Bloomin’ Brands (NASDAQ:BLMN) Shares Down 6.7% – Here’s What Happened

Bloomin’ Brands, Inc. (NASDAQ:BLMN) traded down 6.7% on Monday . The company traded as low as $7.73 and last traded at $7.7370. 1,261,252 shares traded hands during trading, a decline of 53% from the average session volume of 2,674,075 shares. The stock had previously closed at $8.29.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Wall Street Zen downgraded shares of Bloomin’ Brands from a “buy” rating to a “hold” rating in a research note on Saturday, June 6th. Citigroup lifted their target price 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. JPMorgan Chase & Co. downgraded shares of Bloomin’ Brands from a “neutral” rating to an “underweight” rating and set a $6.00 price target for the company. in a research note on Friday, April 24th. 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 research note on Thursday, May 7th. Finally, Barclays lifted their price target on shares of Bloomin’ Brands from $7.00 to $9.00 and gave the company an “equal weight” rating in a research note on Thursday, May 7th. Seven analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Bloomin’ Brands currently has an average rating of “Reduce” and a consensus price target of $8.78.

Bloomin’ Brands Trading Down 7.7%

The company has a quick ratio of 0.19, a current ratio of 0.26 and a debt-to-equity ratio of 1.89. The stock has a market capitalization of $654.92 million, a P/E ratio of 30.60, a P/E/G ratio of 2.22 and a beta of 1.21. The firm’s 50 day simple moving average is $7.11 and its two-hundred day simple moving average is $6.73.

Bloomin’ Brands (NASDAQ:BLMN) last posted its quarterly 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. Bloomin’ Brands had a net margin of 0.55% and a return on equity of 28.00%. The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same period in the previous year, the firm posted $0.59 earnings per share. The business’s revenue was up 1.0% compared to the same quarter last year. 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. As a group, analysts forecast that Bloomin’ Brands, Inc. will post 0.88 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in BLMN. Quarry LP acquired a new position in shares of Bloomin’ Brands during the fourth quarter valued at about $25,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Bloomin’ Brands by 83,825.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,357 shares of the restaurant operator’s stock valued at $29,000 after buying an additional 3,353 shares during the last quarter. Hilton Head Capital Partners LLC acquired a new position in shares of Bloomin’ Brands during the fourth quarter valued at about $31,000. PNC Financial Services Group Inc. grew its holdings in shares of Bloomin’ Brands by 44.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,431 shares of the restaurant operator’s stock valued at $34,000 after buying an additional 1,662 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Bloomin’ Brands by 50.9% during the fourth quarter. GAMMA Investing LLC now owns 6,221 shares of the restaurant operator’s stock valued at $38,000 after buying an additional 2,099 shares during the last quarter.

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.