Bloomin’ Brands (BLMN) to Release Earnings on Wednesday

Bloomin’ Brands (NASDAQ:BLMN) is expected to post its Q1 2025 quarterly earnings results before the market opens on Wednesday, May 7th. Analysts expect Bloomin’ Brands to post earnings of $0.57 per share and revenue of $1.04 billion for the quarter.

Bloomin’ Brands Stock Down 4.1 %

Bloomin’ Brands stock opened at $7.92 on Wednesday. The company has a debt-to-equity ratio of 4.46, a quick ratio of 0.22 and a current ratio of 0.31. The firm has a market capitalization of $672.65 million, a price-to-earnings ratio of -71.99 and a beta of 1.76. Bloomin’ Brands has a fifty-two week low of $6.09 and a fifty-two week high of $26.72. The stock’s fifty day moving average is $8.24 and its two-hundred day moving average is $11.50.

Bloomin’ Brands Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Tuesday, March 11th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 7.58%. The ex-dividend date was Tuesday, March 11th. Bloomin’ Brands’s payout ratio is -40.27%.

Analysts Set New Price Targets

BLMN has been the subject of a number of recent research reports. Barclays lowered their price target on shares of Bloomin’ Brands from $11.00 to $9.00 and set an “equal weight” rating for the company in a report on Tuesday, April 22nd. StockNews.com raised shares of Bloomin’ Brands from a “sell” rating to a “hold” rating in a research report on Friday, March 7th. The Goldman Sachs Group cut their price objective on shares of Bloomin’ Brands from $13.00 to $10.00 and set a “sell” rating for the company in a research report on Thursday, February 27th. JPMorgan Chase & Co. cut their price objective on shares of Bloomin’ Brands from $10.00 to $9.00 and set a “neutral” rating for the company in a research report on Thursday, March 20th. Finally, Bank of America lowered shares of Bloomin’ Brands from a “neutral” rating to an “underperform” rating and cut their price objective for the company from $18.00 to $13.00 in a research report on Monday, January 27th. Two research analysts have rated the stock with a sell rating and ten have issued a hold rating to the company’s stock. According to MarketBeat, Bloomin’ Brands has a consensus rating of “Hold” and a consensus price target of $14.30.

Insider Activity

In other news, EVP Patrick M. Hafner sold 9,555 shares of the company’s stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $8.32, for a total value of $79,497.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 3.00% of the company’s stock.

About Bloomin’ Brands

Bloomin’ Brands, Inc engages in the acquisition, operation, design, and development of restaurant concepts. It operates through the U.S. and International geographical segments. The U.S. segment operates in the USA and Puerto Rico. The International segment operates in Brazil, South Korea, Hong Kong, and China.