Bloomin’ Brands (NASDAQ:BLMN) Shares Gap Up – Here’s What Happened

Bloomin’ Brands, Inc. (NASDAQ:BLMN) shares gapped up prior to trading on Thursday. The stock had previously closed at $8.55, but opened at $8.79. Bloomin’ Brands shares last traded at $8.4860, with a volume of 58,878 shares traded.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $11.00 target price on shares of Bloomin’ Brands in a research report on Thursday, August 6th. Weiss Ratings cut Bloomin’ Brands from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, August 19th. Wall Street Zen upgraded Bloomin’ Brands from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. BMO Capital Markets reissued a “market perform” rating and set a $12.00 price objective on shares of Bloomin’ Brands in a report on Thursday, August 6th. Finally, Morgan Stanley boosted their target price on shares of Bloomin’ Brands from $8.00 to $12.00 and gave the company an “equal weight” rating in a research note on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $9.75.

Bloomin’ Brands Price Performance

The stock has a fifty day moving average of $9.56 and a two-hundred day moving average of $8.00. 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 stock has a market capitalization of $674.69 million, a price-to-earnings ratio of 25.42, a PEG ratio of 2.09 and a beta of 1.23.

Bloomin’ Brands (NASDAQ:BLMN) last posted its quarterly earnings data on Wednesday, August 5th. The restaurant operator reported $0.39 EPS 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%.The business’s revenue was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $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, equities research analysts forecast that Bloomin’ Brands, Inc. will post 0.98 earnings per share for the current year.

Institutional Investors Weigh In On Bloomin’ Brands

A number of hedge funds have recently added to or reduced their stakes in BLMN. Integrated Wealth Concepts LLC acquired a new stake in Bloomin’ Brands in the 2nd quarter valued at about $156,000. IFP Advisors Inc raised its stake in shares of Bloomin’ Brands by 357.4% in the second quarter. IFP Advisors Inc now owns 5,022 shares of the restaurant operator’s stock worth $46,000 after acquiring an additional 3,924 shares during the last quarter. Allworth Financial LP lifted its position in shares of Bloomin’ Brands by 146.3% during the second quarter. Allworth Financial LP now owns 6,069 shares of the restaurant operator’s stock worth $55,000 after purchasing an additional 3,605 shares in the last quarter. Corient Private Wealth LP acquired a new position in shares of Bloomin’ Brands during the second quarter worth approximately $131,000. Finally, HighTower Advisors LLC grew its stake in shares of Bloomin’ Brands by 7.8% during the second quarter. HighTower Advisors LLC now owns 24,844 shares of the restaurant operator’s stock valued at $227,000 after purchasing an additional 1,808 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-casual restaurant concepts. Its brands include Outback Steakhouse, known for steaks and other Australian-inspired menu offerings; Carrabba’s Italian Grill, which specializes in Italian-American cuisine; Bonefish Grill, focused on seafood and grilled dishes; and Fleming’s Prime Steakhouse & Wine Bar, which offers prime steaks, seafood and wine. The company also operates additional concepts, including Aussie Grill and Tender Shack.

Bloomin’ Brands serves customers primarily in the United States, with restaurants and franchise operations in select international markets.