Brokerages Set Bloomin’ Brands, Inc. (NASDAQ:BLMN) PT at $9.75

Shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) have received a consensus rating of “Hold” from the eleven ratings firms that are currently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a strong buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $9.75.

BLMN has been the subject of a number of recent analyst reports. Barclays lifted their price objective on Bloomin’ Brands from $7.00 to $9.00 and gave the company an “equal weight” rating in a research report on Thursday, May 7th. UBS Group raised their target price on shares of Bloomin’ Brands from $6.00 to $9.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Zacks Research raised Bloomin’ Brands from a “hold” rating to a “strong-buy” rating in a report on Friday, August 7th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $11.00 price target on shares of Bloomin’ Brands in a report on Thursday, August 6th. Finally, Weiss Ratings cut shares of Bloomin’ Brands from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, August 19th.

Bloomin’ Brands Stock Down 6.4%

Bloomin’ Brands stock opened at $10.44 on Tuesday. Bloomin’ Brands has a fifty-two week low of $5.19 and a fifty-two week high of $12.63. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.18 and a current ratio of 0.25. The firm has a 50 day moving average price of $9.35 and a 200 day moving average price of $7.63. The company has a market capitalization of $893.87 million, a PE ratio of 33.68, a price-to-earnings-growth ratio of 2.87 and a beta of 1.22.

Bloomin’ Brands (NASDAQ:BLMN) last released its earnings results on Wednesday, August 5th. The restaurant operator reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.10. Bloomin’ Brands had a return on equity of 28.95% and a net margin of 0.70%.The company had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1 billion. During the same period in the previous year, the company posted $0.32 EPS. Bloomin’ Brands’s revenue was up 1.3% compared to the same quarter last year. 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. Research analysts expect that Bloomin’ Brands will post 0.98 earnings per share for the current year.

Institutional Trading of Bloomin’ Brands

A number of institutional investors have recently added to or reduced their stakes in BLMN. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Bloomin’ Brands during the fourth quarter valued at about $808,000. Landscape Capital Management L.L.C. bought a new position in shares of Bloomin’ Brands in the second quarter valued at about $1,198,000. Dimensional Fund Advisors LP raised its position in shares of Bloomin’ Brands by 84.9% during 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 during the period. Renaissance Technologies LLC lifted its holdings in shares of Bloomin’ Brands by 77.1% during the 1st quarter. Renaissance Technologies LLC now owns 369,796 shares of the restaurant operator’s stock valued at $1,997,000 after purchasing an additional 160,942 shares in the last quarter. Finally, Ieq Capital LLC acquired a new position in shares of Bloomin’ Brands in the 2nd quarter valued at approximately $2,474,000.

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.