
Bloomin' Brands (BLMN) Stock Forecast & Price Target
Bloomin' Brands (BLMN) Analyst Ratings
Bulls say
Bloomin Brands Inc. is positioned to benefit from increased advertising spending starting in the fourth quarter of 2023, which may bolster the performance of its Outback Steakhouse brand, especially amid favorable holiday timing and easier comparisons to previous periods. The company reported a 3Q23 earnings per share of $0.44, surpassing consensus expectations due to a beneficial tax rate and favorable general and administrative costs, indicating strong operational efficiency. Additionally, while there are risks associated with market competition and reinvestment needs, the potential for strategic initiatives and improved consumer spending could positively impact Bloomin Brands's long-term competitive positioning and overall financial performance.
Bears say
Bloomin Brands has lowered its 2023 earnings per share (EPS) and comparable sales guidance, indicating potential underperformance relative to market expectations. The company faces multiple risks, including above-average leverage, significant exposure to beef cost inflation, and challenges executing strategic initiatives, all of which could lead to deteriorating profitability and market share. Additionally, broader macroeconomic factors such as declining consumer spending, ongoing food cost inflation, and increasing labor costs further exacerbate the negative outlook for the company's financial health.
This aggregate rating is based on analysts' research of Bloomin' Brands and is not a guaranteed prediction by Public.com or investment advice.
Bloomin' Brands (BLMN) Analyst Forecast & Price Prediction
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