Bloomin' Brands (BLMN) Stock Forecast, Price Target & Predictions
BLMN Stock Forecast
Bloomin' Brands stock forecast is as follows: an average price target of $25.50 (represents a 52.33% upside from BLMN’s last price of $16.74) and a rating consensus of 'Hold', based on 10 wall street analysts offering a 1-year stock forecast.
BLMN Price Target
The average price target for Bloomin' Brands (BLMN) is $25.50 based on 1-year price targets from 10 Wall Street analysts in the past 3 months, with a price target range of $33.00 to $20.00. This represents a potential 52.33% upside from BLMN's last price of $16.74.
BLMN Analyst Ratings
According to 10 Wall Street analysts, Bloomin' Brands's rating consensus is 'Hold'. The analyst rating breakdown for BLMN stock is 0 'Strong Buy' (0.00%), 4 'Buy' (40.00%), 6 'Hold' (60.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Bloomin' Brands Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Aug 27, 2024 | Andy Barish | Jefferies | $28.00 | $17.37 | 61.20% | 67.26% |
| Aug 16, 2024 | Jon Tower | Citigroup | $20.00 | $17.27 | 15.81% | 19.47% |
| Aug 07, 2024 | Andrew Strelzik | BMO Capital | $20.00 | $16.98 | 17.79% | 19.47% |
| May 07, 2024 | Andy Barish | Jefferies | $33.00 | $23.96 | 37.73% | 97.13% |
| Nov 08, 2023 | Andrew Strelzik | Loop Capital Markets | $24.00 | $22.77 | 5.40% | 43.37% |
| Aug 08, 2022 | Brian Mullan | Deutsche Bank | $28.00 | $20.42 | 37.12% | 67.26% |
| Jun 01, 2021 | John Ivankoe | J.P. Morgan | $33.00 | $29.02 | 13.71% | 97.13% |
The latest Bloomin' Brands stock forecast, released on Aug 27, 2024 by Andy Barish from Jefferies, set a price target of $28.00, which represents a 61.20% increase from the stock price at the time of the forecast ($17.37), and a 67.26% increase from BLMN last price ($16.74).
Bloomin' Brands Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 2 | 3 | 5 |
| Avg Price Target | $24.00 | $22.67 | $25.00 |
| Last Closing Price | $16.74 | $16.74 | $16.74 |
| Upside/Downside | 43.37% | 35.42% | 49.34% |
In the current month, the average price target of Bloomin' Brands stock is $24.00, according to 2 Wall Street analysts offering twelve months forecast. The average price target represents a 43.37% increase as opposed to Bloomin' Brands's last price of $16.74. This month's average price target is up 5.87% compared to last quarter, and down -4.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Aug 27, 2024 | Jefferies | Buy | Buy | Hold |
| Aug 16, 2024 | Citigroup | Neutral | Neutral | Hold |
| Aug 07, 2024 | UBS | Neutral | Neutral | Hold |
| Aug 07, 2024 | BMO Capital | Market Perform | Market Perform | Hold |
| Jun 05, 2024 | J.P. Morgan | Neutral | Neutral | Hold |
| Jun 05, 2024 | UBS | Neutral | Neutral | Hold |
| May 07, 2024 | Jefferies | Buy | Buy | Hold |
| Feb 26, 2024 | Bernstein | Overweight | Overweight | Hold |
| Feb 26, 2024 | BMO Capital | Market Perform | Market Perform | Hold |
| Nov 08, 2023 | BMO Capital | Perform | Perform | Hold |
Bloomin' Brands's last stock rating was published by Jefferies on Aug 27, 2024. The company gave BLMN a "Buy" rating, the same as its previous rate.
Bloomin' Brands Financial Forecast
Bloomin' Brands Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | $1.19B | $1.08B | $1.15B | $1.24B | $1.10B | $1.06B | - | $1.14B | $1.05B | $1.01B | $1.08B | $987.47M | $812.50M | $771.26M | $578.46M | $1.01B | $1.02B | $967.14M |
| Avg Forecast | $1.17B | $1.10B | $1.18B | $1.24B | $1.15B | $1.08B | $1.15B | $1.22B | $1.11B | $1.05B | $1.13B | $1.20B | $1.20B | $1.08B | $1.15B | $1.22B | $1.12B | $1.05B | $1.11B | $1.13B | $1.04B | $1.04B | $1.05B | $954.40M | $864.61M | $752.83M | $592.13M | $1.01B | $1.03B | $966.34M |
| High Forecast | $1.19B | $1.12B | $1.19B | $1.26B | $1.17B | $1.10B | $1.17B | $1.23B | $1.13B | $1.06B | $1.14B | $1.21B | $1.22B | $1.10B | $1.16B | $1.23B | $1.14B | $1.07B | $1.11B | $1.15B | $1.05B | $1.06B | $1.07B | $971.51M | $880.12M | $766.33M | $602.74M | $1.03B | $1.05B | $983.66M |
| Low Forecast | $1.15B | $1.08B | $1.16B | $1.22B | $1.13B | $1.06B | $1.13B | $1.19B | $1.10B | $1.04B | $1.11B | $1.18B | $1.17B | $1.06B | $1.13B | $1.20B | $1.10B | $1.03B | $1.11B | $1.12B | $1.02B | $1.03B | $1.03B | $943.49M | $854.73M | $744.22M | $585.36M | $995.72M | $1.02B | $955.29M |
| # Analysts | 5 | 4 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 8 | 5 | 4 | 9 | 4 | 6 | 4 | 3 | 7 | 5 | 3 | 4 | 8 | 5 | 16 | 11 | 8 | 8 | 12 | 7 | 12 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.00% | 1.00% | 1.00% | 1.02% | 0.98% | 1.00% | - | 1.01% | 1.01% | 0.97% | 1.03% | 1.03% | 0.94% | 1.02% | 0.98% | 1.00% | 0.99% | 1.00% |
Bloomin' Brands's average Quarter revenue forecast for Mar 24 based on 4 analysts is $1.20B, with a low forecast of $1.18B, and a high forecast of $1.21B. BLMN's average Quarter revenue forecast represents a 0.13% increase compared to the company's last Quarter revenue of $1.19B (Dec 23).
Bloomin' Brands EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 5 | 4 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 8 | 5 | 4 | 9 | 4 | 6 | 4 | 3 | 7 | 5 | 3 | 4 | 8 | 5 | 16 | 11 | 8 | 8 | 12 | 7 | 12 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | $139.28M | $79.63M | $109.36M | $170.26M | $130.39M | $95.55M | - | $150.87M | $116.81M | $54.07M | $160.76M | $131.31M | $35.86M | $29.30M | $-65.61M | $-17.71M | $66.77M | $43.26M |
| Avg Forecast | $110.72M | $104.12M | $111.05M | $117.29M | $108.62M | $102.11M | $108.86M | $114.67M | $105.20M | $98.74M | $106.26M | $180.09M | $112.99M | $102.10M | $108.37M | $163.72M | $105.66M | $59.47M | $104.32M | $148.83M | $98.84M | $54.07M | $127.17M | $121.14M | $129.10M | $43.16M | $-87.87M | $-23.02M | $72.49M | $43.26M |
| High Forecast | $112.27M | $105.58M | $112.60M | $118.93M | $110.14M | $103.54M | $110.38M | $116.27M | $106.67M | $99.68M | $107.75M | $216.10M | $114.87M | $103.53M | $109.88M | $196.46M | $107.13M | $71.37M | $104.32M | $178.60M | $118.60M | $64.88M | $152.60M | $145.37M | $154.92M | $51.79M | $-70.30M | $-18.41M | $86.99M | $51.91M |
| Low Forecast | $108.86M | $102.37M | $109.18M | $115.32M | $106.79M | $100.40M | $107.03M | $112.74M | $103.43M | $97.80M | $104.48M | $144.07M | $110.16M | $100.39M | $106.55M | $130.97M | $103.88M | $47.58M | $104.32M | $119.07M | $79.07M | $43.25M | $101.74M | $96.91M | $103.28M | $34.53M | $-105.45M | $-27.62M | $57.99M | $34.61M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.23% | 0.78% | 1.01% | 1.04% | 1.23% | 1.61% | - | 1.01% | 1.18% | 1.00% | 1.26% | 1.08% | 0.28% | 0.68% | 0.75% | 0.77% | 0.92% | 1.00% |
4 analysts predict BLMN's average Quarter EBITDA for Mar 24 to be $180.09M, with a high of $216.10M and a low of $144.07M. This is 29.30% upper than Bloomin' Brands's previous annual EBITDA (Dec 23) of $139.28M.
Bloomin' Brands Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 5 | 4 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 8 | 5 | 4 | 9 | 4 | 6 | 4 | 3 | 7 | 5 | 3 | 4 | 8 | 5 | 16 | 11 | 8 | 8 | 12 | 7 | 12 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | $43.27M | $44.53M | $68.28M | $91.31M | $58.05M | $31.99M | - | $75.51M | $63.18M | $3.45M | $82.55M | $68.86M | $-14.21M | $-17.64M | $-92.26M | $-34.61M | $28.00M | $9.25M |
| Avg Forecast | $63.75M | $24.72M | $49.26M | $75.71M | $61.15M | $22.33M | $46.80M | $70.85M | $61.55M | $18.68M | $51.38M | $92.60M | $61.07M | $36.65M | $56.77M | $84.18M | $56.63M | $3.79M | $54.11M | $76.53M | $51.36M | $3.45M | $65.30M | $63.53M | $-51.16M | $-25.97M | $-123.56M | $-44.99M | $30.40M | $9.25M |
| High Forecast | $64.91M | $25.17M | $50.15M | $77.09M | $62.26M | $22.73M | $47.65M | $72.13M | $62.67M | $21.48M | $52.31M | $111.12M | $63.77M | $37.31M | $57.81M | $101.02M | $57.66M | $4.55M | $54.11M | $91.84M | $61.63M | $4.14M | $78.36M | $76.24M | $-40.93M | $-20.78M | $-98.85M | $-36.00M | $36.49M | $11.10M |
| Low Forecast | $62.36M | $24.18M | $48.18M | $74.06M | $59.82M | $21.84M | $45.77M | $69.30M | $60.21M | $16.81M | $50.26M | $74.08M | $57.48M | $35.84M | $55.53M | $67.35M | $55.39M | $3.04M | $54.11M | $61.23M | $41.09M | $2.76M | $52.24M | $50.82M | $-61.39M | $-31.17M | $-148.27M | $-53.99M | $24.32M | $7.40M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.71% | 1.22% | 1.20% | 1.08% | 1.03% | 8.43% | - | 0.99% | 1.23% | 1.00% | 1.26% | 1.08% | 0.28% | 0.68% | 0.75% | 0.77% | 0.92% | 1.00% |
Bloomin' Brands's average Quarter net income forecast for Mar 24 is $92.60M, with a range of $74.08M to $111.12M. BLMN's average Quarter net income forecast represents a 114.01% increase compared to the company's last Quarter net income of $43.27M (Dec 23).
Bloomin' Brands SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 5 | 4 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 8 | 5 | 4 | 9 | 4 | 6 | 4 | 3 | 7 | 5 | 3 | 4 | 8 | 5 | 16 | 11 | 8 | 8 | 12 | 7 | 12 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | $69.06M | $62.25M | $63.36M | $65.80M | $60.74M | $56.09M | - | $58.67M | $63.03M | $58.88M | $66.46M | $57.25M | $56.62M | $57.44M | $55.49M | $730.51M | $666.75M | $645.11M |
| Avg Forecast | $73.96M | $69.55M | $74.18M | $78.35M | $72.56M | $68.21M | $72.72M | $76.60M | $70.27M | $65.96M | $70.98M | $71.95M | $75.48M | $68.21M | $72.39M | $65.41M | $70.58M | $64.77M | $69.69M | $59.47M | $53.33M | $58.88M | $52.57M | $52.81M | $203.85M | $84.60M | $74.31M | $949.67M | $723.90M | $645.11M |
| High Forecast | $75.00M | $70.53M | $75.22M | $79.45M | $73.57M | $69.17M | $73.74M | $77.67M | $71.26M | $66.59M | $71.98M | $86.35M | $76.74M | $69.16M | $73.40M | $78.50M | $71.57M | $77.72M | $69.69M | $71.36M | $64.00M | $70.66M | $63.09M | $63.38M | $244.62M | $101.52M | $89.18M | $1.14B | $868.68M | $774.13M |
| Low Forecast | $72.72M | $68.39M | $72.93M | $77.04M | $71.34M | $67.07M | $71.50M | $75.31M | $69.09M | $65.33M | $69.79M | $57.56M | $73.59M | $67.06M | $71.17M | $52.33M | $69.39M | $51.81M | $69.69M | $47.57M | $42.66M | $47.10M | $42.06M | $42.25M | $163.08M | $67.68M | $59.45M | $759.73M | $579.12M | $516.09M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.91% | 0.91% | 0.88% | 1.01% | 0.86% | 0.87% | - | 0.99% | 1.18% | 1.00% | 1.26% | 1.08% | 0.28% | 0.68% | 0.75% | 0.77% | 0.92% | 1.00% |
Bloomin' Brands's average Quarter SG&A projection for Mar 24 is $71.95M, based on 4 Wall Street analysts, with a range of $57.56M to $86.35M. The forecast indicates a 4.19% rise compared to BLMN last annual SG&A of $69.06M (Dec 23).
Bloomin' Brands EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 5 | 4 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 8 | 5 | 4 | 9 | 4 | 6 | 4 | 3 | 7 | 5 | 3 | 4 | 8 | 5 | 16 | 11 | 8 | 8 | 12 | 7 | 12 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | $0.45 | $0.50 | $0.77 | $1.02 | $0.66 | $0.36 | - | $0.85 | $0.71 | $0.04 | $0.93 | $0.78 | $-0.16 | $-0.20 | $-1.05 | $-0.44 | $0.32 | $0.11 |
| Avg Forecast | $0.72 | $0.28 | $0.56 | $0.85 | $0.69 | $0.25 | $0.53 | $0.80 | $0.69 | $0.21 | $0.58 | $0.74 | $0.69 | $0.41 | $0.64 | $0.89 | $0.64 | $0.34 | $0.62 | $0.74 | $0.52 | $0.54 | $0.67 | $0.33 | $-0.01 | $-0.32 | $-1.14 | $0.33 | $0.35 | $0.10 |
| High Forecast | $0.73 | $0.28 | $0.57 | $0.87 | $0.70 | $0.26 | $0.54 | $0.81 | $0.71 | $0.24 | $0.59 | $0.76 | $0.72 | $0.42 | $0.65 | $0.91 | $0.65 | $0.34 | $0.62 | $0.76 | $0.54 | $0.55 | $0.69 | $0.33 | $-0.01 | $-0.31 | $-1.12 | $0.34 | $0.36 | $0.10 |
| Low Forecast | $0.70 | $0.27 | $0.54 | $0.84 | $0.67 | $0.25 | $0.52 | $0.78 | $0.68 | $0.19 | $0.57 | $0.73 | $0.65 | $0.40 | $0.63 | $0.87 | $0.62 | $0.33 | $0.62 | $0.73 | $0.52 | $0.53 | $0.66 | $0.32 | $-0.01 | $-0.33 | $-1.17 | $0.33 | $0.35 | $0.10 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.65% | 1.21% | 1.20% | 1.14% | 1.03% | 1.07% | - | 1.15% | 1.35% | 0.07% | 1.38% | 2.39% | 13.05% | 0.63% | 0.92% | -1.32% | 0.91% | 1.13% |
According to 4 Wall Street analysts, Bloomin' Brands's projected average Quarter EPS for Mar 24 is $0.74, with a low estimate of $0.73 and a high estimate of $0.76. This represents a 65.20% increase compared to BLMN previous annual EPS of $0.45 (Dec 23).
Bloomin' Brands Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| DIN | Dine Brands Global | $30.44 | $62.63 | 105.75% | Buy |
| DENN | Denny's | $6.37 | $11.75 | 84.46% | Hold |
| JACK | Jack in the Box | $44.41 | $77.50 | 74.51% | Buy |
| BLMN | Bloomin' Brands | $16.74 | $25.50 | 52.33% | Hold |
| BJRI | BJ's Restaurants | $30.99 | $39.60 | 27.78% | Buy |
| CAKE | Cheesecake Factory | $37.37 | $40.77 | 9.10% | Buy |
| CHUY | Chuy's | $37.32 | $39.25 | 5.17% | Hold |
| EAT | Brinker | $70.39 | $55.30 | -21.44% | Hold |
BLMN Forecast FAQ
Is Bloomin' Brands a good buy?
No, according to 10 Wall Street analysts, Bloomin' Brands (BLMN) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 4 'Buy' recommendations, accounting for 40.00% of BLMN's total ratings.
What is BLMN's price target?
Bloomin' Brands (BLMN) average price target is $25.5 with a range of $20 to $33, implying a 52.33% from its last price of $16.74. The data is based on 10 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Bloomin' Brands stock go up soon?
According to Wall Street analysts' prediction for BLMN stock, the company can go up by 52.33% (from the last price of $16.74 to the average price target of $25.5), up by 97.13% based on the highest stock price target, and up by 19.47% based on the lowest stock price target.
Can Bloomin' Brands stock reach $30?
BLMN's highest twelve months analyst stock price target of $33 supports the claim that Bloomin' Brands can reach $30 in the near future.
What is Bloomin' Brands's current price target trend?
2 Wall Street analysts forecast a $24 price target for Bloomin' Brands (BLMN) this month, up 43.37% from its last price of $16.74. Compared to the last 3 and 12 months, the average price target increased by 35.42% and increased by 49.34%, respectively.
What are Bloomin' Brands's analysts' financial forecasts?
Bloomin' Brands's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $4.6B (high $4.67B, low $4.52B), average EBITDA is $434.26M (high $440.33M, low $426.96M), average net income is $201.12M (high $204.78M, low $196.72M), average SG&A $290.09M (high $294.15M, low $285.21M), and average EPS is $2.27 (high $2.31, low $2.22). BLMN's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $4.7B (high $4.76B, low $4.62B), average EBITDA is $443.18M (high $449.38M, low $435.73M), average net income is $213.44M (high $217.32M, low $208.77M), average SG&A $296.05M (high $300.19M, low $291.07M), and average EPS is $2.41 (high $2.45, low $2.36).
Did the BLMN's actual financial results beat the analysts' financial forecasts?
Based on Bloomin' Brands's last annual report (Dec 2023), the company's revenue was $4.67B, beating the average analysts forecast of $4.64B by 0.61%. Apple's EBITDA was $547.87M, beating the average prediction of $487.18M by 12.46%. The company's net income was $247.39M, beating the average estimation of $238.68M by 3.65%. Apple's SG&A was $260.47M, missing the average forecast of $281.49M by -7.47%. Lastly, the company's EPS was $2.56, missing the average prediction of $2.63 by -2.81%. In terms of the last quarterly report (Dec 2023), Bloomin' Brands's revenue was $1.19B, missing the average analysts' forecast of $1.2B by -0.26%. The company's EBITDA was $139.28M, beating the average prediction of $112.99M by 23.27%. Bloomin' Brands's net income was $43.27M, missing the average estimation of $61.07M by -29.15%. The company's SG&A was $69.06M, missing the average forecast of $75.48M by -8.50%. Lastly, the company's EPS was $0.45, missing the average prediction of $0.689 by -34.69%