Bloomin' Brands (BLMN) Stock Forecast & Price Target

Bloomin Brands Inc. has demonstrated a positive financial performance with notable growth in its brands, specifically Carrabba's and Fleming's, which posted comp increases of 3.9% and 3.8%, respectively, surpassing consensus expectations significantly. The company reported a 2Q25 EPS of $0.33, exceeding consensus by $0.05, driven by modest comparable sales growth and favorable tax conditions that helped mitigate lower restaurant margins. Overall, the combination of strong brand performance and better-than-expected earnings points to a favorable outlook for Bloomin Brands in the casual dining sector.

Bloomin Brands Inc. has reported significant challenges, including a 10% decline in customer traffic over a three-year period, which has adversely affected its comparable store sales (comps). The company has recently lowered its 2025 earnings per share (EPS) guidance by approximately 20% to a range of $1.00 to $1.10, which is below the consensus estimate of $1.23, marking the second such reduction in four quarters. Furthermore, Bloomin Brands anticipates a lackluster performance for the third quarter, forecasting comps to be between -1% and flat, while projecting an EPS in the range of -$0.15 to -$0.10, which significantly underperforms the consensus expectation of a positive EPS of $0.05.