Bloomin’ Brands (NASDAQ:BLMN) Posts Earnings Results, Beats Expectations By $0.09 EPS

Bloomin’ Brands (NASDAQ:BLMN) issued its quarterly earnings results on Thursday. The restaurant operator reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.09, Zacks reports. The business had revenue of $928.81 million during the quarter, compared to analysts’ expectations of $905.59 million. Bloomin’ Brands had a positive return on equity of 44.03% and a negative net margin of 0.12%.The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.21 earnings per share. Bloomin’ Brands updated its FY 2025 guidance to 1.100-1.150 EPS and its Q4 2025 guidance to 0.230-0.280 EPS.

Bloomin’ Brands Trading Up 4.4%

Bloomin’ Brands stock traded up $0.28 during mid-day trading on Friday, hitting $6.68. 3,408,861 shares of the stock were exchanged, compared to its average volume of 2,533,500. The stock has a market capitalization of $568.25 million, a price-to-earnings ratio of -133.60 and a beta of 1.26. The company has a quick ratio of 0.35, a current ratio of 0.43 and a debt-to-equity ratio of 2.29. The firm’s fifty day simple moving average is $7.19 and its two-hundred day simple moving average is $7.98. Bloomin’ Brands has a 12 month low of $6.09 and a 12 month high of $16.18.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on BLMN. Zacks Research cut shares of Bloomin’ Brands from a “hold” rating to a “strong sell” rating in a research note on Monday, September 29th. Morgan Stanley boosted their target price on shares of Bloomin’ Brands from $9.00 to $10.00 and gave the stock an “equal weight” rating in a research note on Monday, July 14th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Bloomin’ Brands in a report on Wednesday, October 8th. BMO Capital Markets dropped their price target on Bloomin’ Brands from $10.00 to $8.00 and set a “market perform” rating for the company in a research note on Thursday, August 7th. Finally, Barclays reduced their price objective on Bloomin’ Brands from $9.00 to $7.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 6th. Eight investment analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and an average price target of $9.94.

Institutional Trading of Bloomin’ Brands

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Bloomin’ Brands by 6.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,395 shares of the restaurant operator’s stock worth $333,000 after acquiring an additional 2,622 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in Bloomin’ Brands by 10.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 30,343 shares of the restaurant operator’s stock worth $261,000 after purchasing an additional 2,755 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in Bloomin’ Brands by 83,825.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,357 shares of the restaurant operator’s stock worth $29,000 after purchasing an additional 3,353 shares in the last quarter. Lazard Asset Management LLC raised its stake in shares of Bloomin’ Brands by 178.1% in the second quarter. Lazard Asset Management LLC now owns 10,378 shares of the restaurant operator’s stock worth $88,000 after purchasing an additional 6,646 shares during the last quarter. Finally, Quantinno Capital Management LP lifted its holdings in shares of Bloomin’ Brands by 23.6% in the second quarter. Quantinno Capital Management LP now owns 41,073 shares of the restaurant operator’s stock valued at $354,000 after purchasing an additional 7,833 shares in the last quarter.

About Bloomin’ Brands

Bloomin’ Brands, Inc engages in the acquisition, operation, design, and development of restaurant concepts. It operates through the U.S. and International geographical segments. The U.S. segment operates in the USA and Puerto Rico. The International segment operates in Brazil, South Korea, Hong Kong, and China.