Bloomin’ Brands (NASDAQ:BLMN) Price Target Raised to $7.00

Bloomin’ Brands (NASDAQ:BLMN) had its price target hoisted by Citigroup from $6.75 to $7.00 in a report published on Thursday,Benzinga reports. The brokerage currently has a neutral rating on the restaurant operator’s stock.

A number of other analysts have also recently commented on BLMN. The Goldman Sachs Group raised shares of Bloomin’ Brands from a “sell” rating to a “neutral” rating and set a $7.00 target price for the company in a research note on Friday, November 7th. Loop Capital set a $10.00 price objective on Bloomin’ Brands in a research note on Tuesday, December 16th. Zacks Research raised Bloomin’ Brands from a “strong sell” rating to a “hold” rating in a report on Friday, November 7th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Bloomin’ Brands in a research note on Monday, December 29th. Eight equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of $8.44.

Bloomin’ Brands Trading Down 1.0%

Shares of BLMN stock opened at $6.12 on Thursday. Bloomin’ Brands has a 1-year low of $5.60 and a 1-year high of $10.70. The company has a market cap of $521.61 million, a price-to-earnings ratio of 61.21 and a beta of 1.15. The company has a debt-to-equity ratio of 2.77, a current ratio of 0.45 and a quick ratio of 0.38. The stock has a 50 day simple moving average of $6.70 and a 200-day simple moving average of $6.93.

Bloomin’ Brands (NASDAQ:BLMN) last released its quarterly earnings results on Wednesday, February 25th. The restaurant operator reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.01. The firm had revenue of $975.22 million for the quarter, compared to analysts’ expectations of $980.64 million. Bloomin’ Brands had a net margin of 0.21% and a return on equity of 25.55%. The firm’s revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter last year, the company earned $0.38 EPS. Bloomin’ Brands has set its Q1 2026 guidance at 0.570-0.620 EPS and its FY 2026 guidance at 0.750-0.900 EPS. On average, equities research analysts expect that Bloomin’ Brands will post 1.8 EPS for the current fiscal year.

Institutional Investors Weigh In On Bloomin’ Brands

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Alpine Global Management LLC purchased a new position in Bloomin’ Brands during the fourth quarter worth approximately $89,000. Virtu Financial LLC acquired a new stake in shares of Bloomin’ Brands in the 4th quarter worth $195,000. Invesco Ltd. raised its holdings in shares of Bloomin’ Brands by 9.9% during the 4th quarter. Invesco Ltd. now owns 1,368,340 shares of the restaurant operator’s stock worth $8,443,000 after acquiring an additional 123,566 shares during the period. Corient Private Wealth LLC purchased a new position in shares of Bloomin’ Brands during the 4th quarter worth $2,147,000. Finally, State of Tennessee Department of Treasury boosted its position in shares of Bloomin’ Brands by 116.6% during the 4th quarter. State of Tennessee Department of Treasury now owns 40,570 shares of the restaurant operator’s stock valued at $243,000 after acquiring an additional 21,843 shares during the last quarter.

Bloomin’ Brands Company Profile

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.