Bloomin’ Brands (NASDAQ:BLMN) Stock Price Up 7% – Should You Buy?

Shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) shot up 7% on Thursday. The company traded as high as $8.29 and last traded at $8.2950. Approximately 1,326,735 shares were traded during trading, a decline of 46% from the average daily volume of 2,469,987 shares. The stock had previously closed at $7.75.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $11.00 target price on shares of Bloomin’ Brands in a research note on Thursday, August 6th. Wall Street Zen raised Bloomin’ Brands from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. JPMorgan Chase & Co. raised Bloomin’ Brands from an “underweight” rating to a “neutral” rating and increased their price objective for the company from $6.00 to $13.00 in a research report on Tuesday. Citigroup lowered their price target on Bloomin’ Brands from $9.50 to $8.75 and set a “neutral” rating on the stock in a research note on Friday, July 24th. Finally, Weiss Ratings lowered Bloomin’ Brands from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $10.60.

Bloomin’ Brands Trading Up 1.2%

The company has a quick ratio of 0.18, a current ratio of 0.25 and a debt-to-equity ratio of 1.62. The business’s fifty day moving average is $9.54 and its two-hundred day moving average is $8.08. The firm has a market cap of $726.06 million, a price-to-earnings ratio of 27.35, a price-to-earnings-growth ratio of 2.20 and a beta of 1.26.

Bloomin’ Brands (NASDAQ:BLMN) last announced its quarterly earnings data on Wednesday, August 5th. The restaurant operator reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.10. Bloomin’ Brands had a return on equity of 28.95% and a net margin of 0.70%.The firm had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1 billion. During the same period in the previous year, the business posted $0.32 EPS. The company’s quarterly revenue was up 1.3% compared to the same quarter last year. Bloomin’ Brands has set its FY 2026 guidance at 0.900-1.000 EPS and its Q3 2026 guidance at -0.270–0.220 EPS. Equities analysts anticipate that Bloomin’ Brands, Inc. will post 0.96 earnings per share for the current fiscal year.

Institutional Trading of Bloomin’ Brands

Hedge funds and other institutional investors have recently modified their holdings of the stock. HighTower Advisors LLC boosted its position in Bloomin’ Brands by 7.8% during the second quarter. HighTower Advisors LLC now owns 24,844 shares of the restaurant operator’s stock worth $227,000 after purchasing an additional 1,808 shares during the period. Allworth Financial LP grew its stake in Bloomin’ Brands by 146.3% in the 2nd quarter. Allworth Financial LP now owns 6,069 shares of the restaurant operator’s stock worth $55,000 after buying an additional 3,605 shares in the last quarter. IFP Advisors Inc increased its stake in Bloomin’ Brands by 357.4% in the second quarter. IFP Advisors Inc now owns 5,022 shares of the restaurant operator’s stock valued at $46,000 after acquiring an additional 3,924 shares during the last quarter. Hilton Head Capital Partners LLC bought a new stake in Bloomin’ Brands during the fourth quarter worth about $31,000. Finally, SG Americas Securities LLC lifted its stake in Bloomin’ Brands by 6.4% during the first quarter. SG Americas Securities LLC now owns 85,062 shares of the restaurant operator’s stock worth $459,000 after purchasing an additional 5,148 shares during the last quarter.

About Bloomin’ Brands

Bloomin’ Brands, Inc is a restaurant company that owns and operates a portfolio of casual dining and upscale casual dining brands. Its best-known concept is Outback Steakhouse, which specializes in steaks, seafood, chicken, burgers and other American-style dishes with an Australian-inspired theme.

The company’s other restaurant brands include Carrabba’s Italian Grill, which serves Italian-American cuisine; Bonefish Grill, focused on seafood and wood-grilled specialties; and Fleming’s Prime Steakhouse & Wine Bar, an upscale steakhouse concept.