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

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

A number of research analysts recently issued reports on the stock. 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 report on Thursday, May 7th. UBS Group lifted their price target on shares of Bloomin’ Brands from $6.00 to $9.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. 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 report on Thursday, May 7th. Wall Street Zen cut shares of Bloomin’ Brands from a “buy” rating to a “hold” rating in a research report on Saturday, June 6th. Finally, JPMorgan Chase & Co. cut 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 report on Friday, April 24th.

Institutional Trading of Bloomin’ Brands

A number of institutional investors and hedge funds have recently bought and sold shares of BLMN. Northwestern Mutual Wealth Management Co. grew its stake in shares of Bloomin’ Brands by 83,825.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,357 shares of the restaurant operator’s stock worth $29,000 after acquiring an additional 3,353 shares during the period. Quarry LP bought a new stake in shares of Bloomin’ Brands in the fourth quarter worth approximately $25,000. Hilton Head Capital Partners LLC bought a new stake in shares of Bloomin’ Brands in the fourth quarter worth approximately $31,000. PNC Financial Services Group Inc. grew its stake in shares of Bloomin’ Brands by 44.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 5,431 shares of the restaurant operator’s stock worth $34,000 after acquiring an additional 1,662 shares during the period. Finally, GAMMA Investing LLC grew its stake in shares of Bloomin’ Brands by 50.9% in the fourth quarter. GAMMA Investing LLC now owns 6,221 shares of the restaurant operator’s stock worth $38,000 after acquiring an additional 2,099 shares during the period.

Bloomin’ Brands Trading Down 0.3%

Shares of NASDAQ BLMN opened at $7.41 on Thursday. Bloomin’ Brands has a 1 year low of $5.19 and a 1 year high of $10.70. The stock has a market cap of $634.37 million, a P/E ratio of 29.64, a price-to-earnings-growth ratio of 1.99 and a beta of 1.22. The firm has a 50-day moving average of $7.00 and a 200 day moving average of $6.70. The company has a debt-to-equity ratio of 1.89, a current ratio of 0.26 and a quick ratio of 0.19.

Bloomin’ Brands (NASDAQ:BLMN) last issued its quarterly earnings results on Wednesday, May 6th. The restaurant operator reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.10. Bloomin’ Brands had a net margin of 0.55% and a return on equity of 28.00%. The company had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same period last year, the company posted $0.59 EPS. Bloomin’ Brands’s revenue was up 1.0% on a year-over-year basis. 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, sell-side analysts expect that Bloomin’ Brands will post 0.88 EPS for the current fiscal year.

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.