Bloomin’ Brands (NASDAQ:BLMN) Share Price Passes Above 200 Day Moving Average – What’s Next?

Bloomin’ Brands, Inc. (NASDAQ:BLMN)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $6.57 and traded as high as $8.50. Bloomin’ Brands shares last traded at $8.14, with a volume of 2,135,245 shares trading hands.

Analysts Set New Price Targets

A number of analysts have issued reports on BLMN shares. 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 shares of Bloomin’ Brands from $7.00 to $9.00 and gave the company an “equal weight” rating in a report on Thursday, May 7th. JPMorgan Chase & Co. cut shares of Bloomin’ Brands from a “neutral” rating to an “underweight” rating and set a $6.00 price target on the stock. in a research report on Friday, April 24th. The Goldman Sachs Group upped their price target on shares of Bloomin’ Brands from $6.00 to $8.50 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Finally, Weiss Ratings upgraded shares of Bloomin’ Brands from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday. Seven research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Bloomin’ Brands presently has a consensus rating of “Reduce” and an average price target of $8.78.

Bloomin’ Brands Trading Down 1.7%

The company’s 50 day moving average price is $6.24 and its two-hundred day moving average price is $6.57. The firm has a market cap of $696.87 million, a PE ratio of 32.56, a P/E/G ratio of 2.21 and a beta of 1.10. 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 earnings results on Wednesday, May 6th. The restaurant operator reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.10. Bloomin’ Brands had a return on equity of 28.00% and a net margin of 0.55%.The firm had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter in the prior year, the firm posted $0.59 earnings per share. The company’s quarterly revenue was up 1.0% on a year-over-year basis. 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. As a group, sell-side analysts forecast that Bloomin’ Brands, Inc. will post 0.88 EPS for the current year.

Insider Buying and Selling

In other Bloomin’ Brands news, Director Rohit Lal bought 10,000 shares of Bloomin’ Brands stock in a transaction on Wednesday, March 11th. The shares were acquired at an average price of $5.69 per share, for a total transaction of $56,900.00. Following the completion of the purchase, the director directly owned 30,156 shares in the company, valued at approximately $171,587.64. This trade represents a 49.61% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.18% of the stock is owned by company insiders.

Hedge Funds Weigh In On Bloomin’ Brands

Institutional investors have recently bought and sold shares of the business. Royal Bank of Canada raised its stake in Bloomin’ Brands by 50.4% in the first quarter. Royal Bank of Canada now owns 333,693 shares of the restaurant operator’s stock worth $2,393,000 after buying an additional 111,801 shares in the last quarter. AQR Capital Management LLC boosted its position in Bloomin’ Brands by 156.1% during the 1st quarter. AQR Capital Management LLC now owns 591,373 shares of the restaurant operator’s stock valued at $4,240,000 after acquiring an additional 360,450 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Bloomin’ Brands by 6.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,395 shares of the restaurant operator’s stock valued at $333,000 after acquiring an additional 2,622 shares during the period. Millennium Management LLC increased its holdings in shares of Bloomin’ Brands by 123.1% in the 1st quarter. Millennium Management LLC now owns 2,299,778 shares of the restaurant operator’s stock valued at $16,489,000 after acquiring an additional 1,268,988 shares during the period. Finally, Goldman Sachs Group Inc. raised its position in shares of Bloomin’ Brands by 4.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,048,497 shares of the restaurant operator’s stock worth $7,518,000 after acquiring an additional 43,329 shares in the last quarter.

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.