Bloomin’ Brands (NASDAQ:BLMN) Price Target Cut to $12.25 by Analysts at Citigroup

Bloomin’ Brands (NASDAQ:BLMN) had its price objective lowered by Citigroup from $12.75 to $12.25 in a report issued on Friday, Benzinga reports. The firm presently has a “neutral” rating on the restaurant operator’s stock. Citigroup‘s price target would suggest a potential upside of 32.94% from the company’s current price.

BLMN has been the subject of a number of other reports. Weiss Ratings raised Bloomin’ Brands from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, October 14th. Morgan Stanley lifted their price target on Bloomin’ Brands from $8.00 to $12.00 and gave the company an “equal weight” rating in a research note on Thursday, August 6th. Piper Sandler upped their price objective on Bloomin’ Brands from $9.00 to $12.00 and gave the stock a “neutral” rating in a report on Monday, August 10th. Veritas Investment Research set a $13.00 price objective on Bloomin’ Brands in a research report on Tuesday, September 29th. Finally, Wall Street Zen cut Bloomin’ Brands from a “buy” rating to a “hold” rating in a research report on Saturday, October 10th. Eleven equities research analysts have rated the stock with a Hold rating. According to MarketBeat.com, Bloomin’ Brands presently has a consensus rating of “Hold” and an average target price of $10.90.

Bloomin’ Brands Stock Performance

Shares of Bloomin’ Brands stock traded down $1.05 on Friday, reaching $9.21. 2,518,341 shares of the stock were exchanged, compared to its average volume of 2,497,423. Bloomin’ Brands has a 1-year low of $5.19 and a 1-year high of $12.63. The company has a current ratio of 0.25, a quick ratio of 0.18 and a debt-to-equity ratio of 1.62. The business has a fifty day moving average price of $9.35 and a two-hundred day moving average price of $8.46. The firm has a market capitalization of $788.99 million, a PE ratio of 29.72, a PEG ratio of 2.63 and a beta of 1.26.

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

Institutional Investors Weigh In On Bloomin’ Brands

Institutional investors and hedge funds have recently modified their holdings of the company. Nisa Investment Advisors LLC increased its stake in Bloomin’ Brands by 148.2% in the 3rd quarter. Nisa Investment Advisors LLC now owns 5,265 shares of the restaurant operator’s stock valued at $41,000 after purchasing an additional 3,144 shares in the last quarter. State of Alaska Department of Revenue acquired a new position in Bloomin’ Brands during the third quarter worth $37,000. Integrated Wealth Concepts LLC purchased a new stake in Bloomin’ Brands during the second quarter worth $156,000. IFP Advisors Inc boosted its position in Bloomin’ Brands by 357.4% during the second quarter. IFP Advisors Inc now owns 5,022 shares of the restaurant operator’s stock worth $46,000 after purchasing an additional 3,924 shares in the last quarter. Finally, Allworth Financial LP grew its holdings in Bloomin’ Brands by 146.3% in the second 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.

Bloomin’ Brands Company Profile

Bloomin’ Brands, Inc is a restaurant company that owns, operates and franchises a portfolio of casual dining and upscale restaurant concepts. Its principal brands include Outback Steakhouse, known for steaks and other Australian-inspired dishes; Carrabba’s Italian Grill, which serves Italian-American cuisine; Bonefish Grill, focused on seafood and contemporary dishes; and Fleming’s Prime Steakhouse & Wine Bar.

The company’s restaurants offer a range of dine-in, takeout, delivery and catering services, with menus generally centered on full-service meals, specialty beverages and hospitality-oriented dining experiences.