Brokerages Set Bloomin’ Brands, Inc. (NASDAQ:BLMN) Target Price at $8.53

Shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) have received an average rating of “Reduce” from the eight analysts that are covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating and six have issued a hold rating on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $8.5312.

BLMN has been the subject of a number of recent research reports. Wall Street Zen lowered shares of Bloomin’ Brands from a “buy” rating to a “hold” rating in a report on Saturday, June 6th. JPMorgan Chase & Co. downgraded Bloomin’ Brands from a “neutral” rating to an “underweight” rating and set a $6.00 target price for the company. in a research report on Friday, April 24th. UBS Group boosted their price target on Bloomin’ Brands from $6.00 to $9.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Weiss Ratings upgraded shares of Bloomin’ Brands from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, June 15th. Finally, Citigroup cut their price target on Bloomin’ Brands from $9.50 to $8.75 and set a “neutral” rating on the stock in a report on Friday, July 24th.

Hedge Funds Weigh In On Bloomin’ Brands

Hedge funds have recently modified their holdings of the stock. Arrowstreet Capital Limited Partnership increased its position in shares of Bloomin’ Brands by 79.9% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,908,998 shares of the restaurant operator’s stock valued at $21,109,000 after acquiring an additional 1,736,001 shares during the period. Millennium Management LLC lifted its holdings in Bloomin’ Brands by 123.1% in the first quarter. Millennium Management LLC now owns 2,299,778 shares of the restaurant operator’s stock valued at $16,489,000 after acquiring an additional 1,268,988 shares during the period. Federated Hermes Inc. lifted its stake in shares of Bloomin’ Brands by 115.9% in the 4th quarter. Federated Hermes Inc. now owns 2,064,940 shares of the restaurant operator’s stock valued at $12,741,000 after purchasing an additional 1,108,500 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Bloomin’ Brands by 84.9% during the first quarter. Dimensional Fund Advisors LP now owns 2,208,122 shares of the restaurant operator’s stock worth $11,924,000 after buying an additional 1,013,953 shares in the last quarter. Finally, Broad Bay Capital Management LP purchased a new stake in Bloomin’ Brands during the fourth quarter worth $6,031,000.

Bloomin’ Brands Price Performance

NASDAQ BLMN opened at $8.66 on Friday. The company has a current ratio of 0.26, a quick ratio of 0.19 and a debt-to-equity ratio of 1.89. The stock’s 50 day moving average is $8.21 and its 200 day moving average is $7.12. Bloomin’ Brands has a 12 month low of $5.19 and a 12 month high of $9.46. The stock has a market cap of $741.38 million, a PE ratio of 34.64, a P/E/G ratio of 6.91 and a beta of 1.22.

Bloomin’ Brands (NASDAQ:BLMN) last posted its earnings results on Wednesday, May 6th. The restaurant operator reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.10. The company had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.04 billion. Bloomin’ Brands had a net margin of 0.55% and a return on equity of 28.00%. Bloomin’ Brands’s quarterly revenue was up 1.0% on a year-over-year basis. During the same period last year, the company posted $0.59 earnings per share. Bloomin’ Brands has set its FY 2026 guidance at 0.750-0.900 EPS and its Q2 2026 guidance at 0.270-0.320 EPS. Research analysts predict that Bloomin’ Brands will post 0.86 EPS for the current fiscal year.

About Bloomin’ Brands

Bloomin’ Brands, Inc engages in the ownership, operation and franchising of casual dining restaurants worldwide. The company’s portfolio includes five full-service restaurant chains: Outback Steakhouse, known for its Australian-inspired steakhouse concept; Carrabba’s Italian Grill, offering Italian-American cuisine; Bonefish Grill, specializing in handcrafted seafood dishes; Fleming’s Prime Steakhouse & Wine Bar, focusing on premium steak and wine experiences; and Aussie Grill by Outback, featuring a streamlined menu of signature items.