Bloomin’ Brands (NASDAQ:BLMN) Shares Down 5.6% – Here’s Why

Bloomin’ Brands, Inc. (NASDAQ:BLMN) shares fell 5.6% on Tuesday. The stock traded as low as $10.38 and last traded at $10.2850. Approximately 294,076 shares were traded during trading, a decline of 88% from the average session volume of 2,507,457 shares. The stock had previously closed at $10.90.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. UBS Group upped their price objective on Bloomin’ Brands from $9.00 to $11.50 and gave the company a “neutral” rating in a research report on Monday. JPMorgan Chase & Co. raised Bloomin’ Brands from an “underweight” rating to a “neutral” rating and lifted their target price for the stock from $6.00 to $13.00 in a report on Tuesday, September 29th. Weiss Ratings raised Bloomin’ Brands from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, October 14th. Veritas Investment Research set a $13.00 price target on Bloomin’ Brands in a research note on Tuesday, September 29th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $11.00 target price on shares of Bloomin’ Brands in a research report on Thursday, August 6th. Eleven investment analysts have rated the stock with a Hold rating. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $11.10.

Bloomin’ Brands Stock Performance

The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.18 and a current ratio of 0.25. The firm has a market cap of $872.04 million, a P/E ratio of 32.85, a P/E/G ratio of 2.62 and a beta of 1.26. The business’s 50-day simple moving average is $9.25 and its 200 day simple moving average is $7.92.

Bloomin’ Brands (NASDAQ:BLMN) last announced 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. The business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1 billion. Bloomin’ Brands had a net margin of 0.70% and a return on equity of 28.95%. The company’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.32 EPS. 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, equities analysts predict that Bloomin’ Brands, Inc. will post 0.96 earnings per share for the current year.

Hedge Funds Weigh In On Bloomin’ Brands

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Commonwealth Equity Services LLC raised its position in shares of Bloomin’ Brands by 1.3% during the 3rd quarter. Commonwealth Equity Services LLC now owns 1,460,903 shares of the restaurant operator’s stock valued at $11,322,000 after purchasing an additional 19,136 shares during the period. Chicago Partners Investment Group LLC bought a new stake in Bloomin’ Brands during the 3rd quarter valued at approximately $115,000. State of Wyoming lifted its holdings in Bloomin’ Brands by 16.6% in the 3rd quarter. State of Wyoming now owns 51,596 shares of the restaurant operator’s stock worth $400,000 after purchasing an additional 7,359 shares in the last quarter. VestGen Advisors LLC purchased a new position in Bloomin’ Brands in the 3rd quarter worth approximately $84,000. Finally, Nisa Investment Advisors LLC lifted its holdings in Bloomin’ Brands by 148.2% in the 3rd quarter. Nisa Investment Advisors LLC now owns 5,265 shares of the restaurant operator’s stock worth $41,000 after purchasing an additional 3,144 shares in the last quarter.

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.