BLMN - Bloomin' Brands, Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
19.88
-0.03 (-0.15%)
As of 1:14PM EDT. Market open.
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Previous Close19.91
Open19.91
Bid19.83 x 800
Ask19.84 x 2200
Day's Range19.73 - 20.03
52 Week Range16.30 - 25.00
Volume600,889
Avg. Volume1,390,503
Market Cap1.84B
Beta-0.24
PE Ratio (TTM)17.27
EPS (TTM)1.15
Earnings DateNov 1, 2018 - Nov 5, 2018
Forward Dividend & Yield0.36 (1.77%)
Ex-Dividend Date2018-08-08
1y Target Est23.33
Trade prices are not sourced from all markets
  • Analysts Raise Price Targets after Darden’s Fiscal Q1 Results
    Market Realist3 hours ago

    Analysts Raise Price Targets after Darden’s Fiscal Q1 Results

    On September 20, Darden Restaurants (DRI) was trading at $71.12. On the same day, 56.0% of the 25 analysts that follow Darden Restaurants favored a “buy” rating, while 44.0% favored a “hold” rating. Since the announcement of Darden Restaurants’ earnings for the first quarter of fiscal 2019, Canaccord Genuity, Stifel, Jefferies, and Maxim have all raised their price targets.

  • How Did Darden Stock React to BMO Capital’s Downgrade?
    Market Realist3 hours ago

    How Did Darden Stock React to BMO Capital’s Downgrade?

    Despite BMO Capital’s downgrade on September 24, Darden Restaurants’ (DRI) stock price rose 0.4% and closed the day at $113.28.

  • Darden Outperforms Analysts’ EPS Expectations in Fiscal Q1 2019
    Market Realist4 hours ago

    Darden Outperforms Analysts’ EPS Expectations in Fiscal Q1 2019

    During the first quarter of fiscal 2019, Darden Restaurants (DRI) posted earnings per share of $1.32. However, removing special or one-time items, the company’s adjusted EPS stood at $1.34, outperforming analysts’ EPS expectations of $1.24. Year-over-year, the company’s EPS grew by 35.4% from $0.99 in the first quarter of fiscal 2018.

  • BMO Capital Downgraded Darden Restaurants
    Market Realist5 hours ago

    BMO Capital Downgraded Darden Restaurants

    On September 24, BMO Capital downgraded Darden Restaurants (DRI) from “market perform” to “underperform” due to concerns about food commodity deflation. As reported by MarketWatch, Andrew Strelzik of BMO Capital expects the SSSG (same-store sales growth) to deaccelerate across the casual dining industry from the beginning of fourth quarter due to the widening gap between consumers eating food at home and eating out. The gap is a result of food commodity deflation. Strelzik also lowered his target price for Darden from $105 to $96.

  • Labor Expenses Dented Darden’s EBIT Margin in Fiscal Q1 2019
    Market Realist6 hours ago

    Labor Expenses Dented Darden’s EBIT Margin in Fiscal Q1 2019

    During the first quarter of fiscal 2019, Darden Restaurants (DRI) posted EBIT (earnings before interest and tax) of $189.1 million, which represents an EBIT margin of 9.2%. The company’s EBIT margin stood at 9.3% in the first quarter of fiscal 2018.

  • MarketWatchyesterday

    Slowing same-store sales trends drive downgrades at Olive Garden's Darden Restaurants, Bloomin' Brands and other restaurant companies

    BMO Capital Markets analysts downgraded a number of restaurant company stocks, including Olive Garden parent Darden Restaurants Inc. and Outback parent Bloomin' Brands Inc. , based on "decelerating industry trends" and commodity deflation. Olive Garden just reported better-than-expected same-store sales in the most recent quarter, but BMO analysts are concerned about the impact commodity prices could have on Longhorn Steakhouse. Analysts expressed the same concern about Outback, Brinker International Inc.'s Chili's brand, Texas Roadhouse Inc. and Chuy's Holdings Inc. . "We are shifting to a more cautious view of casual dining as industry comp trends likely will decelerate beginning in 4Q18, driven by a widening food-at-home/food-away-from-home price gap," BMO wrote. Darden was downgraded to underperform from market perform with a price target cut to $96 from $105. The stock is down 0.3% in Monday trading, and up 17.3% for the year to date. Bloomin' Brands was downgraded to market perform from outperform with a price target cut to $21 from $28. Shares are down 4.3% in Monday trading, and are down 9.8% for the year to date. Brinker International was downgraded to underperform from market perform with its price target slashed to $40 from $43. Brinker shares are down nearly 4% in Monday trading, but up 18.7% for 2018 to date. Texas Roadhouse was downgraded to underperform from market perform with a price target decrease to $58 from $62. Texas Roadhouse stock is down 5.2% in Monday trading, but up nearly 27% for the year so far. And Chuy's was downgraded to underperform from market perform with the price target lowered to $23 from $28. Chuy's shares have sunk 9.2% on Monday, and have fallen 11.6% for the year to date. The S&P 500 index has gained 9% for 2018 so far.

  • How Is Darden Restaurants Expanding Its Operations?
    Market Realistyesterday

    How Is Darden Restaurants Expanding Its Operations?

    By the end of the first quarter of fiscal 2019, Darden Restaurants (DRI) operated 1,753 restaurants: Olive Garden: 858 LongHorn Steakhouse: 506 Cheddar’s Scratch Kitchen: 157 Yard House: 73 The Capital Grille: 58 Bahama Breeze: 40 Seasons 52: 42 Eddie V’s: 19 

  • What Drove Darden’s Same-Store Sales Growth in Fiscal Q1 2019?
    Market Realistyesterday

    What Drove Darden’s Same-Store Sales Growth in Fiscal Q1 2019?

    For the first quarter of fiscal 2019, Darden Restaurants (DRI) posted overall SSSG (same-store sales growth) of 3.3%, outperforming analysts’ expectations of 1.1%. Of Darden’s eight brands, six have posted positive SSSG figures. In this article, we’ll examine the performance of Darden Restaurants’ brands.

  • Darden Outperforms Analysts’ Revenue Estimates in Fiscal Q1 2019
    Market Realistyesterday

    Darden Outperforms Analysts’ Revenue Estimates in Fiscal Q1 2019

    In the first quarter of fiscal 2019, Darden Restaurants (DRI) posted revenues of $2.06 billion, outperforming analysts’ expectations of $2.03 billion. Year-over-year, the company’s revenues have increased 6.5%. The addition of 52 new restaurants in the last four quarters contributed 3.2% of its revenue growth, while its SSSG (same-store sales growth) has added 3.3%.

  • Key Takeaways from Darden Restaurants’ Fiscal Q1 2019 Results
    Market Realist4 days ago

    Key Takeaways from Darden Restaurants’ Fiscal Q1 2019 Results

    Darden Restaurants (DRI) posted its earnings for the first quarter of fiscal 2019 before the market opened on September 20. The company posted adjusted EPS of $1.34 on revenues of $2.06 billion. Year-over-year, the company’s EPS has increased by 35.4%, while its revenues grew by 6.5%.

  • Analysts Favor ‘Buys’ ahead of Darden’s Fiscal Q1 2019 Results
    Market Realist7 days ago

    Analysts Favor ‘Buys’ ahead of Darden’s Fiscal Q1 2019 Results

    Of the 26 analysts that follow Darden Restaurants (DRI), 53.8% have recommended “buys” on its stock as of September 14, while the remaining 46.2% have recommended “holds.” No analysts have given the stock “sell” recommendations. On average, analysts have set a target price of $119.15 on the stock as of the same day.

  • How Does Darden’s Valuation Multiple Compare to Its Peers’?
    Market Realist7 days ago

    How Does Darden’s Valuation Multiple Compare to Its Peers’?

    For our valuation analysis of Darden Restaurants (DRI), we’ve opted to consider its forward PE multiple due to the high visibility of its future earnings. Darden’s strong fiscal fourth-quarter earnings results and the optimistic outlook set by its management have led to an increase in its stock price and its valuation multiple.

  • Why Analysts Expect Darden’s EPS to Rise in Fiscal Q1 2019
    Market Realist8 days ago

    Why Analysts Expect Darden’s EPS to Rise in Fiscal Q1 2019

    Analysts expect Darden Restaurants (DRI) to post EPS of $1.24 in the first quarter of fiscal 2019, a rise of 25.3% from its EPS of $0.99 in the corresponding quarter of fiscal 2018. This EPS growth will likely be driven by revenue growth, the expansion of its net margin, and share repurchases. Analysts expect Darden’s net margin to expand from 6.5% in the fiscal first quarter of 2018 to 7.5% in the fiscal first quarter of 2019.

  • What Are Analysts Expecting from Darden’s Fiscal Q1 2019 Revenue?
    Market Realist8 days ago

    What Are Analysts Expecting from Darden’s Fiscal Q1 2019 Revenue?

    For the fiscal first quarter of 2019, analysts expect Darden Restaurants (DRI) to post revenue of $2.03 billion, a rise of 5.0% from $1.94 billion in the corresponding quarter of the previous year. This revenue growth will likely be driven by the addition of new restaurants and positive SSSG (same-store sales growth). Compared to its fiscal first quarter of 2018, Darden operated nine more Olive Garden restaurants, 13 more LongHorn Steakhouse restaurants, 15 more Cheddar’s Scratch Kitchen restaurants, four more Yard House restaurants, two more Capital Grille restaurants, one more Bahama Breeze restaurant, and one more Eddie V’s restaurant at the end of the fiscal fourth quarter of 2019.

  • Analysts Are Optimistic about Darden’s Fiscal Q1 2019 Earnings
    Market Realist8 days ago

    Analysts Are Optimistic about Darden’s Fiscal Q1 2019 Earnings

    On September 14, Darden was trading at $119.05, a rise of 27.6% since its announcement of its earnings results for the fiscal fourth quarter of 2018 on June 21. In its earnings for the fiscal fourth quarter of 2018, Darden posted adjusted EPS of $1.39, outperforming analysts’ consensus expectation of $1.35. After its earnings release, Darden’s management set an optimistic outlook.

  • Darden’s Stock Price Rises on Goldman Sachs’s Upgrade
    Market Realist13 days ago

    Darden’s Stock Price Rises on Goldman Sachs’s Upgrade

    Goldman Sachs’s upgrade appears to have increased investors’ confidence, leading to a rise in Darden Restaurants’ (DRI) stock price. On September 11, Darden hit a new 52-week high of $120.93 before closing the day at $119.28, which represents a rise of 0.6% from its previous day’s closing price.

  • Why Goldman Sachs Upgraded Darden Restaurants
    Market Realist13 days ago

    Why Goldman Sachs Upgraded Darden Restaurants

    On September 11, Goldman Sachs upgraded Darden Restaurants (DRI) from “neutral” to “buy,” and also raised its price target from $106 to $130, which represents a return potential of 8.9% from its current stock price of $119.38. Karen Holthouse of Goldman Sachs is optimistic about the restaurant sector and expects the increase in consumer spending to drive restaurants’ sales higher in the second half of 2018. Despite the risks of the increase in labor and delivery costs, Holthouse is optimistic about Darden due to the expectation of strong sales from its off presence business such as takeout and delivery.

  • Benzinga14 days ago

    Goldman Takes A Bite Of Darden, Spits Out Bloomin' Brands, Wingstop

    Goldman Sachs has a good feeling about the dining sector. “We are optimistic on restaurants’ top-line trajectory through 2H18, and see no historical precedent for a rapid reversal from new all-time highs ...

  • Brunch, burritos & beer: These restaurants are in the works in and around Lake Nona
    American City Business Journals15 days ago

    Brunch, burritos & beer: These restaurants are in the works in and around Lake Nona

    Several new eateries are either building out or working on deals for spaces in Lake Nona and the surrounding area. Here's a closer look at some.

  • These 2 Restaurant Stocks Are Worth a Look
    Motley Fool17 days ago

    These 2 Restaurant Stocks Are Worth a Look

    Improving sales trends and low valuations could make this a great time to consider the parent companies of Outback Steakhouse and Chili's.

  • Calculating The Intrinsic Value Of Bloomin’ Brands Inc (NASDAQ:BLMN)
    Simply Wall St.26 days ago

    Calculating The Intrinsic Value Of Bloomin’ Brands Inc (NASDAQ:BLMN)

    Today I will be providing a simple run through of a valuation method used to estimate the attractiveness of Bloomin’ Brands Inc (NASDAQ:BLMN) as an investment opportunity by estimating theRead More...

  • Bowl restaurant concept outlines Central Florida growth plans (PHOTOS)
    American City Business Journals29 days ago

    Bowl restaurant concept outlines Central Florida growth plans (PHOTOS)

    Bolay Restaurant Partners, a West Palm Beach-based bowl restaurant company, is hungry for more locations in Central Florida.  Bolay expects it could open 20 to 25 eateries in the Orlando area, as the restaurant chain looks to expand nationally, Chris Gannon, founder and CEO, told Orlando Business Journal. Gannon spoke Aug. 27 at ICSC’s Florida Conference & Deal Making conference at the Orange County Convention Center. “Orlando has a young, fit crowd that resonates with our food." The company has three signed deals so far in Lake Nona, Winter Park and near the University of Central Florida.

  • Is Bloomin' Brands (BLMN) a Great Stock for Value Investors?
    Zackslast month

    Is Bloomin' Brands (BLMN) a Great Stock for Value Investors?

    Let's see if Bloomin' Brands, Inc. (BLMN) stock is a good choice for value-oriented investors right now, or if investors subscribing to this methodology should look elsewhere for top picks.

  • Bloomin’ Brands (BLMN) Stock Dips Slightly Despite Q2 Earnings Beat
    InvestorPlace2 months ago

    Bloomin’ Brands (BLMN) Stock Dips Slightly Despite Q2 Earnings Beat

    Bloomin’ Brands (NASDAQ:BLMN) posted positive earnings results for its latest quarter but the company’s revenue was below expectations, sending shares down slightly. The company added that its comparable restaurant sales were up by 4% at its U.S. Outback Steakhouse locations as traffic was up by roughly 0.6% compared to the year-ago quarter. Combined U.S. comparable restaurant sales increased by 2.4% compared to the year-ago quarter, while comparable restaurant sales declined by 6.1% for Outback Steakhouse in Brazil.

  • Bloomin' Brands is betting big on Outback Steakhouse, with plans for 50 new locations
    American City Business Journals2 months ago

    Bloomin' Brands is betting big on Outback Steakhouse, with plans for 50 new locations

    Bloomin's plan to open dozens of new restaurants comes at a time when prime restaurant properties are difficult to come by and rents are approaching pre-recession peaks.