Bloomin Brands (NASDAQ:BLMN) Stock, Quote.Headers.trade-ideas

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.

Kohl's.Kohls

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Delta Air Lines Inc. (NYSE:DAL) is facing a rough patch as its stock flirts with a Death Cross, with recent events and management changes adding to the turbulence. Technical indicators suggest more downside ahead for the oldest U.S. airline.

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

Insights From Analysts

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Bloomin Brands Inc

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>

<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
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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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Photo: Courtesy Delta

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: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="531" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/19084949/image-152-1024x531.png" alt="" class="wp-image-501422" style="width:528px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/19084949/image-152-1024x531.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/19084949/image-152-300x155.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/19084949/image-152-768x398.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/19084949/image-152.png 1285w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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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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Bloomin&#39; Brands Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/blmn#NASDAQ">BLMN</a>) is the parent company of a diverse group of restaurants, including Outback Steakhouse, Carrabba&#39;s Italian Grill, Bonefish Grill, and Fleming&#39;s Prime Steakhouse &amp; Wine Bar. I&#39;ll comment on the relevance of that later, but right now, growth is slowing to a crawl, and inflation is taking a bite out of the company&#39;s earnings. &nbsp;
That&#39;s the takeaway from the company&#39;s second-quarter earnings report released on August 6, 2024. The company delivered revenue of $1.12 billion, which was only a slight miss from the $1.13 billion that analysts expected and down a bit more from the $1.15 billion reported in the same quarter in 2023.&nbsp;
The drop in earnings was more pronounced. The 51 cents earnings per share (EPS) missed analysts&#39; expectations by 12%, and the loss was an even more significant 31% drop year-over-year. Additionally, the company&#39;s adjusted operating margin of 5.7% was down from the prior quarter&#39;s 7.8%. The same trend was in place with the restaurant-level operating margin, which fell to 14.3% from 16.4%. &nbsp;
The company competes in the consumer discretionary stocks sector with rivals such as Texas Roadhouse Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/txrh#NASDAQ">TXRH</a>) and Darden Restaurants Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dri#NYSE">DRI</a>). Bloomin&#39; Brands was the last to report earnings; its results were the weakest of the three companies. &nbsp;
At a time when investors and traders are particularly sensitive to any bad news, the report was bound to send BLMN stock lower. As of yesterday&#39;s midday trading, it is down 7%.
<h2>BLMN&#39;s Guidance Was Lower As Well&nbsp;</h2>
It&#39;s important not to get carried away by the headline numbers in an earnings report. They are always backward-looking. However, it&#39;s worth noting that the company lowered both its revenue and earnings outlooks significantly from the prior report. &nbsp;
It&#39;s not surprising to hear that Bloomin&#39; Brands is under pressure. Anecdotal evidence in some markets aside, consumers are pulling back. And that is coming at a time when restaurants continue to deal with wage pressures and other higher input costs.&nbsp;
However, Bloomin&#39; Brands is now projecting comparable restaurant sales to be down 2% to flat. Its full-year EPS outlook is between $2.10 and $2.30, down from $2.51 to $2.66. That range suggests that more than 50% of the company&#39;s earnings are already in for the year. &nbsp;
<h2>Could a Rate Cut Make a Difference for Bloomin&#39; Brands?</h2>
What may be keeping analysts interested in BLMN stock is the Federal Reserve&#39;s near guarantee of a rate cut in September. The company operates a diverse model that appeals to consumers of all income levels, giving each chain a different value proposition. It doesn&#39;t need all consumers to return, just some, particularly in its higher-end markets. &nbsp;
However, economists are warning that even an aggressive Federal Reserve rate-cut campaign is likely not to make a short-term difference, as rate cuts, like rate hikes, take time to work their way through the economy. &nbsp;
That makes it difficult to see a rate cut as a reason to buy BLMN stock, which is trading near its 52-week low. However, heading into the report, analysts had still been bullish on the company. The Bloomin&#39; Brands analysts&#39; forecasts on MarketBeat gave the stock a consensus price target of $26.56, which would be a 56% gain. &nbsp;
Investors should note that it took BLMN stock nearly two years to gain that much from its 2022 low. But if you believe an uptrend is ready to happen, then buying a stock with a 5.64% dividend yield may be a bargain. &nbsp;
The article &quot;<a href="https://www.nasdaq.com/articles/are-lower-interest-rates-right-bet-bloomin-brands-stock">Are Lower Interest Rates the Right Bet on Bloomin&#39; Brands Stock? </a>&quot; first appeared on MarketBeat.

Earnings

Large Cap

Mid Cap

Guidance

Small Cap

Federal Reserve

TXRH

Are Lower Interest Rates the Right Bet on Bloomin' Brands Stock?

Deutsche Bank analyst Lauren Silberman maintains Bloomin Brands (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLMN#NASDAQ">BLMN</a>) with a Hold and lowers the price target from $26 to $19.

Deutsche Bank Maintains Hold on Bloomin Brands, Lowers Price Target to $19

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 $30 to $22.

Barclays Maintains Overweight on Bloomin Brands, Lowers Price Target to $22

Bloomin&#8217; Brands, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLMN#NASDAQ">BLMN</a>) reported downbeat results for the <a href="https://www.benzinga.com/quote/BLMN/earnings">second quarter on Tuesday.</a>
The company reported second-quarter adjusted EPS of 51 cents, missing the analyst consensus of 58 cents. Quarterly sales of $1.12 billion marginally missed the street view of $1.13 billion, decreasing 2.9% Y/Y.
David Deno, CEO said, "While our comparable sales growth outpaced the industry in Q2, we did not meet our expectations. We are very focused on developing a path to sustainable growth at Outback and are making progress in improving the guest experience, providing meaningful value, and enhancing customer and digital capabilities."
Bloomin&#8217; Brands lowered the FY24 adjusted EPS outlook to $2.10-$2.30 (from $2.51-$2.66) vs. the estimate of $2.41 and projects U.S. Comparable Restaurant sales declining 1% to flat (prior view: flat to +2%). The company expects third-quarter U.S. comparable restaurant sales to be down 2% to flat, with adjusted EPS of $0.17-$0.25 (from $0.55-$0.60 prior) versus the estimate of $0.39.
Bloomin&#8217; Brands shares rose 1.4% to trade at $17.21 on Wednesday.
These analysts made changes to their price targets on Bloomin&#8217; Brands following earnings announcement.
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/584fea22ee7bf600019078d3/andrew-strelzik">BMO Capital analyst Andrew Strelzik</a> maintained Bloomin Brands with a Market Perform and lowered the price target from $27 to $20.
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="421" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/07121135/image-40-1024x421.png" alt="" class="wp-image-482244" style="width:552px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/07121135/image-40-1024x421.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/07121135/image-40-300x123.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/07121135/image-40-768x315.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/07121135/image-40-1536x631.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/07121135/image-40.png 1760w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/586f8e4c72b34c0001c9b142/dennis-geiger">UBS analyst Dennis Geiger</a> maintained Bloomin Brands with a Neutral and cut the price target from $26 to $18.
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="393" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/07121243/image-1-19-1024x393.png" alt="" class="wp-image-482248" style="width:472px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/07121243/image-1-19-1024x393.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/07121243/image-1-19-300x115.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/07121243/image-1-19-768x295.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/07121243/image-1-19-1536x590.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/07121243/image-1-19.png 1723w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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Bloomin' Brands Analysts Slash Their Forecasts After Downbeat Earnings

UBS analyst Dennis Geiger 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 $26 to $18.

UBS Maintains Neutral on Bloomin Brands, Lowers Price Target to $18

BMO Capital analyst Andrew Strelzik maintains Bloomin Brands (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLMN#NASDAQ">BLMN</a>) with a Market Perform and lowers the price target from $27 to $20.

BMO Capital Maintains Market Perform on Bloomin Brands, Lowers Price Target to $20

Bloomin' Brands, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLMN#NASDAQ">BLMN</a>) shares are trading lower after the company reported second-quarter adjusted EPS of $0.51, <a href="https://www.benzinga.com/pressreleases/24/08/b40183024/bloomin-brands-announces-2024-q2-financial-results" target="_blank" rel="noreferrer noopener">missing the analyst consensus of $0.58</a>.
Quarterly sales of&nbsp;$1.12 billion&nbsp;marginally missed the street view of&nbsp;$1.13 billion,&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">decreasing&nbsp;2.9%&nbsp;Y/Y.</a>
Quarterly results were affected by lower comparable restaurant sales, the net impact of restaurant closures and openings, and the benefit from the Brazil value added tax exemptions during 2023.
Adjusted operating margin contracted to&nbsp;5.7%&nbsp;from&nbsp;7.8%, and restaurant-level operating margin decreased to&nbsp;14.3%&nbsp;from&nbsp;16.4%.
Dividend: On July 23, 2024, the Board of Directors declared a quarterly cash dividend of $0.24 per share, payable on Sept. 4, 2024, to stockholders of record as of Aug. 20, 2024.
Buyback: Year-to-date through Aug. 2, 2024, the company repurchased 9.9 million shares for $263.1 million and has $99.4 million remaining under the 2024 Share Repurchase Program.
Outlook:&nbsp;Bloomin' Brands lowered the FY24&nbsp;adjusted EPS&nbsp;outlook&nbsp;to $2.10-$2.30&nbsp;(from $2.51-$2.66)&nbsp;vs. the estimate of&nbsp;$2.41 and projects U.S. Comparable Restaurant sales declining&nbsp;1%&nbsp;to flat <a target="_blank" href="https://www.benzinga.com//node/38674768" rel="noreferrer noopener">(prior view: flat to&nbsp;+2%)</a>.
The company expects&nbsp;third-quarter&nbsp;U.S. comparable restaurant sales to be down 2% to flat, with adjusted EPS of&nbsp;$0.17-$0.25 (from <a href="https://www.benzinga.com/calendars/guidance" target="_blank" rel="noreferrer noopener">$0.55-$0.60 prior)&nbsp;versus the estimate of&nbsp;$0.39.</a>
David Deno, CEO said, &#8220;While our comparable sales growth outpaced the industry in Q2, we did not meet our expectations. We are very focused on developing a path to sustainable growth at Outback and are making progress in improving the guest experience, providing meaningful value, and enhancing customer and digital capabilities.&#8221;
&#8220;Our full year guidance has been updated to reflect current industry trends and our teams remain focused on delivering long-term sustainable growth.&#8221;
Investors can gain exposure to the stock via LeaderShares Activist Leaders ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACTV#NYSE">ACTV</a>) and Series Portfolios Trust InfraCap Small Cap Income ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCAP#NYSE">SCAP</a>).
Price Action: BLMN stock is down 2.68% at $17.80 premarket at the last check Tuesday.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image created using artificial intelligence via Midjourney.

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Bloomin' Brands Misses Q2 Earnings Estimates On Weak Comps, Cuts Outlook

Bloomin' Brands Projects Q3 Adjusted EPS Of $0.17-$0.25 Vs. $0.39 Estimate; Expects U.S. Comparable Restaurant Sales Down 2% To Flat

Bloomin' Brands Lowers FY24 Outlook: Sees EPS Of $2.10-$2.30 Vs. $2.41 Estimate (Prior View: $2.51-$2.66); Projects U.S. Comparable Restaurant Sales Down 1% To Flat (Prior View: 	
Flat To +2%)

Bloomin Brands (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLMN#NASDAQ">BLMN</a>) reported quarterly earnings of $0.51 per share which missed the analyst consensus estimate of $0.58 by 12.07 percent. This is a 27.14 percent decrease over earnings of $0.70 per share from the same period last year. The company reported quarterly sales of $1.12 billion which missed the analyst consensus estimate of $1.13 billion by 0.97 percent. This is a 2.95 percent decrease over sales of $1.15 billion the same period last year.

Earnings Misses

Bloomin Brands Q2 Adj $0.51 Misses $0.58 Estimate, Sales $1.12B Miss $1.13B Estimate

In the last three months, 5 analysts have published ratings on Bloomin Brands (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLMN#NASDAQ">BLMN</a>), offering a diverse range of perspectives from bullish to bearish.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
<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;">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;">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;">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;">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;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $25.8, along with a high estimate of $30.00 and a low estimate of $22.00. This current average has decreased by 9.79% from the previous average price target of $28.60. 
<img src="https://www.benzinga.com/files/images/story/2024/1721156480_0.png" alt="price target chart" />
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
In examining recent analyst actions, we gain insights into how financial experts perceive Bloomin Brands. The following summary 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>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>
<tr>
<td>Jeffrey Bernstein</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$30.00</td>
<td>$32.00</td>
</tr>
<tr>
<td>Andrew Strelzik</td>
<td>BMO Capital</td>
<td>Lowers</td>
<td>Market Perform</td>
<td>$27.00</td>
<td>$29.00</td>
</tr>
<tr>
<td>Dennis Geiger</td>
<td>UBS</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$26.00</td>
<td>$30.00</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: Analysts predict movements in price targets, offering estimates for Bloomin Brands's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
For valuable insights into Bloomin Brands's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent 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>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 Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
Decline in Revenue: Over the 3 months period, Bloomin Brands faced challenges, resulting in a decline of approximately -3.97% in revenue growth as of 31 March, 2024. This signifies a reduction 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 lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of -7.02%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Bloomin Brands's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of -23.57%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): Bloomin Brands's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of -2.46%, the company may face hurdles in achieving optimal financial returns.
Debt Management: The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of 7.47, caution is advised due to increased financial risk.
<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.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

The Latest Analyst Ratings For Bloomin Brands

Morgan Stanley analyst John Glass maintains Bloomin Brands (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLMN#NASDAQ">BLMN</a>) with a Equal-Weight and lowers the price target from $26 to $22.

Morgan Stanley Maintains Equal-Weight on Bloomin Brands, Lowers Price Target to $22

The most oversold stocks in the consumer discretionary sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the <a href="https://www.benzinga.com/topic/rsi">RSI is below 30</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>.
Here's the latest list of major oversold players in this sector, having an RSI near or below 30.
<h3 class="wp-block-heading">Toyota Motor Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TM#NYSE">TM</a>)</h3>
<ul>
<li>The U.S. National Highway Traffic Safety Administration said on June 4 that Japanese automaker Toyota Motor is recalling over 100,000 vehicles in the U.S. over concerns that debris in its engines might cause them to stall and cause loss of driving power. The company's stock fell around 8% over the past month and has a <a href="https://www.benzinga.com/quote/TM">52-week low of $152.78</a>.</li>
<li>RSI Value: 29.77</li>
<li>TM Price Action: Shares of Toyota Motor fell 3.1% to close at $199.35 on Thursday.</li>
<li>Benzinga Pro's real-time newsfeed alerted to <a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent061424&amp;t=be2bearmibe3na1">latest Toyota&#8217;s news</a>.</li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://pro.benzinga.com/dashboard"><img loading="lazy" decoding="async" width="678" height="743" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/14045023/Screenshot-2024-06-14-at-2.20.18-PM.png" alt="" class="wp-image-388399" style="width:475px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/14045023/Screenshot-2024-06-14-at-2.20.18-PM.png 678w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/14045023/Screenshot-2024-06-14-at-2.20.18-PM-274x300.png 274w" sizes="(max-width: 678px) 100vw, 678px" /></a></figure>
<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>On May 7, Bloomin' Brands reported first-quarter adjusted earnings per share of 70 cents, missing the analyst consensus of 74 cents. "We have completed all restaurant closures under the 2023 Closure Initiative and incurred severance and closure charges of $13.0 million during Q1 2024," the company said. The company's stock fell around 20% over the past month. It <a href="https://www.benzinga.com/quote/BLMN">has a 52-week low</a> of $18.81.</li>
<li>RSI Value: 22.875</li>
<li>BLMN Price Action: Shares of Bloomin&#8217; Brands fell 0.3% to close at $19.38 on Thursday.</li>
<li><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent061424&amp;t=be2bearmibe3na1">Benzinga Pro's charting tool</a> helped identify the trend in BLMN&#8217;s stock.</li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://pro.benzinga.com/dashboard"><img loading="lazy" decoding="async" width="689" height="749" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/14045112/Screenshot-2024-06-14-at-2.21.07-PM.png" alt="" class="wp-image-388404" style="width:500px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/14045112/Screenshot-2024-06-14-at-2.21.07-PM.png 689w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/14045112/Screenshot-2024-06-14-at-2.21.07-PM-276x300.png 276w" sizes="(max-width: 689px) 100vw, 689px" /></a></figure>
<h3 class="wp-block-heading">Five Below Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIVE#NASDAQ">FIVE</a>)</h3>
<ul>
<li>On June 5, Five Below reported worse-than-expected first-quarter earnings and lowered its guidance. &#8220;While our first quarter sales were disappointing, disciplined cost management enabled us to deliver adjusted EPS within our earnings outlook. Needs-based items such as those in our Candy, Food and Beauty departments outperformed expectations and drove positive sales results. We also saw positive comparable sales from our higher income customers; however, the macro environment disproportionately impacted our core lower income customers, resulting in overall comparable sales declines,&#8221; said Joel Anderson, President and CEO of Five Below. The company's stock fell around 20% over the past month and has a 52-week<a href="https://www.benzinga.com/quote/FIVE">low of $106.21</a>.</li>
<li>RSI Value: 28.09</li>
<li>FIVE Price Action: Shares of Five Below fell 2.4% to close at $113.75 on Thursday.</li>
<li>Benzinga Pro's signals feature notified of a potential <a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent061424&amp;t=be2bearmibe3na1">breakout in Five Below&#8217;s shares</a>.</li>
</ul>
<figure class="wp-block-image size-full is-resized"><img loading="lazy" decoding="async" width="657" height="751" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/14045243/Screenshot-2024-06-14-at-2.22.38-PM.png" alt="" class="wp-image-388406" style="width:448px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/14045243/Screenshot-2024-06-14-at-2.22.38-PM.png 657w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/14045243/Screenshot-2024-06-14-at-2.22.38-PM-262x300.png 262w" sizes="(max-width: 657px) 100vw, 657px" /></figure>
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