Bloomin’ Brands (NASDAQ:BLMN) Hits New 52-Week High on Earnings Beat

Shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) reached a new 52-week high during trading on Wednesday following a better than expected earnings announcement. The stock traded as high as $11.63 and last traded at $12.0950, with a volume of 279501 shares changing hands. The stock had previously closed at $8.92.

The restaurant operator reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.10. Bloomin’ Brands had a net margin of 0.55% and a return on equity of 28.00%. The company had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1 billion. During the same quarter in the previous year, the firm earned $0.32 earnings per share. The firm’s quarterly revenue was up 1.3% on a year-over-year basis. 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.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Barclays increased their price objective on Bloomin’ Brands from $7.00 to $9.00 and gave the company an “equal weight” rating in a report on Thursday, May 7th. Sanford C. Bernstein set a $9.00 price target on shares of Bloomin’ Brands in a research note on Thursday, May 7th. UBS Group increased their price target on shares of Bloomin’ Brands from $6.00 to $9.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Weiss Ratings upgraded shares of Bloomin’ Brands from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, June 15th. Finally, Citigroup reduced their price objective 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. Six equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $8.53.

Institutional Trading of Bloomin’ Brands

Institutional investors and hedge funds have recently bought and sold shares of the business. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Bloomin’ Brands in the fourth quarter valued at about $808,000. Empowered Funds LLC raised its stake in Bloomin’ Brands by 150.1% during the 1st quarter. Empowered Funds LLC now owns 690,137 shares of the restaurant operator’s stock valued at $3,727,000 after acquiring an additional 414,146 shares during the last quarter. Weiss Asset Management LP purchased a new stake in Bloomin’ Brands during the 1st quarter valued at approximately $1,576,000. Arrowstreet Capital Limited Partnership lifted its position in Bloomin’ Brands by 79.9% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,908,998 shares of the restaurant operator’s stock worth $21,109,000 after acquiring an additional 1,736,001 shares during the period. Finally, Corient Private Wealth LLC purchased a new position in shares of Bloomin’ Brands in the 4th quarter valued at approximately $2,147,000.

Bloomin’ Brands Stock Performance

The company has a quick ratio of 0.19, a current ratio of 0.26 and a debt-to-equity ratio of 1.89. The stock has a fifty day moving average price of $8.26 and a 200-day moving average price of $7.14. The firm has a market cap of $1.04 billion, a price-to-earnings ratio of 48.38, a price-to-earnings-growth ratio of 7.21 and a beta of 1.22.

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.