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

Shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) have earned a consensus rating of “Reduce” from the nine ratings firms that are covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell rating and seven have given a hold rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $8.7778.

A number of brokerages have recently weighed in on BLMN. Weiss Ratings upgraded Bloomin’ Brands from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, June 15th. UBS Group boosted their target price on Bloomin’ Brands from $6.00 to $9.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Citigroup increased their price target on Bloomin’ Brands from $6.75 to $9.50 and gave the company a “neutral” rating in a research note on Thursday, May 7th. The Goldman Sachs Group raised their price target on Bloomin’ Brands from $6.00 to $8.50 and gave the company a “neutral” rating in a report on Thursday, May 7th. Finally, Barclays lifted their price objective on Bloomin’ Brands from $7.00 to $9.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 7th.

Bloomin’ Brands Stock Performance

BLMN opened at $8.70 on Monday. The stock has a market capitalization of $744.81 million, a price-to-earnings ratio of 34.80, a PEG ratio of 2.33 and a beta of 1.21. The company has a fifty day moving average of $7.80 and a 200 day moving average of $6.89. Bloomin’ Brands has a fifty-two week low of $5.19 and a fifty-two week high of $10.70. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.19 and a current ratio of 0.26.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Arrowstreet Capital Limited Partnership increased its position in Bloomin’ Brands by 79.9% in the first quarter. Arrowstreet Capital Limited Partnership now owns 3,908,998 shares of the restaurant operator’s stock worth $21,109,000 after purchasing an additional 1,736,001 shares during the last quarter. Millennium Management LLC lifted its position in Bloomin’ Brands by 123.1% during the first quarter. Millennium Management LLC now owns 2,299,778 shares of the restaurant operator’s stock valued at $16,489,000 after purchasing an additional 1,268,988 shares during the last quarter. Federated Hermes Inc. grew its stake in shares of Bloomin’ Brands by 115.9% in the 4th quarter. Federated Hermes Inc. now owns 2,064,940 shares of the restaurant operator’s stock worth $12,741,000 after buying an additional 1,108,500 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Bloomin’ Brands by 84.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,208,122 shares of the restaurant operator’s stock worth $11,924,000 after buying an additional 1,013,953 shares in the last quarter. Finally, Broad Bay Capital Management LP purchased a new position in shares of Bloomin’ Brands in the 4th quarter worth $6,031,000.

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.