Bloomin’ Brands (NASDAQ:BLMN) Shares Up 5.3% – Here’s What Happened

Bloomin’ Brands, Inc. (NASDAQ:BLMN) shares were up 5.3% during mid-day trading on Tuesday. The company traded as high as $9.19 and last traded at $9.2350. Approximately 1,307,156 shares were traded during mid-day trading, a decline of 47% from the average daily volume of 2,483,918 shares. The stock had previously closed at $8.77.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Piper Sandler lifted their price target on Bloomin’ Brands from $9.00 to $12.00 and gave the stock a “neutral” rating in a research report on Monday, August 10th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $11.00 price objective on shares of Bloomin’ Brands in a research report on Thursday, August 6th. Veritas Investment Research set a $13.00 price objective on shares of Bloomin’ Brands in a research note on Tuesday, September 29th. Weiss Ratings downgraded shares of Bloomin’ Brands from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, August 19th. Finally, Zacks Research raised shares of Bloomin’ Brands from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Bloomin’ Brands currently has a consensus rating of “Hold” and a consensus target price of $10.60.

Bloomin’ Brands Trading Up 4.6%

The firm has a market cap of $785.57 million, a P/E ratio of 29.64, a PEG ratio of 2.25 and a beta of 1.26. The company’s 50 day moving average is $9.51 and its two-hundred day moving average is $8.21. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.25 and a quick ratio of 0.18.

Bloomin’ Brands (NASDAQ:BLMN) last issued its quarterly earnings results on Wednesday, August 5th. The restaurant operator reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.10. The firm had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1 billion. Bloomin’ Brands had a return on equity of 28.95% and a net margin of 0.70%. The company’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.32 earnings per share. Bloomin’ Brands has set its FY 2026 guidance at 0.900-1.000 EPS and its Q3 2026 guidance at -0.270–0.220 EPS. On average, sell-side analysts predict that Bloomin’ Brands, Inc. will post 0.96 earnings per share for the current year.

Institutional Trading of Bloomin’ Brands

A number of institutional investors and hedge funds have recently modified their holdings of BLMN. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Bloomin’ Brands in the second quarter valued at $1,105,000. Ieq Capital LLC acquired a new stake in Bloomin’ Brands during the second quarter worth $2,474,000. Bank of New York Mellon Corp acquired a new stake in Bloomin’ Brands during the second quarter worth $2,652,000. Prosperitas Financial LLC bought a new stake in Bloomin’ Brands in the 2nd quarter valued at $6,289,000. Finally, Landscape Capital Management L.L.C. bought a new stake in Bloomin’ Brands in the 2nd quarter valued at $1,198,000.

Bloomin’ Brands Company Profile

Bloomin’ Brands, Inc is a restaurant company that owns and operates a portfolio of casual dining and upscale casual dining brands. Its best-known concept is Outback Steakhouse, which specializes in steaks, seafood, chicken, burgers and other American-style dishes with an Australian-inspired theme.

The company’s other restaurant brands include Carrabba’s Italian Grill, which serves Italian-American cuisine; Bonefish Grill, focused on seafood and wood-grilled specialties; and Fleming’s Prime Steakhouse & Wine Bar, an upscale steakhouse concept.