Bloomin’ Brands, Inc. (NASDAQ:BLMN) Stock Has Average Price Target of $10.60

Bloomin’ Brands, Inc. (NASDAQ:BLMN) has been assigned an average rating of “Hold” from the eleven brokerages that are currently covering the company, MarketBeat.com reports. Ten equities research analysts have rated the stock with a hold recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $10.60.

Several brokerages have recently commented on BLMN. BMO Capital Markets reaffirmed a “market perform” rating and issued a $12.00 target price on shares of Bloomin’ Brands in a research report on Thursday, August 6th. Veritas Investment Research set a $13.00 price objective on Bloomin’ Brands in a research note on Tuesday, September 29th. JPMorgan Chase & Co. raised Bloomin’ Brands from an “underweight” rating to a “neutral” rating and lifted their target price for the company from $6.00 to $13.00 in a research note on Tuesday, September 29th. Morgan Stanley raised their price target on shares of Bloomin’ Brands from $8.00 to $12.00 and gave the stock an “equal weight” rating in a report on Thursday, August 6th. Finally, Citigroup lowered their price objective 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.

Institutional Investors Weigh In On Bloomin’ Brands

A number of institutional investors have recently modified their holdings of BLMN. State of Alaska Department of Revenue purchased a new position in shares of Bloomin’ Brands during the 3rd quarter valued at $37,000. Integrated Wealth Concepts LLC purchased a new position in Bloomin’ Brands in the second quarter valued at about $156,000. IFP Advisors Inc grew its stake in Bloomin’ Brands by 357.4% in the second 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 in the last quarter. Allworth Financial LP increased its position in Bloomin’ Brands by 146.3% in the 2nd quarter. Allworth Financial LP now owns 6,069 shares of the restaurant operator’s stock worth $55,000 after purchasing an additional 3,605 shares during the last quarter. Finally, Corient Private Wealth LP acquired a new position in Bloomin’ Brands in the 2nd quarter worth about $131,000.

Bloomin’ Brands Price Performance

BLMN stock opened at $9.95 on Wednesday. The company has a current ratio of 0.25, a quick ratio of 0.18 and a debt-to-equity ratio of 1.62. Bloomin’ Brands has a one year low of $5.19 and a one year high of $12.63. The firm has a market capitalization of $851.92 million, a PE ratio of 7.70, a P/E/G ratio of 2.60 and a beta of 1.26. The firm has a 50-day moving average of $9.42 and a two-hundred day moving average of $8.31.

Bloomin’ Brands (NASDAQ:BLMN) last announced its earnings results on Wednesday, August 5th. The restaurant operator reported $0.39 EPS for the quarter, topping the consensus estimate of $0.29 by $0.10. Bloomin’ Brands had a net margin of 0.70% and a return on equity of 28.95%. The company had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1 billion. During the same period last year, the company posted $0.32 earnings per share. The business’s revenue for the quarter was up 1.3% on a year-over-year basis. 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, analysts forecast that Bloomin’ Brands will post 0.96 earnings per share for the current year.

About Bloomin’ Brands

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.