared with a 24.1% the week before. And Bonefish Grill same-store sales fell 40.5% for the week ending June 6, compared with a 48.6% decline the week before. As of June 7, 74% of U.S. company-owned stores, or 760 locations, have reopened with limited dine-in capacity. As of June 11, Bloomin' Brands had $493 million in liquidity, which includes approximately $128 million of cash and $365 million from its revolving credit facility. Bloomin' stock has tumbled nearly 45% for the year to date while the S&P 500 index is down 1.3% for the period.
- Business Wire
Bloomin’ Brands Provides Business Update Related to the COVID-19 Pandemic
Bloomin’ Brands, Inc. (Nasdaq: BLMN) today announced a business update related to COVID-19 as well as recent sales results and details on cash utilization and liquidity.
- Yahoo Finance Video
Restaurants begin to reopen, here's what your contactless dining experience may look like
Raj Suri, Presto Founder & CEO, joins Yahoo Finance to discuss the future of contactless dining, what chain restaurants are using the company's technology, how small restaurants can receive a Presto dining kit for free and more.
- Thomson Reuters StreetEvents
Edited Transcript of BLMN earnings conference call or presentation 8-May-20 12:30pm GMT
Q1 2020 Bloomin' Brands Inc Earnings Call
- Barrons.com
What Reopening Momentum Means for Cheescake Factory, Brinker and Bloomin’
As many states begin to ease their lockdowns, a number of restaurants have started serving dine-in customers. That has led to a boost in traffic, and it might not fade as quickly as naysayers think, argues Gordon Haskett.
- Motley Fool
Is Bloomin' Brands Stock a Buy?
The COVID-19 health crisis has been brutal for Bloomin' Brands (NASDAQ: BLMN). The parent company of restaurant chains Outback Steakhouse, Carrabba's Italian Grill, Bonefish Grill, and Fleming's Prime Steakhouse is trading 50% below its yearly highs. Bloomin' Brands might be a decent long-term buy at these low prices for investors with an appetite for risky turnarounds, but I wouldn't bet the farm on the Outback operator right now.
- Motley Fool
Better Buy: Starbucks vs. Bloomin' Brands
Takeout helped Starbucks and Bloomin’ through the coronavirus crisis. Now, which company has a better chance of post-crisis growth?
- Moody's
Bloomin' Brands, Inc. -- Moody's downgrades Bloomin' Brand's CFR to B1; bank credit facilities to Ba3; outlook negative
Moody's Investors Service ("Moody's") today downgraded Bloomin' Brands, Inc.'s ("Bloomin' Brands") Corporate Family Rating (CFR) to B1 from Ba3, $1.0 billion senior secured revolver to Ba3 from Ba2 and $500 million senior secured term loan to Ba3 from Ba2. Bloomin' Brands Probability of Default Rating (PDR) was confirmed at B1-PD. This concludes Moody's review for downgrade that was initiated on March 23, 2020.
- Yahoo Finance
Probability of US restaurants defaulting soars amid COVID-19 pandemic: Report
The probability that U.S. restaurants will default has soared in recent weeks as a result of the devastating COVID-19 pandemic, according to S&P Global Market Intelligence.
- Barrons.com
5 Restaurant Stocks That an Analyst Says Are Still Worth Buying
Restaurant stocks have been whipsawed by poor earnings, Covid-19 warnings from health experts, and hopes about reopenings and vaccine progress. Analyst Brian Vaccaro notes that restaurants’ ability to raise capital in recent weeks has bolstered balance sheets, in many cases pushing off any concerns about liquidity to a year or more. “While risks obviously remain, for investors seeking tactical long ideas in an environment of improving weekly sales data as more states reopen (and capacity limits are raised),” there are still restaurant stocks worth buying, he writes.
- GuruFocus.com
A Trio of Stocks Growing Earnings Fast
Their 5-year EPS growth rates beat the S&P; 500 Continue reading...
- MarketWatch
S&P downgrades Bloomin' Brands further into junk as pandemic hurts sales and credit metrics
S&P Global Ratings downgraded Bloomin' Brands Inc.'s rating by one notch to B-plus on Friday, and said it expects the casual restaurant operator's financial performance and credit profile to deteriorate during the coronavirus pandemic. The outlook is negative, meaning it could downgrade gain in the medium term. "We expect depressed sales volumes to result in an operating loss and negative free cash flow generation this year," the rating agency said in a statement. "As a result, we believe lower EBITDA levels, combined with higher debt balances from its recent convertible note issue and substantial draws under its revolving credit facility, will cause credit metrics to deteriorate sharply this year. " The restaurant industry has been hit hard by the pandemic, which has forced most to close and switch to delivery or pickup services only. Bloomin, which operates Outback Steakhouse, Carraba's Italian Grill and Bonefish Grill, has reopened about 355 dining rooms since then but with guidelines for social distancing still in place in many areas, attendance is expected to be muted. "We expect the restaurant operating environment will remain challenging, as weak consumer confidence, elevated unemployment, and lingering contagion fears limit a full recovery in sales levels. In addition, we expect margins will remain pressured reflecting incremental costs such as elevated off-premise fulfillment expenses and heightened health and safety requirements," said the statement. Bloomin's shares were up 7.5% Friday, but have fallen 54% in the year to date, while the S&P 500 has fallen 12%.
- MarketWatch
Coronavirus update: U.S. economy sheds record-setting 20.5 million jobs and New York child dies of condition linked to virus
The U.S. Labor Department said the pandemic cost 20.5 million jobs in April, pushing the unemployment rate to a post–World War II high and deepening the economic crisis, while in New York, a child died of a rare condition linked to the virus.
- Motley Fool
Bloomin' Brands (BLMN) Q1 2020 Earnings Call Transcript
BLMN earnings call for the period ending March 31, 2020.
- Zacks
Bloomin' Brands (BLMN) Q1 Earnings Meet Estimates
Bloomin' Brands (BLMN) delivered earnings and revenue surprises of 0.00% and 0.16%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
- Benzinga
Recap: Bloomin Brands Q1 Earnings
Shares of Bloomin Brands (NASDAQ:BLMN) rose 1.2% in pre-market trading after the company reported Q1 results.Quarterly Results Earnings per share fell 81.33% year over year to $0.14, which missed the estimate of $0.20.Revenue of $1,008,000,000 less by 10.64% year over year, which beat the estimate of $986,000,000.Outlook Bloomin Brands hasn't issued any earnings guidance for the time being.Bloomin Brands hasn't issued any revenue guidance for the time being.Details Of The Call Date: May 08, 2020View more earnings on BLMNWebcast URL: https://edge.media-server.com/mmc/p/9nri2rzsRecent Stock Performance 52-week high: $24.29Company's 52-week low was at $4.54Price action over last quarter: down 58.35%Company Profile Bloomin Brands Inc operates as a casual dining restaurant company. Its 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.See more from Benzinga * Orthofix Medical: Q1 Earnings Insights * Harsco: Q1 Earnings Insights * Recap: Mersana Therapeutics Q1 Earnings(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- MarketWatch
Outback parent stock rises after 'promising' early results from reopened dining rooms
Bloomin' Brands Inc. stock rose 1.2% in Friday premarket trading after the restaurant company reported revenue that beat expectations and was upbeat about recently-reopened dining rooms. Net losses totaled $38.1 million, or 44 cents per share, after net income of $64.3 million, or 69 cents per share, last year. Adjusted EPS of 14 cents was well below the FactSet consensus for 33 cents. Revenue of $1.008 billion was down from $1.128 billion last year but just ahead of the FactSet outlook of $1.007 billion. Same-store sales fell 10.4%, with Outback Steakhouse down 9.5%, Carrabba's Italian Grill down 8.7% and Bonefish Grill down 13.9%. Bloomin' announced on Tuesday that hundreds of dining rooms across its chains would reopen. "We have 355 restaurant dining rooms opened with limited seating capacity across multiple states as of Thursday evening. Early results have been promising," said Chief Executive David Deno in a statement. "Once we have successfully navigated the ongoing crisis, we believe that we will be well positioned to build on our early 2020 success and emerge a stronger company." Bloomin' issued $200 million in convertible notes on Wednesday. Bloomin' Brands stock has lost nearly half its value over the past year while the S&P 500 index is almost breakeven for the period.
- Business Wire
Bloomin’ Brands Announces 2020 Q1 Financial Results
Bloomin’ Brands, Inc. (Nasdaq: BLMN) today announced a business update related to COVID-19 as well as first quarter 2020 financial results.
