Bloomin’ Brands, Inc. (NASDAQ:BLMN) Stock Has Consensus Price Target of $9.75

Shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) have been assigned an average rating of “Hold” from the eleven brokerages that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a strong buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $9.75.

Several research firms recently weighed in on BLMN. Piper Sandler raised their price objective on Bloomin’ Brands from $9.00 to $12.00 and gave the company a “neutral” rating in a research note on Monday, August 10th. Morgan Stanley increased their target price on shares of Bloomin’ Brands from $8.00 to $12.00 and gave the stock an “equal weight” rating in a report on Thursday, August 6th. Zacks Research upgraded shares of Bloomin’ Brands from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 7th. Weiss Ratings lowered shares of Bloomin’ Brands from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, August 19th. Finally, Wall Street Zen upgraded shares of Bloomin’ Brands from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of BLMN. BlackRock Inc. bought a new position in shares of Bloomin’ Brands in the 2nd quarter valued at $62,563,000. Miller Value Partners LLC bought a new position in Bloomin’ Brands in the second quarter valued at about $23,635,000. Arrowstreet Capital Limited Partnership boosted its stake in shares of Bloomin’ Brands by 79.9% during the first quarter. Arrowstreet Capital Limited Partnership now owns 3,908,998 shares of the restaurant operator’s stock valued at $21,109,000 after purchasing an additional 1,736,001 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Bloomin’ Brands by 84.9% during the first quarter. Dimensional Fund Advisors LP now owns 2,208,122 shares of the restaurant operator’s stock worth $11,924,000 after purchasing an additional 1,013,953 shares during the last quarter. Finally, Commonwealth Equity Services LLC grew its holdings in shares of Bloomin’ Brands by 56.3% during the fourth quarter. Commonwealth Equity Services LLC now owns 1,066,763 shares of the restaurant operator’s stock worth $6,582,000 after purchasing an additional 384,420 shares during the last quarter.

Bloomin’ Brands Price Performance

Shares of NASDAQ:BLMN opened at $7.88 on Friday. The firm has a 50 day moving average of $9.56 and a 200-day moving average of $8.00. Bloomin’ Brands has a 12 month low of $5.19 and a 12 month high of $12.63. The company has a current ratio of 0.25, a quick ratio of 0.18 and a debt-to-equity ratio of 1.62. The stock has a market capitalization of $674.69 million, a PE ratio of 25.42, a PEG ratio of 2.09 and a beta of 1.23.

Bloomin’ Brands (NASDAQ:BLMN) last posted its quarterly earnings results on Wednesday, August 5th. The restaurant operator reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.10. Bloomin’ Brands had a net margin of 0.70% and a return on equity of 28.95%. The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1 billion. During the same quarter last year, the business posted $0.32 EPS. The firm’s revenue for the quarter 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. On average, equities research analysts predict that Bloomin’ Brands will post 0.98 EPS for the current fiscal year.

Bloomin’ Brands Company Profile

Bloomin’ Brands, Inc is a restaurant company that owns, operates and franchises a portfolio of casual dining and upscale-casual restaurant concepts. Its brands include Outback Steakhouse, known for steaks and other Australian-inspired menu offerings; Carrabba’s Italian Grill, which specializes in Italian-American cuisine; Bonefish Grill, focused on seafood and grilled dishes; and Fleming’s Prime Steakhouse & Wine Bar, which offers prime steaks, seafood and wine. The company also operates additional concepts, including Aussie Grill and Tender Shack.

Bloomin’ Brands serves customers primarily in the United States, with restaurants and franchise operations in select international markets.