How The Parts Add Up: XSVM Targets $61
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 02 2024
0mins
Source: NASDAQ.COM
- Analyst Target Prices for ETFs: Analysts have compared the trading prices of ETF holdings against 12-month forward target prices to determine implied analyst target prices for ETFs like XSVM.
- XSVM ETF Analysis: The Invesco S&P SmallCap Value with Momentum ETF (XSVM) has an implied analyst target price of $61.25 per unit, indicating a 14.31% upside from its recent trading price of $53.58 per unit.
- Underlying Holdings Upside: Three of XSVM's underlying holdings - Liberty Energy Inc (LBRT), Bloomin' Brands Inc (BLMN), and Wabash National Corp (WNC) - show notable upside potential according to average analyst target prices.
- Stock Performance Comparison: LBRT, BLMN, and WNC have shown positive stock performance trends, with analyst target prices suggesting further growth.
- Investor Considerations: Questions arise about whether analysts are justified in their targets or if they are overly optimistic, highlighting the need for further investor research before making decisions.
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Analyst Views on BLMN
Wall Street analysts forecast BLMN stock price to rise
6 Analyst Rating
2 Buy
3 Hold
1 Sell
Hold
Current: 7.750
Low
6.00
Averages
8.00
High
11.00
Current: 7.750
Low
6.00
Averages
8.00
High
11.00
About BLMN
Bloomin Brands, Inc. is a casual dining restaurant company. Its restaurant portfolio includes Outback Steakhouse, Carrabbas Italian Grill, BonefishGrill, and Flemings Prime Steakhouse & Wine Bar. The Company’s segment includes U.S. and International Franchise. Outback Steakhouse is a casual steakhouse restaurant concept focused on steaks, bold flavors and Australian decor. Carrabbas Italian Grill offers authentic Italian cuisine passed down from its founder's family recipes. Bonefish Grill specializes in fish from around the world, hand-cut in-house every day, savory wood-grilled specialties, and locally created seasonal partner selection dishes. Flemings Prime Steakhouse & Wine Bar is a contemporary interpretation of the classic American steakhouse, with culinary mastery, signature style and attentive service to create dining experiences for guests. The Company owns and operates 967 restaurants and franchised 493 restaurants across 46 states, Guam and 12 countries.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Q1 Earnings Highlights for Sit-Down Dining Stocks
- Bloomin' Brands Performance: Bloomin' Brands reported revenues of $1.06 billion, flat year-on-year, exceeding analysts' expectations by 1.6%; despite the slowest revenue growth in the group, the stock has risen 38.2% since the earnings report, indicating market confidence in its future prospects.
- Kura Sushi's Strong Results: Kura Sushi achieved revenues of $80.02 million, up 23.3% year-on-year, outperforming analysts' expectations by 2.5%; although its stock has fallen 23.5% since reporting, it recorded the fastest revenue growth and highest full-year guidance increase among peers.
- Brinker International's Mixed Quarter: Brinker International reported revenues of $1.47 billion, up 3.2% year-on-year, in line with analysts' expectations; despite a slight EBITDA beat, it delivered the weakest performance in the group, with a 1.2% stock increase reflecting cautious market sentiment.
- First Watch's Robust Growth: First Watch reported revenues of $331 million, up 17.3% year-on-year, meeting analysts' expectations, and exceeded EBITDA and same-store sales estimates; despite a 9.7% stock decline, its stable performance highlights its competitive position in the market.
See More
Restaurant Chains Face Sales Slowdown Due to Rising Gas Prices
- Gas Price Impact: The U.S. conflict with Iran has driven gas prices above $4.50 per gallon, resulting in a record low for consumer sentiment, with 43% of surveyed drivers cutting back on dining out and takeout, directly affecting restaurant sales performance.
- Industry Traffic Decline: According to Black Box Intelligence, restaurant traffic fell 2.3% in March compared to the previous year, indicating that consumers are opting for lower-cost dining options in a high gas price environment, posing ongoing risks for many restaurant chains.
- Applebee's Strategy: To attract budget-conscious consumers, Applebee's is accelerating its rollout of an All-You-Can-Eat special priced at $15.99, aiming to boost traffic and enhance its competitive position in the market amidst rising costs.
- Market Share Shifts: Despite the overall decline in restaurant spending, brands like Chili's and Burger King have seen market share gains, with Chili's CEO noting that strong brands will become stronger, reflecting the dynamic changes in the market under economic pressure.
See More
Restaurant Sales Slow as Gas Prices Rise
- Sales Slowdown: According to Black Box Intelligence, restaurant traffic fell 2.3% in March compared to the previous year, primarily due to rising gas prices, which have led consumers, especially low-income groups, to cut back on dining out.
- Applebee's Strategy: To attract budget-conscious diners, Applebee's is accelerating its rollout of an All-You-Can-Eat special for $15.99, aiming to boost traffic and enhance its competitive position in the market amid rising costs.
- Market Share Competition: Some restaurant CEOs see the rise in gas prices as an opportunity to capture market share from weaker competitors, with Chili's CEO noting an acceleration in their market share as overall restaurant spending declines.
- Diverse Fast-Food Performance: Despite the overall sales slowdown, McDonald's reported a 3.7% same-store sales growth in Q1, driven by increased spending from higher-income consumers, while Burger King achieved a 5.8% growth, highlighting significant performance disparities among brands.
See More
Insider at Bloomin' Brands (BLMN.US) Plans to Sell $30.86 Million in Common Stock via Form 144
Stock Offering Announcement: Insider Starboard Value LP plans to sell 3.8 million shares of its common stock on May 8.
Market Value: The total market value of the shares being sold is approximately $30.86 million.
See More
Bloomin' Brands Q1 2026 Earnings Call Insights
- Revenue Growth: Bloomin' Brands reported Q1 total revenues of $1.06 billion, reflecting a 1% year-over-year increase despite facing 4.6% commodity inflation and 3.1% labor inflation, showcasing the company's resilience in adversity.
- Brand Performance: Outback's comparable sales fell by 30 basis points with traffic down 240 basis points, while Carrabba’s and Bonefish saw increases of 130 and 610 basis points respectively, indicating significant performance disparities among brands that necessitate a stronger overall strategy.
- Service Model Innovation: The company launched a new service model in April, planning for each server to manage four tables during peak times, aimed at enhancing customer experience and improving service efficiency, which is expected to positively impact future performance.
- Future Outlook: Management expects Q2 U.S. comparable restaurant sales to grow between 1% and 2%, with adjusted earnings per share projected between $0.27 and $0.32, reflecting a cautiously optimistic view on future growth.
See More
Bloomin' Brands Surpasses Q1 Earnings Expectations
- Sales Growth: Bloomin' Brands reported a 0.9% increase in comparable sales for Q1, driven by a 6.1% rise at Bonefish Grill and a 1.3% increase at Carrabba's Italian Grill, effectively offsetting a 0.3% decline at Outback Steakhouse, showcasing brand differentiation.
- Margin Improvement: The restaurant-level operating margin increased by 10 basis points year-over-year to 14.0%, primarily due to higher average checks, cost-saving measures, and productivity initiatives, although inflationary pressures on commodity, operating, and labor costs partially offset these gains.
- Earnings Beat: Operating income reached $59.1 million, surpassing the consensus estimate of $56.7 million, while non-GAAP EPS of $0.67 exceeded expectations of $0.57, indicating ongoing improvements in profitability.
- Outlook Confirmation: Bloomin' Brands reaffirmed its full-year guidance for comparable restaurant sales growth of 1% to 2% and adjusted EPS between $0.27 and $0.32, reflecting confidence in future growth prospects.
See More
Q1 Earnings Highlights for Sit-Down Dining Stocks
- Bloomin' Brands Performance: Bloomin' Brands reported revenues of $1.06 billion, flat year-on-year, exceeding analysts' expectations by 1.6%; despite the slowest revenue growth in the group, the stock has risen 38.2% since the earnings report, indicating market confidence in its future prospects.
- Kura Sushi's Strong Results: Kura Sushi achieved revenues of $80.02 million, up 23.3% year-on-year, outperforming analysts' expectations by 2.5%; although its stock has fallen 23.5% since reporting, it recorded the fastest revenue growth and highest full-year guidance increase among peers.
- Brinker International's Mixed Quarter: Brinker International reported revenues of $1.47 billion, up 3.2% year-on-year, in line with analysts' expectations; despite a slight EBITDA beat, it delivered the weakest performance in the group, with a 1.2% stock increase reflecting cautious market sentiment.
- First Watch's Robust Growth: First Watch reported revenues of $331 million, up 17.3% year-on-year, meeting analysts' expectations, and exceeded EBITDA and same-store sales estimates; despite a 9.7% stock decline, its stable performance highlights its competitive position in the market.
See More
Restaurant Chains Face Sales Slowdown Due to Rising Gas Prices
- Gas Price Impact: The U.S. conflict with Iran has driven gas prices above $4.50 per gallon, resulting in a record low for consumer sentiment, with 43% of surveyed drivers cutting back on dining out and takeout, directly affecting restaurant sales performance.
- Industry Traffic Decline: According to Black Box Intelligence, restaurant traffic fell 2.3% in March compared to the previous year, indicating that consumers are opting for lower-cost dining options in a high gas price environment, posing ongoing risks for many restaurant chains.
- Applebee's Strategy: To attract budget-conscious consumers, Applebee's is accelerating its rollout of an All-You-Can-Eat special priced at $15.99, aiming to boost traffic and enhance its competitive position in the market amidst rising costs.
- Market Share Shifts: Despite the overall decline in restaurant spending, brands like Chili's and Burger King have seen market share gains, with Chili's CEO noting that strong brands will become stronger, reflecting the dynamic changes in the market under economic pressure.
See More
Restaurant Sales Slow as Gas Prices Rise
- Sales Slowdown: According to Black Box Intelligence, restaurant traffic fell 2.3% in March compared to the previous year, primarily due to rising gas prices, which have led consumers, especially low-income groups, to cut back on dining out.
- Applebee's Strategy: To attract budget-conscious diners, Applebee's is accelerating its rollout of an All-You-Can-Eat special for $15.99, aiming to boost traffic and enhance its competitive position in the market amid rising costs.
- Market Share Competition: Some restaurant CEOs see the rise in gas prices as an opportunity to capture market share from weaker competitors, with Chili's CEO noting an acceleration in their market share as overall restaurant spending declines.
- Diverse Fast-Food Performance: Despite the overall sales slowdown, McDonald's reported a 3.7% same-store sales growth in Q1, driven by increased spending from higher-income consumers, while Burger King achieved a 5.8% growth, highlighting significant performance disparities among brands.
See More
Insider at Bloomin' Brands (BLMN.US) Plans to Sell $30.86 Million in Common Stock via Form 144
Stock Offering Announcement: Insider Starboard Value LP plans to sell 3.8 million shares of its common stock on May 8.
Market Value: The total market value of the shares being sold is approximately $30.86 million.
See More
Bloomin' Brands Q1 2026 Earnings Call Insights
- Revenue Growth: Bloomin' Brands reported Q1 total revenues of $1.06 billion, reflecting a 1% year-over-year increase despite facing 4.6% commodity inflation and 3.1% labor inflation, showcasing the company's resilience in adversity.
- Brand Performance: Outback's comparable sales fell by 30 basis points with traffic down 240 basis points, while Carrabba’s and Bonefish saw increases of 130 and 610 basis points respectively, indicating significant performance disparities among brands that necessitate a stronger overall strategy.
- Service Model Innovation: The company launched a new service model in April, planning for each server to manage four tables during peak times, aimed at enhancing customer experience and improving service efficiency, which is expected to positively impact future performance.
- Future Outlook: Management expects Q2 U.S. comparable restaurant sales to grow between 1% and 2%, with adjusted earnings per share projected between $0.27 and $0.32, reflecting a cautiously optimistic view on future growth.
See More
Bloomin' Brands Surpasses Q1 Earnings Expectations
- Sales Growth: Bloomin' Brands reported a 0.9% increase in comparable sales for Q1, driven by a 6.1% rise at Bonefish Grill and a 1.3% increase at Carrabba's Italian Grill, effectively offsetting a 0.3% decline at Outback Steakhouse, showcasing brand differentiation.
- Margin Improvement: The restaurant-level operating margin increased by 10 basis points year-over-year to 14.0%, primarily due to higher average checks, cost-saving measures, and productivity initiatives, although inflationary pressures on commodity, operating, and labor costs partially offset these gains.
- Earnings Beat: Operating income reached $59.1 million, surpassing the consensus estimate of $56.7 million, while non-GAAP EPS of $0.67 exceeded expectations of $0.57, indicating ongoing improvements in profitability.
- Outlook Confirmation: Bloomin' Brands reaffirmed its full-year guidance for comparable restaurant sales growth of 1% to 2% and adjusted EPS between $0.27 and $0.32, reflecting confidence in future growth prospects.
See More
