Bloomin’ Brands (NASDAQ:BLMN) Shares Down 6.7% – What’s Next?

Bloomin’ Brands, Inc. (NASDAQ:BLMN) fell 6.7% during trading on Monday . The company traded as low as $7.73 and last traded at $7.7370. 1,261,252 shares traded hands during trading, a decline of 53% from the average session volume of 2,674,075 shares. The stock had previously closed at $8.29.

Analysts Set New Price Targets

A number of research firms have commented on BLMN. Weiss Ratings raised shares of Bloomin’ Brands from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday. 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 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 company a “neutral” rating in a research report on Thursday, May 7th. Sanford C. Bernstein set a $9.00 price target on shares of Bloomin’ Brands in a report on Thursday, May 7th. Finally, Wall Street Zen cut shares of Bloomin’ Brands from a “buy” rating to a “hold” rating in a report on Saturday, June 6th. Seven research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Bloomin’ Brands currently has an average rating of “Reduce” and an average target price of $8.78.

Bloomin’ Brands Stock Up 0.7%

The firm has a market capitalization of $657.48 million, a P/E ratio of 30.72, a PEG ratio of 2.04 and a beta of 1.22. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.19 and a current ratio of 0.26. The business’s fifty day moving average price is $7.23 and its two-hundred day moving average price is $6.74.

Bloomin’ Brands (NASDAQ:BLMN) last released its quarterly earnings results on Wednesday, May 6th. The restaurant operator reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.10. Bloomin’ Brands had a net margin of 0.55% and a return on equity of 28.00%. The business had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same period last year, the business earned $0.59 EPS. The company’s revenue was up 1.0% compared to the same quarter last year. 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. Equities analysts expect that Bloomin’ Brands, Inc. will post 0.88 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

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