Bloomin’ Brands (NASDAQ:BLMN) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Bloomin’ Brands (NASDAQ:BLMN) from a hold rating to a buy rating in a research report sent to investors on Saturday,Wall Street Zen reports.

A number of other equities research analysts have also recently weighed in on the stock. BMO Capital Markets restated a “market perform” rating and issued a $12.00 price objective on shares of Bloomin’ Brands in a report on Thursday, August 6th. Zacks Research lowered shares of Bloomin’ Brands from a “strong-buy” rating to a “hold” rating in a report on Friday, October 16th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $11.00 target price on shares of Bloomin’ Brands in a report on Thursday, August 6th. Weiss Ratings raised Bloomin’ Brands from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, October 14th. Finally, Morgan Stanley boosted their price target on Bloomin’ Brands from $8.00 to $12.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 6th. Eleven analysts have rated the stock with a Hold rating. According to MarketBeat.com, Bloomin’ Brands presently has an average rating of “Hold” and a consensus price target of $10.90.

Bloomin’ Brands Stock Down 0.7%

Shares of NASDAQ BLMN opened at $9.14 on Friday. The stock has a market capitalization of $782.57 million, a P/E ratio of 7.13, a PEG ratio of 2.41 and a beta of 1.26. Bloomin’ Brands has a one year low of $5.19 and a one year high of $12.63. The firm’s 50 day simple moving average is $9.31 and its two-hundred day simple moving average is $7.84. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.25 and a quick ratio of 0.18.

Bloomin’ Brands (NASDAQ:BLMN) last released its earnings results on Wednesday, August 5th. The restaurant operator reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.10. Bloomin’ Brands had a return on equity of 28.95% and a net margin of 0.70%. The company had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1 billion. During the same quarter in the previous year, the company posted $0.32 EPS. Bloomin’ Brands’s revenue for the quarter was up 1.3% on a year-over-year basis. 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. As a group, analysts expect that Bloomin’ Brands will post 0.96 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of BLMN. State of Alaska Department of Revenue bought a new stake in Bloomin’ Brands in the 3rd quarter valued at $37,000. Nisa Investment Advisors LLC boosted its holdings in shares of Bloomin’ Brands by 148.2% during the 3rd quarter. Nisa Investment Advisors LLC now owns 5,265 shares of the restaurant operator’s stock valued at $41,000 after purchasing an additional 3,144 shares during the last quarter. IFP Advisors Inc boosted its stake in Bloomin’ Brands by 357.4% during the second quarter. IFP Advisors Inc now owns 5,022 shares of the restaurant operator’s stock valued at $46,000 after buying an additional 3,924 shares during the last quarter. Allworth Financial LP bought a new position in shares of Bloomin’ Brands during the 2nd quarter valued at approximately $55,000. Finally, Chicago Partners Investment Group LLC purchased a new position in shares of Bloomin’ Brands in the 1st quarter worth $56,000.

About Bloomin’ Brands

Bloomin’ Brands, Inc is a restaurant company that owns, operates and franchises a portfolio of casual dining and upscale restaurant concepts. Its principal brands include Outback Steakhouse, known for steaks and other Australian-inspired dishes; Carrabba’s Italian Grill, which serves Italian-American cuisine; Bonefish Grill, focused on seafood and contemporary dishes; and Fleming’s Prime Steakhouse & Wine Bar.

The company’s restaurants offer a range of dine-in, takeout, delivery and catering services, with menus generally centered on full-service meals, specialty beverages and hospitality-oriented dining experiences.