Bloomin’ Brands, Inc. (NASDAQ:BLMN) Given Consensus Recommendation of “Reduce” by Analysts

Bloomin’ Brands, Inc. (NASDAQ:BLMN) has received a consensus rating of “Reduce” from the nine ratings firms that are covering the company, Marketbeat reports. Two analysts have rated the stock with a sell rating and seven have given a hold rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $8.7778.

BLMN has been the topic of several analyst reports. UBS Group lifted their price target on shares of Bloomin’ Brands from $6.00 to $9.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Sanford C. Bernstein set a $9.00 price objective on Bloomin’ Brands in a research note on Thursday, May 7th. Barclays raised their target price on Bloomin’ Brands from $7.00 to $9.00 and gave the stock an “equal weight” rating in a report on Thursday, May 7th. Wall Street Zen lowered Bloomin’ Brands from a “buy” rating to a “hold” rating in a report on Saturday, June 6th. Finally, JPMorgan Chase & Co. cut Bloomin’ Brands from a “neutral” rating to an “underweight” rating and set a $6.00 price target for the company. in a research report on Friday, April 24th.

Institutional Investors Weigh In On Bloomin’ Brands

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership raised its stake in 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 during the period. Millennium Management LLC boosted its position in shares of Bloomin’ Brands by 123.1% in the first quarter. Millennium Management LLC now owns 2,299,778 shares of the restaurant operator’s stock worth $16,489,000 after purchasing an additional 1,268,988 shares during the period. Federated Hermes Inc. increased its stake in shares of Bloomin’ Brands by 115.9% in the fourth quarter. Federated Hermes Inc. now owns 2,064,940 shares of the restaurant operator’s stock worth $12,741,000 after purchasing an additional 1,108,500 shares in the last quarter. Dimensional Fund Advisors LP increased its stake 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 worth $11,924,000 after purchasing an additional 1,013,953 shares in the last quarter. Finally, Broad Bay Capital Management LP bought a new stake in shares of Bloomin’ Brands during the 4th quarter valued at $6,031,000.

Bloomin’ Brands Stock Performance

Bloomin’ Brands stock opened at $8.34 on Monday. The business has a 50-day simple moving average of $7.99 and a two-hundred day simple moving average of $6.92. The company has a market cap of $713.99 million, a P/E ratio of 33.36, a P/E/G ratio of 2.23 and a beta of 1.21. Bloomin’ Brands has a 52-week low of $5.19 and a 52-week high of $10.70. 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 (NASDAQ:BLMN) last released its quarterly earnings results on Wednesday, May 6th. The restaurant operator reported $0.67 EPS for the quarter, beating the consensus estimate of $0.57 by $0.10. The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.04 billion. Bloomin’ Brands had a net margin of 0.55% and a return on equity of 28.00%. The business’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.59 EPS. 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. Analysts predict that Bloomin’ Brands will post 0.88 EPS for the current year.

About Bloomin’ Brands

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.