Citigroup Lowers Bloomin’ Brands (NASDAQ:BLMN) Price Target to $8.75

Bloomin’ Brands (NASDAQ:BLMN) had its target price lowered by equities research analysts at Citigroup from $9.50 to $8.75 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the restaurant operator’s stock. Citigroup’s target price would indicate a potential upside of 10.20% from the company’s current price.

A number of other brokerages have also recently weighed in on BLMN. Wall Street Zen cut Bloomin’ Brands from a “buy” rating to a “hold” rating in a research note on Saturday, June 6th. The Goldman Sachs Group upped their price objective on shares of Bloomin’ Brands from $6.00 to $8.50 and gave the company a “neutral” rating in a research note on Thursday, May 7th. UBS Group raised their target price on shares of Bloomin’ Brands from $6.00 to $9.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Barclays lifted their target price on shares of Bloomin’ Brands from $7.00 to $9.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 7th. Finally, JPMorgan Chase & Co. lowered shares of Bloomin’ Brands from a “neutral” rating to an “underweight” rating and set a $6.00 price target on the stock. in a report on Friday, April 24th. Six equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus price target of $8.53.

Bloomin’ Brands Stock Performance

BLMN opened at $7.94 on Friday. The firm has a market cap of $679.78 million, a PE ratio of 31.76, a P/E/G ratio of 6.33 and a beta of 1.21. The company has a quick ratio of 0.19, a current ratio of 0.26 and a debt-to-equity ratio of 1.89. The business has a fifty day simple moving average of $8.12 and a 200-day simple moving average of $7.06. Bloomin’ Brands has a fifty-two week low of $5.19 and a fifty-two week high of $10.15.

Bloomin’ Brands (NASDAQ:BLMN) last issued its earnings results on Wednesday, May 6th. The restaurant operator reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.10. The business had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.04 billion. Bloomin’ Brands had a return on equity of 28.00% and a net margin of 0.55%.The company’s quarterly revenue was up 1.0% on a year-over-year basis. 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, equities analysts predict that Bloomin’ Brands will post 0.86 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Quarry LP acquired a new position in Bloomin’ Brands during the fourth quarter valued at $25,000. Northwestern Mutual Wealth Management Co. boosted its position in Bloomin’ Brands by 83,825.0% during the 2nd 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. Hilton Head Capital Partners LLC acquired a new stake in Bloomin’ Brands during the 4th quarter worth about $31,000. PNC Financial Services Group Inc. grew its stake in Bloomin’ Brands by 44.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 5,431 shares of the restaurant operator’s stock valued at $34,000 after acquiring an additional 1,662 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in Bloomin’ Brands by 50.9% during the 4th quarter. GAMMA Investing LLC now owns 6,221 shares of the restaurant operator’s stock valued at $38,000 after acquiring an additional 2,099 shares in the last quarter.

About Bloomin’ Brands

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.