Bloomin’ Brands, Inc. (NASDAQ:BLMN) Receives Consensus Rating of “Reduce” from Brokerages

Shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) have been assigned an average recommendation of “Reduce” from the nine ratings firms that are currently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating and seven have issued a hold rating on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $8.7778.

Several analysts recently weighed in on the stock. The Goldman Sachs Group lifted their price target on shares of Bloomin’ Brands from $6.00 to $8.50 and gave the company a “neutral” rating in a report on Thursday, May 7th. Citigroup increased their price target on shares of Bloomin’ Brands from $6.75 to $9.50 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Wall Street Zen lowered shares of Bloomin’ Brands from a “buy” rating to a “hold” rating in a report on Saturday, June 6th. Sanford C. Bernstein set a $9.00 target price on Bloomin’ Brands in a report on Thursday, May 7th. Finally, Weiss Ratings raised Bloomin’ Brands from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, June 15th.

Hedge Funds Weigh In On Bloomin’ Brands

A number of institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE raised its holdings in Bloomin’ Brands by 35.4% in the first quarter. Bank of America Corp DE now owns 157,826 shares of the restaurant operator’s stock worth $852,000 after purchasing an additional 41,275 shares in the last quarter. Empowered Funds LLC boosted its holdings in shares of Bloomin’ Brands by 150.1% during the 1st quarter. Empowered Funds LLC now owns 690,137 shares of the restaurant operator’s stock valued at $3,727,000 after buying an additional 414,146 shares in the last quarter. SummitTX Capital L.P. purchased a new stake in shares of Bloomin’ Brands in the 1st quarter worth about $101,000. Weiss Asset Management LP purchased a new stake in shares of Bloomin’ Brands in the 1st quarter worth about $1,576,000. Finally, Entropy Technologies LP bought a new position in shares of Bloomin’ Brands in the 1st quarter worth about $84,000.

Bloomin’ Brands Trading Up 3.5%

Shares of NASDAQ BLMN traded up $0.28 during trading hours on Monday, hitting $8.34. The company’s stock had a trading volume of 2,019,567 shares, compared to its average volume of 2,153,849. Bloomin’ Brands has a 12 month low of $5.19 and a 12 month high of $10.70. The stock has a market cap of $714.02 million, a price-to-earnings ratio of 33.36, a P/E/G ratio of 2.15 and a beta of 1.21. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.19 and a current ratio of 0.26. The business has a 50-day simple moving average of $7.99 and a 200-day simple moving average of $6.92.

Bloomin’ Brands (NASDAQ:BLMN) last released its quarterly earnings results on Wednesday, May 6th. The restaurant operator reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.10. The business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.04 billion. Bloomin’ Brands had a return on equity of 28.00% and a net margin of 0.55%.Bloomin’ Brands’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.59 EPS. 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. On average, analysts anticipate that Bloomin’ Brands will post 0.88 earnings per share 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.