Bloomin’ Brands (NASDAQ:BLMN) Shares Gap Up Following Earnings Beat

Bloomin’ Brands, Inc. (NASDAQ:BLMN) shares gapped up prior to trading on Wednesday after the company announced better than expected quarterly earnings. The stock had previously closed at $5.76, but opened at $7.06. Bloomin’ Brands shares last traded at $7.8660, with a volume of 1,697,245 shares traded.

The restaurant operator reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.10. The company had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.04 billion. Bloomin’ Brands had a return on equity of 26.26% and a net margin of 0.21%.The firm’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $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.

Analysts Set New Price Targets

Several research analysts have commented on the company. Weiss Ratings restated a “sell (d)” rating on shares of Bloomin’ Brands in a research note on Friday, March 27th. JPMorgan Chase & Co. downgraded Bloomin’ Brands from a “neutral” rating to an “underweight” rating and set a $6.00 target price for the company. in a research note on Friday, April 24th. Finally, Citigroup raised their target price on Bloomin’ Brands from $6.75 to $7.00 and gave the stock a “neutral” rating in a research note on Thursday, February 26th. Six investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average target price of $7.86.

Insider Activity

In other Bloomin’ Brands news, Director Rohit Lal purchased 10,000 shares of the company’s stock in a transaction dated Wednesday, March 11th. The stock was purchased at an average price of $5.69 per share, for a total transaction of $56,900.00. Following the transaction, the director owned 30,156 shares in the company, valued at $171,587.64. The trade was a 49.61% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 1.18% of the company’s stock.

Institutional Trading of Bloomin’ Brands

Large investors have recently modified their holdings of the business. Federated Hermes Inc. boosted its position in shares of Bloomin’ Brands by 201,255.8% during the 3rd quarter. Federated Hermes Inc. now owns 956,440 shares of the restaurant operator’s stock valued at $6,858,000 after acquiring an additional 955,965 shares during the last quarter. SG Americas Securities LLC boosted its position in shares of Bloomin’ Brands by 790.6% during the 3rd quarter. SG Americas Securities LLC now owns 148,219 shares of the restaurant operator’s stock valued at $1,063,000 after acquiring an additional 131,577 shares during the last quarter. Counterpoint Mutual Funds LLC boosted its position in shares of Bloomin’ Brands by 1,069.7% during the 3rd quarter. Counterpoint Mutual Funds LLC now owns 431,359 shares of the restaurant operator’s stock valued at $3,093,000 after acquiring an additional 394,480 shares during the last quarter. Y Intercept Hong Kong Ltd boosted its position in shares of Bloomin’ Brands by 121.0% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 260,905 shares of the restaurant operator’s stock valued at $1,871,000 after acquiring an additional 142,870 shares during the last quarter. Finally, Intech Investment Management LLC boosted its position in shares of Bloomin’ Brands by 41.6% during the 3rd quarter. Intech Investment Management LLC now owns 365,845 shares of the restaurant operator’s stock valued at $2,623,000 after acquiring an additional 107,489 shares during the last quarter.

Bloomin’ Brands Trading Up 37.7%

The stock has a market cap of $675.87 million, a P/E ratio of 80.30, a P/E/G ratio of 4.76 and a beta of 1.10. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.24 and a current ratio of 0.31. The stock has a 50-day moving average price of $5.95 and a 200-day moving average price of $6.54.

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.