Brokerages Set Bloomin’ Brands, Inc. (NASDAQ:BLMN) Price Target at $8.78

Shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) have been assigned a consensus recommendation of “Reduce” from the nine research firms that are currently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation and seven have issued a hold recommendation on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $8.7778.

Several equities analysts have issued reports on the company. Weiss Ratings downgraded Bloomin’ Brands from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, May 29th. The Goldman Sachs Group lifted their price objective on Bloomin’ Brands from $6.00 to $8.50 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Citigroup lifted their price objective on Bloomin’ Brands from $6.75 to $9.50 and gave the company a “neutral” rating in a research report on Thursday, May 7th. 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. Finally, Wall Street Zen downgraded Bloomin’ Brands from a “buy” rating to a “hold” rating in a research report on Saturday, June 6th.

Bloomin’ Brands Price Performance

Shares of NASDAQ:BLMN opened at $7.65 on Thursday. Bloomin’ Brands has a 1-year low of $5.19 and a 1-year high of $10.70. The firm has a market capitalization of $654.92 million, a PE ratio of 30.60, a PEG ratio of 2.22 and a beta of 1.21. The business’s 50 day moving average is $7.15 and its 200-day moving average is $6.73. 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 posted its earnings results on Wednesday, May 6th. The restaurant operator reported $0.67 EPS for the quarter, topping the consensus estimate of $0.57 by $0.10. The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.04 billion. Bloomin’ Brands had a return on equity of 28.00% and a net margin of 0.55%.Bloomin’ Brands’s revenue was up 1.0% on a year-over-year basis. During the same quarter last year, the company earned $0.59 EPS. 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. Sell-side analysts predict that Bloomin’ Brands will post 0.88 earnings per share for the current year.

Institutional Investors Weigh In On Bloomin’ Brands

Hedge funds and other institutional investors have recently made changes to their positions in the company. Quarry LP acquired a new stake in shares of Bloomin’ Brands in the 4th quarter valued at $25,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of Bloomin’ Brands by 83,825.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,357 shares of the restaurant operator’s stock valued at $29,000 after buying an additional 3,353 shares during the period. Hilton Head Capital Partners LLC acquired a new stake in shares of Bloomin’ Brands in the 4th quarter valued at $31,000. PNC Financial Services Group Inc. increased its stake in shares of Bloomin’ Brands by 44.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 5,431 shares of the restaurant operator’s stock valued at $34,000 after buying an additional 1,662 shares during the period. Finally, GAMMA Investing LLC increased its stake in shares of Bloomin’ Brands by 50.9% in the 4th quarter. GAMMA Investing LLC now owns 6,221 shares of the restaurant operator’s stock valued at $38,000 after buying an additional 2,099 shares during the period.

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.