Bloomin’ Brands (NASDAQ:BLMN) Shares Down 6.1% – What’s Next?

Shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) were down 6.1% on Monday . The stock traded as low as $6.34 and last traded at $6.2750. Approximately 1,211,644 shares traded hands during mid-day trading, a decline of 52% from the average daily volume of 2,526,593 shares. The stock had previously closed at $6.68.

Analyst Upgrades and Downgrades

BLMN has been the subject of a number of recent research reports. Weiss Ratings reissued a “sell (d+)” rating on shares of Bloomin’ Brands in a report on Wednesday, October 8th. Barclays cut their price objective on Bloomin’ Brands from $9.00 to $7.00 and set an “equal weight” rating for the company in a report on Wednesday, August 6th. Zacks Research lowered shares of Bloomin’ Brands from a “hold” rating to a “strong sell” rating in a report on Monday, September 29th. Morgan Stanley increased their target price on shares of Bloomin’ Brands from $9.00 to $10.00 and gave the stock an “equal weight” rating in a research report on Monday, July 14th. Finally, The Goldman Sachs Group raised shares of Bloomin’ Brands from a “sell” rating to a “neutral” rating and set a $7.00 price objective on the stock in a research note on Friday. Eight investment analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, Bloomin’ Brands currently has a consensus rating of “Reduce” and an average price target of $9.94.

Bloomin’ Brands Stock Down 4.2%

The stock has a market cap of $544.44 million, a price-to-earnings ratio of -128.00 and a beta of 1.26. The company has a debt-to-equity ratio of 2.29, a quick ratio of 0.35 and a current ratio of 0.43. The firm’s 50-day simple moving average is $7.19 and its two-hundred day simple moving average is $7.97.

Bloomin’ Brands (NASDAQ:BLMN) last issued its quarterly earnings results on Thursday, November 6th. The restaurant operator reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.09. Bloomin’ Brands had a negative net margin of 0.12% and a positive return on equity of 44.03%. The business had revenue of $928.81 million during the quarter, compared to analyst estimates of $905.59 million. During the same quarter last year, the business posted $0.21 earnings per share. Bloomin’ Brands’s revenue for the quarter was up 2.1% compared to the same quarter last year. Bloomin’ Brands has set its FY 2025 guidance at 1.100-1.150 EPS. Q4 2025 guidance at 0.230-0.280 EPS. On average, sell-side analysts expect that Bloomin’ Brands, Inc. will post 1.8 EPS for the current fiscal year.

Hedge Funds Weigh In On Bloomin’ Brands

Several large investors have recently made changes to their positions in the company. Millennium Management LLC increased its position in 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. Nuveen LLC acquired a new position in Bloomin’ Brands during the 1st quarter valued at about $7,890,000. Federated Hermes Inc. lifted its position in Bloomin’ Brands by 201,255.8% during the 3rd quarter. Federated Hermes Inc. now owns 956,440 shares of the restaurant operator’s stock valued at $6,858,000 after purchasing an additional 955,965 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in shares of Bloomin’ Brands by 32.1% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,732,038 shares of the restaurant operator’s stock valued at $23,523,000 after purchasing an additional 664,545 shares during the last quarter. Finally, Landscape Capital Management L.L.C. grew its position in shares of Bloomin’ Brands by 1,549.5% during the 1st quarter. Landscape Capital Management L.L.C. now owns 637,264 shares of the restaurant operator’s stock worth $4,569,000 after buying an additional 598,630 shares during the period.

Bloomin’ Brands Company Profile

Bloomin’ Brands, Inc engages in the acquisition, operation, design, and development of restaurant concepts. It operates through the U.S. and International geographical segments. The U.S. segment operates in the USA and Puerto Rico. The International segment operates in Brazil, South Korea, Hong Kong, and China.