Bloomin’ Brands (NASDAQ:BLMN) Upgraded by Wall Street Zen to Buy Rating

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 morning.

Several other research analysts have also issued reports on the company. Weiss Ratings upgraded Bloomin’ Brands from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday. The Goldman Sachs Group boosted 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. BMO Capital Markets reaffirmed a “market perform” rating and set a $12.00 target price on shares of Bloomin’ Brands in a research report on Thursday. Morgan Stanley increased their target price on Bloomin’ Brands from $8.00 to $12.00 and gave the stock an “equal weight” rating in a report on Thursday. Finally, Citigroup reduced their price target on shares of Bloomin’ Brands from $9.50 to $8.75 and set a “neutral” rating for the company in a research report on Friday, July 24th. Nine analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of $9.53.

Bloomin’ Brands Trading Up 0.6%

BLMN opened at $10.95 on Friday. The company has a fifty day moving average price of $8.43 and a two-hundred day moving average price of $7.22. Bloomin’ Brands has a 1-year low of $5.19 and a 1-year high of $12.63. The company has a market cap of $937.43 million, a P/E ratio of 35.32, a price-to-earnings-growth ratio of 8.02 and a beta of 1.22. The company has a current ratio of 0.26, a quick ratio of 0.19 and a debt-to-equity ratio of 1.89.

Bloomin’ Brands (NASDAQ:BLMN) last released its quarterly earnings data on Wednesday, August 5th. The restaurant operator reported $0.39 earnings per share (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 analysts’ expectations of $1 billion. Bloomin’ Brands had a net margin of 0.70% and a return on equity of 30.43%. The business’s revenue was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.32 EPS. 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. Analysts predict that Bloomin’ Brands will post 0.95 EPS for the current fiscal year.

Institutional Trading of Bloomin’ Brands

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new position in shares of Bloomin’ Brands in the second quarter valued at approximately $62,563,000. Deutsche Bank AG purchased a new position in shares of Bloomin’ Brands during the second quarter valued at approximately $815,000. Bank of New York Mellon Corp bought a new stake in Bloomin’ Brands during the second quarter worth $2,652,000. Focus Partners Advisor Solutions LLC bought a new stake in Bloomin’ Brands during the second quarter worth $125,000. Finally, State of Wyoming purchased a new stake in Bloomin’ Brands in the 2nd quarter valued at $404,000.

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.