Bloomin’ Brands (NASDAQ:BLMN) Stock Bumped Up to “Buy” by Wall Street Zen

Wall Street Zen upgraded shares of Bloomin’ Brands (NASDAQ:BLMN) from a hold rating to a buy rating in a research note released on Saturday,Wall Street Zen reports.

BLMN has been the subject of several other reports. Piper Sandler boosted their price objective on shares of Bloomin’ Brands from $9.00 to $12.00 and gave the company a “neutral” rating in a research note on Monday, August 10th. Veritas Investment Research set a $13.00 target price on Bloomin’ Brands in a research note on Tuesday, September 29th. Zacks Research downgraded Bloomin’ Brands from a “strong-buy” rating to a “hold” rating in a report on Friday, October 16th. Morgan Stanley lifted their price target on shares of Bloomin’ Brands from $8.00 to $12.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 6th. Finally, Weiss Ratings raised Bloomin’ Brands from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, October 14th. Eleven investment analysts have rated the stock with a Hold rating. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $10.90.

Bloomin’ Brands Stock Performance

NASDAQ:BLMN opened at $9.20 on Friday. The firm has a 50 day simple moving average of $9.32 and a 200-day simple moving average of $8.47. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.25 and a quick ratio of 0.18. The firm has a market cap of $787.70 million, a PE ratio of 29.68, a P/E/G ratio of 2.41 and a beta of 1.26. Bloomin’ Brands has a 1-year low of $5.19 and a 1-year high of $12.63.

Bloomin’ Brands (NASDAQ:BLMN) last issued its quarterly earnings results on Wednesday, August 5th. The restaurant operator reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.10. The company 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%. During the same quarter in the prior year, the company posted $0.32 EPS. The business’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. On average, equities analysts expect that Bloomin’ Brands will post 0.96 EPS for the current year.

Institutional Investors Weigh In On Bloomin’ Brands

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

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.