Bloomin’ Brands, Inc. (NASDAQ:BLMN) Receives $8.78 Consensus PT from Analysts

Shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) have earned an average recommendation of “Reduce” from the nine ratings firms that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation and seven have issued a hold recommendation on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $8.7778.

BLMN has been the subject of several analyst reports. The Goldman Sachs Group lifted their price objective on Bloomin’ Brands from $6.00 to $8.50 and gave the company a “neutral” rating in a report on Thursday, May 7th. UBS Group lifted their price target on Bloomin’ Brands from $6.00 to $9.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Wall Street Zen cut Bloomin’ Brands from a “buy” rating to a “hold” rating in a research report on Saturday, June 6th. Barclays increased their target price on Bloomin’ Brands from $7.00 to $9.00 and gave the company an “equal weight” rating in a report on Thursday, May 7th. Finally, Citigroup raised their price objective on Bloomin’ Brands from $6.75 to $9.50 and gave the company a “neutral” rating in a research report on Thursday, May 7th.

Institutional Trading of Bloomin’ Brands

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Arrowstreet Capital Limited Partnership boosted its stake in shares of Bloomin’ Brands by 79.9% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,908,998 shares of the restaurant operator’s stock worth $21,109,000 after acquiring an additional 1,736,001 shares in the last quarter. State Street Corp lifted its position in Bloomin’ Brands by 1.8% in the fourth quarter. State Street Corp now owns 3,400,106 shares of the restaurant operator’s stock valued at $20,979,000 after acquiring an additional 58,722 shares during the last quarter. Millennium Management LLC increased its stake in Bloomin’ Brands by 69.9% in the third quarter. Millennium Management LLC now owns 2,590,098 shares of the restaurant operator’s stock valued at $18,571,000 after purchasing an additional 1,065,842 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Bloomin’ Brands by 12.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,409,123 shares of the restaurant operator’s stock worth $14,864,000 after acquiring an additional 269,746 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Bloomin’ Brands by 84.9% in the first quarter. Dimensional Fund Advisors LP now owns 2,208,122 shares of the restaurant operator’s stock valued at $11,924,000 after purchasing an additional 1,013,953 shares in the last quarter.

Bloomin’ Brands Stock Performance

Shares of NASDAQ BLMN opened at $7.68 on Thursday. The company has a market cap of $657.48 million, a P/E ratio of 30.72, a P/E/G ratio of 2.04 and a beta of 1.22. The company has a quick ratio of 0.19, a current ratio of 0.26 and a debt-to-equity ratio of 1.89. Bloomin’ Brands has a 12 month low of $5.19 and a 12 month high of $10.70. The business’s 50 day moving average is $7.23 and its two-hundred day moving average is $6.74.

Bloomin’ Brands (NASDAQ:BLMN) last posted its quarterly earnings data on Wednesday, May 6th. The restaurant operator reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.10. Bloomin’ Brands had a return on equity of 28.00% and a net margin of 0.55%.The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same quarter in the previous year, the firm earned $0.59 earnings per share. The business’s revenue was up 1.0% on a year-over-year basis. Bloomin’ Brands has set its FY 2026 guidance at 0.750-0.900 EPS and its Q2 2026 guidance at 0.270-0.320 EPS. On average, equities analysts expect that Bloomin’ Brands will post 0.88 EPS for the current year.

Bloomin’ Brands Company Profile

Bloomin’ Brands, Inc engages in the ownership, operation and franchising of casual dining restaurants worldwide. The company’s portfolio includes five full-service restaurant chains: Outback Steakhouse, known for its Australian-inspired steakhouse concept; Carrabba’s Italian Grill, offering Italian-American cuisine; Bonefish Grill, specializing in handcrafted seafood dishes; Fleming’s Prime Steakhouse & Wine Bar, focusing on premium steak and wine experiences; and Aussie Grill by Outback, featuring a streamlined menu of signature items.