Bloomin’ Brands, Inc. (NASDAQ:BLMN) Receives $8.78 Average Target Price from Brokerages

Bloomin’ Brands, Inc. (NASDAQ:BLMN) has earned an average recommendation of “Reduce” from the nine brokerages that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation and seven have given a hold recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $8.7778.

Several equities research analysts recently commented on BLMN shares. Wall Street Zen upgraded Bloomin’ Brands from a “hold” rating to a “buy” rating in a report on Saturday. Barclays lifted their price objective on Bloomin’ Brands from $7.00 to $9.00 and gave the stock an “equal weight” rating in a report on Thursday, May 7th. Citigroup lifted their price objective on Bloomin’ Brands from $6.75 to $9.50 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Weiss Ratings upgraded Bloomin’ Brands from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, May 12th. Finally, JPMorgan Chase & Co. downgraded Bloomin’ Brands from a “neutral” rating to an “underweight” rating and set a $6.00 price objective for the company. in a report on Friday, April 24th.

Bloomin’ Brands Price Performance

Shares of NASDAQ:BLMN opened at $7.82 on Friday. Bloomin’ Brands has a 1-year low of $5.19 and a 1-year high of $10.70. The company has a debt-to-equity ratio of 1.89, a current ratio of 0.26 and a quick ratio of 0.19. The business has a fifty day moving average price of $6.45 and a 200-day moving average price of $6.60. The company has a market capitalization of $669.47 million, a PE ratio of 31.28, a PEG ratio of 2.09 and a beta of 1.10.

Bloomin’ Brands (NASDAQ:BLMN) last issued its quarterly earnings results on Wednesday, May 6th. The restaurant operator reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.10. Bloomin’ Brands had a return on equity of 28.00% and a net margin of 0.55%.The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same period last year, the company earned $0.59 earnings per share. The company’s revenue was up 1.0% on a year-over-year basis. 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 expect that Bloomin’ Brands will post 0.88 EPS for the current fiscal year.

Insider Buying and Selling

In other Bloomin’ Brands news, Director Rohit Lal acquired 10,000 shares of Bloomin’ Brands stock in a transaction that occurred on Wednesday, March 11th. The stock was bought at an average cost of $5.69 per share, for a total transaction of $56,900.00. Following the acquisition, the director owned 30,156 shares of the company’s stock, valued at $171,587.64. This represents a 49.61% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 1.18% of the company’s stock.

Institutional Investors Weigh In On Bloomin’ Brands

Large investors have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. increased its holdings in Bloomin’ Brands by 83,825.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,357 shares of the restaurant operator’s stock worth $29,000 after buying an additional 3,353 shares in the last quarter. Quarry LP purchased a new position in Bloomin’ Brands in the fourth quarter worth about $25,000. Hilton Head Capital Partners LLC purchased a new position in Bloomin’ Brands in the fourth quarter worth about $31,000. PNC Financial Services Group Inc. boosted its position in Bloomin’ Brands by 44.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 5,431 shares of the restaurant operator’s stock worth $34,000 after purchasing an additional 1,662 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in Bloomin’ Brands by 50.9% in the fourth quarter. GAMMA Investing LLC now owns 6,221 shares of the restaurant operator’s stock worth $38,000 after purchasing an additional 2,099 shares during the last quarter.

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.