Bloomin’ Brands (NASDAQ:BLMN) Cut to Hold at Wall Street Zen

Wall Street Zen downgraded shares of Bloomin’ Brands (NASDAQ:BLMN) from a buy rating to a hold rating in a report issued on Saturday morning,Wall Street Zen reports.

Other analysts also recently issued reports about the company. Zacks Research upgraded Bloomin’ Brands from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 7th. BMO Capital Markets reiterated a “market perform” rating and issued a $12.00 price objective on shares of Bloomin’ Brands in a research report on Thursday, August 6th. Weiss Ratings cut Bloomin’ Brands from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, August 19th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $11.00 target price on shares of Bloomin’ Brands in a report on Thursday, August 6th. Finally, Citigroup decreased their target price on shares of Bloomin’ Brands from $9.50 to $8.75 and set a “neutral” rating on the stock in a research report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $10.60.

Bloomin’ Brands Price Performance

Shares of NASDAQ:BLMN opened at $8.77 on Friday. The company has a quick ratio of 0.18, a current ratio of 0.25 and a debt-to-equity ratio of 1.62. The company has a market cap of $750.89 million, a P/E ratio of 28.29, a PEG ratio of 2.25 and a beta of 1.26. Bloomin’ Brands has a 52 week low of $5.19 and a 52 week high of $12.63. The company has a 50-day moving average price of $9.51 and a 200 day moving average price of $8.21.

Bloomin’ Brands (NASDAQ:BLMN) last announced its quarterly earnings data on Wednesday, August 5th. The restaurant operator reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.10. Bloomin’ Brands had a return on equity of 28.95% and a net margin of 0.70%. The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1 billion. During the same quarter in the previous year, the company earned $0.32 EPS. The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. 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. Research analysts predict that Bloomin’ Brands will post 0.96 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. HighTower Advisors LLC boosted its stake in shares of Bloomin’ Brands by 7.8% during the second quarter. HighTower Advisors LLC now owns 24,844 shares of the restaurant operator’s stock valued at $227,000 after acquiring an additional 1,808 shares during the last quarter. Allworth Financial LP raised its stake in Bloomin’ Brands by 146.3% in the 2nd quarter. Allworth Financial LP now owns 6,069 shares of the restaurant operator’s stock valued at $55,000 after purchasing an additional 3,605 shares during the last quarter. IFP Advisors Inc raised its stake in Bloomin’ Brands by 357.4% in the 2nd quarter. IFP Advisors Inc now owns 5,022 shares of the restaurant operator’s stock valued at $46,000 after purchasing an additional 3,924 shares during the last quarter. SG Americas Securities LLC raised its stake in Bloomin’ Brands by 6.4% in the 1st quarter. SG Americas Securities LLC now owns 85,062 shares of the restaurant operator’s stock valued at $459,000 after purchasing an additional 5,148 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new position in Bloomin’ Brands in the 2nd quarter valued at about $58,000.

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.