Bloomin’ Brands (NASDAQ:BLMN) Shares Down 6.7% – Here’s What Happened

Bloomin’ Brands, Inc. (NASDAQ:BLMN) was down 6.7% during mid-day trading on Monday . The company traded as low as $7.73 and last traded at $7.7370. Approximately 1,261,252 shares were traded during trading, a decline of 53% from the average daily volume of 2,674,075 shares. The stock had previously closed at $8.29.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on BLMN shares. Citigroup lifted their price objective on shares of Bloomin’ Brands from $6.75 to $9.50 and gave the company a “neutral” rating in a report on Thursday, May 7th. Wall Street Zen cut shares of Bloomin’ Brands from a “buy” rating to a “hold” rating in a report on Saturday, June 6th. JPMorgan Chase & Co. cut 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. UBS Group boosted their price target 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. Finally, Sanford C. Bernstein set a $9.00 price target on shares of Bloomin’ Brands in a report on Thursday, May 7th. Seven investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus price target of $8.78.

Bloomin’ Brands Trading Down 7.7%

The firm has a market capitalization of $654.92 million, a PE ratio of 30.60, a PEG ratio of 2.22 and a beta of 1.21. The firm’s fifty day moving average is $7.11 and its two-hundred day moving average is $6.73. 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 released its earnings results on Wednesday, May 6th. The restaurant operator reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.10. The firm had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.04 billion. Bloomin’ Brands had a net margin of 0.55% and a return on equity of 28.00%. The company’s quarterly revenue was up 1.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.59 earnings per share. 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. On average, equities analysts predict that Bloomin’ Brands, Inc. will post 0.88 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada lifted its stake in shares of Bloomin’ Brands by 50.4% during the 1st quarter. Royal Bank of Canada now owns 333,693 shares of the restaurant operator’s stock valued at $2,393,000 after buying an additional 111,801 shares in the last quarter. AQR Capital Management LLC increased its holdings in shares of Bloomin’ Brands by 156.1% in the 1st quarter. AQR Capital Management LLC now owns 591,373 shares of the restaurant operator’s stock worth $4,240,000 after buying an additional 360,450 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Bloomin’ Brands by 6.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,395 shares of the restaurant operator’s stock valued at $333,000 after purchasing an additional 2,622 shares during the last quarter. Millennium Management LLC grew its holdings in shares of Bloomin’ Brands by 123.1% during the 1st 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. Finally, Goldman Sachs Group Inc. boosted its position in Bloomin’ Brands by 4.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,048,497 shares of the restaurant operator’s stock valued at $7,518,000 after buying an additional 43,329 shares during the period.

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.